Capitalized Costs & Depreciation - Tax Staff Essentials

October 17, 2025 10:00am - 3:30pm

Online/Webcast

5.50 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

How do I treat a property transaction?
You’ll be able to answer this question after reviewing the IRS cost and repair regulations. By understanding capitalized cost and depreciation rules, you can help your clients achieve significant tax savings.

You’ll also learn about the rules for:

Depreciation

Amortization

Like-kind exchanges

Involuntary conversions

Business property sales

Property-related timing issues

Planning opportunities

What's going on with capitalized costs and depreciation?
Course materials cover the latest legislation, including:

Accounting method change requirements for capitalizing and amortizing Section 174 research and experimental expenditures

Changes to bonus depreciation percentages

Highlights

Tax basis of property acquisitions

Initial basis of property acquired in an exchange transaction

Materials, supplies, repairs and improvements

Accounting method changes

Depreciation: MACRS, Section 179 and bonus

Intangible assets and amortization

Organization and start-up costs

Research and experimental expenditures

Prerequisites

None

Designed For

Public accounting staff and senior associates

Tax professionals in company finance or tax departments

Objectives

Recall the initial tax basis of business property, including those purchased and acquired in an exchange transaction.
Identify the tax basis of self-constructed assets.
Distinguish between deductible repairs and capitalized improvements.
Recall the tax treatment of expenditures for materials and supplies.
Recall the fundamentals of modified accelerated cost recovery system (MACRS) depreciation.
Recognize which assets are considered listed property.
Identify intangibles that are subject to capitalization and amortization.