Tax Depreciation: How to Optimize Deductions

Overview

Following the ever-changing tax deprecation rules is not a game for the faint hearted! This course analyzes the current landscape of depreciating, capitalizing and disposing of business assets, with examples and illustrated case studies to enhance the CPAs understanding of the most current tax depreciation provisions.

*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

Objectives

• Identify recent tax provisions related to capitalization, depreciation, and disposition
• Apply tax depreciation tax rules to actual examples and case studies
• Discuss planning and potential pitfalls.

Highlights

• Recent tax legislation and developments related to depreciation and capitalization
• Eligible property for Section 179 and Section 168(k)
• Section 179 deduction and its use to depreciate real property
• Section 168(k) deduction and its use to depreciate real property
• Disposition of segments of real property
• Exchanges of tangible personal property after repeal of the like-kind exchange rules