2024 MSCPA Annual Convention: Details

2024 Depreciation: Guide to Capitalizing Tangible Property

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Monday, September 9, 2024 @ 9:00am – 11:00am
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Description

This presentation highlights the latest legislative changes affecting depreciation and capitalization rules, including inflation increases and Section 179 and 168(k) deductions.  Planning and potential pitfalls will also be presented. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of tax depreciation

Highlights

  • Recent tax legislation, rules and developments related to capitalization and depreciation
  • Qualified improvement property
  • Section 179, including inflation adjustments
  • Section 168(k) 100% bonus deduction
  • Depreciation of automobiles, including new luxury auto limits
  • ADS depreciation for electing farm and real estate business
  • Update on recent developments

Objectives

  • Identify the latest legislation and regulations regarding depreciation and capitalizing business assets

Preparation

None

Credits

Category Amount
Taxation 2.00