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
CPE and Enrolled Agents Credit: Participants can earn up to 2.0 CPE credits in the Taxes field of study. The course is also eligible for credit for Enrolled Agents. Please note that CPE and Enrolled Agents credit is only available for viewing the live program.
100% Money-Back Cancellation and Refund Policies: If you can’t make the live webinar, you may cancel at any time before the webinar begins for a full refund. If you are not satisfied with the webinar, we will provide you a full refund. For more information regarding refund, complaint and program cancellation policies, please call us at 703-372-0550.
Program Level: Intermediate
Advanced Preparation: None
Instructional Method: Group-Internet Based
National Registry of CPE Sponsors: Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.