This program will address the most recent updates on tax depreciation resulting from the TCJA, highlighting new capitalization and depreciation rules. Planning opportunities and potential pitfalls will also be addressed.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
DESIGNED FOR
CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules
BENEFITS
- Define the latest tax depreciation developments and special topics
- Define and discuss planning tools and potential pitfalls
HIGHLIGHTS
- Recent tax legislation, rules, and developments related to capitalization and depreciation
- Section 179, including 2021 inflation adjustment
- Section 168(k) 100 percent bonus deduction
- Depreciation of automobiles, including new luxury auto limits
- ADS depreciation for electing farm and real estate business
- Update on recent developments
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of tax depreciation
ADVANCE PREPARATION
None
ADDITIONAL NOTES
IRS Program Number: 90EKV-T-00382-21-O. Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).