The Combined Benefits of Cost Segregation and Tangible Property: Part 2 - How Lease Language Affects Capitalization

Information about The Combined Benefits of Cost Segregation and Tangible Property: Part 2...

Published on June 8, 2016

Author: MHMPC

Source: slideshare.net

Content

1. CBIZ & MHM Executive Education Series™ For questions or other information, please contact us at [email protected] #CBIZMHMWebinar © Copyright 2016. CBIZ & Mayer Hoffman McCann P.C. All rights reserved. Evaluating tangible property regulations (TPR) and conducting cost segregation studies frequently bring benefits for similar projects and clients because both relate to tangible property-related expenses. Real estate developers, property managers, contractors and construction-related businesses should consider each tax planning opportunity carefully to determine their potential benefit or detriment. Legal language in leasing documents can control the capitalization versus expenditure treatment, affecting your cost segregation and TPR planning. In the second part of our Combined Benefits series, we will explore the different types of lease wording and their tax consequences. We also discuss recent developments that may affect planning, such as the qualified improvement property definition that took effect on January 1, 2016 and the bonus depreciation extension under the Protecting Americans Against Tax Hikes Act (PATH) of 2015. Learning Objectives Upon completion of this course, you will be able to: • Interpret lease language into its proper tax treatment • Assist taxpayer or legal team in understanding the consequences of their lease writings • Relate written leases to entries in the depreciation schedule • Properly classify current year expenditures as assets or repairs and maintenance The Combined Benefits of Cost Segregation and Tangible Property: Part 2 - How Lease Language Affects Capitalization Tuesday August 9, 2016 1–2 p.m. Tuesday June 9, 2016 1–2 p.m. Central Time Eligible for 1 CPE credit Presenters: Larry Rosenblum Eric Wallace of Boyer & Ritter Register: www.mhmcpa.com www.cbiz.com

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