Mobile Edition

Capitalized Costs and Depreciation: Key Issues and Answers (AICCD06)

Date:Wednesday, December 13, 2017
Time:10:00AM - 5:00PM
(Registration at 9:30PM )
Facility:Webcast or Webinar, Online
CPE Credit:6.0 Technical Business
Course Level:Basic
Early Bird Price:$159.00 FICPA Members, $199.00 Non-Members

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations. TOPICS DISCUSSED  Capital improvements and repair  Adjusted tax basis  Tax depreciation and amortization  First year expensing-IRC section 179  Depreciation methods  Form 3115, change in accounting method

When you complete this course you will be able to:  Calculate the initial tax basis and adjusted tax basis of business property.  Recall how to determine the tax basis of self-constructed assets.  Distinguish between deductible repairs and capitalized improvements under new tax provisions.  Indicate the proper classification of expenditures for tax purposes.  Recall recent changes in the tax rules related to classification of expenditures.  Recognize deduction recognition issues related to amortization.  Recall fundamental points of the MACRS system of depreciation/cost recovery.  Recognize eligibility for immediate 179 expensing.

Who Should Attend:
Public accounting staff and senior associates, tax professionals in finance or tax


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.