Complete Gudie to Depreciation [CGD Anc]

Aug 26, 2013
Time: 8-4

Subject:

Tax

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

John Connors, JD, CPA, LLM    more info

Prof. John J. Connors, J.D., C.P.A., LL.M.
As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at the
University of Notre Dame, graduating in 1980. After serving as an instructor in the School of Business
Administration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,
Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business in
Milwaukee, WI.
His professional background includes experience in income and estate tax planning, as well as individual,
partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse in
the Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters as
an international tax consultant for the Chrysler Corporation in London, England.
Prof. Connors currently conducts a national consulting practice designed especially for tax professionals based
out of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the Monthly
Tax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous tax
institutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization
& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along with
a brand new publication entitled “LLCs Taxed as Partnerships.”
As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overall
ratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of his
materials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by the
American Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-up
questions, a factor much-appreciated by those practitioners attending his seminars.

Prof. John J. Connors, J.D., C.P.A., LL.M.As an accounting graduate of La Salle University in Philadelphia, Prof. Connors went on for his law degree at theUniversity of Notre Dame, graduating in 1980. After serving as an instructor in the School of BusinessAdministration, he obtained his Masters of Law in Taxation at the University of Miami Law School in Coral Gables,Florida. He then served on the graduate tax faculty at the University of Wisconsin’s School of Business inMilwaukee, WI.His professional background includes experience in income and estate tax planning, as well as individual,partnership and corporate tax return preparation and research as a senior tax consultant for Price Waterhouse inthe Philadelphia and South Bend offices. Prof. Connors also worked on expatriate and corporate tax matters asan international tax consultant for the Chrysler Corporation in London, England.Prof. Connors currently conducts a national consulting practice designed especially for tax professionals basedout of Milwaukee, WI. He also publishes a tax newsletter devoted exclusively to practitioners entitled the MonthlyTax Update. He has been the outside editor for CCH’s Federal Tax Course, and has spoken at numerous taxinstitutes, workshops and conferences around the country. And, his “Complete Guide to Depreciation, Amortization& Transfers of Property - Issues, Strategies & Answers” is sold to tax practitioners throughout the U.S., along witha brand new publication entitled “LLCs Taxed as Partnerships.”As a nationally known speaker on a variety of tax topics, Prof. Connors has consistently earned average overallratings in excess of 4.7 (i.e., on a 5.0 scale) for his knowledge and presentation skills, as well as the quality of hismaterials. In 2013, he was selected to receive the Sid Kess Award for Excellence in Continuing Education by theAmerican Institute of CPAs. And, on any item that he has presented in his materials, he is available for follow-upquestions, a factor much-appreciated by those practitioners attending his seminars.

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Website registration for this course closes on August 25, 2013. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

2013 COMPLETE GUIDE TO DEPRECIATION, AMORTIZATION AND SALE OF PROPERTY- ISSUES, PLANNING AND ANSWERS

Date: August 26, 2013

Facility: AKCPA Office
341 West Tudor Rd. #105
Anchorage, AK 99503

The purpose of this comprehensive manual is to provide an in-depth analysis of the complex maze of rules dealing with depreciation, amortization, and the sales of such property. A special emphasis has been placed on identifying unique planning opportunities and pitfalls. This great reference manual is written in a very practical format and contains many examples and charts to illustrate the most important points accountants need to be aware of.

Major Topics:
The latest cases and rulings involving depreciation and amortization issues and how they impact clients, along with the most useful planning opportunities
Correctly handling depreciation on purchases and trade-ins of business vehicles
Using cost segregation studies to dramatically enhance your clients' write-offs
AMT depreciation adjustments and how to avoid them
Accounting for a change in use in the asset
Detailed coverage of the greatly increased 179 expense election and how to maximize its use;
When to use it; what property qualifies? Should 100% bonus depreciation be used instead for assets placed in service after 9/8/10?
How to calculate depreciation in a short tax year and upon the start-up of a business
Understanding 197 amortization issues; how to handle software & website costs
Are we correctly handling depreciation write-offs for retail, restaurant & personal service industries?
What are "distributive trades and services?" How do they differ from MACRS 7-year furniture & fixtures?
Sale of property and the depreciation recapture rules (1245, 1250, unrecognized 1250 gain for real estate, 291); goodwill write-offs need to be recaptured too!
Are we capitalizing "repairs" that could have been written off immediately? How do the new repair v. capitalization regs affect the immediate write-off of repairs?
Advanced depreciation issues, corporate liquidation, 754 basis adjustments, transfer to/from trusts, tax-deferred exchanges, personal property converted to business property, and more

Designed For: Accountants both in industry and public practice who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clients.

Level of Knowledge: Intermediate

CPE Credits: 8

Prerequisite: Experience in preparing Form 1065 and an understanding of basis partnership tax rules and regulations

Acronym: CGD

Discussion Leader: Professor John Connors
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