8:00 AM – 8:30 AM
Program Registration

8:30 AM – 8:35 AM
Hard Trends in CPA Practice Management, Real Estate & Construction
Impact of economy, interest rates, taxes, supply chain on U.S. real estate and construction. Real estate is top of mind for many of your peers and your clients. As the economy shifts, it’s never been more important to understand the array of complex tax provisions related to real estate and construction and how those provisions impact each other. You must also understand the unusual deadlines related to those provisions and the elections you advise your clients to take about those provisions. The ultimate benefit you provide is often determined by the timing and layering of these intricate provisions.
Rick Telberg – Editor in Chief, CPA Trendlines

8:35 AM – 9:00 AM
Cost Segregation and Beyond with Tangible Property Regulations
Tax-centric management relates to an enhanced awareness of planned strategies related to improvements, upgrades, and re-positioning of real estate assets. Here’s how to use an integrated team approach related to accelerated depreciation, Partial Asset Disposition, and expense treatment for certain assets to maximize benefits for your organization or clients. The Tangible Property Regulations have provided taxpayers with numerous opportunities of offer value and implement annual programs for analysis.
Greg Bryant –  Senior Managing Director, Source Advisors

9:00 AM – 9:25 AM
Gain Deferral Strategies Using 1031 Like Kind Exchanges and Opportunity Zones
Christian, an industry expert, will deconstruct the pros and cons of 1031s and Opportunity Zones in the current tax and real estate climate — and when to apply each method for maximum tax deferral. Thanks to soaring real estate prices, now is an excellent time to consider §1031 exchanges, as a tax deferral strategy. However, there are important timing and tax considerations to weigh. While the 10% basis step up provision expired on 12/31/21, the federal Opportunity Zone program remains one of the most powerful gain deferral strategies for holders of all kinds of appreciated assets – not just real estate. Thanks to a longer timeframe to identify a place to reinvest their gains, the OZ program remains a valuable lifeline for “blown” 1031 exchanges – you will learn why. Christian will also discuss how cost segregation can enhance the annual and overall IRR on OZ investments and how the total elimination of depreciation recapture after a ten-year holding period turns the depreciation expense into a permanent rather than a temporary tax savings.
Blake Christian, CPA/MBT – Partner, HCVT, LLC

9:25 AM – 9:35 AM

9:35 AM – 9:45 AM
Technical Reporting Requirements: 1031 Reset elections and a deeper look at reporting with 163j interest limitation, Form 3115 change of accounting method applications
When does it makes sense to reset the depreciable amount of investment property to a higher value that would provide a bigger tax benefit – and when it does not? The election of Section 163(j) can be a beneficial choice for real estate businesses that have a significant amount of interest expense and qualify to make the election, as it will allow taxpayers potentially to deduct more expenses than they would be able to deduct otherwise. Will also discuss biggest mistakes and misconceptions concerning role of Form 3115 (change in accounting method) when it comes to using cost segregation and other tax provisions for lookback to prior years.
Brian Coddington – Director of Tax Accounting Methods & Credits, Source Advisors

9:45 AM – 10:10 AM
Application of Tax Incentives for Cash Flow Related to Energy with 179D (including Primary Designers), 45L Tax Credits, ASHRAE Audits, and Green MIP
Experts will discuss tax incentives related to energy efficient commercial and residential buildings. EPAct 179D is a permanent provision that can benefit owners of newly constructed buildings or buildings with major renovations. For government owned buildings, the benefit can be allocated to the primary designer. For energy efficient residential properties, the developer can qualify for significant tax credits in the year the unit is first leased or if the home is sold. Pressure to lower operating costs and reduce our environmental footprint leaves us confused about how to do either. Often an ASHRAE audit can provide the data to know where to focus energy dollars to impact the bottom line. With interest rates rising, HUD financing offers special rate reductions for properties certified with a Green MIP study. Initial design can influence how we maximize these incentives and how we claim them.
Karen Koch, CPA, MT – Senior Director, Source Advisors
Imran Syed, P.E., LEED AP, CEM, HERS Rater – Senior Director, Energy Services, Source Advisors

10:10 AM – 10:35 AM
Structuring Entities and Real Estate Elections
Experts that structure and design these solutions for their clients, will give us firsthand examples of how to incorporate various elections and best entity structures to maximize benefits., An economic unit election is one of the most important decisions real estate investors and their advisors will make in the first year of a real estate asset. Learn what to do if the election is missed and when not to make it. Also understand the pros and cons of qualifying as a real estate professional for federal income tax purposes. The historic and low-income housing credits are critical incentives for real estate development projects. Learn how these incentives are used in projects and how they can close funding gaps in a project’s capital stack. See what a typical organizational structure looks like and how long investors must be involved in the projects.
Andy Ackerman, CPA, CVA – Partner, MCM CPAs & Advisors, LLP
Stephen Lukinovich, CPA, PFS, CVA – Partner, MCM CPAs & Advisors, LLP

10:35 AM – 10:45 AM

10:45 AM – 11:05 AM
Bundled Planning Opportunities for Capital Intensive Companies: Economic Incentive Procurement, Property Tax Review, and Cost Segregation to Maximize Future Benefits
Experts will explore how leveraging three areas – property tax, incentives, and asset segregation can bring significant benefits to your growing business. Special emphasis on state specific planning considerations and integrated planning can be used as a tool for maximum tax relief.
Karen Koch, CPA, MT – Senior Director, Source Advisors
Josh Malancuk, CPA, CMI – President, JM Tax Advocates

11:05 AM – 11:25 AM
R&D Tax Credits in the Construction Industry
This presentation will cover the basic concepts of the Research & Development Tax Credit and how those in the architectural, engineering, or construction services industry can qualify. Understand common misconceptions regarding R&D Tax Credits. We will cover R&D new rules for 2022. Presenters will also discuss various online software tools available for start-up or smaller companies.
Alex Pak – Director, Source Advisors
Max Vignola, CCSP – Director of Technical Sales, Source Advisors

11:25 AM – 11:40 AM
Turnkey Case Study – With Flowchart Demonstrating How Many of the Techniques Discussed Today Can Work Together
Using the concept of a team approach, you will learn the timing and layering of various provisions discussed in this conference.
Karen Koch, CPA, MT – Senior Director, Source Advisors

11:40 AM – 12:10 PM
Roundtable Q&A Session
Expert panel reconvenes to discuss your state-specific tax issues (and opportunities) related to real estate and construction.
Greg Bryant –  Senior Managing Director, Source Advisors
Brian Coddington – Director of Tax Accounting Methods & Credits, Source Advisors
Laurice Saba, CPA, MSA – Partner, Plante Moran
Jeremy Sompels – Cost Segregation Senior Manager – Tax Solutions, Plante Moran
Imran Syed, P.E., LEED AP, CEM, HERS Rater – Senior Director, Energy Services, Source Advisors
Max Vignola, CCSP – Director of Technical Sales, Source Advisors
Moderator: Karen Koch, CPA, MT – Senior Director, Source Advisors

12:10 PM
Program Adjourns