2015-2016 Federal Tax Update: Capitalization versus Repairs and Researching Tax Answers (Currently Unavailable)

Author: Stuart P Sobel

Stuart will provide a current update on capitalization versus repairs tax issues. He will also provide useful tools that will enable you to do your own tax research on the IRS website.

Publication Date: October 2015

Designed For
All tax practitioners in public and private practice who need to understand the basics and recent changes in the tax law and procedures.

Topics Covered

• Legislative background
• Legislative background
• Materials and supplies
• Tangible property regulations review
• IRC section 481(a) adjustment overview
• 2015 revenue procedures affecting tangible property
• Is a change in accounting method necessary or advisable?
• Filing Form 3115
• IRS reference rationale
• Researching the Internal Revenue Manual

Learning Objectives

• Avoid tax preparation mistakes for depreciation on 2015 tax returns.
• Understand when to secure a change in accounting method in depreciation and capitalization issues.
• Identify useful techniques for finding answers on the IRS website.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (6 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None