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Product ID: 407810EAU
 
Credit & Course Provided by:

Accelerate Cash With Qualified Improvement Property Deductions

OnDemand Webinar (102 minutes)

Gain an understanding on changes to laws due to the CARES Act, and how taxpayers can generate cash now from accelerating tax deductions.The CARES Act brought relief to taxpayers with the change in depreciable tax life of Qualified Improvement Property. This correction to provisions in the Tax Cuts and Jobs Act creates opportunities for immediate deductions for bonus depreciation for certain improvements to real property. Our presenter from the Cherry Bekaert's federal credits and accounting methods team will cover the changes in the law, the revenue procedures guidance for taxpayers implementing the change, and walk through examples of how taxpayers can generate cash now from accelerating tax deductions.

Authors

Sean O'Leary, Cherry Bekaert Dawn Polin, CPA, Cherry Bekaert Ronald G. Wainwright Jr., CPA, MST, Cherry Bekaert

Agenda

Review the Technical Correction Introduced by the CARES Act

Apply the New Law to Multiple Example Situations

Consider Options in Revenue Procedures 2020-22 and 2020-25 to Apply the New Law

Coordinate the Impact of the Technical Correction With Cost Segregation Studies and Other Fixed Asset Review Services