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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
Capitalized Costs and Depreciation: Key Issues and AnswersCOURSE ID: CL4CCD
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.

DESIGNED FOR: Public accounting staff and senior associates, tax professionals in company finance or tax departmentsFIELD OF STUDY: TaxesLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: AICPACREDITS: 4.0OBJECTIVES:
  • Calculate the initial tax basis and adjusted tax basis of business property.
  • Recall how to determine the tax basis of self-constructed assets.
  • Distinguish between deductible repairs and capitalized improvements under new tax provisions.
  • Indicate the proper classification of expenditures for tax purposes.
  • Recall recent changes in the tax rules related to classification of expenditures.
  • Recognize deduction recognition issues related to amortization.
  • Recall fundamental points of the MACRS system of depreciation/cost recovery.
  • Recognize eligibility for immediate 179 expensing.
HIGHLIGHTS:

• Capital improvements and repair • Adjusted tax basis • Tax depreciation and amortization • First year expensing-IRC section 179 • Depreciation methods • Form 3115, change in accounting method

INSTRUCTOR
-TBD-
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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