About the Course
Introduction
This webinar will analyze the requirements for qualified production property (QPP) for tax professionals and manufacturers to capitalize on the tax-savings opportunities provided by the One Big Beautiful Bill Act (OBBBA). Our panel of knowledgeable federal income tax experts will review the requirements for QPP and highlight common errors in identifying and expensing QPP.
Description
One of the primary benefits of the OBBBA is the permanent extension of 100% bonus depreciation. While TCJA assigned qualified improvement property a 15-year life, making it eligible for bonus depreciation under IRC Section 168(k), bonus depreciation was scheduled to be lowered to 20% in 2026. The OBBBA permanently increased bonus depreciation to 100%. The permanency of the full deduction allows owners of QPP to plan for future substantial tax savings.
The qualification requirements for QPP in the new IRC Section 168(n) include that the property be:
• Used by the taxpayer as an integral part of a QPP activity
• Placed in service in the United States or any possession of the United States
• Constructed after Jan. 19, 2025, and before Jan. 1, 2029
Perhaps as critical as knowing the qualifications of QPP is knowing what property does not qualify. Portions of the property used for administration and tenant allowances are excluded. Tax professionals working with real estate businesses need to thoroughly understand the eligibility requirements and benefits of this new expanded deduction.
Listen as our panel of real estate professionals discusses the tax-saving opportunities available for QPP after OBBBA, eligibility requirements, and electing bonus depreciation for these properties.
Presented By
Mr. Barnes is a partner on the cost segregation team with expertise in the engineering approach of cost segregation for both new construction projects and purchased properties. His understanding of construction finances and his ability to analyze construction documents are important assets in the process of cost segregation projects. Mr. Barnes experience also includes Section 263A repair versus capitalization review tangible property studies and Section 168 fixed asset disposal studies. He has years of experience adjusting the timing of deductions to provide clients with tax savings. Prior to joining Wipfli, Mr. Barnes helped lead a cost segregation practice at a regional CPA firm. He specializes in various industries including commercial real estate, hotel and convention, retail and wholesale, manufacturing, food processing, health care, residential, and auto dealerships.
Ms. Demorizi founded illumina CPA Group after a distinguished 20+ year career with Deloitte and PwC, serving leading private equity and venture capital firms, Fortune 500 companies, private companies, and high-net-worth individuals across the US and globally. Her vision for the company is to play a crucial role in helping middle-market businesses navigate the often complex world of taxation, especially with the added layers of cross-border and international considerations, and to bring practical strategies and solutions throughout the entire lifecycle. Ms. Demorizi's core competencies span various disciplines: US and international tax planning and reporting, M&A deal structuring and tax due diligence, fund and management company structuring, global structuring for private and public companies, supply chain/value chain transformation, Pillar Two assessments, income tax provision/ASC 740, and tax planning for high-net-worth individuals.
-
BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
Date + Time
- event
Tuesday, February 10, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Qualified production property: introduction
II. History of QPP
III. QPP defined
IV. Qualifying activities
V. Property that is not QPP
VI. Impact of OBBBA
VII. Section 179
VIII. Electing bonus depreciation
IX. Cost segregation
X. Examples
The panel will cover these and other critical issues:
- Impact of OBBBA on QPP
- Specific examples of what is and is not QPP
- Defining qualified production activities
- Section 179 vs. Section 168(k) expensing
Learning Objectives
After completing this course, you will be able to:
- Determine how the OBBBA impacts nonresidential real estate
- Identify QPP
- Ascertain specific property that does not qualify as QPP
- Decide how cost segregation studies are used for QPP expensing
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of corporate taxation, including taxation of businesses, accounting methods, net operating losses and loss limitations; familiarity with net operating loss carry-backs and carry-forwards.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
Related Courses
Qualified Production Property: OBBBA Bonus Depreciation, Eligible Property, Qualifying Activities
Tuesday, February 10, 2026
1:00 p.m. ET./10:00 a.m. PT
