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100-minute live streaming program
  • December 14
  • 1:00 - 2:40 pm EST

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Tax Depreciation and Amortization Best Practices

December 14

Gain a better understanding of the every-day application of tax depreciation concepts.

We will walk through how to identify the appropriate method to depreciate or amortize assets, including options to be considered, bonus depreciation considerations and the impact of the tangible property regulations on these decisions. We will walk through examples to bring the rules to life. Lastly, we will discuss how to correct missteps with capitalized assets through the change in the accounting method process.

Learning Objectives

  • You will be able to describe accounting methods’ relation to depreciation and amortization.
  • You will be able to explain changes to depreciation brought about by the Tax Cuts and Jobs Act.
  • You will be able to discuss general concepts and how to get started.
  • You will be able to review the history of depreciation and amortization.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

History of Depreciation and Amortization
General Concepts and How to Get Started
  • MACRS; GDS and ADS Systems
  • 1245 and §1250 Property
  • Classes, Conventions, and Depreciation Methods
  • Amortization Concepts Under §197
Changes to Depreciation Brought About by the Tax Cuts and Jobs Act
  • Bonus Depreciation Considerations
Buildings and Depreciation Planning Opportunities
  • Impact of the Tangible Property Regulations
  • Depreciation Recapture Concepts
Accounting Methods Relating to Depreciation and Amortization
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on June 14, 2018.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, business owners and managers, finance directors, bookkeepers and enrolled agents.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ronald G. Wainwright, Jr., CPA, MST

Ronald G. Wainwright, Jr., CPA, MST

Cherry Bekaert

  • Tax Partner and the National Leader of Cherry Bekaert’s Credits/Accounting Methods practice
  • More than 25 years of experience in the area of taxation. He serves a diverse client base including multi-national, public and closely held companies
  • Guides clients through a number of taxation matters, including international and domestic tax, provisions, FIN 48, tax controversy, federal/state tax credits, and complex transactional matters
  • Spent seven years in a national tax role in Washington, D.C., focusing on domestic and international tax issues, mergers and acquisitions and IRS tax controversy matters
  • Member of numerous professional and civic organizations
  • B.S. degree, Auburn University; Master of Taxation, highest honors, Georgetown University; Advanced Business Advisor Program, University of Chicago
  • Can be contacted at 919-782-1040 or [email protected]
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Can't Attend?

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • State Specific Credit Tracker
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Product ID: 404603
Published 2018
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