Current Issues in Cost Segregation
|Date / Time:
Cost segregation is a powerful tax planning strategy used by real estate owners and tenants to accelerate significant depreciation deductions associated with buildings and improvements of all types and sizes. Although cost segregation has become quite popular in recent years, many tax advisors and real estate owners are still missing significant opportunities because they are unfamiliar with the many applications.
This topic provides both an introduction to cost segregation, as well as some more advanced planning ideas. A solid understanding of cost segregation and the benefits of applying this strategy will be provided. Enjoy a discussion of various applications for cost segregation, beyond newly constructed and newly acquired properties. The topic concludes with an overview of what the IRS is looking for in a cost segregation study.
Why You Need to Know About Cost Segregation
Cost Segregation Overview
- CPAs and Trusted Advisors
- Real Estate Owners
- What Is a Cost Segregation Study?
- Impact of Accelerating Depreciation
- Proper Methodologies
Applications for Cost Segregation
- What Constitutes a Building
- Tests Used for Identifying Qualifying Property
- Examples of Qualifying Property
- Life Cycle of Real Estate
- Using Cost Segregation With New Construction, Acquisition, Redevelopment, Tenant Improvement, Look-Back Studies and More
- Interplay With the Tangible Property Regulations
About The Presenters
- Current Stimulus Packages, Ruling or Legislation
Steven D. Beaucaire, MST, CCSP
Greg K. Bryant, CCSP
- Director of tax with Bedford Cost Segregation
- More than 35 years in public accounting and private industry, focused on fixed assets and cost segregation studies
- Responsible for tax reviews and report certification, ensuring that Bedford’s cost segregation studies are based on an appropriate interpretation of tax law and current legislation
- Conducts regular seminars and workshops on cost segregation
- Writer of Bedford popular eNewsletter The Bottom Line
- Certified member of the American Society of Cost Segregation Professionals, where he serves on the Testing Committee
- Member and past president of the International Tax Executives Institute New England Chapter
- M.S. degree in taxation, Bryant College; B.S. degree in accounting, Bentley College; B.A. degree in sociology, Stonehill College
- Managing partner of Bedford Cost Segregation
- More than 38 years of construction and engineering experience spanning project conceptualization through construction and asset management
- Developed more than 5 million square feet of commercial and retail property throughout North America
- Prior to co-founding Bedford’s cost segregation practice, he was senior vice president of one of the nation’s largest real estate due diligence firms
- Written numerous articles for regional and national publications and has lectured extensively on the subject of cost segregation
- Certified member and past president of the American Society of Cost Segregation Professionals (ASCSP), where he serves on the testing committee.
- Member of ICSC, where he serves as a faculty member of the University of Shopping Centers School of Finance, Accounting and Lease Administration
- Licensed real estate broker in the state of New Hampshire
- Undergraduate pre-law degree, Dawson College in Montreal; completed graduate studies, Loyola College in Baltimore
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