Essential Depreciation & Expensing Update (PM)

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Individuals, corporations, partnerships, LLCs, trusts, estates, and nonprofits all utilize two of the most often prepared tax forms -- Form 4562 -- Depreciation and Amortization, and Form 4797 -- Sales of Business Property. This course provides a quick dissection of both of these complicated forms. New to experienced tax preparers may utilize this manual for all tax returns/entities they prepare. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.




  • 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


  • 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

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Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:


4 CPE Credits
Tax: 4 Credits


Member Price:
Non-member Price:
    Register by November 29th for Early Bird Pricing.

    Registration is open through 12/12.

    Thursday, December 13th

    12:30pm to 4:00pm
    (Check-In 12:00pm)

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    Gratzer Education Center

    1735 Alliant Ave.
    Louisville, KY 40299

    Map and Directions


    John Kilroy