60 – 120 minutes depending on participants needs and content selected
This course provides an update on developments in tax depreciation. It covers the CARES Act, the final bonus depreciation regulations, and related topics such as § 179, the Tangible Property Regulations, and the final § 1031 regulations. Unlike other Source Advisors presentations, this one is designed to allow for customization for the topics covered and the length of the presentation.
The list of topics includes:
(a) CARES Act and QIP (Recommended) 10 – 15 minutes
(b) Bonus Depreciation (Recommended) 15 – 20 minutes
(c) § 179 10 minutes
(d) § 163(j) 20 – 30 minutes
(e) § 1031 Real Property 20 – 30 minutes
(f) Tangible Property Regulations 15 – 30 minutes
(g) Impact of/on Cost Segregation (Included) 5 – 10 minutes
After this course, the practitioner will have a high-level familiarity with:
(a) The depreciation-related provisions of the CARES Act and related procedural guidance.
(b) The final bonus depreciation regulations.
(c) Miscellaneous topics such as the definition of real property under the final § 1031 regulations, new Tangible Property Regulation opportunities, the § 179 expensing election, or the depreciation-related provisions of § 163(j).
At least two years preparing intermediately complex tax returns, including preparation of Form 4562.