Depreciation and Capitalization Guide: Optimizing Business Assets

Instructor

Doug
Van Der Aa

This presentation highlights the latest legislative changes affecting depreciation and capitalization rules, including inflation increases and Section 179 and 168(k) deductions. Planning and potential pitfalls will also be presented.

**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.

Learning Objectives

Identify the latest legislation and regulations regarding depreciation and capitalizing business assets
Identify planning opportunities and potential pitfalls

Major Topics

Recent tax legislation, rules and developments related to capitalization and depreciation
Capitalization of tangible property, including materials and supplies, building and improvements
Small taxpayer safe harbor
Section 179, including 2020 inflation adjustment
Section 168(k) 100% bonus deduction
Late bonus depreciation election
Qualified improvement property

CPE Credits Available

4 CPE Credits

4: Taxes

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules

Provider

ACPEN