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SGV - Chapter Round Table Discussion Breakfast Meeting - 2.11.18
Marie Callenders City of Industry
1560 Albatross Rd Puente Hills Mall East
City of Industry, CA 91748
USA
Sunday, February 11, 2018, 9:00 AM - 11:30 AM PDT
Category: Chapter Meetings

CSTC SAN GABRIEL VALLEY CHAPTER

Date/Time:

February 11, 2018 from 9 to 11:30 a.m.

Event:

Chapter Round Table Discussion Breakfast Meeting

Date/Time:

February 11, 2018 from 9 a.m. to 11:30 a.m.

Location:

Marie Callenders
1560 Albatross Rd
Puente Hills Mall East
City of Industry, CA
Click here for a map.

Description:

Repairs and Improvements and Flow chart: The basic checklist of Examples on Repairs and Improvement items: When to capitalize and When to deduct property expenditures. Costs that are deductible keep the property in good operating conditions; don’t add value to the property and don’t prolong the property. Costs that must be capitalized: betterment, Improve value of the property/restores the property. MACRS recovery Period, Type of Material and Supplies and what are the Safe Harbor Election can a small taxpayer used and utilized. De Minimis Safe harbor Election and A Partial Dispositions. Option to disposal of partial existing assets and deduct remaining basis. As well as the unit of property - General Rule: Buildings, Leased Property and Network Assets.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.


Contact: Priscilla 323-401-4772, [email protected]