CPE & Events Catalog
Don Farmer's Repair Regulations in Practice: Capitalization vs. Expense VIRTUAL
This course examines the tangible property regulations with a focus on distinguishing deductible repairs from capital improvements. Participants will analyze unit of property rules, betterment, restoration, and adaptation standards, and available safe harbors. Practical examples demonstrate how to apply the regulations in examinations and planning contexts.
Learning Objectives
1. Apply the unit of property rules to real estate and equipment
2. Distinguish repairs from capital improvements
3. Analyze betterment, restoration, and adaptation standards
4. Utilize available safe harbors and elections
5. Identify audit risk areas related to repair regulations
Highlights
This course examines the tangible property regulations with a focus on distinguishing deductible repairs from capital improvements. Participants will analyze unit of property rules, betterment, restoration, and adaptation standards, and available safe harbors. Practical examples demonstrate how to apply the regulations in examinations and planning contexts.
Field of Study: Taxation
Who Should Attend
CPAs and tax professionals involved in the world of tax.
Required Knowledge
None
