FMN Plus-2024/May, Seg 4 - Cost Segregation: Overview of Effective Tax Strategies
Cost segregation is a valuable tax planning tool for businesses owning or investing in commercial properties, offering the potential for substantial tax savings and improved cash flow. Isaac Downing, Senior Director with Omega Accounting Solutions, joins this segment to discuss the benefits of cost segregation. In addition, Isaac guides us through when to perform a cost segregation study, when not to perform a study, the types of qualifying assets involved, as well as how bonus depreciation can also be leveraged to unlock additional tax savings.
Learning Objectives:
- Recognize key benefits of performing a cost segregation study
- Identify circumstances when a cost segregation study may be beneficial
- Distinguish between 5, 7, and 15-year tangible property
- Identify benefits of bonus depreciation
Prerequisites/Advanced Preparation:
Details
Course Code
:
FMN1565-FM
Release Date
:
05/10/2024
|
Expire Date
:
12/13/2025
|
Credits
:
|
Length
:
1hr 40min
|
Course Level
:
Update
|
Course Type
:
QAS Self-Study
|
Passing Grade
:
70%
|
Format Type
:
eLearning
Mobile Compatible
|
Field Of Study
:
Taxes
|
|
Theme
:
Individual Tax Series
|