Certified Real Estate Accounting & Tax Experts (CREATE) Educational Series
The Art of Tax Depreciation
Understand the Mechanics of Tax Deductions to Maximize Benefits for Your Clients
In the complex world of tax and accounting, understanding depreciation is crucial for maximizing tax benefits and ensuring compliance. This webinar dives deep into the mechanics of tax depreciation, providing you with the knowledge and tools to optimize your practice.
Objectives
- Understand the Fundamentals of Depreciation: Gain a comprehensive understanding of what depreciation is.
- Determine Depreciation Timing: Master the principles for determining when depreciation starts and ends, ensuring accurate financial and tax reporting.
- Apply MACRS Effectively: Deepen your knowledge of the Modified Accelerated Cost Recovery System (MACRS), including allowable methods, recovery periods, and appropriate conventions for different types of property.
- Leverage Bonus Depreciation: Learn how to apply bonus depreciation to maximize tax benefits for eligible assets.
- Calculate Cost Basis: Accurately determine the cost basis of depreciable property to ensure correct depreciation calculations and tax compliance.
Who Should Attend
All staff, seniors, managers, principals, and partners of your team who work with real estate clients. This thorough webinar is geared towards newer staff or those wanting a refresher on work such as closing statements, when is an asset placed in service, etc.
Event Details
- Date: July 17, 2024
- Time: 2pm Eastern / 11am Pacific
- Length: 2 hours
- CPE Credits: 2
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Previous CREATE webinar session topics included:
- Top Four Questions and Answers on Real Estate Income Taxes
- Cost Segregation After TCJA & CARES Act
- Tangible Property Regulations 2021 & Beyond
- What is the Best Choice – De Minimis, Bonus Depreciation, Section 179 Expensing or De Minimis
- Understanding Section 1245, 1250 and 1231 and How they Apply to Real Estate Transactions, including Partial Dispositions
- Passive Activity Losses, Real Estate Professionals & Energy Studies