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Surgent Comprehensive Guide to Tax Depreciation, Amortization, and Property Transactions (TDAP16)
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 Export to Your Calendar 12/21/2016
When: 12/21/2016
8:30 AM until 4:30 PM
Where: Doubletree by Hilton Lafayette
1521 W. Pinhook Road
Lafayette, Louisiana 
United States
Presenter: Jonathan S. Ingber


Online registration is available until: 12/21/2016
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Acronym TDAP16
CPE 8 hours
Vendor Surgent McCoy CPE
Category
Taxation
Level Intermediate
Prerequisite Basic knowledge of tax issues for property transactions
Adv Prep None
Who should attend

CPAs in industry and public accounting who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clients

Registration Early Bird
(through 12/6)
Standard
(after 12/6)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Description

Seemingly every year, economic stimulus packages drastically change depreciation rules. The purpose of this course is to provide an updated in-depth analysis of the complex maze of rules dealing with depreciation, amortization, and sale of property, with an emphasis on identifying special planning opportunities and pitfalls. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.

Objectives

  • Understand which assets are subject to depreciation
  • Answer advanced §179 and automobile depreciation questions
  • Fully understand depreciation and MACRS cost recovery
  • Understand additional first-year depreciation
  • Understand installment sales and reacquisitions
  • Complete cases related to nontaxable transactions

Topics

  • Complete coverage of recent tax acts and any new legislation enacted before presentation
  • What are the components for real estate depreciation
  • Permanency in §179 depreciation rules? How to maximize its use; when to use it; what property qualifies?
  • Sale of property and the depreciation recapture rules (§§1245, 1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  • Segregating a loss on a building component replacement
  • How to depreciate like-kind exchange property, including luxury vehicles traded in
  • Reacquired installment sale property -- calculating potential gain and new basis
  • New regulations on capitalization of tangible assets and procedures for automatic changes in accounting method associated with the new depreciation rules
  • Understanding §197 amortization issues; how to handle intangible asset costs
  • AMT depreciation adjustments and how to avoid them
  • Depreciation issues, tax-deferred exchanges, personal property converted to business property, and overview of home sale exclusion
  • Guide for compliance and planning issues from Pre-ACRS, ACRS, and MACRS depreciation and amortization rules
  • Cases and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities

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Certified Public Accountants

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