- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
Checkpoint Learning
Course Detail
This course covers several advanced topics under the Modified Accelerated Cost Recovery System (MACRS). The first chapter starts with depreciation in short tax years and then covers limited expensing (IRC Section 179) and situations when the basis of property must be adjusted. The second chapter discusses depreciation limits on passenger automobiles and light vans and trucks. It also covers limits on equipment that is not used 100 percent for business (listed property). Finally, the second chapter will introduce the alternative depreciation system (ADS) and its interaction with the listed property rules.
Included with subscription(s):
Real Estate Taxation - Owning Apartments, Office Buildings, and Shopping Centers
Most practitioners have clients that own or operate real estate, from a single rental hous...
$69
3 credits
Online and Mobile Courses
Capital Gains and Losses - Delayed or Nonrecognized Transactions and Special Situations
This course leads the tax preparer through capital transactions where recognition of the c...
$69
3 credits
Online and Mobile Courses
IRS Audits, Litigation and Regulation of Tax Return Preparers
This course differentiates between the different types of tax audits and explains the tax ...
$69
3 credits
Online and Mobile Courses
Oil and Gas Taxation - Operations, Unit of Property and Development
This is the first course in a series providing a comprehensive presentation of oil and gas...
$69
3 credits
Online and Mobile Courses
Depreciation - When MACRS Does Not Apply
This course covers cost recovery deductions that fall outside of the scope of Modified Acc...
$29
1 credits
Online and Mobile Courses
Depreciation - MACRS Recovery Periods and Modifying Conventions
This course covers the concepts of recovery periods, modifying conventions, and the use of...
$29
1 credits
Online and Mobile Courses
Depreciation - Overview of MACRS Basis Concepts
This course presents basis concepts for MACRS depreciation including determining basis of ...
$29
1 credits
Online and Mobile Courses
Form 1120 - Cost of Goods Sold
There are two special considerations in determining the cost of goods sold: the method(s) ...
$29
1 credits
Online and Mobile Courses