Tax Cuts and Jobs Act: Deep Dive into Depreciation Changes (Completed)

Date: Tuesday, January 15, 2019
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Income Tax Planning for CFP

Maximize and Apply Depreciation Changes under Tax Reform

Experienced practitioner and instructor Greg White, CPA, will lead this deep-dive two-hour CPE webinar on the specific depreciation changes made by the Tax Cuts and Jobs Act of 2017 (TCJA). How will bonus depreciation work now? What about Section 179? Get the answers to these questions and more in this focused program looking at what has changed under the new tax law.

Who Should Attend
CPAs, EAs, and tax return professionals in public practice and tax staff in private practice who have some experience with tax depreciation.

Topics Covered

  • TCJA: Fast Depreciation
  • TCJA and Bonus Depreciation
  • Allocation of Cost: Building, Land and Personal Property
  • Passenger Automobiles
  • 15-Year Property
  • §179 Changes
  • §179 Qualified Real Property
  • Trading Places: QIP §179 and Bonus Depreciation
  • QRP: Building Placed in Service First
  • The Basics of De Minimis
  • De Minimis: Required Book Conformity
  • Improvements and the De Minimis Rules
  • §179-Using a Scalpel instead of a Blunt Instrument: The "Surgical Approach"
  • Flexibility to Change
  • QBID the 20% Pass-Through Deduction
  • Fast Write Off Rules Special Roles Played by §179, Bonus and De Minimis

Learning Objectives

  • Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act (TCJA) changes
  • Recognize and apply effective dates for the new rules
  • Describe the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act
  • Recognize and apply changes to §179 made in the Tax Cuts and Jobs Act

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Some knowledge of tax depreciation concepts.

Advance Preparation
None

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