Depreciating & Expensing Business Assets - 4 Hours
This program will address the most recent updates on tax depreciation resulting from the TCJA, highlighting new capitalization and depreciation rules. Planning opportunities and potential pitfalls will also be addressed.
Learning Objectives
Define the latest tax depreciation developments and special topics
Define and discuss planning tools and potential pitfalls
Major Topics
Recent tax legislation, rules, and developments related to capitalization and depreciation
Section 179, including 2022 inflation adjustment
Section 168(k) 100 percent bonus deduction
Depreciation of automobiles, including new luxury auto limits
ADS depreciation for electing farm and real estate business
Update on recent developments
CPE Credits Available
4
Total CPE
4
Taxes
Things to Know About This Course
Course Level
Intermediate
Prerequisites
Basic working knowledge of tax depreciation
Advanced Preparation
None
Intended Audience
CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules
