National Association of Tax Professionals
Online Workshop
Register: Coming Soon!
CE: 2 hours
Our jobs as tax professionals often require us to sort through our client’s documents to determine which purchases are immediately deductible and which are fixed assets that are capitalized. This webinar explains the fundamentals of distinguishing the difference between a deductible and a capitalizable fixed asset. Additionally, we will cover determining the fixed asset’s basis, class life, convention and placed-in-service date. Also, we will cover when taxpayers are be eligible for the special bonus depreciation deduction or §179 deduction.