Business & Industry Fest: Essential Depreciation and Expensing Update
106 | TSCPA In Person Events | Basic | Scheduled
Individuals, corporations, partnerships, LLCs, trusts, estates, and nonprofits all utilize two of the most often prepared tax forms -- Form 4562 -- Depreciation and Amortization, and Form 4797 -- Sales of Business Property.
This course provides a quick dissection of both of these complicated forms.
New to experienced tax preparers may utilize this manual for all tax returns/entities they prepare. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.
|Number of Credits||Type of Credits|
- Now that §179 depreciation rules are permanent, when will they change?
- Detailed coverage of §179 expense election and how to maximize its use, when to use it, and what property qualifies?
- 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
- What is “Listed Property” and what are the current limitations?
- Amortization of start-up, organization, and other expenditures
- New regulations on capitalization of tangible assets and procedures for automatic changes in accounting method associated with the new depreciation rules
- AMT depreciation adjustments and how to avoid them
- Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities
- Fully understand two of the most commonly prepared tax forms
- Understand assets from acquisition to disposition
- Discuss cases highlighting some of the practical issues tax preparers face
- Member (Early Bird)
- Non-Member (Early Bird)
James W. Harden, Ph.D., CPA, ChFC
J. William Harden is an associate professor in the Bryan School of Business and Economics at the University of North Carolina at Greensboro where he teaches tax courses on flow-through entities and individual and corporate tax. He is currently in sole practice in High Point, N.C., focusing on taxation and financial planning for small businesses and individuals.
Dr. Harden is a published author, with more than 25 articles appearing in popular practitioner journals and publications such as Strategic Finance and Journal of Business Finance and Accounting. In 2002, he was the recipient of a Lybrand Certificate of Merit. He has also testified before the House Ways and Means Oversight Sub-Committee on Internet taxation issues.
Dr. Harden received his bachelor’s degree in business administration from North Georgia College, his master of taxation from Georgia State University, and his Ph.D. from the University of Kentucky.Back to Facilitators