CHECKPOINT LEARNING® > Certificate Programs

Checkpoint Learning Tangible Property Certificate Program  
[clipart] TANGIBLE PROPERTY

Capitalize on the opportunity to better serve clients.

The treatment of fixed assets, such as land, building and equipment, is a critical area in every business. It is sometimes difficult for the practitioner to differentiate between a repair of a major asset and a replacement, which have two quite different accounting treatments.

The IRS spent 10 years developing regulations that provide guidance on frequently encountered issues like these and details what should be capitalized as the cost of a tangible asset. The purpose of capitalization is to match expenses to revenue, and these regulations are intended to provide clarity on this principal as it applies to tangible assets.

The Checkpoint Learning Tangible Property Certificate Program is designed to assist professionals in the proper application of tax treatment in the identification, depreciation and disposal phase of the asset life cycle. This program consists of six interactive online courses (1 – 13 CPE credits each) covering tangible property determination and treatment in detail and a web-based exam testing overall comprehension.

 

 
$499
Buy Now
 
 
DOWNLOAD BROCHURE
DOWNLOAD
BROCHURE

 

ONLINE COURSES   FINAL EXAM   CERTIFICATE
ONLINE COURSES   FINAL EXAM   CERTIFICATE
Six interactive online courses covering Tangible Property in detail.
 
MORE...
  The program concludes with a 79-question web-based exam testing overall comprehension.
 
MORE...
  Checkpoint Learning Tangible Property Competency CertificateTM
 
MORE...

 

 
 

PROGRAM DETAILS

This certificate program consists of six interactive online courses (1 – 9 CPE credits each) covering tangible property determination and treatment in detail. The program includes a comprehensive final exam consisting of 79 multiple-choice questions to test comprehension. Note, each individual course also concludes with an exam for CPE credit as they are passed. Both the courses and the final exam are delivered via the Checkpoint Learning platform.
 

  • Repairs or Capitalize. When a taxpayer incurs an expenditure on an asset after the asset has been placed in service, the expenditure may be classified as a repair expense, maintenance expense or improvement. This course provides a look at the regulations and provides guidance to help the taxpayer determine if the expenditures should be capitalized under IRC Section 263(a).
    + DETAILSDETAILS ↓ 
    Title:
    Repairs or Capitalize
    Format:
    Online self-study course
    Prerequisite:
    None
    Advance Preparation:
    None
    Knowledge Level:
    Basic
    Subject Matter Area:
    Taxes
    Recommended CPE Credits:
    2 QAS/Registry (50-minute hour)
    Date of publication:
    April 2016
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher
  • Capitalization of Tangible Assets Regulations. This course discusses the most recent regulations regarding deduction and capitalization of expenditures related to tangible property. The first chapter discusses distinguishing between incidental materials and supplies, non-incidental materials and supplies, and those used to improve property. This chapter will then discuss the appropriate treatment of rotable and temporary spare parts, using case studies to illustrate key elements. The second chapter discusses the rules of capitalization under Section 263(a) and provides an overview of the de minimis provision and discusses applying regulations regarding determination of the unit of property. It goes on to apply these rules to improvements, and discusses the distinction between improvement and routine maintenance.
    + DETAILSDETAILS ↓ 
    Title:
    Capitalization of Tangible Assets Regulations
    Format:
    Online self-study course
    Prerequisite:
    1 - 2 years tax experience
    Advance Preparation:
    None
    Knowledge Level:
    Intermediate
    Subject Matter Area:
    Taxes
    Recommended CPE Credits:
    3 QAS/Registry (50-minute hour)
    Date of publication:
    October 2015
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher
  • Overview of Gain and Loss Treatment for Tangible Property. It is common in the course of doing business to dispose of tangible property. However, the tax treatment of the dispositions can be complex. You must consider whether the disposition is voluntary or involuntary, you must consider the depreciation that was previously recognized on the asset and, ultimately, you must apply these provisions to determine if the gain is characterized as capital or ordinary income. This course provides an overview of items to consider when disposing of tangible property and will help the professional make these determinations.
    + DETAILSDETAILS ↓ 
    Title:
    Overview of Gain and Loss Treatment for Tangible Property
    Format:
    Online self-study course
    Prerequisite:
    None
    Advance Preparation:
    None
    Knowledge Level:
    Basic
    Subject Matter Area:
    Taxes
    Recommended CPE Credits:
    1 QAS/Registry (50-minute hour)
    Date of Publication:
    August 2016
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher
  • Depreciation: Modified ACRS. This course provides a thorough, practical analysis of ACRS, MACRS and ADS. Examples illustrating the calculation of alternative minimum tax depreciation and luxury automobile caps on annual cost recovery is provided as well as detailed and specific instructions on how to calculate additional first-year depreciation.
    + DETAILSDETAILS ↓ 
    Title:
    Depreciation: Modified ACRS
    Format:
    Online self-study course
    Prerequisite:
    Two years of accounting experience with depreciation calculations
    Advance Preparation:
    None
    Knowledge Level:
    Intermediate
    Subject Matter Area:
    Taxes
    Date of Publication:
    July 2016
    Recommended CPE Credits:
    9 QAS/Registry (50-minute hour)
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher
  • Individual Income Tax: Depreciation. This course covers depreciation for all types of depreciable property. It includes the latest rules on Section 179 including expensing for qualified real property. This course covers depreciation of tangible personal property, including issues concerning the MACRS recovery periods, additional first-year depreciation and modifying conventions. It also covers depreciation in the year of disposition and the alternative depreciation system. Also covered are the discussion of depreciation of tangible personal property, real property, improvements to land and leasehold improvements. The course concludes with a case study that will review the majority of the concepts covered in this course.
    + DETAILSDETAILS ↓ 
    Title:
    Individual Income Tax: Depreciation
    Format:
    Online self-study course
    Prerequisite:
    None
    Advance Preparation:
    None
    Knowledge Level:
    Basic
    Subject Matter Area:
    Taxes
    Date of Publication:
    February 2016
    Recommended CPE Credits:
    8 QAS/Registry (50-minute hour)
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher
  • C Corporations: Tax Depreciation and Amortization. Dynamic, growing corporations often acquire new buildings and equipment and dispose of other fixed assets in the course of a year. Both the corporate accountant and outside auditors should understand the tax treatment for these acquisitions and dispositions. All aspects of corporate taxation for property is covered, including capital gains and losses, determining assets classified as Section 1231 assets, Sections 1245 and 1250 recapture provisions upon disposition of assets, Section 291 recapture provisions applicable to corporations, amortization of goodwill and other intangible assets, expansion of bonus depreciation and applicability to recapture provisions, casualty losses and other involuntary conversions of property, including condemnations and seizures of business property.
    + DETAILSDETAILS ↓ 
    Title:
    C Corporations: Tax Depreciation and Amortization
    Format:
    Online self-study course
    Prerequisite:
    None
    Advance Preparation:
    None
    Knowledge Level:
    Basic
    Subject Matter Area:
    Taxes
    Date of Publication:
    April 2016
    Recommended CPE Credits:
    4 QAS/Registry (50-minute hour)
    Expiration Date:
    One year from date of receipt to complete program and submit quizzer to obtain credit
    Passing Grade for Quizzer:
    70 percent or higher

FINAL EXAM
The final step is a comprehensive, web-based exam comprised of 79 multiple-choice questions.

+ DETAILSDETAILS ↓ 
Title:
Final Exam for Tangible Property Certificate Program
Format:
Final Exam
Prerequisite:
All online self-study courses
Advance Preparation:
None
Knowledge Level:
Basic
Subject Matter Area:
Taxes
Passing Grade:
70% or higher
 

 

Program Duration
The program can be completed in as little as one week or at your speed, up to one year.
 

CPE CREDITS
The Tangible Property Certificate Program provides learners with an opportunity to earn approximately 31 hours of Continuing Professional Education credit upon successful completion of the required courses.
 

PROGRAM COMPLETION
Those who successfully complete the program will be mailed a frameable Checkpoint Learning Tangible Property Competency Certificate. Certificate holders can add this accomplishment to their resume or LinkedIn® profile and opt to be published on a list of program graduates on the Checkpoint Learning website.
 
 

QUESTIONS
If you have additional questions on this certificate program, please call us at 800.231.1860.
 

COST
$499 per user.
 

ORDER
Buy Now
Or, to purchase multiple seats for your team or firm, please call us at 800.231.1860.