Monday, June 18, 2018 – Monday, June 18, 2018 | 8:00am – 4:30pm

Real Estate Conference

The start date for this course has passed. Registration is no longer available.

Agenda

8:00 – 8:20 a.m. 

Breakfast and Registration

 

8:20 – 8:30 a.m. 

Welcome and Opening Remarks

 

8:30 – 9:30 a.m. 

Current Developments in Real Estate in Boston

Michael Christopher, deputy director, Development Review and Government Affairs, Boston Planning and Development Agency

 

9:45 – 10:00 a.m. 

Networking Break

 

10:00 a.m. – 12:00 p.m.  

Impact of Tax Reform on Real Estate

Brian Hardy, CPA, EY

Jenna Lewis, CPA, EY

In this session, we’ll discuss tax reform and its impact on the real estate industry. It will focus on key tax provisions signed into law with the Tax Cuts and Jobs Act that impact businesses and individuals investing in real estate reform, with specific emphasis on what clients and tax practitioners should know going forward.  Specific tax topics related to real estate will include:

  • Cost Recovery Periods and Expensing;
  • Limitation on business interest;
  • Corporate Income Tax – Rate Change/Net Operating Losses;
  • Carried Interest;
  • Qualified Business Income Deduction;
  • Excess Business Losses; and
  • Other Significant Matters.

 

12:00 – 12:45 p.m. 

Lunch

 

12:45 – 2:00 p.m. 

Beyond Bitcoin: Blockchain as a Real Estate Game-Changer

Steve Weikal, MIT Center for Real Estate

Alexandra Levin Kramer, Esq., partner, founding chair, Blockchain Technology & Digital Currency, CKR Law

Mark DiMichael, CPA, ABV, CFF, CFE, director, Citrin Cooperman

Gabriel Friedlander, co-founder & board member, ObeserveIT

 

 MIT Technology Review asserts that “blockchain is to transactions what the Internet was to information,” which proposes the question…what does that mean for real estate? In this session, you’ll get an overview of what blockchain is, how it works and what it enables. We’ll learn from people who are working in the space, about trials and applications currently underway, and also cut through the hype to better understand the promise and power of this exciting new technology, especially as it relates to real estate.

2:00 – 2:15 p.m.

Networking Break

 

2:15 – 3:30 p.m.

Concurrent Sessions (choose one)

 

New Lease Accounting Standard – Are You Ready?

Al Erdmann, CPA, CGMA, WithumSmith + Brown, PC

In this session, we’ll discuss ASU 2016-02, Leases (Topic 842), cover the key terms, provide implementation examples and discuss the potential impact it may have on negotiating future leases. We’ll also comment on expanded disclosures required under the new standard.

 

IRC §1031 Exchanges…More Beneficial Than Ever

Patty Flowers

In this session, we’ll discuss the structure, economics, risks and benefits of like-kind exchanges to build a working knowledge for those in corporate, business strategies, real estate, tax, estate planning and wealth management practices. We will use real-world examples to break down the regulations, mechanics and time frames and review the most common partnership/LLC issues and solutions and reverse and improvement/build-to-suit exchanges. As an advisor, you will gain an invaluable resource and be able to spot a 1031 situation, creating opportunities for you and your clients.

 

                                                                                                                                                      

 

3:40 – 4:55 p.m.

Concurrent Sessions (choose one)

 

TCJA Greatly Enhances Cost Segregation Studies

Phil Mann, CPA, MS Consultants

Jeff Hiatt, MS Consultants

The Tax Cuts and Jobs Act (TCJA) and finalization of the tangible property regulations have created substantial tax planning opportunities for real estate owners along with an enormous amount of complexity. In this seminar, we’ll discuss the use of various tax strategies that can be implemented using the TCJA, cost segregation studies, the tangible property regulations, including the expanded de minimis election, bonus depreciation, like-kind exchanges, 179 expensing elections and more!

 

 

 

The New Landscape of Accounting for Real Estate Transactions

Laura Lynch, CPA, PwC
John Wayne, CPA, PwC

In this session, we’ll discuss accounting for real estate sales under the new framework resulting from the adoption of ASC 610-20 (the new derecognition of non-financial assets standard) and ASC 606 (the new revenue standard). We will compare and contrast that accounting with the accounting under the prior real estate sales model within ASC 360-20 (previously FAS 66), as well as the interplay with the FASB's definition of a business project. The discussion will span each of the four buckets in the new sales framework: 1) sales of real estate considered businesses; 2) sales to customers; 3) equity method investments; and 4) sales to non-customers, and what that means for partial sales. 

Sponsors

Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$319.00
MSCPA Member
$319.00
AICPA Member
$399.00
Non-Member
$399.00

Conference Cost

You pay
$399.00
MSCPA Members save $80.00 on this course. Login or Join to take advantage of these savings.

The start date for this course has passed. Registration is no longer available.