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Capitalized Costs and Depreciation: Key Issues and Answer (111W248A15)

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 Tax depreciation
and amortization First year expensing-IRC section 179 Depreciation
methods IRS tables

Learning Objectives
  1. Calculate the initial tax basis and adjusted tax basis of business property
  2. Determine the tax basis of self-constructed assets
  3. Distinguish between deductible repairs and capitalized improvements under new tax provisions
  4. Classify expenditures for tax purposes properly
  5. Apply recent changes in the tax rules to classification of expenditures and tax result
  6. Recognize deduction recognition issues related to amortization
  7. Understand the fundamentals of the MACRS system of depreciation/ cost recovery
  8. Recognize eligibility for immediate 179 expensing
Course Level
Basic
CPE Field of Study
Taxes
4
Location
Online
Event Information
When
Oct 30, 2015
9:00 am - 12:30 pm EST
Location
Online
Total CPE Credits
4
Format
Webcast Replay

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Capitalized Costs and Depreciation: Key Issues and Answer (111W248A15)


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