The rules around bonus depreciation and cost segregation have shifted again—this time under the newly enacted One Big Beautiful Bill (OBBB)—and the implications are big for tax planning and depreciation strategy. This webinar is designed to bring clarity to the evolving treatment of Qualified Improvement Property (QIP), review the current rules for bonus depreciation, and outline how cost segregation studies can be used to maximize deductions and even correct missed opportunities from prior years.
We’ll cover what’s changed under OBBB, how it builds on (or overrides) previous provisions from the CARES Act and TCJA, and what it means for property owners, developers, and tax professionals going forward. This is a must-attend session if you're looking to generate accelerated losses, offset income, and reduce tax liability—fast.
Your clients are also welcome to attend — simply share this LINK for them to register.
Learning objectives
Key updates from the One Big Beautiful Bill (OBBB) that affect bonus depreciation and QIP
A refresher on bonus depreciation criteria and applicable property types
Understanding Qualified Improvement Property (QIP) and its evolving definitions
How to retroactively correct and accelerate missed depreciation using cost segregation
Strategic planning opportunities to create or increase current-year deductions and NOLs
MGI North America members in the U.S. will earn 1.0 CPE credit for attending the entire webinar, answering live polls, and completing the Evaluation Form.
Program level: Beginner/Intermediate
Prerequisites: General background in accounting, depreciation and cost segregation
Advanced preparation: None
Field of study: Taxes
Principal, Cost Segregation, KBKG
Malik S. Javed is a Principal and oversees engineering operations for Cost Segregation projects at KBKG. He is a Certified member of the American Society of Cost Segregation Professionals (ASCSP) and is currently a member of the ASCSP Technical Standards Committee. Since joining KBKG in 2004, Malik S. Javed has performed thousands of Cost Segregation studies for clients in various industries, regularly reviewed architectural and engineering drawings and construction cost budgets. He has provided continuing professional education to hundreds of CPA’s across the country on various real estate tax issues. Malik S. Javed has also successfully represented KBKG’s clients in an IRS audit.
Prior to joining KBKG, Malik worked as a Resident Engineer in Construction Management at PEPAC. He was responsible for the overall performance and quality of work; including the verification of bills, estimates, and claims, as well as supervising the construction of buildings in accordance with design and specifications.
Malik earned his Bachelor of Science degree in Civil Engineering and a Master's of Science degree in Engineering Management from California State University, Northridge.
Phi Beta Delta Honorary Society – Member 2003
American Society of Civil Engineers
Real Estate Roundtable - Associate Council Member (2019 - Present)
American Society of Cost Segregation Professionals:
• Board of Directors (2015 - 2017)
• Technical Standards Committee Member (2010 - Present)
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