Understanding Depreciation (DEPU)

Customer Rating
Field of Study
Taxes
Level
Intermediate
Credits
4
Qualifies For



Price:  $ 39.99

The “permanent” changes from the TCJA may stand like a lion in the pathway of change, but Washington has its own definition of 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 course contains many examples and cases to illustrate the most important points of which CPAs need to be aware.

Additional information

version

01

Credits

4

Format

On Demand

Pre-requistes:

Basic knowledge of tax issues for property transactions

Knowledge Level:

Intermediate

Major Topics:

  • MACRS depreciation – finding the proper method, convention, and recovery period
  • Listed property and the current limitations
  • Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with useful planning opportunities
  • Sale of property and the depreciation recapture rules (§1245, §1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  • Resolved technical glitches for qualified improvement property
  • AMT depreciation adjustments and how to avoid them
  • Detailed coverage of §179 expense elections and §168(k) bonus or additional first-year depreciation – how to maximize them, definitions, limitations, qualified property, etc.
  • Amortization of start-up, organization, and other expenditures

Learning Objectives:

  • Understand assets from acquisition to disposition
  • Complete and discuss cases highlighting some of the practical issues tax preparers face
  • Fully understand two of the most commonly prepared tax forms

Designed For:

CPAs in industry and public accounting who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clients

Customer Reviews

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P
Pamela N. (Wilmington, US)
Useful course

This course was very helpful and I have already found myself using what I learned to prepare, sort, and filter tables in Excel.

J
Jennifer S. (Foster, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)

L
Lauren V.D. (Montgomery Village, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)