This session will raise awareness and give an overview of how to apply the most up-to-date tax strategies and repair regulations on commercial or investment property. Attendees will learn how to dramatically increase their cash flow and drastically lower their taxes through accelerated depreciation. Those who have a commercial building they bought, built, renovated or did leasehold improvements on, or plan to, may qualify for significant tax savings through cost segregation that could drastically lower tax liability. This session will discuss the tax law changes since 2014 that can be applied to any commercial or investment property valued at more than $200,000. The session also will cover the good, the bad and the confusing to allow attendees to understand how to take best advantage of these laws and ensure they remain in compliance with the law.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Review the effect of the changes in tax laws pertaining to commercial and investment property.
Discuss the risk involved with not complying with these tax law changes.
Explain engineering-based cost segregation and how it can improve cash flow and reduce tax liability.
Describe why all kinds of cost segregation are not alike, building systems valuations, audit protection, 3115 preparation and the myths surrounding cost segregation.