Opting Out of Bonus Depreciation - 0.2 CPE

Course Overview

Opting out of bonus depreciation can sometimes produce a more favorable long-term tax outcome than taking the largest immediate deduction. This Nano Learning course examines the rules for electing out, including asset-class requirements, filing procedures, correction opportunities, and state tax conformity considerations. Participants will learn how to assess whether an election supports a taxpayer's broader depreciation and tax planning objectives.

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What You'll Learn

Assess when electing out of bonus depreciation may provide a more favorable tax outcome based on a taxpayer's circumstances and long-term planning objectives.

Who This Course Is For

Tax and accounting professionals who advise clients on depreciation elections, business asset purchases, pass-through entities, state conformity issues, and long-term tax planning strategies.

Course Details

CountingWorks, Inc. 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 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.nasbaregistry.org.