Tangible Property Regulations (OnDemand Webinar)

$219.00

SKU: 411688EAU

Description

Gain a better understanding of the compliance requirements as well as potential tax planning strategies on both a retroactive and prospective basis.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 session covers compliance requirements as well as potential tax planning strategies on both a retroactive and prospective basis. Our presenter will also go over indepth examples and reallife case studies. Participants will be better able to identify tax saving opportunities and be in compliance with these new regulations.This presentation will provide understanding of the changes and new requirements presented by the final repair and disposition regulations. The live webinar will identify opportunities for missed deductions and other tax planning ideas. Finally, attendees will gain an indepth knowledge of Unit of Property rules.

Date: 2024-10-31 Start Time: End Time:

Learning Objectives

Tangible Property Regulations
• Relevant Code Sections
• Repairs or Capitalize

Unit of Property
• Functional Interdependence Test
• Buildings and Structural Components
• Lessors and Lessees

Improvements (BAR Test)
• Betterments
• Adaptation
• Restorations

Retirements and Dispositions
• Current Rules
• When to Make Proper Election
• Demolition and Basis of Property Removed

Section 179
• Qualified Improvement Property
• Types of Real Property
• Expense or Capitalize

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

John Manolos-KBKG