Chapter Webinar: Top Tax Saving Opportunities from TCJA Updates, New Regulations & CARES Act
Topic: Top Tax Saving Opportunities from TCJA Updates, New Regulations & CARES Act
Objectives:The CARES Act was signed into law on March 28, 2020. It provides sweeping changes to the current tax law, providing many benefits and opportunities for taxpayers. The CARES Act includes changes to the tax treatment of business net operating losses (NOLs) for corporations and other taxpayers. Given the significant role NOLs can play in increasing cashflow and helping to mitigate financial distress, we will discuss several strategies that will provide an opportunity to generate losses for your real estate clients. We will be discussing strategies such as Cost Segregation, Tangible Property Regulations in 2020, Qualified Property, Bonus Depreciation, Sec. 179 Expensing, Sec. 263A(i) Exemption for Certain Small Businesses, & More. We will also focus on important dates that should be considered during the 2020 Tax Planning season for your real estate clients.
Date: December 15 Time: 9:30 - 10:30 (1 CPE offered to Nothern Chapter VSCPA members, $15 for guests)
Speakers:Ashley Sullivan, CCSP, Cost Segreation Manager, MS Consultants, LLC David Fabian, Director, MS Consultants, LLC