IRS Repair and Maintenance Regulation Update (OnDemand Webinar)

$219.00

SKU: 408095EAU

Description

Learn how to comply with the repair and maintenance regulations and where to make the necessary accounting method changes.The final tangible property repair regulations are in full effect, yet many taxpayers are not in compliance or are missing opportunities to take full advantage of these new rules. This topic covers compliance requirements as well as potential tax planning strategies on both a retroactive and prospective basis. This material will also cover indepth examples and reallife case studies. You will be better able to identify tax saving opportunities and be in compliance with these new regulations.

Date: 2021-03-30 Start Time: End Time:

Learning Objectives

Repair Regulations Overview and Practical Considerations
• Common Changes in Accounting Methods and Optional Elections
• The De Minimis Safe Harbor and the $5,000/$500 Thresholds
• The Routine Maintenance Safe Harbor
• Relief for Small Businesses
• Disposition Rules
• Definitions of Betterments, Adaptations, and Restorations With Examples
• Rules for Materials and Supplies

AIPB ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Malik Javed, CCSP-KBKG