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Navigating Fixed Assets and Depreciation On-Demand Webinar

Summary

Our jobs as tax professionals often require us to sort through our client’s documents to determine which purchases are immediately deductible and which are fixed assets that are capitalized. This webinar explains the fundamentals of distinguishing the difference between a deductible and a capitalizable fixed asset. Additionally, we will cover determining the fixed asset’s basis, class life, convention and placed-in-service date. Also, we will cover when taxpayers are be eligible for the special bonus depreciation deduction or §179 deduction. Lastly, we will prepare Form 4562, Depreciation and Amortization.

Objectives

Upon completion of this course, you will be able to:

  • Determine when an asset must be depreciated
  • Explain how to determine class lives for assets
  • Summarize the various depreciation conventions
  • Define when a taxpayer can utilize bonus depreciation or §179
  • Prepare Form 4562

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Brad Messner, MBA, EA

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