IRS Form 4562: Depreciation and Amortization (OnDemand Webinar)

$219.00

SKU: 410676EAU

Description

Learn how to apply the tax code to fixed asset purchases to maximize tax benefits.For many businesses, the purchase of fixed assets is often one of the largest investments companies will make. The Internal Revenue Code allows businesses to claim tax deductions related to the purchases however, these deductions are not necessarily the same for all purchases. This course will help you identify the different types of property and how it is depreciated for federal income tax purposes. You will learn how to apply the tax code to fixed asset purchases to maximize tax benefits.

Date: 2023-08-01 Start Time: End Time:

Learning Objectives

Methods/Lives and Conventions
• MACRS, ACRS, and Straight-Line
• Half-Year, Mid-Quarter, Mid-Month
• Examples of Property and Their Respective Recovery Periods

Section 179
• Limitations
• Thresholds
• Qualifying Property

Listed Property/Luxury Autos/Leased Autos
• Limitations
• Qualifying Property

Bonus Depreciation
• Rates
• Thresholds
• Qualifying Property

Amortization
• Common Intangible Assets and Treatment
• Section 197 Intangibles
• Purchased Intangibles

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

William F. Becker, Jr., CPA, M.B.A.-Hancock Askew & Co., LLP