Repair Regulations: 2017 Update (WEBS0760)

Monday, January 15, 2018 | 1:00 PM - 3:00 PM (Registration at 12:30PM) EST |

Description

The repair regulations continue to be a particularly challenging area for tax practitioners. Though technically challenging, they also present very attractive opportunities to take large deductions when new property is acquired and existing properties are repaired. This program discusses the major components of the repair regulations, focusing on the areas that are most important to general tax practitioners with a variety of business clients.

Objectives

  • Understand and apply the final repair regulations to clients

Cost

Standard Registration: $89 SCACPA Members, $109 Non-Members

Major Topics

  • Materials and supplies
  • What is a Unit of Property?
  • Rotable, temporary, and standby emergency spare parts
  • Dispositions of property and their tax consequences
  • Demolition of a structure
  • Mandatory and elective partial dispositions
  • De Minimis Safe Harbor
  • Safe Harbor for small taxpayers
  • Routine maintenance safe harbor
  • Improvement Tests: Betterments, Restorations, and Adaptations to a new and different use 

DETAILS

Course Code:
WEBS0760

Credits:
2.00 Taxation

Field of Study:
Taxation

Vendor:
Surgent McCoy CPE, LLC

Course Type:
Webinars/Webcasts

Level:
Intermediate

Prerequisite:
An understanding of the tax rules relating to individual income tax

Advanced Preparation:
None

 

 

 

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