Cost Segregation is a tax savings strategy that appropriately classifies building component costs for federal tax depreciation purposes and also facilitates "Partial Disposition" deductions. Using new online cost segregation software tools, tax preparers can generate these reports for smaller properties without the needs to hire a 3rd party engineer. This course will demonstrate these new software tools and discuss tax planning strategies that can be implemented.
Participate in a live demo for cost segregation software tools including the Residential Cost Segregator™ and the KBKG Partial Disposition Calculator.
Learn how to generate cost segregation reports in 3 easy steps for residential rental properties with a purchase price of $500k or less (excluding land).
Learn how these tools can generate significant tax savings for clients and additional revenue for your firm. Discuss tax considerations and tax planning strategies related to cost segregation.
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Gian oversees KBKG’s Cost Segregation group nationally. He is also a subject matter expert for 263(a) Repairs vs. Capitalization services.
Gian is a recognized leader in the cost segregation field serving as a former President (2013-2015 term) of the American Society of Cost Segregation Professionals (www.ASCSP.org) and holding a seat on their Board of Directors for a decade. Additionally, he was chair of their Technical Standards committee from 2009-2013.
He led the ASCSP Technical Committee to publish the first set of standards that all cost segregation reports must follow in order to be stamped by a Certified Member (MQS Report Requirements Appendix MQS 2011-1 Issued October 21, 2010). He coordinated ASCSP’s remarks on numerous issues including comments to the IRS on the newly issued “Repair Regulations” (December of 2011) and was also the lead author for ASCSP’s official commentary on the AmeriSouth XXXII., vs. Commissioner case; and the Peco Foods vs. Commissioner case. As President of ASCSP, Gian has assisted the Internal Revenue Service by providing feedback on amendments to the IRS Cost Segregation Audit Techniques Guide prior to public release.
Gian was one of the first in the country to become a “Certified Cost Segregation Professional” (CCSP) and one of the few that has provided expert witness testimony on Cost Segregation issues before the IRS. Prior to joining KBKG, Gian worked at two of the Big Four accounting firms. At PwC in Chicago, he served on the National Cost Segregation Consistency Committee where he was responsible for the development of their proprietary cost segregation software. He was also recognized for initiating and developing their first in-house advanced engineering training program.
Gian has been published in various journals such as Accounting Today, BNA Bloomberg and the CPA Practice Advisor. He’s been invited to speak to thousands of CPAs through associations including the AICPA, California Society of CPAs, BNA Bloomberg, Strafford Publications, National Association of Tax Professionals, Oregon Society of CPAs, Washington Society of CPAs, Illinois Society of CPAs, Colorado Society of CPAs, Lorman Education, Denver University and more. A full list of Gian’s published articles can be found on his linked in profile here: https://www.linkedin.com/in/costsegregationservices
Gian graduated from Purdue University with BS in Civil Engineering, with an emphasis in Structural Design. He is a member of the American Society of Civil Engineers as well as a lifetime member of Chi Epsilon, a civil engineering honorary fraternity.
CPAwebengage, Inc. (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211
CPAwebengage, Inc. (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211
Established in 1999 KBKG is a specialty tax firm providing nationwide service. Our firm offers a unique combination of heritage, vision and work. The strength of our firm is in understanding the complexities of taxation and engineering. Over the years we have used our experience and expertise to take advantage of ever changing tax laws for the benefit of our clients. As educators in the field of tax credits, incentives and deductions, we hold numerous seminars for CPAs, attorneys, investment firms, and other real estate professionals.