Planning  Strategies  for  Auto  Dealerships

in  Transition,  Distress  &  Disaster  Areas

Date:  September 1, 2011 …   1 p.m. Eastern; 12 p.m. Central; 11 a.m. Mountain; 10 a.m. Pacific. 

        Unusual situations and circumstances have forced their way into many dealerships.  In addition to coping with all of the normal day-to-day challenges that dealerships must face, the threat - or actuality - of a loss of a franchise and/or the occurrence of a natural disaster present significant complications for which special tax provisions and/or strategies should be considered. 

Topics included …

        ·    Terminated dealerships & franchises:  writing off intangibles (franchise costs, goodwill, etc.)

        ·    Dealerships in disaster areas … Special rules for claiming losses due to involuntary conversions … Amended tax returns & other considerations … Application to a dealership’s current expansion plans.

        ·    Dealership net operating losses … Recent legislation offers strategic planning opportunities for timing carryback or carryforward years.

        ·    Coordination of depreciation & timing realization of net operating losses.

        ·    Maximizing (or strategically minimizing) depreciation benefits by the use of cost segregation studies, special 100% depreciation under Section 168(k)(5), bonus depreciation (Section 179) and other techniques.