Learn how to apply the tax code to fixed asset purchases to maximize tax benefits.
For many businesses, the purchase of fixed assets is often one of the largest investments companies will make. The Internal Revenue Code allows businesses to claim tax deductions related to the purchases; however, these deductions are not necessarily the same for all purchases. This course will help you identify the different types of property and how it is depreciated for federal income tax purposes. You will learn how to apply the tax code to fixed asset purchases to maximize tax benefits.
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Why Lorman?
Over 39 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
Methods/Lives and Conventions
- MACRS, ACRS, and Straight-Line
- Half-Year, Mid-Quarter, Mid-Month
- Examples of Property and Their Respective Recovery Periods
Section 179
- Limitations
- Thresholds
- Qualifying Property
Listed Property/Luxury Autos/Leased Autos
- Limitations
- Qualifying Property
Bonus Depreciation
- Rates
- Thresholds
- Qualifying Property
Amortization
- Common Intangible Assets and Treatment
- Section 197 Intangibles
- Purchased Intangibles
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Credit
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Why Lorman?
Over 39 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 Course
This course was last revised on May 14, 2026.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
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.
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Why Lorman?
Over 39 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
Ethan J. Alexander, CPA
Baker Tilly
- Senior Tax Accountant, India Offshore Liaison, and India Tax Practice at Hancock Askew & Co., LLP
- Over 5 years of experience in pass-through entities in the real estate industry, high net worth individuals and not-for-profit entities
- CPE instructor on tax compliance and planning in the real estate industry
- Certified Public Accountant in the state of Florida
- Member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants
- M.S. degree and B.A. degree, Florida State University
- Can be contacted at [email protected] or 941-351-7463
William F. Becker, Jr., CPA, M.B.A.
Baker Tilly
- Tax principal at Hancock Askew & Co., LLP
- Certified public accountant with over twenty-five years of experience providing tax and business consulting, including income tax planning, depreciation modeling, merger and transaction services, and tax reporting
- CPE instructor and frequent speaker on topics affecting the real estate industry
- Member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants
- M.B.A. degree and B.A. degree, University of South Florida
- Can be contacted at [email protected] or 813-254-2727
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Why Lorman?
Over 39 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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