Webcast: Essential Depreciation and Expensing Update (XSTDP4117)
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Individuals, corporations, partnerships, LLCs, trusts, estates, and nonprofits all utilize two of the most often prepared tax forms -- Form 4562 -- Depreciation and Amortization, and Form 4797 -- Sales of Business Property. This course provides a quick dissection of both of these complicated forms. New to experienced tax preparers may utilize this manual for all tax returns/entities they prepare. This reference manual contains many examples and cases to illustrate the most important points CPAs

 Export to Your Calendar 8/3/2017
When: 08/03/2017
8:00 AM until 11:30 AM
Where: Webcast
SURGENT
TDP4-2017-01-WEBNR-215-01
United States
Presenter: Dennis Benvie, MS, CPA


Online registration is available until: 8/1/2017
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Acronym XSTDP4117
CPE 4 hours
Vendor Surgent
Category
Taxation
Level Intermediate
Prerequisite Basic knowledge of tax issues for property transactions
Adv Prep None
Yellow Book? No
Designed for 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
Member $139
CPA Non-Member $189

The Member rate applies to LCPA members, other 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.

Course Description

Individuals, corporations, partnerships, LLCs, trusts, estates, and nonprofits all utilize two of the most often prepared tax forms -- Form 4562 -- Depreciation and Amortization, and Form 4797 -- Sales of Business Property. This course provides a quick dissection of both of these complicated forms. New to experienced tax preparers may utilize this manual for all tax returns/entities they prepare. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.

Objectives

  • Fully understand two of the most commonly prepared tax forms
  • Understand assets from acquisition to disposition
  • Discuss cases highlighting some of the practical issues tax preparers face

Topics

  • Updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015, plus complete coverage of any recent tax acts and any legislation enacted before the presentation
  • Now that §179 depreciation rules are permanent, when will they change?
  • Detailed coverage of §179 expense election and how to maximize its use, when to use it, and what property qualifies?
  • Sale of property and the depreciation recapture rules (§§1245, 1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  • MACRS Depreciation -- finding the proper method, convention, and recovery period
  • What is “Listed Property” and what are the current limitations?
  • Amortization of start-up, organization, and other expenditures
  • New regulations on capitalization of tangible assets and procedures for automatic changes in accounting method associated with the new depreciation rules
  • AMT depreciation adjustments and how to avoid them
  • Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities