Cost Segregation

Utilize the Cost Segregation strategy to save your small business some tax money.

40
Hrs
Mins
Secs
6
0
50
SEGMENTS DURATION
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INSTRUCTOR

Heidi Henderson

Heidi Henderson and Kim Lochridge work together to teach the Cost Segregation class. They are the Executive Vice Presidents of Engineered Tax Services (ETS) and have over 25 years of tax and accounting experience in the Real Estate Finance, Development, Construction, and Commercial Property Areas. Heidi is a consultant to business owners and investors to ensure tax efficiency, and optimization of federal, state and local incentives throughout the US. and holds a Master’s of Science in Accounting, an Undergraduate degree in Business and Accounting and personally invests in Real Estate. Kim possesses a powerful combination of real-world business management skills, with a fundamental understanding and practical application of tax codes as they relate to real estate, and energy efficiency incentives.

Description:

Cost Segregation is a useful and effective strategy that can be employed by business owners to save them thousands of dollars. Kim and Heidi start with the basics of cost segregation history and the process of depreciation. They inform learners about tax laws and how they may or may not apply to you, even including some case studies as examples. Our brilliant instructors will discuss the differences between Repairs and Improvements, with the money-saving details you need to know. They will introduce the world of Energy Incentives and finish up by explaining the opportunities involved with Conservation Easements. By the time Kim and Heidi have presented their course, you will be amazed and enthralled at how much this simple process can improve your small business finances!

  • 1

    Pre-Assessment

    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 2

    Instructor Introductions and Background

    Heidi Henderson & Kim Lochridge have over 20 years of experience and knowledge, specializing in Cost Segregation, the reallocation of assets to save tax dollars.

  • 3

    Instructor Background, Continued

    Our instructors share some of their background and personal motivation, from accounting and employment to board positions and real estate investing.

  • Show all 40 segments

    • 4

      Course Overview and The History of Cost Segregation

      Learn how politics and tax laws have evolved and transitioned to affect the Cost Segregation we use today.

    • 5

      The History of Cost Segregation, Continued

      What are the differences between Depreciation, Expenses and Cost Segregation?

    • 6

      Depreciation Example

      Kim and Heidi use an example to demonstrate the calculation of depreciation and it's direct effect on taxes owed.

    • 7

      The Useful Life for Real Estate

      Kim explains the differences between real and personal properties and how the expected life of an asset is determined.

    • 8

      Passive Vs. Active Participation

      Material or Active participation can drastically change the way you structure your legal entities, especially for real estate professionals.

    • 9

      Passive Vs. Active, Continued

      A useful chart explains the breakdown for active and passive income, as well as expenses.

    • 10

      Passive Vs. Active Question & Answer and Video

      The amount of time and percentage of ownership are two factors that affect whether income is passive or active.

    • 11

      Line Item Depreciation

      Our instructors show how assets can be divided in order to depreciate them on different, more realistic, timelines.

    • 12

      Real Property Vs. Personal Property

      Definitions and lists of both personal and real property  are presented, and the necessity of having an engineer assist with the appropriate property division.

    • 13

      Personal Property Example

      The instructors involve the live class in a discussion of which elements in a room may be classified as personal property.

    • 14

      Personal Property Question and Answer

      How is cost segregation handled by tenants and owners, when both have invested in an asset?

    • 15

      The Benefit to the Seller

      Kim discusses the tax benefits of a seller who has fully depreciated their personal property.

    • 16

      Three Methods for Land Valuations

      Learn the difference between Tax Assessed Value, Appraised Value and Reasonable percentage, and which one you should use.

    • 17

      Depreciation Method Comparison

      Charts and graphs clearly demonstrate the financial profit of cost segregation.

    • 18

      Benefits of Cost Segregation

      More than just accelerated depreciation, there are multiple reasons that it's wise to use cost segregation.

    • 19

      IRS Preferred Method and Reclassification by Property Type

      Our instructors share average reclassification percentages by property type, clarifying the amount of personal property, land improvements and real property.

    • 20

      Case Study

      A real example includes details, numbers and charts that are used by a business with the cost segregation study.

    • 21

      Case Study and When Does it Apply

      Our instructors discuss using a Change of Accounting Method to reconcile past and current appreciation.

    • 22

      Bonus Depreciation

      Learn how a recently passed law can positively affect your taxes and finances.

    • 23

      Amend and Audit

      Cost Segregation is an IRA Approved Amendment Method, meaning it will not raise any red flags when applied.

    • 24

      Idaho Case Study

      Our instructors take a look at a specific property and walk through the information gathering and analysis process.

    • 25

      Idaho Case Study, Continued

      More details and numbers from the example demonstrate the significant differences and savings to the owners.

    • 26

      IRS Scrutiny

      Why does the IRS prefer companies to use cost segregation? Heidi explains the logic and motivation.

    • 27

      What Your CPA Needs from You and Audit Technique Guidelines

      Questions from the audience are addressed and answered about when and how it is necessary to utilize professional cost segregation engineers.

    • 28

      The Time Value of Money

      Understand how you are able to use your money more profitably, even though the exact dollar amount of depreciation remains the same.

    • 29

      1031 Exchanges and Planning Strategies

      Our instructors tie two tax strategies (cost segregation and 1031 exchanges) together for the most benefit.

    • 30

      Questions to Ask Your CPA

      What should you consider when choosing a CPA and a Cost Segregation professional?

    • 31

      2018 Tax Laws

      The recently passed tax laws are discussed, noting how they affect real estate investing and cost segregation.

    • 32

      2018 Then and Now

      Bonus depreciation is covered in depth, with a specific example to show the differences.

    • 33

      Repair and Maintenance

      Repair, Routine Maintenance and Improvements each have different effects on your taxes. Our instructors provide the details you need to know.

    • 34

      Pulling It All Together

      How are itemized tax deductions like Cost Segregation? Kim explains and analogy that supports the use of Cost Segregation.

    • 35

      Energy Efficiency and 45L

      Laws and credits that deal with the use and addition of energy efficient fixtures and components in real estate investments are discussed.

    • 36

      Conservation Strategies

      In an effort to preserve land for the future of our country, the government has provided options for land owners that can profit them now and protect land from future development.

    • 37

      Conservation Strategies, Continued

      Kim shares details about doing conservation easements correctly, and discusses the potential downsides of using them.

    • 38

      Case Study Investment Opportunity And What to Watch For

      Learn how you can increase your tax credits by investing in Conservation Easements.

    • 39

      Offers Contact Information and Final Thoughts

      Kim and Heidi wrap up the class with discount offers to Renatus community members and an offer of assistance.

    • 40

      Post-Assessment

      This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.

  • 40

    Post-Assessment

    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.