Surgent's Essential Depreciation & Expensing Update [TDP4]
Time: 08:30am-12:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $155.00
Non-member: $225.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on August 25, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Surgents Essential Depreciation & Expensing Update (TDP4)August 26th, 2024 / 8:30 am 12:00 pm
Elgee Rehfeld, LLC
9309 Glacier Highway, Suite B-200
Juneau, AK
The permanent changes from the TCJA may stand like a lion in the pathway of change, but Washington has its own definition of permanent. Inflation adjustments and technical corrections are included within this deep analysis of the complex maze of rules dealing with depreciation, amortization, and sale of property. This course contains many examples and cases to illustrate the most important points of which CPAs need to be aware.
Major Topics:
- Resolved technical glitches for qualified improvement property
- Detailed coverage of 179 expense elections and 168(k) bonus or additional first-year depreciation how to maximize them, definitions, limitations, qualified property, etc.
- Sale of property and the depreciation recapture rules (1245, 1250, unrecaptured 1250 gain for real estate, 291 for corporations)
- MACRS depreciation finding the proper method, convention, and recovery period
- Listed property and the current limitations
- Amortization of start-up, organization, and other expenditures
- AMT depreciation adjustments and how to avoid them
- Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with useful planning opportunities
Learning Objectives:
- Fully understand two of the most commonly prepared tax forms
- Understand assets from acquisition to disposition
-Complete and discuss cases highlighting some of the practical issues tax preparers face
Designed For: CPAs in industry and public accounting who need a thorough grasp of this important area of tax law and want to maximize the possible tax savings for their clients
CPE Credits: 4, Taxation
Level of Knowledge: Intermediate
Prerequisite: Basic knowledge of tax issues for property transactions
Acronym: TDP4
Discussion Leader: Susan Smith, CPA
