Don Farmer's Tax Strategies for Real Estate: Maximizing Benefits with Key Planning Moves - VIRTUAL
4.00 Credits
Member Price $149
Non-Member Price $189
Overview
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.
Highlights
- 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.
Prerequisites
An understanding of federal income taxation of real estate transactions.
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
- 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.
Preparation
None
Leader(s):
- George Koutelieris, ACPEN Business Professionals Network
- Greg White, ACPEN Business Professionals Network
Leader Bios
George Koutelieris, ACPEN Business Professionals Network
George Koutelieris is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Masters in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various State taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants and the Oregon Society of Certified Public Accountants.
Non-Member Price $189
Member Price $149