Depreciation Issues For Commercial Property In Arizona Seminar training classes conferences & workshops presented by Lorman Education Seminars register for training on FindaSeminar.com

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Training Course Syllabus:

This seminar is designed for commercial property owners, health care facility owners, industrial and business controllers, CFOs, tax managers and officers, accountants, bookkeepers, real estate professionals and commercial leasing agents.

This course will serve as both an update to current developments and an overview of the issues related to depreciation of commercial property and its impact on income taxation. The course will discuss the opportunities available that have arisen from recent court cases and changes to federal tax law, as well as discuss areas where taxpayers often misclassify assets and cost themselves tax dollars. This course is designed to help those who advise clients on depreciation issues, such as attorneys and certified public accountants in public practice, as well as controllers and others working in organizations that have commercial property.

8:30 a.m. - 10:00 a.m.

I. Overview Of Depreciation And Commercial Property

A. Depreciation In General Under The Internal Revenue Code

1. What Gets Capitalized?

2. Depreciation Code Sections

3. Other Long-Term Recovery Sections

B. Classification Of Assets

1. MACRS Classes Of Assets

2. Other Types Of Depreciation

10:00 a.m. - 10:10 a.m.

Break

10:10 a.m. - 12:00 p.m.

II. Classification Of Property

A. Items Often Misclassified

1. Equipment Types

2. Items Associated With Real Estate

B. Hospital Corporation Of America Case

1. Court Decision

2. Related Authorities

C. Cost Segregation – Tax Saving Opportunities

1. Explanation Of The Process

2. Use Of Experts – Who Does This?

3. Documentation To Support The Allocation

12:00 p.m. - 1:00 p.m.

Lunch (On Your Own)

1:00 p.m. - 2:30 p.m.

III. Depreciation Changes Under 2002 And 2003 Laws

A. 50%/30% Bonus Depreciation

1. Qualified Assets

2. Original Use Requirement

3. Arizona Nonconformity

a. Year Of Acquisition

b. Annual Adjustments

c. Year Of Disposition

d. Effect Of Type Of Entity On Applicability

B. Expansion Of Section 179

1. Expanded Amounts Allowed

2. Limit On Total Assets Acquired

3. Expansion To Computer Software

2:30 p.m. - 2:40 p.m.

Break

2:40 p.m. - 4:30 p.m.

IV. Case Studies And New Developments

A. Cost Segregation Case Study

B. New Law Case Study

C. Recent Developments

Seminar Summary:

This course will serve as both an update to current developments and an overview of the issues related to depreciation of commercial property and its impact on income taxation. (see full course description)

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