The Final Tangible Property Repair Regulations are in full effect,
yet many taxpayers are not in compliance or are missing opportunities to
take full advantage of these new rules.
This webinar will cover
compliance requirements as well as potential tax planning strategies on
both a retroactive and prospective basis. The webinar also contains
in-depth examples and real-life case studies. Participants will be
better able to identify tax saving opportunities and be in compliance
with these new regulations.
Learning Objectives:
Upon completion of this course, you will be able to:
Discuss the changes and new rules presented by the final repair regulations and proposed disposition regulations
- Identify
new opportunities to immediately deduct abandoned building components,
avoid recapture tax, and expense demolition costs
- Apply Unit of Property rules
- Determine
when to capitalize and depreciate expenditures and when to treat them
as immediately deductible repairs and maintenance expenses
- Effectively
use accounting method changes and elections under the repair
regulations to maintain compliance and reduce tax obligations
IRS CE: 2 Hours/Federal Tax Law Update
NASBA CE: 2 Hours/Taxes
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No
refunds or exchanges for cancellations. For more information regarding
refund, complaint and/or program cancellation policies, please contact
NSA toll-free at 800-966-6679.
NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
The
National Society of Accountants is registered with the National
Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses for CPE credit. Complaints regarding
registered sponsors may be submitted to the National Registry of CPE
Sponsors through its website: www.learningmarket.org.
NSA
has been approved by the California Tax Education Council to offer the
above courses to go towards the annual "continuing education"
requirement imposed by the state of California. A listing of additional
requirements to register as a tax preparer may be obtained by contacting
CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877)
850-2832, or on the Internet at www.ctec.com.