IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Section 168(k) Bonus Depreciation Regulations Update (OnDemand Webinar)

$219.00

SKU: 406815EAU

Description

Gain a better understanding of the new IRS proposed regulations on the increased bonus depreciation for new and used property.Depreciation in general and bonus depreciation in particular have been administratively burdensome federal tax provisions for generations. Contrary to congressional assertions, the Tax Cuts and Jobs Act (TCJA) only increased the complexity and administrative burden of bonus depreciation. In addition to the planned changes in these rules that taxpayers and their advisors must navigate, we are also faced with the challenge of the unintended drafting errors in TCJA regarding depreciation. This topic will dissect all these changes, both intended and unintended, and will provide taxpayers and their advisors with some practical solutions to applying the new bonus depreciation regulations in everyday scenarios of their businesses.

Date: 2019-08-30 Start Time: End Time:

Learning Objectives

Section 168(k) Bonus Depreciation History Leading up to the Tax Cuts and Jobs Act (TCJA)

Major Changes TCJA Brought to §168(K)
• Bonus Depreciation Percentage
• Eligibility of Used Property
• Real Property Provisions

The Bonus Depreciation Regulations Reg-104397-18
• The Four Eligibility Requirements of Property
• Must Be of a Specified Type
• Must Meet the Original Use Test, or Alternatively the Acquisition Requirements
• Must Be Placed in Service Within a Specified Time Period
• Must Be Acquired After September 27, 2017
• Recap of How the New Bonus Depreciation Rules Intersect With Other Provisions of TCJA Such as 163(j) and 199A

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Edward D. Meyette, CPA-Crowe LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Section 168(k) Bonus Depreciation Regulations Update (OnDemand Webinar)

$219.00

SKU: 405651EAU

Description

Gain a better understanding of the new IRS proposed regulations on the increased bonus depreciation for new and used property.Depreciation in general and bonus depreciation in particular have been administratively burdensome federal tax provisions for generations. Contrary to congressional assertions, the Tax Cuts and Jobs Act (TCJA) only increased the complexity and administrative burden of bonus depreciation. In addition to the planned changes in these rules that taxpayers and their advisors must navigate, we are also faced with the challenge of the unintended drafting errors in TCJA regarding depreciation. This topic will dissect all these changes, both intended and unintended, and will provide taxpayers and their advisors with some practical solutions to applying the new bonus depreciation regulations in everyday scenarios of their businesses.

Date: 2019-06-26 Start Time: End Time:

Learning Objectives

Section 168(k) Bonus Depreciation History Leading up to the Tax Cuts and Jobs Act (TCJA)

Major Changes TCJA Brought to §168(K)
• Bonus Depreciation Percentage
• Eligibility of Used Property
• Real Property Provisions

The Bonus Depreciation Regulations Reg-104397-18
• The Four Eligibility Requirements of Property
• Must Be of a Specified Type
• Must Meet the Original Use Test, or Alternatively the Acquisition Requirements
• Must Be Placed in Service Within a Specified Time Period
• Must Be Acquired After September 27, 2017
• Recap of How the New Bonus Depreciation Rules Intersect With Other Provisions of TCJA Such as 163(j) and 199A

No Credit Available

Edward D. Meyette, CPA-Crowe LLP