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Capitalized Costs and Depreciation - Tax Staff Essentials Logo aicpa

  Dr. Shelley Rhoades-Catanach, Ph.D., CPA |   $159.00 - 199.00 |   CPE: 8.0 |   AICPA |   May 2020 |   Taxes |   AICPA Store
Who Will Benefit?
  • Public accounting staff and senior associates
  • Tax professionals in company finance or tax departments
Key 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
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.

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle.

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 CPE 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.

Course materials include the impact of the Tax Cuts and Jobs Act (TCJA) tax reform law as well as the technical correction issued in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Topics covered:
  • Tax: Technical: Tax accounting: Capitalization & depreciation, Foundational