Tax Depreciation: How to Optimize Deductions
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
Following the ever-changing tax deprecation rules is not a game for the faint hearted! This course analyzes the current landscape of depreciating, capitalizing and disposing of business assets, with examples and illustrated case studies to enhance the CPAs understanding of the most current tax depreciation provisions.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Highlights
- Recent tax legislation and developments related to depreciation and capitalization
- Eligible property for Section 179 and Section 168(k)
- Section 179 deduction and its use to depreciate real property
- Section 168(k) deduction and its use to depreciate real property
- Disposition of segments of real property
- Exchanges of tangible personal property after repeal of the like-kind exchange rules
Prerequisites
Basic working knowledge of business taxation and depreciation expensing
Designed For
CPAs in public practice and members in industry
Objectives
- Identify recent tax provisions related to capitalization, depreciation, and disposition
- Apply tax depreciation tax rules to actual examples and case studies
- Discuss planning and potential pitfalls.
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steven C. Dilley, CPA, JD, PhD, is president of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a professor of accounting at Michigan State University, where he teaches tax accounting and has recently received two teaching awards. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, the American Accounting Association, AICPA, American Tax Association and Hawaii Association of Public Accountants.
Non-Member Price $139
Member Price $109