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Capitalize vs. Expense: Final Regulations and Form 3115 (3584)
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This course will cover the many tax issues that must be resolved in order to understand the impact of Section 263(a) final repair regulations effective January 1, 2014, with a focus on regulations under various Code Sections dealing with repair vs. capitalization determination; depreciation-related issues; de minimus repair rules; real property vs. tangible property distinction; and filing Form 3115.

8/6/2015
When: 08/06/2015
8:00 AM - 12:00 PM
Where: Webcast/Webinar
Presenter: Douglas J. Van Der Aa, CPA, JD
Contact: April Deneault
801-834-6634

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This course will cover the many tax issues that must be resolved in order to understand the impact of Section 263(a) final repair regulations effective January 1, 2014, with a focus on regulations under various Code Sections dealing with repair vs. capitalization determination; depreciation-related issues; de minimus repair rules; real property vs. tangible property distinction; and filing Form 3115.
 

Objectives:

How to apply the new rules regarding repair vs. capitalization regulations. When Form 3115 is necessary and how to complete and file it. Planning opportunities and potential pitfalls.

 

Major Subjects:

General framework of the new regulations. Form 3115: How to know if you need to file, and if so, how to complete the form. Amounts paid to acquire or produce tangible property. Improvements of property. Materials and supplies. Repairs. Rentals and leased property. Depreciation changes, including the elimination of group accounts. Likely changes in accounting methods and Section 481 adjustments.
  

 

Designed For:

CPAs working in public accounting and members in industry seeking an increased understanding of these important regulations and how the rules impact the treatment of repairs and capital expenditures.

 

Prerequisite: 

None

 

Advanced Prep:

None

  

Speaker:  Douglas J. Van Der Aa, CPA, JD

Vendor:   Federal Tax Workshops, Inc.

Field of Study: Taxation

Level:   Intermediate

CPE Credit:    4 Hours

Acronym:   TCEFR4

 

Registration Fees:

$ 158

  

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