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22WS-1237: Surgent's Essential Depreciation and Expensing Update (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Friday, December 16, 2022
Time 12:30pm - 4:00pm
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Specialty
credits
4.0 IRS CE approved
Instructor Michael Frost, CPA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $159.00
Standard Nonmember Fee $159.00

Description

The "permanent" changes within the Tax Cuts and Jobs Act may stand like a lion in the pathway of change, but Washington has a different definition of the word "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. With three major acts passed in less than 18 months (CARES Act, Tax Relief Act, and American Rescue Plan Act), this reference manual contains many examples and cases to illustrate the most important points of which CPAs need to be aware.

Who should take this program?

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

Major subjects

  • Complete coverage of recent tax acts and any new legislation enacted before presentation
  • Resolved technical glitches for Qualified Improvement Property
  • Detailed coverage of Section 179 expense election and Section 168(k) bonus or "additional first-year depreciation" -- how to maximize them, definitions, limitations, what property qualifies, etc.
  • Sale of property and the depreciation recapture rules (Section Section 1245, 1250, unrecaptured Section 1250 gain for real estate, Section 291 for corporations)
  • MACRS depreciation -- finding the proper method, convention, and recovery period
  • What is "listed property" and what are the current limitations?
  • Amortization of start-up, organization, and other expenditures
  • AMT depreciation adjustments and how to avoid them
  • Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities

Learning objective(s)

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

Notes:

Course code Code 22WS-1237
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Basic knowledge of tax issues for property transactions
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.