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A Comprehensive Tax Strategy in the CARES Era

A COMPREHENSIVE TAX STRATEGY IN THE CARES ERA

Cost Free
Presentation Length 1.0 hour

Recorded DateSeptember 24, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) corrected the recovery period of Qualified Improvement Property (QIP) to 15 years.  This has tremendous implications and will play a large role in a modern comprehensive tax strategy.  In this session, we will examine the historical treatment of Qualified Property Categories and focus on the current status of QIP under the CARES Act.  We will also explore other strategies that may be part of a comprehensive tax strategy and will discuss a strategic hierarchy for employing those strategies most successfully. Relevant Rev. Procs. and several real-life case studies will be reviewed.

Learning Objectives:


  • Recall the history of Qualified Property Categories.

  • Explain the implications of the current status of QIP under the Tax Cuts and Jobs Act (TCJA).

  • Recognize legislative efforts in place to encourage correction of QIP status.

  • Determine the value of QIP as an indicator of Section 179-eligible property.

  • Explain how strategies like Section 179 Expensing, Bonus depreciation, and the Tangible Property Regulations (TPRs) may be used even without Bonus-eligible QIP.

  • Compare and contrast Bonus and Section 179.

  • Use various tax strategies in a strategic manner to maximize savings.

  • Identify the recent updates to the TCJA WBC and bonus rules.

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As a founding partner at Capstan Tax Strategies, Bruce Johnson works closely with commercial real estate owners, investors, and accounting firms to provide practical, creative, and client-specific 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 TCJA and the CARES Act. Bruce has a particular interest in energy-efficient building incentives and sustainability. 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.

About Our Presenter

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Capstan Tax Strategies is a professional services firm that helps CPAs and commercial real estate owners navigate Tangible Property and Fixed Asset Regulations and maximize the tax benefits of real estate holdings.