Capitalization, Expensing, and Depreciation After Tax Reform (4 hours - afternoon)

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May 31, 2018

Registration: 12:15 PM / Program: 12:45 PM - 4:30 PM

Fees

Member Fee: $195.00
Nonmember Fee: $245.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -97.00

Description

This course will address the new tax legislation and developments of the 2017 Tax Cuts and Jobs Act, highlighting new capitalization, depreciation rules, and expensing. Planning opportunities and potential pitfalls will also be discussed.

Designed For

Practitioners and members in industry seeking knowledge to better understand the new capitalization regulations and special depreciation issues.

Objectives

Upon completion of this course, you will be able to: Apply the new rules regarding repair vs. capitalization regulations * Define the latest tax depreciation developments and special topics * Apply planning opportunities and potential pitfalls.

Major Subjects

2017 tax legislation and developments relating to capitalization and depreciation * Section 179 and 168(k) deduction * Depreciation of real property * Material and supply rules * De minimus election, repair rules and safe harbors * Rotable and temporary spare parts * Single asset/multiple asset/group asset accounts * Applicable financial statements * Change in use of depreciable property * Placed in service issues * Like-kind exchanges * Deprecation of automobiles * Update on recent developments.

Leaders

Douglas Van Der Aa

Doug Van Der Aa, CPA, JD, has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug's practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

He is a lively and energetic speaker – especially on the subject of taxes and ethics, and has extensive experience in leading discussions in conferences, seminars and webinars. He is a regular and highly rated speaker and seminar leader for CPA associations and other organizations throughout the country.

Doug has been a discussion leader for Federal Tax Workshops for the past 15 years, and now develops his own materials for Van Der Aa Tax Ed, where he has focuses his presentations on business related courses, including S corporations, partnerships, and tax depreciation, and current accounting matters affecting the tax practitioner. He also is known for his comprehensive training course for new staff accountants as they head into their first tax season.

He resides near Grand Rapids, Michigan with his wife Mary and three children and in his free time, is an avid sailor. (Rev. 2/2018)