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.
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Why Lorman?
Over 32 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 32 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 December 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.
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.
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Why Lorman?
Over 32 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
Dawn Polin, CPA
Cherry Bekaert
- Senior manager, Credits & Accounting Methods in Cherry Bekaert’s Specialty Tax Group
- Focuses primarily on cost segregation studies, energy studies, and recently implemented tangible property regulations, as well as the federal and multi-state taxation of closely-held and private equity/venture capital-owned companies
- More than 18 years of experience
- B.B.A. degree, University of Georgia; MAcc, University of Florida
- Can be contacted at 919-782-1040 or [email protected]
More Program Information
Why Lorman?
Over 32 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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Pay once and get a full year of unlimited training in any format, any time!
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