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FORM 1041: UNIQUE ASPECTS TO TAX ACCOUNTING FOR TRUSTS AND ESTATES
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MISCLASSIFICATION OF WORKERS: THE BATTLE BETWEEN 1099 VS W-2
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TAXATION OF IRAs AT DEATH
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ESTATE PLANNING STRATEGIES FOR MEDIUM AND HIGH NET WORTH CLIENTS POST TCJA
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1099: BEYOND THE BASICS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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EARNED INCOME TAX CREDIT
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EDUCATION TAX BENEFITS
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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Free cpece webinars
A Comprehensive Tax Strategy in the CARES Era

A COMPREHENSIVE TAX STRATEGY IN THE CARES ERA

Cost Free
CPE Credits 1.0 hour
CE Credits 1.0 hour
Course Id# - HURS9-U-00551-19-O
Subject Area Taxes (Federal Tax Update)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites General Background in Accounting, Depreciation and Cost Segregation
Advanced Preparation None
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 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.

Frequently Asked Questions
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  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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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.