Learn when an expenditure for tangible property is deductible or capitalized for tax purposes. This course provides details of the rules relating t...
6/10/2024 10:00am - 5:30pm | Online | CalCPA
Members: $299.00, Non-members: $399.00
CPE Categories: Taxation (8 CPE)
Learn when an expenditure for tangible property is deductible or capitalized for tax purposes. This course provides details of the rules relating to the treatment of amounts paid to acquire, produce, repair, or improve tangible property. In addition, learn the rules for depreciation recovery under Section 168 of the Internal Revenue Code associated with capitalized tangible property. The capitalization provisions provide objective standards and rules, and numerous examples intended to simplify compliance with the expense and capitalization rules contained in Sections 162 and 263(a) of the Internal Revenue Code, and the Treasury Regulations thereunder
CPAs, accountants, and financial professionals who advise clients and/or prepare tax returns dealing with expenditures to repair, improve, or acquire tangible property. May also be suitable for public practice.
› Unit of property definitions, including special rules applicable to real property
› Leased property rules for lessees and lessors
› Routine maintenance safe harbors
General construction accounting and tax knowledge
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