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Repair or Improvement? - San Jose Virtual Chapter Meeting 10.20.21
Wednesday, October 20, 2021, 6:00 PM - 8:00 PM PST
Category: Chapter Meetings

Repair or Improvement?
San Jose Chapter Virtual Meeting

Date:

Wednesday, October 20, 2021
6:00 to 8:00 PM

Location:

Online Meeting via Zoom
This will be a Zoom Meeting. Once you register and pay the Zoom link will be provided in your confirmation email for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. 

Description:

Today, we live in an era of 100% bonus depreciation. Understandably, it’s common to ask, “Why do I care if an item is a repair or improvement? I can just write it off using bonus!”. But if you really think about it, that new roof, kitchen remodel, property additions and certain other repairs do not qualify for bonus treatment. However, by properly applying the 2013 IRS Property Regs, you can write many of these items as repairs and improvements in the current year.

Learning Objectives:

#1: Recognize what property is subject to bonus depreciation and section 179 expensing

#2: Apply the 2013 IRS Property Regs to write off significant improvements to property

#3: Find new ways to make the Safe Harbor provisions work for your clients

Speakers: 

Ryan Reichert, CFP, EA
Ryan Reichert, CFP, EA is a practicing tax preparer and financial planner in Coronado, CA. He is also an instructor at Brass Tax Presentations and teaches for various tax chapters around the nation. Ryan is hyper-focused on understanding new tax law as it relates to individuals and small businesses. His background in business management, financial planning, and tax law allows him to interpret legislation to ensure taxpayers are taking full advantage of all opportunities available to them.

 

CPE Information:

2 Federal Law hours (Topics covering existing tax law)
IRS: 18QC1-T-01522-21-O
CTEC: 1000-CE-4922

Knowledge Level: Advanced (More experienced)

Cost:

Registration Fee (Member): $10
Registration Fee (Non-Member): $40


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: [email protected]