Description
Gain a better understanding of the IRS bonus depreciation regulations and how best to use them for your company.
Many businesses spend a significant amount of money investing in their office spaces, whether for buildings, equipment, furniture, and fixtures, or computers and other technologies for their businesses to operate. The federal government provides multiple tax incentives to help offset the cost of these investments that are often not understood or utilized. This course will cover bonus depreciation and related incentives about fixed asset investments to help taxpayers understand these tax incentives, enabling them to fully utilize these tax benefits in their businesses.
Date: 2022-10-19 Start Time: 1:00 PM ET End Time: 2:40 PM ET
Learning Objectives
* You will be able to define bonus depreciation.
* You will be able to describe the types of property eligible for bonus depreciation.
* You will be able to discuss the benefits of a cost segregation study.
* You will be able to explain when the Section 179D would be beneficial.
Bonus Depreciation
• What Is Bonus Depreciation?
• History of Bonus Depreciation and Modified Accelerated Cost Recovery System (MACRS) Depreciation in General
• Recent Legislative Developments in Bonus Depreciation
How Bonus Depreciation Is Used in Cost Segregation Studies to Drive Tax Benefits
• Overview of Cost Segregation
• Cost Segregation Case Studies
• Tax Benefits of Cost Segregation • Compound Interest, Time Value of Money, and Lifetime Benefits
Other Tax Incentives Related to Real Property Investments
• Section 179D • Energy Efficient Commercial Building Deduction
• Section 45L • Energy Efficient New Homes Credit
Other Incentives and Issues to Consider in Depreciable Property
• Fixed Asset Reviews • Tangible Property Regulations
• More QIP • Streamlined Analysis of Building Improvements
• Like Kind Exchanges: Impact on Building Investments
• Alternative Depreciation System – When Does This Apply?
AIPB ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Chris Fischer, CPA-Cherry Bekaert, Sean P. O’Leary, CPA – Cherry Bekaert, Ron Wainwright, CPA, MST – Cherry Bekaert
