Capitalized Costs & Depreciation - Tax Staff Essentials
Valid for one year from purchase date
Self-study - On-Demand
8 CPE (8 technical)
Course code: 26SI-0074
View pricing
If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
This updated course, reflecting changes under H.R. 1, P.L. 119-21 (the One Big Beautiful Bill Act or OBBBA), provides guidance on the tax treatment of property transactions by applying IRS cost and repair regulations to help professionals understand capitalized costs, depreciation, and related planning opportunities. Participants will review key rules involving tax basis, depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and timing considerations, along with recent legislative updates affecting Section 174 research and experimental expenditures and bonus depreciation. Designed for public accounting and tax professionals, the course builds practical skills in determining asset basis, distinguishing deductible versus capitalized costs, and applying MACRS and related tax provisions.
Major subjects
-
Tax basis of property acquisitions.
-
Initial basis of property acquired in an exchange transaction.
-
Materials, supplies, repairs and improvements.
-
Accounting method changes.
-
Depreciation: MACRS, Section 179 and bonus.
-
Intangible assets and amortization.
-
Organization and start-up costs.
-
Research and experimental expenditures.
Learning objectives
-
Recall the initial tax basis of business property, including those purchased and acquired in an exchange transaction.
-
Identify the tax basis of self-constructed assets.
-
Recall the tax treatment of expenditures for materials and supplies.
-
Distinguish between deductible and capitalized expenditures related to repairs and improvements.
-
Recall the fundamentals of modified accelerated cost recovery system (MACRS) depreciation.
-
Recognize which assets are considered listed property.
-
Identify intangibles that are subject to capitalization and amortization.
Who should take this program?
- Public accounting staff and senior associates and tax professionals in company finance or tax departments.
Pricing
|
Standard Member Fee |
$175.00
|
 Standard Nonmember Fee |
$220.00
|
MNCPA members save $45.00. Become a member.
Our records indicate
you are a
nonmember.
If you register, you will be charged
$220.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
