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Capitalized Costs and Depreciation Logo aicpa

  Free |   CPE: 6.0 |   AICPA |   12 Nov 2019 |   Taxes |   AICPA Store
Key Topics
  • Capital improvements and repair
  • Adjusted Tax Basis
  • Tax depreciation and amortization
  • First year expensing-IRC section 179
  • Depreciation methods
  • Form 3115, change in accounting method
Learning Objectives
  • Calculate the initial tax basis and adjusted tax basis of business property.
  • Recall how to determine the tax basis of self-constructed assets.
  • Distinguish between deductible repairs and capitalized improvements under new tax provisions.
  • Indicate the proper classification of expenditures for tax purposes.
  • Recall recent changes in the tax rules related to classification of expenditures.
  • Recognize deduction recognition issues related to amortization.
  • Recall fundamental points of the MACRS system of depreciation/cost recovery.
  • Recognize eligibility for immediate ยง179 expensing.

This webcast is part of the Tax Staff Essentials program.

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This webcast provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. You will explore important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations.

Webcast materials will include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Important Information on Your CPE Credit

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