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Cost Segregation Software Tools & Tax Strategies
Taxes

COST SEGREGATION SOFTWARE TOOLS & TAX STRATEGIES

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 31, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCFO / Controller
CPA - small firm
CPA - medium firm
Enrolled Agent
Real Estate Professional
Series: Real Estate Taxation
Course Description

Cost Segregation is a tax savings strategy that appropriately classifies building component costs for federal tax depreciation purposes and facilitates "partial disposition" deductions. Using new online cost segregation software tools, tax preparers can generate these reports for smaller properties without hiring a third-party engineer. This course will demonstrate these new software tools and discuss tax planning strategies that can be implemented.

Learning Objectives:


  • Outline cost segregation software tools, including the Residential Cost Segregator™ and the KBKG Partial Disposition Calculator with live product demos

  • Determine how to generate cost segregation reports in 3 easy steps for residential rental properties with a purchase price of $500k or less (excluding land)

  • Identify how these tools can generate significant tax savings for clients and additional revenue for your firm

  • List tax considerations and tax planning strategies related to cost segregation

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Sumit Sharma, CCSP, ASA

KBKG
Principal – Cost Segregation
[email protected]
(877) 525-4462 x754

Kbkg

As a Principal, Sumit specializes in Cost Segregation and Fixed Assets in the northeast regional market. He joined KBKG as a Senior Manager in 2015. Based in New York City, Sumit has over 17 years of experience conducting fixed asset depreciation reviews, purchase price allocations, cost segregation studies, Section 179D energy efficient analyses, repairs/maintenance cost analyses, and pre-construction tax consulting services.

Prior to joining KBKG in 2015, Sumit worked for six years as a tax manager with PricewaterhouseCoopers in New York City with their Tax Projects Delivery Group providing similar value-add tax credits and incentive consulting services. Prior to PwC, Sumit’s experience also included five years at a boutique consulting firm in New Jersey where he was engaged in various tax fixed asset and cost segregation consulting projects including fair market valuation studies and machinery & equipment appraisals.

About Our Presenter

Kbkg
Established in 1999 with offices across the US, KBKG provides turn-key tax solutions to CPAs and businesses. By focusing exclusively on value-added tax services that complement your traditional tax and accounting team, we always deliver quantifiable benefits to clients. Our firm provides access to our knowledge base and experienced industry leaders. We help determine which tax programs benefit clients and stay committed to handling each relationship with care and diligence. Our ability to work seamlessly with your team is the reason so many tax professionals and businesses across the nation trust KBKG.