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Update: Using Cost Segregation to Leverage the TCJA and the TPRs

UPDATE: USING COST SEGREGATION TO LEVERAGE THE TCJA AND THE TPRs

Cost Free
Presentation Length 1.0 hour

Recorded DateSeptember 26, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Series: Tax Reform, Taxes
Course Description

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. This marks the first comprehensive tax law reform since 1986 and the legislation has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained.  The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA.  Again, a thorough cost segregation study is the key to fully leveraging all possible benefits.    

Learning Objectives:


  • Understand how cost segregation is the vehicle by which tax savings opportunities are obtained. 

  • Use a TPR flowchart to assist in the expense vs. capitalization decision-making process. 

  • Identify possible opportunities for leveraging the TPRs. 

  • Explain the significance of the date 9/27/17 in determining bonus rates for new construction projects and acquisitions. 

  • Understand the implications of the Interest Deduction Limitation.

  • Review the current status of Qualified Improvement Property under the TCJA. 

  • Become familiar with Section 179 and Opportunity Zones under the TCJA. 

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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As a founding partner at Capstan Tax Strategies, Bruce works closely with commercial real estate owners, investors, and accounting firms to provide practical, creative and clientspecific solutions. Bruce is well-versed in engineering-based tax strategies, guiding clients through the long-established benefits of cost segregation while introducing the new opportunities now possible under the Tangible Property Regulations and the recent Tax Cuts and Jobs Act.

Bruce has a particular interest in energy-efficient building incentives and sustainability, and he has earned the Association of Energy Engineers’ CEM credential, which testifies to both his proficiency and integrity. As an engineer with significant experience in cost segregation, energy consulting, and capital improvement projects, Bruce understands the importance of leveraging fixed assets to enhance cash flow and meet business needs.

Over the last 30 years, Bruce has focused on helping clients achieve operational efficiencies to increase cash flow. In the last decade alone, Bruce has overseen the delivery of thousands of cost segregation studies and personally completed hundreds of assessments spanning a wide variety of property types.

Bruce has served as a guest lecturer on the subject of cost segregation at Temple University and Baruch College, and is a frequent speaker for professional organizations such as AICPAs Construction and Real Estate conference. BOMA, FEA, and CCIM, as well as for real estate and financial service companies. Bruce tailors each presentation to the unique needs of the audience. Bruce has also been a featured presenter at the Association of Energy Engineers’ annual Globalcon events, where he has highlighted Capstan’s ability to blend savings with sustainability.

Bruce is a senior member of the American Society of Cost Segregation Professionals (ASCSP). He is a member of the Association of Energy Engineers (AEE), and the International Council of Shopping Centers (ICSC), where he served as a faculty member at ICSC University, School of Finance, Accounting and Lease Administration. Bruce is also member of the National Association of Industrial and Office Parks (NAIOP), where he is a Board Member and head of the Governance Committee as well as a member of the national chapter Tax and Finance Subcommittee.

Happily married with one daughter who is entering her junior year at Temple University, Bruce enjoys reading, cooking, golfing and traveling with his girls. He is also a motorcycling enthusiast and is working on his next Spartan Race trifecta.

Bruce holds an MBA from the University of New Haven and a Bachelor of Science degree from the Massachusetts Maritime Academy.

About Our Presenter

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Capstan Tax Strategies is a professional services firm that provides engineering-driven tax strategies to commercial real estate owners and their CPAs.  Providing a wide range of services, including cost segregation studies, unit of property studies, and tangible property analysis, Capstan strives to optimize the tax efficiency of fixed assets and maximize accelerated depreciation.   Though headquartered in Jenkintown PA, Capstan has become the firm of choice for hundreds of clients from coast to coast.  Visit us at www.capstantax.com.