On-Demand

4 CPE Credits

Surgent's Essential Depreciation and Expensing Update

On-Demand
4 CPE Credits

This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

This course offers a comprehensive analysis of the evolving rules surrounding depreciation, amortization, and property transactions, incorporating the latest inflation adjustments and technical corrections. It offers practical guidance through real-world examples and case studies to clarify complex rules and help professionals stay compliant and informed amid ongoing change.

Learning Objectives

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

Major Topics

  • New bonus depreciation and §179 changes under the One Big Beautiful Bill Act (OBBBA)
  • Resolved technical glitches for qualified improvement property
  • Detailed coverage of §179 expense elections and §168(k) bonus or additional first-year depreciation – maximizing deductions, definitions, limitations, and qualified property
  • Sales 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
  • Listed property and the current limitations
  • Amortization of startup, organization, and other expenditures
  • AMT depreciation adjustments and how to avoid them
  • Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with useful planning opportunities

CPE Credits Available

4 CPE Credits
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Individual Tax
  • Tax

Prerequisites

Basic knowledge of tax issues for property transactions

Advanced Preparation

None

Intended Audience

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

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 129 129
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  • COCPA Non-Member

    $ 168 168
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