Content Provider
Kbkg

Ea credits middle
Self-Study CPE
INTERNATIONAL TAX TREATIES
View Details/Register
THE MATHEMATICS OF SECURE: WHERE THE TAX LAW AND ECONOMICS COLLIDE
View Details/Register
CARES ACT ENFORCEMENT: WHAT CAN WE EXPECT FROM THE IRS?
View Details/Register
TAXPAYER PENALTIES, PROMOTER PENALTIES AND FRAUD REFERRALS
View Details/Register
UPDATES FROM IRS CHIEF COUNSEL AND INDEPENDENT OFFICE OF APPEALS
View Details/Register
PUERTO RICO TAX INCENTIVES: HOW TO GET YOUR CLIENTS TO THE 4% TAX BRACKET
View Details/Register
UPDATES FROM HEAD OF IRS COLLECTION AND THE TAXPAYER ADVOCATE
View Details/Register
BEST IRA IDEAS IN 2020
View Details/Register
UNDERSTANDING PARTNERSHIP TAXATION: TYPES OF BASIS & CONTRIBUTIONS
View Details/Register
DOMESTIC TAX ISSUES FOR IMMIGRANTS & ALIENS
View Details/Register
Cpece webinars
Bonus Depreciation & Cost Segregation: 2021 Update

BONUS DEPRECIATION & COST SEGREGATION: 2021 UPDATE

Available Date(s)
Wednesday, June 23, 2021: 4:00PM EDT
$20.00
Wednesday, July 28, 2021: 4:00PM EDT
Free

CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-00014-15-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

This course will give you the most current updates for 2021 on bonus depreciation and cost segregation. We will clarify many confusing areas of bonus depreciation and discuss how it interacts with cost segregation. Finally, we will discuss any current case law or legal developments in the area of cost segregation.

Learning Objectives:


  • Recall bonus depreciation criteria

  • Identify the applicability of qualified leasehold improvements, retail improvements, and restaurant properties

  • Identify qualified improvement properties

  • Outline the differences between self-constructed property and acquired property

  • Identify when construction of self-constructed property begins

  • Determine the relevance of written binding contract rules

  • Recall considerations for extended production period properties and bonus depreciation planning

  • List new case law

Sumit Sharma, CCSP, ASA

KBKG
Director, Cost Segregation
sumit.sharma@kbkg.com
(877) 525-4462 x754

Kbkg

Sumit Sharma is a Senior Manager at KBKG for the Cost Segregation Practice. Based in New York, he has over ten years of experience conducting Fixed Asset Depreciation reviews, purchase price allocations, Cost Segregation studies, Section 179D energy-efficient analyses, repairs/maintenance cost analyses, and pre-construction tax consulting services. Before joining KBKG, Sumit worked for six years as a tax manager with PricewaterhouseCoopers in their Tax Projects Delivery Group. His experience also includes five years at a boutique consulting firm where he was engaged in various fixed asset tax consulting projects. His technical knowledge spans various tax projects, and his experience includes a diverse mix of clients in multiple industries. Sumit earned his Bachelor of Engineering degree in Engineering Management from the Stevens Institute of Technology. He is an associate member of the American Society of Appraisers with a discipline in Machinery and Technical Specialties, and he is a certified Marshall & Swift appraiser.

Linkedin

Malik Javed, CCSP

KBKG
Principal Cost Segregation
malik@kbkg.com
6265383131

Kbkg

Malik Javed is a Principal and oversees engineering operations for Cost Segregation projects at KBKG. He is a certified member of the American Society of Cost Segregation Professionals (ASCSP) and is currently a member of the ASCSP Technical Standards Committee. Since joining KBKG in 2004, Malik performed hundreds of Cost Segregation studies, regularly reviewed architectural and engineering drawings and construction cost budgets. His responsibilities include site inspections of residential, commercial, and manufacturing facilities. Malik has also successfully represented KBKG’s clients in an IRS audit. Prior to joining KBKG, Malik worked as a Resident Engineer in Construction Management at PEPAC. He was responsible for the overall performance and quality of work, including verifying bills, estimates, and claims and supervising the construction of buildings per design and specifications. Malik earned his Bachelor of Science degree in Civil Engineering and a Master's of Science degree in Engineering Management from California State University, Northridge.

Additional Materials
Webinar FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Kbkg
Established in 1999 KBKG is a specialty tax firm providing nationwide service. Our firm offers a unique combination of heritage, vision and work. The strength of our firm is in understanding the complexities of taxation and engineering. Over the years we have used our experience and expertise to take advantage of ever changing tax laws for the benefit of our clients. As educators in the field of tax credits, incentives and deductions, we hold numerous seminars for CPAs, attorneys, investment firms, and other real estate professionals.