2024 MSCPA Annual Convention: Details

2024 Tax Depreciation: Review & Update

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Monday, November 25, 2024 @ 11:00am – 3:00pm
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Description

This course will address recent tax legislation, rules, and developments related to capitalization and depreciation; Section 179 and 168(k) 100 % bonus deduction; Depreciation of automobiles, including new luxury auto limits; ADS depreciation for electing farm and real estate business.

**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
  • Capitalization of tangible property, including materials and supplies, building and improvements
  • Small taxpayer safe harbor
  • Section 179, including 2020 inflation adjustment
  • Section 168(k) 100% bonus deduction

Objectives

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

Preparation

None

Credits

Category Amount
Taxation 4.00