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Web Events

Capitalized Costs and Depreciation: Key Issues and Answers

DeliveryType:  Video Webcast
    Select Date & Time:
  • $159.00-$199.00
    Capitalized Costs and Depreciation: Key Issues and Answers 10:00 am - 05:00 pm ET Product #: VCL4CCD029
    Add to Calendar 11/09/2017 10:00:00 11/09/2017 17:00:00 America/New_York AICPA Webcast: Capitalized Costs and Depreciation: Key Issues and Answers
    This webcast provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property.
    Register at http://www.aicpastore.com//PRD~PC-VCL4CCD/PC-VCL4CCD.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $159.00
    Non-Member: $199.00

This webcast is part of the Tax Staff Essentials program.

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This webcast provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations.

Topics Discussed

  • Capital improvements and repair
  • Adjusted tax basis
  • Tax depreciation and amortization
  • First year expensing-IRC section 179
  • Depreciation methods
  • Form 3115, change in accounting method

Learning Objectives

When you complete this course you will be able to:

  • Calculate the initial tax basis and adjusted tax basis of business property.
  • Recall how to determine the tax basis of self-constructed assets.
  • Distinguish between deductible repairs and capitalized improvements under new tax provisions.
  • Indicate the proper classification of expenditures for tax purposes.
  • Recall recent changes in the tax rules related to classification of expenditures.
  • Recognize deduction recognition issues related to amortization.
  • Recall fundamental points of the MACRS system of depreciation/cost recovery.
  • Recognize eligibility for immediate §179 expensing.

Who Should Attend This Event?

Public accounting staff and senior associates, tax professionals in finance or tax.

Important Information on Your CPE Credit

Discounts

Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$199 $159

5 - 9

$179 $145

10 - 20

$169 $135

21 +

$159 $129

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

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Speaker Bio

Kevin M. Krantz, CPA
McManamon & Co., LLC / Westlake, Ohio

Mr. Krantz has been the Director of Tax Services at McManamon & Co., LLC since November, 2005. For 15 years prior to that he worked for northeast Ohio regional CPA firms providing a variety of tax services to their clients.; He specializes in developing tax savings strategies for closely held businesses and their owners.

Kevin graduated from the University of Akron with a Bachelors of Science in Accounting in 1986 and returned to complete his Masters of Taxation in 1995. He has been a CPA in Ohio since 1988. Kevin is a published author with articles appearing in The Tax Advisor, National Health Advisor, among others.

Pamela Davis-Vaughn, CPA
Individual Practitioner / Painted Post, New York

Pamela J. Davis-Vaughn is a general practitioner providing accounting, tax, and consulting services to clients across the United States from her office in Painted Post, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech, and has been a highly rated speaker at the Controller's Roundtable, a sponsored event for controllers of automobile dealerships in Texas.

Pam has over 25 years of experience in both public and private accounting sectors. Her public experience ranges from a Big Four firm where she assisted several Fortune 500 companies in restructuring their operations to provide state income and franchise tax savings, participated on the mergers and acquisitions team, and served as the Southwest Area Employment Tax practice leader to providing tax consulting services for closely held businesses of a 16-partner, 100-staff Dallas CPA firm. Her experience in the private sector as CFO of a Dallas based manufacturer servicing the telecom industry and Tax and Accounting Manager of a large independent oil and gas company provides her with significant insight into the challenges faced by those practicing in industry.

Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University. She holds a license to practice in Kansas, Texas, and New York.

In addition to her accounting practice, Pam and her husband, Darryl, are owners of One Main Place Farms, an organic farming operation located in upstate New York.

System Requirements