Essential Depreciation and Expensing Update Webinar

Sep 22
9:00 - 1:00 p.m.

Online

4-Tax
CPE Credits

The “permanent” changes within the Tax Cuts and Jobs Act may stand like a lion in the pathway of change, but Washington has a different definition of the word “permanent.” Inflation adjustments and technical corrections are included within this deep analysis of the complex maze of rules dealing with depreciation, amortization, and sale of property. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.
Highlights

Complete coverage of recent tax acts and any new legislation enacted before presentation
New technical correction Rev. Proc. 2019-13 -- use it or stand to lose second year depreciation deductions for luxury automobiles
Detailed coverage of §179 expense election and §168(k) bonus or “additional first-year depreciation” -- how to maximize them, definitions, limitations, what property qualifies, etc.
Sale of property and the depreciation recapture rules (§§1245, 1250, unrecaptured §1250 gain for real estate, §291 for corporations)
MACRS depreciation -- finding the proper method, convention, and recovery period
What is “listed property” and what are the current limitations?
Amortization of start-up, organization, and other expenditures
AMT depreciation adjustments and how to avoid them
Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. TDP4-2020-01-WEBNR-266-01

Level: Intermediate

Prerequisites: Basic knowledge of tax issues for property transactions

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Speaker(s)

Dennis Benvie

Surgent McCoy CPE LLC

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