Events Search
  Summary & Check Out (0)
Monday, November 9, 2020 Webcast

Surgent's Comprehensive Guide to Tax Depreciation, Expensing, and Property Transactions (E2011093)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Webcast

8.0 CPE Credits in TX

OVERVIEW

The “permanent” changes within the Tax Cuts and Jobs Act may stand like a lion in the pathway of change, but Washington has a different definition of the word “permanent.” Inflation adjustments and technical corrections are all included within this in-depth analysis of the complex maze of rules dealing with depreciation, amortization and sale of property. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

CPAs in industry and public accounting who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clients.

BENEFITS

  • Understand which assets are subject to depreciation
  • Answer advanced §179 depreciation questions
  • Fully understand depreciation and MACRS cost recovery
  • Understand installment sales and reacquisition
  • Complete cases related to nontaxable transactions

HIGHLIGHTS

  • Complete coverage of recent tax acts and any new legislation enacted before presentation
  • New technical correction Rev. Proc. 2019-13 -- use it or stand to lose second-year depreciation deductions for luxury automobiles
  • What are the components for real estate depreciation?
  • A new SUV or sedan, a study of depreciation alternatives
  • Permanency in §179 depreciation rules? How to maximize its use; when to use it; what property qualifies?
  • Sale of property and the depreciation recapture rules (§§1245, 1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  • How to depreciate like-kind exchange property
  • Reacquired installment sale property -- calculating potential gain and new basis
  • Understanding §197 amortization issues; how to handle intangible asset costs
  • Depreciation issues, tax-deferred exchanges, personal property converted to business property, & overview of home sale exclusion
  • Guide for compliance and planning issues from Pre-ACRS, ACRS, and MACRS depreciation and amortization rules
  • Cases and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities

COURSE LEVEL

Intermediate

PREREQUISITES

Basic knowledge of tax issues for property transactions.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • This seminar qualifies for IRS credit.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Douglas Stives

Douglas P. Stives, CPA, M.B.A.

Specialist Professor

Monmouth University

Douglas (Doug) Stives, CPA, MBA, is a full-time professor of accounting at Monmouth University in West Long Branch, New Jersey, where he started in 2006. Doug was honored as the Outstanding Business Professor of the Year in 2009 and 2016. He graduated from Lehigh University with a BS in 1968 and an MBA in 1969. Doug started his career at PricewaterhouseCoopers in 1969 and later joined a small CPA firm that became The Curchin Group, located in Red Bank, New Jersey, where he was a partner for 34 years and continues as a consultant. In 1989 and 1990, Doug was the youngest president of the New Jersey Society of CPAs. He served the AICPA as a representative to Council, a member of the Tax Division Executive Committee, and chair of several committees. Doug is a frequent speaker for many state CPA societies. He’s been quoted in the New York Times, Wall Street Journal, Forbes, and other national publications, and he has appeared on CNN, CNBC, PBS, and the three major networks. Doug remains active with his college fraternity, the Kappa Alpha Society, where he served as national president for several years. He also served on many charity boards and was chairman of the Community YMCA in Red Bank, New Jersey.

PRICING

$289.00 - Member

$389.00 - Non Member

Register Today


Note: Online pre-registration will close 24 hours prior to this event.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST