Depreciation - Understanding Changes

2 Hours

This course will explain the specific depreciation changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) and the CARES Act.  There are issues and options with Section 179 and Bonus depreciation that must be carefully addressed.  We will highlight unique issues with the De Minimis Rules.  You’ll learn how to take fast depreciation, how to minimize recapture income on the sale of property, and how to slow down depreciation if the situation calls for that.  This program will focus on what has changed under the new tax law and useful techniques practitioners can use to reduce overall tax liability.

SPEAKER: James F. Tice, EA

Mr. James Tice is a distinguished leader in the firm’s tax practice. He specializes in organizing, preparing, and supervising complex tax planning and compliance for various tax-exempt organizations and small businesses. Mr. Tice frequently lectures on a wide range of topics, including tax, business, and ethics. He has been actively involved with the Pennsylvania Society of Tax & Accounting Professionals since 2005 and has been enrolled to practice before the IRS since 2012.