1st Real Estate and Construction Conference

1st Real Estate and Construction Conference (RECC2017)

Thursday, December 14, 2017 / Washington, DC


Event Status: OPEN

Event ID: #RECC2017

CPE: 8.0 credits

Total Price: $325.00

Join us for our 1st Real Estate and Construction Conference. This conference is for professionals both in industry and public accounting firms. By attending this conference, you will gain the latest insights on current trends and hot topics, as well as advice and guidance on practical applications of skills and strategies that affect your role on a daily basis. Sessions will include:

• Accounting and Auditing Update (including Leases and Revenue Recognition)
• The Tax Bill in Reconciliation
• Contractor Financial Reporting and Disclosures
• DC Leasing Environment
• Tax Credits, Cost Segregation & Repair Regulation
• The Trust As Real Estate Professional: Tax Saving Opportunities after Aragona
• Understanding Bonding Requirements and interacting with a CPA
• Accounting & Taxation for Real Estate flow-through Entities

Thursday, December 14, 2017
8:00am - 8:30am

Registration and Breakfast

8:30am - 8:40am

Welcome and Announcements

8:40am - 9:55am

Accounting and Auditing Update (Leases and Revenue Recognition ) Credits: 1.5 AA

Robert A. Davidson, CPA
Davidson Consulting
Nashville, TN
• Overview and Trends
• GAAP & GAAS Update – Including, New Revenue Recognition and Lease Accounting Standards
• Healthy Contractor Benchmarks & Risk Assessment

9:55am - 10:10am


10:10am - 11:25am

The Tax Bill in Reconciliation Credits: 1.5 TA

Richard E. Morris, CPA, MST
EVP & Director of Tax Services / Councilor, Buchanan & Mitchell, P.C.
Bethesda, MD

11:25am - 12:15pm

Contractor Financial Reporting and Disclosures Credits: 1.0 AC

Robert A. Davidson, CPA
Davidson Consulting
Nashville, TN
• Review of Financial Reporting & Disclosure Requirements
• Completed and Uncompleted Contract Schedules (CIP/WIP)
• Contract Analytical Procedures – Fade/Gain, Overbilling, Risk
• Backlog Disclosure
• Significant Change in Contract Estimates Disclosure

12:15pm - 1:10pm


1:10pm - 2:00pm

DC Leasing Environment Credits: 1.0 SK

Roger Sola Sole
OTJ Architects
Washington, DC
Eric West
West, Lane & Schlager Commercial Real Estate
Washington, DC

The convergence of applied technology, new design standards, an overbuilt office market and the decreased presence of the Federal Government provides tenants in Washington, DC with a once-in-a-generation opportunity to reduce costs - for the next 10-15 years.    This session will discuss specific workplace trends, and how forward thinking organizations are implementing these trends to increase productivity and reduce annual real estate costs by up to 20%.

Session Highlights:
1. Learn about workplace trends and the office market landscape of the future 
2. Firsthand case studies on how organizations are implementing these trends to capitalize on their investment
3. How to benefit from these workplace trends, despite your lease expiration date

2:00pm - 2:50pm

Tax Credits, Cost Segregation & Repair Regulation (Including Tax Update in the DC Metro Area if any) Credits: 1.0 TA

Ross Alessandro
Partner / RSM US LLP
McLean, VA
Christopher Atwell, CPA
Senior Director / RSM US LLP
Baltimore, MD
Jeff Knapp
Senior Manager / RSM US LLP
Baltimore, MD

When issued in 2013, The IRS tangible property regulations provided a roadmap for taxpayers to follow in determining the proper treatment of all kinds of expenditures related to fixed assets. But getting the right answer for each situation can be difficult. And now with tax reform looming, there is more uncertainty. In our session, we will help you recognize opportunities to accelerate tax deductions and benefit your bottom line.

Session Highlights:
- We will help walk you through the tangible property regulations, including capitalization, depreciation and immediate deduction. 
- We will show the benefits of a cost segregation study to your bottom line 
- We will update you on the latest tax reform developments regarding depreciation and changing tax rates

2:50pm - 3:05pm


3:05pm - 3:55pm

The Trust As Real Estate Professional: Tax Saving Opportunities after Aragona Credits: 1.0 TA

Eric S. Fletcher, CPA
Principal / Thompson Greenspon
Fairfax, VA

The Tax Courts groundbreaking decision in Aragona Trust v Comm'r has created a new opportunity with respect to the treatment of trusts actively managing real estate investments. The purpose of this presentation will be to analyze the decision in Aragona and it's impact on material participation and real estate professional status for fiduciaries. I will also outline practical approaches consistent with Aragona and IRS rulings to minimize the impact of passive activity loss rules and the Net Investment Income Tax.

Identify how passive activity loss rules apply to trusts Determine the criteria for a taxpayer to have material participation Recognize special rules that apply to real estate and material participating real estate professional status.

Understanding Bonding Requirements and interacting with a CPA Credits: 1.0 AC

Scott E. Damiecki, CPA, CCIFP
Director / CohnReznick LLP
Bethesda, MD
Aldo Pasquariello, CIC
Executive Vice President / Insurance Associates
Rockville, MD

3:55pm - 4:45pm

Accounting and Taxation for Real Estate Flow-Thru Entities Credits: 0.5 AC / 0.5 TA

R. Bruce Buchanan, CPA
Partner, Tax Services / Cherry Bekaert
Rockville, MD

Our session will focus on taxation for real estate flow thru entities.  We will have sub-points for each of the major topics we will address, which are as follows:

·   Choice of entities for real estate rental properties
·   Depreciation decisions for purchased multi-family property
·   Tax implications to non-real estate professional investors and to real estate professionals

4:45pm - 6:00pm


Conference Site

National Association of Home Builders
1201 15th Street, NW
Washington, DC 20005

Standard Registration

$325 GWSCPA Members, $425 Non-Members


Cancellation by registrant / refund policy

If you are unable to attend a seminar or conference, please notify us as soon as possible.

The GWSCPA cancellation and refund schedule for offsite events is as follows:
100% refund minus $150 processing fee within 4 weeks (20 business days) of the event
75% refund within 3 weeks (15 business days) of the event
50% refund within 2 weeks (10 business days) of the event
No refund to be issued if cancellation is 9 business days, or less, of the event date
*Substitutes will be accepted, in writing to GWSCPA, up to 2 business days prior to the event date (see below for details).
* Non-member substitutes will be charged the fee difference if they are substituting for a member-discounted registration.

Refunds in the same form of tender as the original purchase minus the processing fee. Payments made by check will be refunded via check within 30 days of cancellation.

*Cancellations and/or substitutions must be submitted in writing and sent to Kari Bedell at:

2017 Real Estate and Construction Conference Sponsors






For more information on how to become a sponsor for this conference, please contact Kari Bedell: kbedell@gwscpa.org