Description
Join seasoned CPA and instructor Greg White for part one of two half-day seminars as he unpacks the latest tax rules and smart planning moves that can make a big difference for your clients. We’ll take a deep dive into hot topics like like-kind exchanges, bonus depreciation and §179 updates from the TCJA and CARES Acts, and how the 20% QBID applies to real estate deals. You’ll also pick up practical tips for maximizing tax benefits on property sales and purchases and learn how to tap into the perks of a cost segregation study — without the hefty price tag. Walk away with the up-to-date knowledge and confidence you need to give your real estate clients real value.
Event Level: Basic
Who Should Attend: CPAs and tax professionals involved in the world of tax
Required Knowledge: An understanding of federal income taxation of real estate transactions.
Advanced Preparation: None
Vendor: Don Farmer Tax Education
Speaker: Koutellieris, George
Speaker: White, Greg
Objective
* Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act and CARES Act changes * Recognize the best way to maximize the §199A deduction in the real estate rental area * Identify and apply the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act * Recognize and apply changes made to interest deductibility area. Should some real estate owners "elect out" even though their gross receipts are significantly below $28 million? * Identify cutting-edge tax strategies for real estate professionals. MAJOR TOPICS * Writing off removal costs when real estate is improved * Maximizing the new 20% qualified business income deduction for real estate rental property * Allocating purchase price in the most advantageous manner and reducing the likelihood of disagreement with the IRS * The new bonus depreciation rules for real property (updated for TCJA) * The revised §179 expense rules for real property (updated for TCJA) * Taking partial disposition losses when real estate is improved * Reducing the effects of the net investment income tax on real estate * Minimizing the effects of the passive loss rules * Getting maximum benefit from personal property and land improvements * Using the qualifying business income deduction for real estate developers, contractors and subcontractors
Credit Types
- Taxes: 4
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Don Farmer: Live Online-(4 Hours) | Members | $149.00 |
| Don Farmer: Live Online-(4 Hours) | Non Members | $189.00 |
The North Carolina Association of Certified Public Accountants 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/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.