Capitalized Costs and Depreciation

Date: December 15, 2016 Time: 1:00 pm - 5:00 pm EST CPE: 4 Format: Webcast
EVENT DESCRIPTION

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations. Topics Discussed • Capital improvements and repair • Adjusted tax basis • Transfers of Property for an Ownership Interest • Salary and Self Employment Tax Issues • Depreciation methods • IRS tables • Allocations in Flow-through Entities • Tax Effects of S Corporation and Partnership Distributions

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 for tax purposes properly
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 §179 expensing
MAJOR TOPICS
Capital improvements and repairAdjusted tax basisTax depreciation and amortizationFirst year expensing-IRC section 179Depreciation methodsThe latest Revenue Procedures related to the final repair regulationsand form 3115, change in accounting method
EVENT DETAILS
CPE FIELD OF STUDY
Taxes (4 Credits)
INSTRUCTOR(S)
Peter Bunce
COURSE LEVEL
Basic
LOCATION
Online Webcast

MACPA MEMBER


$ (% off)
$159.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$199.00
Price includes $xx early registration discount(s) - expires xx/xx
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