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Surgent's Repair Regulations Update (REPR)
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The repair regulations continue to be a particularly challenging area for tax practitioners. Though technically challenging, they also present very attractive opportunities to take large deductions when new property is acquired, and existing properties are repaired. This program discusses the major components of the repair regulations, focusing on the areas that are most important to general tax practitioners with a variety of business clients.

1/15/2019
When: 11:00 AM
Where: WEBINAR
SURGENT
REPR-2018-01-WEBNR-15-01
United States
Contact: April Deneault
8018346634


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Acronym REPR
CPE 2 hours
Category
Taxes
Level Intermediate
Vendor Surgent
Who should attend

Tax practitioners advising clients as to whether expenditures relating to the acquisition and maintenance of tangible property must be capitalized or may be expensed

Prerequisite
An understanding of the tax rules relating to individual income tax
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$107

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
The repair regulations continue to be a particularly challenging area for tax practitioners.  Though technically challenging, they also present very attractive opportunities to take large deductions when new property is acquired, and existing properties are repaired. This program discusses the major components of the repair regulations, focusing on the areas that are most important to general tax practitioners with a variety of business clients.

Major Topics

  • Materials and supplies
  • What is a Unit of Property?
  • Rotable, temporary, and standby emergency spare parts
  • Dispositions of property and their tax consequences
  • Demolition of a structure
  • Mandatory and elective partial dispositions
  • De Minimis Safe Harbor
  • Safe Harbor for small taxpayers
  • Routine maintenance safe harbor
  • Improvement Tests: Betterments, Restorations, and Adaptations to a new and different use
  • Relationship of the repair regulations to the new depreciation rules

Objectives

  • Understand and apply the final repair regulations to clients

 

 

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