DASP
SURGENT McCOY'S COMPLETE GUIDE TO TAX DEPRECIATION, AMORTIZATION, AND
SALE OF PROPERTY -- ISSUES, PLANNING AND ANSWERS
The purpose of this comprehensive course is to provide
an in-depth analysis of the complex maze of rules dealing with depreciation,
amortization, and sale of property, with an emphasis on identifying special
planning opportunities and pitfalls. This great reference manual is written
in a very practical format and contains many examples and charts to illustrate
the most important points CPAs need to be aware of.
Major topics include:
- The latest
cases and rulings involving depreciation and amortization issues and
how they impact clients, along with the most useful planning opportunities
- Correctly handling
depreciation on purchases and trade-ins of business vehicles
- Using cost segregation
studies to dramatically enhance your clients' write-offs
- AMT depreciation
adjustments and how to avoid them
- Accounting for
a change in use
- Detailed coverage
of the greatly increased §179 expense election and how to maximize its
use; when to use it; what property qualifies?
- How to calculate
depreciation in a short tax year and start-ups of businesses
- Understanding §197
amortization issues; how to handle software & website costs
- Are we correctly
handling depreciation write-offs for retail, restaurant & personal service
industries? What are "distributive trades and services?"
- Sale of property
and the depreciation recapture rules (§§1245, 1250, unrecognized §1250
gain for real estate, §291); goodwill write-offs need to be recaptured
too!
- Are we capitalizing
"repairs" that could have been written off immediately?
- Advanced depreciation
issues, corporate liquidation, §754 basis adjustments, transfer to/from
trusts, tax-deferred exchanges, personal property converted to business
property, and more
Designed
for: CPAs in industry and public accounting
who need a thorough grasp of this important area of tax law and who want
to maximize the possible tax savings for their clients.
Level
of knowledge: Basic/Intermediate
Field
of study: Taxes
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