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Instructor
Jonathan Ingber
Instructor
Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations.
* Calculate the initial tax basis and adjusted tax basis of business property.
* Recall how to determine the tax basis of self-constructed assets.
* Distinguish between deductible repairs and capitalized improvements under new tax provisions.
* Indicate the proper classification of expenditures for tax purposes.
* Recall recent changes in the tax rules related to classification of expenditures.
* Recognize deduction recognition issues related to amortization.
* Recall fundamental points of the MACRS system of depreciation/cost recovery.
* Recognize eligibility for immediate 179 expensing.
* Capital improvements and repair
* Adjusted tax basis
* Tax depreciation and amortization
* First year expensing-IRC section 179
* Depreciation methods
* Form 3115, change in accounting method
7887 E Belleview Ave Suite 200, Englewood, Denver County, Colorado 80111-6016
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