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: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

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.