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Bonus Depreciation and Other Depreciation Methods, Opportunities for Flexibility in an Environment of Tax Rate Uncertainty

Gain a better understanding of the IRS bonus depreciation regulations and how best to use them for your company.

Many businesses spend a significant amount of money investing in their office spaces, whether for buildings, equipment, furniture, and fixtures, or computers and other technologies for their businesses to operate. The federal government provides multiple tax incentives to help offset the cost of these investments that are often not understood or utilized. This course will cover bonus depreciation and related incentives about fixed asset investments to help taxpayers understand these tax incentives, enabling them to fully utilize these tax benefits in their businesses.

102 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Bonus Depreciation

  • What Is Bonus Depreciation?
  • History of Bonus Depreciation and Modified Accelerated Cost Recovery System (MACRS) Depreciation in General
  • Recent Legislative Developments in Bonus Depreciation

How Bonus Depreciation Is Used in Cost Segregation Studies to Drive Tax Benefits

  • Overview of Cost Segregation
  • Cost Segregation Case Studies
  • Tax Benefits of Cost Segregation - Compound Interest, Time Value of Money, and Lifetime Benefits

Other Tax Incentives Related to Real Property Investments

  • Section 179D - Energy Efficient Commercial Building Deduction
  • Section 45L - Energy Efficient New Homes Credit

Other Incentives and Issues to Consider in Depreciable Property

  • Fixed Asset Reviews - Tangible Property Regulations
  • More QIP - Streamlined Analysis of Building Improvements
  • Like Kind Exchanges: Impact on Building Investments
  • Alternative Depreciation System - When Does This Apply?
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Why Lorman?

Over 35 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 October 19, 2022.

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

  • AIPB 2.0
     
  • This program is acceptable for 2.0 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 35 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

Chris Fischer, CPA

Chris Fischer, CPA

Cherry Bekaert

  • Manager in Cherry Bekaert’s Tax Credits and Incentives Advisory Team
  • More than two years of experience assisting clients with research and development tax credits, Employee Retention Credits, energy credits, and deductions and cost segregation studies
  • Educated and worked as a civil structural engineer in the metal building industry for six years
  • B.S. degree in civil engineering, University of Illinois
  • Can be contacted at [email protected] or 919-782-1040
Sean P. O'Leary, CPA

Sean P. O'Leary, CPA

Cherry Bekaert

  • Senior tax manager in Cherry Bekaert’s Tax Credits and Incentives Advisory Team
  • More than 14 years of experience in taxation serving clients in areas including partnership, corporate, and individual tax matters
  • More than eight years of experience assisting clients with research and development tax credits, energy credits and deductions, and cost segregation studies
  • More than 15 years of previous experience as an electrical engineer in manufacturing and automation
  • M.S degree in accounting, University of North Carolina at Charlotte; B.S. degree in electrical engineering, Clemson University
  • Can be contacted at [email protected] or 704-970-1622
Ron Wainwright, CPA, MST

Ron Wainwright, CPA, MST

Cherry Bekaert

  • Tax partner in Cherry Bekaert’s Tax Credits and Incentives Advisory Team
  • More than 25 years of experience in taxation with a diverse client base including multi-national, public and closely held companies
  • Guides clients through several taxation matters, including international and domestic tax, provisions, FIN 48, tax controversy, federal/state tax credits, and complex transactional matters
  • Previous experience as a tax partner with an international firm for ten years, followed by several years with a regional firm
  • Seven years of experience in a national tax role in Washington, D.C., focusing on domestic and international tax issues, mergers and acquisitions, and IRS tax controversy matters
  • M.Tax. degree, Georgetown University; B.S. degree, Auburn University; Advanced Business Advisor Program, University of Chicago
  • Can be contacted at [email protected] or 919-825-4221
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Over 35 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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Product ID: 409831
Published 2022
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