Learn how to comply with the repair and maintenance regulations and where to make the necessary accounting method changes.
The Final Tangible Property Repair Regulations are in full effect, yet many taxpayers are not compliant or are missing opportunities to take full advantage of these new rules. This session covers compliance requirements as well as potential tax planning strategies on both a retroactive and prospective basis. Our presenter will also go over in-depth examples and real-life case studies. Participants will be better able to identify tax-saving opportunities and be in compliance with these new regulations.
Learning Objectives
- You will be able to identify routine maintenance safe harbor.
- You will be able to differentiate when tax rates apply.
- You will be able to differentiate between betterment, adaption and restoration.
- You will be able to identify Units of Property (UOP).
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Understand Requirements Presented by the Final Repair and Disposition Regulations
Identify Opportunities for Missed Deductions and Other Tax Planning Ideas
Gain an In-Depth Knowledge of Unit of Property Rules
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 27, 2024.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Amar Patel, CPA, CCSP
KBKG
- Cost Segregation Practice Leader KBKG, Atlanta office
- Has completed cost segregation analyses on thousands of properties ranging from office space leasehold improvements to multibillion-dollar industrial complexes and hotel and resort projects
- Specializes in cost segregation and fixed asset services, including tangible property repair regulation analyses
- Has worked with many Fortune 500 companies and successfully represented his claims to both IRS and Financial Auditors
- Author of Tax Insight Article; Form 3115 utilization for changing to ADS depreciation for Residential Rental Properties; Motor Retail Fuel Outlet Cost Segregation Opportunities.
- Self Storage Investing Group; Tax Planning Opportunities for Self-Storage Investors
- Regular presenter on our KBKG cost segregation, bonus depreciation, and tangible property regulation webinar courses that are hosted to thousands of CPAs nationwide
- B.S. degree in finance and accounting, University of Tennessee, Knoxville
- Georgia Licensed CPA and member of American Institute of CPAs and American Society of Cost Segregation Professionals
- Can be reached at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
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