MORNING SESSION: 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.
AFTERNOON SESSION: This course will cover best practices for your firm to protect firm and client data. In the event that a breach does occur, learn the steps to take to remedy the situation and prevent the problem from happening again.
DESIGNED FOR
Public accounting staff and senior associates, tax professionals in company finance or tax departments.
BENEFITS
- Gain a comprehensive and practical understanding of the various complex tax
laws deal
- Hear examples of the ramifications of data loss and how it impacted the practitioner and the client.ng with property transactions from acquisition to disposition
HIGHLIGHTS
MORNING SESSION (8:30am-12:00pm): Capitalized Costs and Depreciation: Key Issues and Answers
- Initial tax basis and adjusted tax basis of business property
- Deductible repairs vs. capitalized improvements
- Proper classification of expenditures
- Recent changes in the tax rules related to classification of expenditures
- The MACRS system of depreciation/cost recovery
- Eligibility for immediate §179 expensing
AFTERNOON SESSION (1:00-4:30pm): Protecting Your Client from Tax Return Identity Theft
- The dangers of data theft
- The legal requirements of protecting taxpayer information
- Protecting taxpayer information
- Steps to take if a breach does occur
COURSE LEVEL
Basic
PREREQUISITES
Basic knowledge of individual income taxation
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Half-day options include lunch (12:00-1:00pm).
- This course does not qualify for the AICPA discount.