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Capitalized Costs and Depreciation (2020)

Description

From acquisition to disposition, capitalized costs and depreciation can be challenging to understand. Developed to help you gain significant tax savings for your clients, this self-study course offers a comprehensive and practical understanding of the IRS cost and repair regulations dealing with property transactions. Also analyzed in this course are the rules for depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and important property-related timing issues and planning opportunities.

Learning Objectives

Calculate the initial tax basis and adjusted tax basis of business property. -Determine the tax basis of self-constructed assets. -Distinguish between deductible repairs and capitalized improvements under new tax provisions. -Classify expenditures properly for tax purposes. -Apply recent changes in the tax rules to classification of expenditures and tax result. -Recognize deduction recognition issues related to amortization. -Understand the fundamentals of the MACRS system of depreciation/cost recovery. -Recognize eligibility for immediate Section 179 expensing.

Major Topics

Tax basis of property acquisitions

-Initial basis of property acquired in an exchange transaction

-Materials, supplies, repairs, and improvements

-Accounting method changes

-Depreciation: MACRS, Section 179, bonus

-Intangible assets and amortization

-Organization and start-up costs

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Practitioners
Tax
CPE Field of Study
TBD
Who Should Attend

Public accounting staff and senior associates
Tax professionals in company finance or tax departments

Instructor(s)
Shelley Rhoades
Prerequisites

None

Advanced Preparation

None

Location
Online
Event Information
When
Jun 24, 2020
10:00 am - 4:00 pm EDT
Location
Online
Total CPE Credits
6
Format
Webcast Replay

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$219.00

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$269.00
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Capitalized Costs and Depreciation (2020)


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