Form 1120 - Depreciation  

This program addresses how to properly report depreciation expense on Form 1120 and Form 4562, the characteristics of depreciable assets, the methods and conventions used in depreciating property, including MACRS depreciation of real and personal property, the current IRC Sec 179 deduction limits, bonus depreciation, the luxury auto depreciation rules, ACRS depreciation, the income forecast method of depreciation, and the capitalization and amortization rules relating to IRC Sec 197 intangible assets. This program also includes reference to the proposed regulations issued September 12, 2024 (IR-2024-235) related to the corporate alternative minimum tax enacted with the Inflation Reduction Act of 2022. This course is most appropriate for the professional with detailed knowledge of depreciation in federal taxation.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.