Webinar: Repairs To Tangible Property-Capitalize or Expense?

Description

The IRS has finally released new regulations governing the capitalization of repairs to tangible property. Distinguishing between deductible repairs and capital expenditures is never easy. These wide ranging rules may be the biggest change in fixed asset accounting since the advent of ACRS/MACRS. This course will address the new temporary and proposed regulations effective for tax years beginning on or after January 1, 2012, and may necessitate filing a change in accounting method.

Learning Objectives

nderstand critical new rules that apply to manufacturers, retailers, real estate companies and other businesses.

Major Topics

General framework of the new regulations
Amounts paid to acquire or produce tangible property
Improvements to property
Materials and supplies
Repairs
Rentals and leased property
Depreciation changes, including the elimination of group accounts
Likely changes in accounting methods and Section 481 adjustments

Provider
CPA Crossings, LLC
Course Level
Intermediate
CPE Field of Study
Tax
2.0
Prerequisites

None

Advanced Preparation

None

Register Now
When
Jun 12, 2012
12:00 pm - 2:00 pm
Location
Online
Total CPE Credits
2.0
Format
Webinar

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Webinar: Repairs To Tangible Property-Capitalize or Expense?


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