New Section 168(k) Bonus Depreciation Regulations: Claiming 100% First-Year Depreciation Deduction Under Tax Reform
Determining Qualified Property, Impact of Phase-Outs, Calculating Deduction
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers and compliance professionals with a thorough and practical guide to the new IRS proposed regulations on the increased bonus depreciation for new and used property. The panel will outline the bonus depreciation provisions and phaseouts, detail depreciation calculation methods, and discuss how to apply to individual taxpayers and disregarded entities.
- Tax reform law Section 168(k) bonus depreciation provisions
- Proposed regulations REG-104397-18
- Expansion of 100% first-year bonus depreciation to depreciable property previously used by another taxpayer
- Rules for determining qualified property
- Calculating the depreciation deduction
- Planning opportunities and risks
The panel will discuss these and other priority topics:
- What are the new rules for determining whether depreciable property qualifies for the 100% first-year depreciation deduction under Section 168(k)?
- How do the proposed regs address calculation of both bonus and other allowable depreciation for qualified property?
- How do the phase-outs of the 100% bonus depreciation application work?
- Grandfathering first-year 100% depreciation deduction for property placed into service in 2017 for calendar year taxpayers
Mr. McGuire's client work concentrates on depreciation law, fixed assets and cost segregation. Before founding the... | Read More
Mr. McGuire's client work concentrates on depreciation law, fixed assets and cost segregation. Before founding the firm, he worked in consulting and management roles with Big Four firms.Close
Mr. Meyette leads the firm's Tax Accounting Methods Practice and works with large and middle-market companies... | Read More
Mr. Meyette leads the firm's Tax Accounting Methods Practice and works with large and middle-market companies in a range of industries from manufacturing and distribution to healthcare. He is a frequent writer and speaker on federal tax topics.Close