The Internal Revenue Service (IRS) has finalized the regulations regarding the deduction and capitalization of expenditures related to tangible property (commonly referred to as the repair and maintenance regulations). There are new provisions in the regulations that you should be aware of and affect virtually all types of businesses. This webinar will provide an overview of the IRS regulation governing repairs & maintenance. Among other things, this presentation will review Rev Proc. 2015-20 and the 3115 relief for small taxpayers. Upon completion of the course, you’ll be able to:
- Define the three capitalization standards
- Describe the various components of a building
- Identify if an expenditure can be expensed or must be capitalized
- Recognize changes and updates to the regulations since release
- List the five main areas affected by the finalized IRS regulations
Jim Forbes, CPA, is tax partner in the Cleveland office of Skoda Minotti. Mr. Forbes has over 20 years of public accounting experiences. Mr. Forbes specializes in all aspects of corporate tax and has conducted numerous repair and maintenance studies for clients. He is a graduate of University of Toledo.
Dennis C. Murphy
Dennis C. Murphy Jr., CPA, CCA, is senior manager in Cleveland office of Skoda Minotti. Mr. Murphy Jr. has over 10 years of public accounting experience with a focus on real estate and construction industries. Mr. Murphy Jr. is a member of the NAIOP (Commercial Real Estate Development Association) Developing Leaders Program. He is a graduate of Ohio University.
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In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.
What is a webinar?
A webinar is simply a seminar that you attend online. You either watch a live video feed of the speaker or listen to the speaker through your computer, tablet or phone’s audio. You see the speaker’s slides, videos, and other presentation materials on your screen.
Can I ask questions during the webinar?
Yes. During the live webinar, you may submit questions and comments and the speaker will respond verbally. For a recorded webinar, your questions will be emailed to the speaker. You will typically receive a response from the speaker within two business days.
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If I can’t attend a webinar live, can I view the recording later?
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An on-demand webinar is a previously recorded webinar that you may view at any time after your purchase for up to 12 months.
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You can stop a recording and later log back in and navigate to any point in the webinar. The system will not force you to view the entire recording from start to finish.
Can I listen to recorded webinars on a tablet or smartphone?
Yes. You will be able to listen to any of our on-demand webinars on your computer, tablet, or smartphone.
Is there a deadline to register for a webinar?
You can register for a live webinar up until the time the webinar begins.
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Can I view the webinar even if Clear Law Institute has not yet received my check?
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I have not received an email with instructions on accessing the webinar. What should I do?
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Do the webinars qualify for Continuing Education Credit?
Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit. Unlike many providers, we don’t charge you any additional fee to process your credit. If you have specific questions, please call us at 703-372-0550 or contact us.
Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.
Will I receive a certificate of completion after the course?
Yes. A certificate of completion will automatically be uploaded to your Clear Law Institute account after completing the live or on-demand webinar.
Do I need to be a member to receive a certificate of completion?
No. An account will automatically be created for you when registering for a webinar. You will then be able to access your certificate of completion after completing a webinar.
How do I determine my states’s CLE requirements.
Please find your state listed here with instructions for calculating the number of credits in your state.
How will I submit my attendance to receive CLE credit in my state?
Please find your state listed here with instructions for confirming your CLE attendance.
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Your account is where you can find a list of all webinars you’ve registered for, download event materials, and download certificates after completing webinars. All of this information will be kept in your account so that you can easily track your webinar registrations and continuing education credits.
I completed a webinar, but it is still showing as incomplete in my account.
You may need to hit the verify attendance or mark as complete button next to the webinar title in your account. If hitting this button does not work, please call us at 703-372-0550 or contact us.
The materials for my upcoming webinar aren’t available to download.
Materials are available 24 hours prior to the live webinar. If it is past this time and you are unable to download the event materials, please call us at 703-372-0550 or contact us.
I downloaded my certificate of completion, but it doesn’t have my continuing education information listed on it.
You may need to update your continuing education profile. You can do this in your account under the My Profile tab. Once updated, this information will be automatically updated on your certificates.
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You can reset your account password here. Your username will always be the email address that you used to register for the webinar.
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