Tangible Repair Regulations: Safe Harbors, Bonus Depreciation vs. Section 179, Expense Policies & Recent Legislation
Recording of a 110-minute CPE webinar with Q&A
This webinar will take a fresh look at the tangible property regulations (TPR), including the related safe harbors, partial dispositions, recommended expensing policies, and recent legislative changes to the initial rules. Our panel will provide case studies of common scenarios to provide insights on maximizing deductions related to property purchases and maintenance.
Outline
- Tangible property regulations (TPR)
- Subsequent legislation affecting TPR
- Safe harbors
- Expense policy options
- Expense vs. capitalization determinations
- Bonus depreciation
- Section 179
- Dispositions
- Case studies
Benefits
This webinar will cover these and other critical issues:
- Determining whether bonus or Section 179 expensing is the better option
- When to expense routine maintenance
- Eligibility for the small business safe harbor
- Expensing policies businesses should have in place
- IRS-issued clarifications impacting depreciation
Faculty
Bruce A. Johnson, MBA, CEM
Co-founder and Partner
Capstan Tax Strategies
Mr. Johnson works closely with commercial real estate owners, investors, and accounting firms to provide practical,... | Read More
Mr. Johnson works closely with commercial real estate owners, investors, and accounting firms to provide practical, creative, and client-specific solutions. He is well-versed in engineering-based tax strategies, guiding clients through the long-established benefits of cost segregation while introducing new opportunities now possible under the Tangible Property Regulations and the recent Tax Cuts and Jobs Act.
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Brian J. O'Sullivan, CPA, CVA
Partner
LG Legacy Group
Mr. O’Sullivan is a Tax Partner with LG Legacy Group, LLC and an adjunct professor with Temple University... | Read More
Mr. O’Sullivan is a Tax Partner with LG Legacy Group, LLC and an adjunct professor with Temple University teaching taxation. His area of emphasis is income tax planning and consulting for high net worth individuals and closely held companies. Additional responsibilities include financial analysis, economic analysis and valuation of closely held enterprises and professional practices. Mr. O’Sullivan has served as an advisor in the purchase and sale of business enterprises, advising on sophisticated tax strategies, establishing Buy-Sell Agreements, as well as valuations for gift tax purposes. His valuation services have been used for financial statement purposes, litigation, marital dissolution, phantom stock compensation plans and other needs. Mr. O’Sullivan's experience is in public accounting areas of income taxation, valuation services and audit and attestation services. He is specialized in U.S. income taxation for high net worth individuals and businesses, State and Local taxation developments, real estate taxation, merger and acquisition planning as well as the valuation of business enterprises.
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