Becoming a Tax Ninja: Lightning-Fast Depreciation WEBCAST

Overview

We’ll cover the new lightning-fast methods of depreciation provided by the Tax Cuts and Jobs Act and CARES Act. You’ll learn how to take fast depreciation, and how to take partial disposition losses when real property is remodeled or other improvements are made.

Highlights

Bonus depreciation after the Tax Cuts and Jobs Act. Schedule 179 and its application to real property. How and when the de minimis rules can be used on residential real property remodels. Utilizing the partial disposition election when remodeling real property.

Prerequisites

Some knowledge of tax depreciation.

Designed For

CPAs and CPA aspirants in public practice and tax staff in private practice who have a some experience with tax depreciation.

Objectives

Determine the best depreciation method for real estate improvements. Determine which cost recovery method is best in specific client situations. Apply the new rules for de minimis expensing updated for affects of the Tax Cuts and Jobs Act. Apply the bonus depreciation rules for qualified improvement property under the CARES Act. Calculate partial disposition losses. Phantom income - the downside to lightning-fast depreciation. Minimizing ordinary income on the sale of property.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Gregory White, President, WGN PS

Leader Bios

Gregory White, President, WGN PS

4.96 stars out of 5
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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