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CSTC Academy: Wednesday Webinar Series - Repair or Improvement?
Wednesday, September 08, 2021, 10:00 AM - 11:40 AM PST
Category: Wednesday Webinar Series

Repair or Improvement?
Wednesday, September 8, 2021
10:00 AM to 11:40 AM

Cost: Member: $40 / Non-Member: $70

Speaker: Ryan Reichert, CFP, EA
2 Federal Law Hours
IRS: 18QC1-T-01522-21-O
CTEC: 1000-CE-4922

Session 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.

Knowledge Level: Intermediate

#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

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.