CANCELLED: Capitalized Costs and Depreciation: Key Issues and Answers (111269-15)
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.
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 repair
Adjusted tax basis
Tax
depreciation and amortization
First year expensing-IRC section 179
Depreciation methods
IRS tables
Course Level
Basic
CPE Field of Study
Taxes
4
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US
