This course will provide a fundamental understanding of the impact and integration of various strategies that can be used to maximize deductions for owners of commercial and residential real estate. The recently-released Tangible Property Regulations enable property owners to expense certain items based on a series of evaluations and thresholds. Additionally, these regulations provide guidance on retiring assets for tax purposes. Some of these important features are set to expire with 2014 tax filings. Additionally, the course will cover a summary of the expired tax incentives (for those on extension or who wish to amend returns). Designed for tax, accounting, and other professionals serving the real estate markets, the instructors will focus on the practical application of these rules and what it will mean as part of an effective tax planning strategy for the foreseeable future.