Surgent's Repair Regulations Update (REPR)

REGISTRATION STATUS: CLOSED - Online registration for this event is closed. Please contact Member Services for registration information.

Date:Tuesday, January 15, 2019
Time:12:00PM - 2:00 PM
CPE Credit:2.0 Tax
Vendor:Surgent Professional Education
Course Level:Intermediate
Fee:$89 ASCPA Members, $119 Non-Members

  • 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 

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.

  • Understand and apply the final repair regulations to clients

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

An understanding of the tax rules relating to individual income tax

Advanced preparation: