CPE Course Weighing in on the Section 179 SUV Deduction

October 16, 2017

10:00AM — 12:00PM

Location Webinar

Member Price $79.00
Non-member Price $109.00

Curriculum Taxation

Field of Interest

Level Intermediate

Designed For

*CPAs *Attorneys *Enrolled Agents

2.00 credits

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Objective

*Recognize correctly how the Consolidated Appropriations Act of 2015 made permanent amendments to Section 179’s 500,000 expense limitation and phase-out amounts

*Recognize correctly important tax planning distinctions between Section 179 100% depreciation and Section 168(k) bonus depreciation  

*Recognize the Section 280F statutory unloaded gross vehicle weight rating correctly refers to the vehicle’s curbside weight  

*Recognize correctly the Section 280F Treasury Regulations changed the curbside weight standard to simply a gross vehicle weight rating standard  

*Recognize correctly the IRS is bound by Treasury Regulations while the courts are not  

*Recognize the Treasury Regulations’ curbside/GVWR anomaly presents possible late year tax planning opportunities 

Highlights

*The Consolidated Appropriations Act of 2015, Sections 124 and 143  

*Important tax planning Section 179 100% depreciation and Section 168(k) bonus depreciation distinctions  

*The Treasury Regulation’s transformation of a statutorily imposed curb side weight limit to a gross vehicle weight rating  

*IRS is bound by the Treasury Regulation’s executive fiat

Instructors

Prerequisites

This webcast is an intermediate continuing education webcast.  

It is assumed the webcast participant has basic familiarity with Section 179 100% depreciation and Section 168(k) bonus depreciation.

Developer

ACPEN

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