Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Maximize and Apply Depreciation Changes
Experienced practitioner and instructor Greg White, CPA, will lead this deep-dive two-hour CPE course on the specific depreciation changes made by the Tax Cuts and Jobs Act of 2017 (TCJA). How does bonus depreciation work now? What about Section 179? Get the answers to these questions and more in this focused course looking at what has changed under the new tax law.
Publication Date: January 2023
Designed For
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
- Section 179
- §179 Qualified Real Property
- The Basics of De Minimis
Learning Objectives
- Identify the best depreciation method for real estate improvements
- Recognize and apply effective dates for the 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
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Some knowledge of tax depreciation concepts.
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.