This course discusses the most recent tax law changes impacting the capitalization, depreciation and disposition of business assets, with a focus on Section 179 and Section 168(k) deductions, real property, and luxury auto depreciation.
Recent tax legislation and administrative developments related to capitalization and eligible property for Section 179 and Section 168(k). Discussion of the Section 179 and Section 168(k) deductions and their use to depreciate real property. Disposition of segments of real property. Exchanges of tangible personal property after repeal of the like-kind exchange rules. Luxury auto depreciation. Standard mileage rate and when to use it.
Basic working knowledge of tax depreciation.
Provide an update on the most recent legislation and regulations related to capitalizing, depreciating and disposing of business assets.
Steve Dilley is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 35 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics.
In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting. He was nominated in 2004 for the “Educator of the Year Award” and received the 2005 “Distinguished Achievement in Accounting Education Award” in Michigan. He also received the 2007 MSU Accounting and Information Systems Department Outstanding Teacher Award.
He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $99.00
Member Price $79.00