Lightning Fast Depreciation: The New World of Depreciation under Tax Reform (Half-Day Program) (Sold Out)

Apply Latest Tax Reform Developments to Depreciation Decisions to Maximize Benefit
On the heels of the Tangible Property Regs (TPRs), the Tax Cuts and Jobs Act of 2017 (TCJA) has made further changes to depreciation including bonus depreciation and Section 179 depreciation. What are the latest developments and are there ways to depreciate property faster and achieve faster tax savings? Join experienced practitioner and instructor Greg White, CPA, for this four-hour CPE webinar that will offer you tips, strategies and a heightened awareness of how depreciation can be used to achieve the best tax results on real estate and property used in business. The TCJA provides new opportunities that your business or clients can put to work right away. Rapid cost recovery can be a big help in many instances. Mr. White will also make sure you know when not to use rapid cost recovery methods.

Who Should Attend
All CPAs, EAs, tax staff, and corporate finance staff charged with calculating and planning for tax accounting methods and depreciation.

Topics Covered

• Bonus depreciation after the Tax Cuts and Jobs Act
• §179 and its application to real property
• How and when the de minimis rules can be used on residential real property remodels
• Depreciation recapture

Learning Objectives

• Determine the best depreciation method for real estate improvements
• Determine which cost recovery method is best in specific client situations
• Apply the new rules for de minimis expensing updated for affects of the Tax Cuts and Jobs Act
• Apply the new rules for expensing real property under the TCJA
• Review the depreciation recapture rules that apply to bonus depreciation, §179 and the de minimis rules
• Determine when a rapid method of cost recovery shouldn't be used

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
A basic understanding of tax depreciation methods.

Advance Preparation
None