- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
This course covers cost recovery deductions that fall outside of the scope of Modified Accelerated Cost Recovery system (MACRS). An understanding of MACRS rules is not necessary to be understand the concepts presented, but it is helpful. Chapter one looks at the cost recovery (amortization) of intangible property. Chapter two deals with tangible property that is excluded from the MACRS rules. It also addresses alternative minimum tax (AMT) and changes in use of property.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize the cost recovery of intangible property; and
identify tangible property that is excluded from the MACRS rules.