To provide participants with a practical understanding of cost segregation studies, depreciation planning strategies, and related tax and financial reporting considerations impacting corporations.

• Cost segregation fundamentals and identifying qualifying building components for accelerated depreciation
• When cost segregation studies provide the greatest tax and cash flow benefits
• Bonus depreciation and Section 179 planning strategies and limitations
• Repair versus capitalization considerations under the tangible property regulations
• Partial disposition elections, asset write-offs, and retirement of replaced building components
•  Deferred tax and ASC 740 implications of accelerated depreciation strategies
• IRS scrutiny, documentation expectations, and recapture considerations

To provide participants with a practical understanding of cost segregation studies, depreciation planning strategies, and related tax and financial reporting considerations impacting corporations.

DETAILED LEARNING OBJECTIVES

• Identify the purpose and benefits of cost segregation studies

• Recognize situations in which cost segregation strategies may provide significant tax benefits

• Recall the differences between bonus depreciation and Section 179 expensing

• Identify strategic considerations affecting depreciation and cost recovery planning

• Distinguish between deductible repairs and capital improvements under the Tangible Property Regulations

• Recognize the purpose and benefits of safe harbor elections and partial disposition elections

• Identify deferred tax and financial reporting implications associated with accelerated depreciation

• Recognize risks, compliance considerations, and best practices associated with cost segregation strategies

• Cost segregation fundamentals and identifying qualifying building components for accelerated depreciation
• When cost segregation studies provide the greatest tax and cash flow benefits
• Bonus depreciation and Section 179 planning strategies and limitations
• Repair versus capitalization considerations under the tangible property regulations
• Partial disposition elections, asset write-offs, and retirement of replaced building components
•  Deferred tax and ASC 740 implications of accelerated depreciation strategies
• IRS scrutiny, documentation expectations, and recapture considerations