Section 179 and Bonus Depreciation - CTEC
Overview
The course titled Section 179 & Bonus Depreciation examines the rules applicable to claiming §179 and the special depreciation allowance—bonus depreciation, in other words—along with a discussion of IRS Form 4562 used to claim both accelerated depreciation deductions.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- Describe the rules applicable to and the property eligible to claim the §179 deduction and special depreciation allowance
- Assess the §179 deduction for businesses exceeding the phaseout threshold
- Discuss the similarities and differences between the special depreciation allowance and the §179 deduction
- Discuss the records that must be kept by a business claiming the §179 deduction and special deduction allowance
- Describe the circumstances under which a taxpayer must complete and file an IRS Form 4562
Designed For:
CPAs, EAs, and other tax professionals
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Course Information
Adding additional credit may change exam requirements.
| Advanced Preparation: | None |
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