The Tax Cuts and Jobs Act of 2017: Impact on Real Estate and Construction

Dec 7, 2018 7:00am ‐ Dec 7, 2018 7:50am

Identification: COR18SS1

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017, marking the first comprehensive tax law reform since 1986. The TCJA brings new opportunities, as well as some challenges, to the commercial real estate and construction industries. This CPE will focus on several provisions of the Act that may further enhance the utility of a traditional cost segregation study and will explore applications of the TCJA in the construction industry.

Learning Objectives:

  1. Understand how the TCJA may broaden the scope of a cost segregation study for owners of real estate through changes in Bonus Depreciation, Qualified Improvement Property (QIP) and Section 179 Expensing
  2. Explain the significance of the date 9/27/17 in determining bonus rates for new construction projects and acquisitions
  3. Use a decision tree to determine whether property may be depreciated using MACRS class lives or must be depreciated under the Alternative Depreciation System (ADS)
  4. Understand the implications of the Interest Deduction Limitation 5. Understand how construction companies may leverage the TCJA

Surety

Dec 7, 2018 9:10am ‐ Dec 7, 2018 10:00am

Identification: COR1829

Surety can be challenging, maybe even mysterious. But it’s a competitive advantage for those who develop and nurture this important business relationship. This session will highlight some of the challenges and tips to meet those challenges. 

Attendees will learn: 

  1. Keys to developing and maintaining a supportive surety facility.
  2. This session will also explore ways in which CPA’s can help their clients manage a successful surety relationship.

Real Estate: Tax Legislative and Policy Outlook

Dec 7, 2018 9:10am ‐ Dec 7, 2018 10:00am

Identification: COR1830

Ryan McCormick will discuss the outlook for tax legislation and key tax regulations affecting U.S. real estate. The session will address how the recent election will likely influence tax policy in the months ahead, the prospects for changes to the Tax Cuts and Jobs Act, and other potential tax legislation. The session will also highlight critical regulatory questions still outstanding and the implications for real estate investment, as well as the advocacy efforts of The Roundtable and real estate industry in Washington. 

Key topics: 

  • tax reform 2.0
  • technical corrections
  • section 199A
  • section 163(j)
  • cost recovery
  • opportunity Zones

Learning Objectives: 

  1. Understanding of recent development and implications for real estate ownership and investment
  2. Understanding of potential changes to tax policy

Legal Lessons for DBE Contractors to Consider

Dec 7, 2018 10:25am ‐ Dec 7, 2018 11:40am

Identification: COR1831

This session wil cover Small Business Certifications - Pitfalls in MBE and DBE Certifications. 

You will learn:

  1. How to receive an MBE and/or DBE status certification
  2. How to successfully sell your MBE/DBE business or transition it to the next generation of owner operators and still maintain MBE/DBE status

Accounting and Auditing Panel

Dec 7, 2018 10:25am ‐ Dec 7, 2018 11:40am

Identification: COR1832

A panel of experts will answer questions regarding the challenging accounting and auditing issues in construction and illustrate ways to apply solutions to your clients and businesses.

Construction Contractor Tax Planning - 2018 and Beyond

Dec 7, 2018 10:25am ‐ Dec 7, 2018 11:40am

Identification: COR1833

This session will provide interactive review and discussion related to Construction Contractor's tax planning opportunities, tricks and traps. 

Will include implementation of industry specific issues and application of new tax law and current legislation.

  1. Participants will be updated on current tax planning issues for construction contractors.
  2. Participants will be able to inquire as to application and implementation of required rules and regulations.

The Future of Retail Real Estate

Dec 7, 2018 10:25am ‐ Dec 7, 2018 11:40am

Identification: COR1834

Hear from the financial executives from the largest retail REITS the major trends in retail real estate, including Omni Channel and Mixed Used Development. Retail real estate is evolving and we examine the trends. 

Learn about:

  1. Update on changes to the economics of retail real estate
  2. GAAP implications of the changes in retail real estate.

Implenting the New Leases Accounting Standard - Challenges and Best Practices

Dec 7, 2018 10:25am ‐ Dec 7, 2018 11:40am

Identification: COR1835

This session will highlight various considerations, challenges, and obstacles companies have faced in connection with implementing the new lease accounting standard and best practice observed in addressing these issues. 

Objectives:

  • Describe technical and operational challenges associated with implementing the new lease accounting standard.
  • Describe best practices observed by companies in addressing issues related to the new lease accounting standard.

The New Revenue Recognition Standard: Practical Implementation Panel (Repeat of Session 18)

Dec 7, 2018 12:40pm ‐ Dec 7, 2018 1:30pm

Identification: COR1837

Hear directly from Engineering & Construction CFO's and Controllers about the process they have followed in evaluating the effects of the new revenue recognition standard, and how they have worked with their auditors to ensure a smooth transition. 

Learning Objectives:

  1. To understand key elements of an effective implementation approach for the new revenue recognition standard
  2. To understand what requirements auditors have established to audit the implementation of the new standard

Tax Credits

Dec 7, 2018 12:40pm ‐ Dec 7, 2018 1:30pm

Identification: COR1839

This session will provide a discussion regarding current status of R&D Credit considerations for construction contractors. 

Learning Objectives:

  • Provide a deeper understanding of R&D tax credits.
  • Discuss audit issues and considerations related to R&D tax credits.
  • Provide further insight and tools for contractors in capturing better documentation to support the R&D tax credits.