Compreh. Guide To Tax Deprec., Expensing & Prop. Trans. Webcast [TDAP]

Sep 16, 2020
Time: 8:30am - 4:00pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

Susan Smith, CPA    more info

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master's taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Smith is a two-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

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Website registration for this course closes on September 15, 2020. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Surgents Comprehensive Guide To Tax Depreciation, Expensing & Property Transactions Webcast (TDAP)

September 16th, 2020

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

The permanent changes within the Tax Cuts and Jobs Act may stand like a lion in the pathway of change, but Washington has a different definition of the word permanent. Inflation adjustments and technical corrections are all included within this in-depth analysis of the complex maze of rules dealing with depreciation, amortization, and sale of property. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.

Major Topics:
-Complete coverage of recent tax acts and any new legislation enacted
before presentation
-New technical correction Rev. Proc. 2019-13 -- use it or stand to lose
second-year depreciation deductions for luxury automobiles
-What are the components for real estate depreciation?
-A new SUV or sedan, a study of depreciation alternatives
-Permanency in 179 depreciation rules? How to maximize its use; when to
use it; what property qualifies?
-Sale of property and the depreciation recapture rules (1245, 1250,
unrecaptured 1250 gain for real estate, 291 for corporations)
-How to depreciate like-kind exchange property
-Reacquired installment sale property -- calculating potential gain and new
basis
-Understanding 197 amortization issues; how to handle intangible asset
costs
-Depreciation issues, tax-deferred exchanges, personal property converted
to business property, & overview of home sale exclusion
-Guide for compliance and planning issues from pre-ACRS, ACRS, and
MACRS depreciation and amortization rules
-Cases and rulings of depreciation and amortization issues and how they
impact clients, along with the useful planning opportunities

Learning Objectives:
-Understand which assets are subject to depreciation
-Answer advanced 179 and automobile depreciation questions
-Fully understand depreciation and MACRS cost recovery
-Understand installment sales and reacquisitions
-Complete cases related to depreciation and sale of assets

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

CPE Credits: 8, Taxation

Level of Knowledge: Intermediate

Prerequisite: Basic knowledge of tax issues for property transactions

Acronym: TDAP

Discussion Leader: Susan Smith, CPA