Webcast: Capitalized Costs and Depreciation (XACCD18)
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Gain a comprehensive and practical understanding of the complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules on depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. It also covers property-related timing issues and planning opportunities that can lead to significant tax savings for C Corps and S Corps. Course materials include the impact of the Tax Cuts and Jobs Act of 2017.

 Export to Your Calendar 5/29/2018
When: 05/29/2018
9:00 AM until 3:00 PM
Where: Webcast
AICPA
1613707:288DD4319CAD3110F12E61CB6BE6B28B
Louisiana
United States
Presenter: TBA


Online registration is available until: 5/27/2018
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Acronym XACCD18
CPE 6 hours
Vendor AICPA
Category
Tax
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Registration Fees
Members* $159
CPA Non-Members $199

*The member rate applies to LCPA members, other state CPA 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

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations. Course materials will include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Objectives

  • Calculate the initial tax basis and adjusted tax basis of business property
  • Determine the tax basis of self-constructed assets
  • Distinguish between deductible repairs and capitalized improvements under new tax provisions
  • Classify expenditures for tax purposes properly
  • Apply recent changes in the tax rules to classification of expenditures and tax result
  • Recognize deduction recognition issues related to amortization
  • Understand the fundamentals of the MACRS system of depreciation/ cost recovery
  • Recognize eligibility for immediate §179 expensing

Major Topics

  • Capital improvements and repair
  • Adjusted tax basis
  • Transfers of Property for an Ownership Interest
  • Salary and Self Employment Tax Issues
  • Depreciation methods
  • IRS tables
  • Allocations in Flow-through Entities
  • Tax Effects of S Corporation and Partnership Distributions

Note: Login instructions will be provided by the webcast vendor (AICPA).