August 29, 2017


In-Person

Troy University Dothan
500 University Dr, Dothan, Houston County, Alabama 36303-1695


4 Total CPE Credits

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Essential Depreciation and Expensing Update

  • Instructor

    John Evanich

Learning Objectives

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

Major Topics

  • Updated for impacts of the PATH Act of 2015, plus complete coverage of any recent tax acts and any legislation enacted before the presentation
  • Now that 179 depreciation rules are permanent, when will they change?
  • Detailed coverage of 179 expense election and how to maximize its use, when to use it, and what property qualifies
  • Sale of property and the depreciation recapture rules (1245, 1250, unrecaptured 1250 gain for real estate, 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
  • New regulations on capitalization of tangible assets and procedures for automatic changes in accounting method associated with the new depreciation rules
  • 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

CPE Credits Available

4
Total CPE
4
Taxes

Troy University Dothan

500 University Dr, Dothan, Houston County, Alabama 36303-1695

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Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

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

Provider

Surgent McCoy CPE

This event has ended.