Depreciating & Expensing Business Assets

Description

This course will address recent tax legislation, rules, and developments related to capitalization and depreciation; Section 179 and 168(k) 100 % bonus deduction; Depreciation of automobiles, including new luxury auto limits; ADS depreciation for electing farm and real estate business.

*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 terri.storer@acpen.com

Highlights

	
• Recent tax legislation, rules and developments related to capitalization and depreciation
	
• Qualified improvement property
	
• Section 179, including inflation adjustments
	
• Section 168(k) 100% bonus deduction
	
• Depreciation of automobiles, including new luxury auto limits
	
• Rev. Proc. 87-57 and MACRS
	
• ADS depreciation for electing farm and real estate business
	
• Update on recent developments

Objectives

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

Designed For

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