Bonus Depreciation and Cost Segregation + Latest Tax Updates 

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.  

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 

This webinar is hosted by MGI North America. It is open to all members and their staff. 

CPE Credit 

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. 

Level: Beginner/Intermediate 

Prerequisites: General Background in Accounting, Depreciation and Cost Segregation 

Advanced Preparation: None 

Field of Study: Taxes 

Speaker 

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. 

Professional Associations 

• 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) 

Contact: Malik S. Javed
Principal, Cost Segregation
KBKG
ASCSP Certified Member #C0138-10
877.525.4462 x751
malik.javed@kbkg.com