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Repair Regulations: 2017 Update (REPR) (SUREPR04)

 
Date:Wednesday, January 24, 2018
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: Michael J. Tucker
Vendor:Surgent McCoy
Course Level:Intermediate
Early Bird Price:$89.00 FICPA Members, $119.00 Non-Members

Description:
The repair regulations continue to be a particularly challenging area for tax practitioners. Though technically challenging, they also present very attractive opportunities to take large deductions when new property is acquired and existing properties are repaired. This program discusses the major components of the repair regulations, focusing on the areas that are most important to general tax practitioners with a variety of business clients.

Objectives:
  • Understand and apply the final repair regulations to clients


Major Topics:
  • Materials and supplies
  • What is a Unit of Property?
  • Rotable, temporary, and standby emergency spare parts
  • Dispositions of property and their tax consequences
  • Demolition of a structure
  • Mandatory and elective partial dispositions
  • De Minimis Safe Harbor
  • Safe Harbor for small taxpayers
  • Routine maintenance safe harbor
  • Improvement Tests: Betterments, Restorations, and Adaptations to a new and different use 


Who Should Attend:
Tax practitioners advising clients as to whether expenditures relating to the acquisition and maintenance of tangible property must be capitalized or may be expensed

Prerequisite:
An understanding of the tax rules relating to individual income tax

Advanced Preparation:
None

Session/Options

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

Registration Status: OPEN