
Capitalized Costs & Depreciation - Tax Staff Essentials
Depreciation, amortization, and capitalization all play an essential role in accurate tax reporting.
Format
Webcast
Date
Oct 17, 2025
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
5.5
Instructor
Shelley Rhoades-Catanach
Availability
Product Number
VTSECCD251017
How do I treat a property transaction?
You'll be able to answer this question after reviewing the IRS cost and repair regulations. By understanding capitalized cost and depreciation rules, you can help your clients achieve significant tax savings.
You'll also learn about the rules for:
- Depreciation
- Amortization
- Like-kind exchanges
- Involuntary conversions
- Business property sales
- Property-related timing issues
- Planning opportunities
What's going on with capitalized costs and depreciation?
Course materials cover the latest legislation, including:
- Accounting method change requirements for capitalizing and amortizing Section 174 research and experimental expenditures
- Changes to bonus depreciation percentages
Key Topics
- Tax basis of property acquisitions
- Initial basis of property acquired in an exchange transaction
- Materials, supplies, repairs and improvements
- Accounting method changes
- Depreciation: MACRS, Section 179 and bonus
- Intangible assets and amortization
- Organization and start-up costs
- Research and experimental expenditures
Learning Outcomes
- Recall the initial tax basis of business property, including those purchased and acquired in an exchange transaction.
- Identify the tax basis of self-constructed assets.
- Distinguish between deductible repairs and capitalized improvements.
- Recall the tax treatment of expenditures for materials and supplies.
- Recall the fundamentals of modified accelerated cost recovery system (MACRS) depreciation.
- Recognize which assets are considered listed property.
- Identify intangibles that are subject to capitalization and amortization.
Who Will Benefit
- Public accounting staff and senior associates
- Tax professionals in company finance or tax departments
Group ordering for your team
2 to 5 registrants
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