Understanding Depreciation Related Acquisition Issues

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Description

Understanding Depreciation Related Acquisition Issues
IRS Program #: X9QQU-T-00971-23-O
CTEC #: 6257-CE-0149
Speaker: Jane Ryder, EA, CPA

Owning real estate provides many tax planning opportunities with many beginning at acquisition. During this session, we will focus on the many considerations surrounding depreciation including class lives, conventions, and the impact of cost segregation. Making proper elections under 179 and bonuses will have a direct effect on both the current tax return and future years.

Learning Objectives:

Identify the proper class life and depreciable methods available for different properties.
Determine if certain assets are Qualified Improvement Property.
Determine if assets qualify for Section 179 and/or Bonus depreciation.
Evaluate the tax value of certain elections.
Review the application and potential benefits of a cost segregation study.

Contributors

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA, has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm, Brass Tax Ryder Professional Group, Inc., and writes and speaks on many income taxes, business compliance, and accounting topics. She received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an enrolled agent.

Jane has a business-centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC's, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance related issues.