CPE Course Surgent's Depreciation Rules for Bonus and Section 179 Expensing On-Demand Webcast
Location Webinar
Curriculum Taxation
Field of Interest
Level Beginning
Tax practitioners who anticipate advising clients with respect to depreciation of business property
Objective
- Understand the crucial provisions of the PATH Act, TCJA, and CARES Act
- Explain the implications of the CARES Act’s correction of QIP recovery period
- Understand the value of QIP as an indicator of Section 179-eligible property.
- Explain how strategies like Section 179 expensing, bonus depreciation, the tangible property regulations (TPRs), and Energy Incentives all contribute to a modern comprehensive tax strategy
- Understand the significance of the business deduction limitation and why taxpayers may choose to revisit that election under Section 163(j)
- Recognize how previously completed projects may be leveraged for additional value
- Use various tax strategies in a strategic manner to maximize cash flow
Highlights
- Bonus depreciation for acquisitions and construction
- History of qualified property categories and QIP
- The CARES Act and related Rev. Procs.
- Section 179 expensing
- Energy incentives
- The tangible property regulations
- 1031 exchanges
- Strategic hierarchy
Instructors
Prerequisites
A basic understanding of the tax rules relating to individual income tax
Developer
Surgent McCoy CPE, LLC