Essential Depreciation and Expensing Update (WEBS0536)

Thursday, September 21, 2017 | 9:00 AM - 12:30PM (Registration at 8:30 AM) EST |


Individuals, corporations, partnerships, LLCs, trusts, estates, and nonprofits all utilize two of the most often prepared tax forms -- Form 4562 -- Depreciation and Amortization, and Form 4797 -- Sales of Business Property. This course provides a quick dissection of both of these complicated forms. New to experienced tax preparers may utilize this manual for all tax returns/entities they prepare. This reference manual contains many examples and cases to illustrate the most important points CPAs need to be aware of.


  • Fully understand two of the most commonly prepared tax forms
  • Understand assets from acquisition to disposition
  • Discuss cases highlighting some of the practical issues tax preparers face


Standard Registration: $139 SCACPA Members, $179 Non-Members

Major Topics

  • Updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015, plus complete coverage of any recent tax acts and any legislation enacted before the presentation
  • Now that §179 depreciation rules are permanent, when will they change?
  • Detailed coverage of §179 expense election and how to maximize its use, when to use it, and what property qualifies?
  • Sale of property and the depreciation recapture rules (§§1245, 1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  • MACRS Depreciation -- finding the proper method, convention, and recovery period
  • What is “Listed Property” and what are the current limitations?
  • Amortization of start-up, organization, and other expenditures
  • New regulations on capitalization of tangible assets and procedures for automatic changes in accounting method associated with the new depreciation rules
  • AMT depreciation adjustments and how to avoid them
  • Examples, cases, and rulings of depreciation and amortization issues and how they impact clients, along with the useful planning opportunities


Course Code:

4.00 Taxation

Field of Study:

Business Learning Institute

Course Type:


Basic knowledge of tax issues for property transactions

Advanced Preparation: