Learning Objective: After completing this course, the student will be able to apply the repair and capital improvement regulations. The student will also learn how to make retroactive automatic accounting method changes on Form 3115 to bring past returns into compliance with the new regulations. The course covers the treatment of materials and supplies, the de minimis safe harbor rule, application of accounting procedures, treatment with and without an applicable financial statement, capital expenditures, unit of property, building systems, improvements (betterments), repairs and maintenance, and building safe harbors.
CPE Hours: Federal Tax Subject = 1 CPE Credit / Total = 1 CPE Credit
Accreditation: CTEC, IRS, Enrolled Agents, NASBA CPA
Field of Study: Federal Tax Subject
Publication Date: 5/2/2022
Instructional Delivery Method: Self-Study
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr., BSME, EA
Course Material: A copy of the course material is available for download under the Additional References tab.
Refund Policy: Your complete satisfaction is our #1 priority. At CountingWorks, Inc., we do whatever it takes to make sure your expectations are met on every order we complete. We back all of our products with a 10-day no-hassle money-back guarantee. For information regarding refunds, complaints, and program cancellation policies, please contact our Customer Service Department at 1-800-384-1101.
Certified Public Accountants: 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.
ClientWhys, Inc. (aka CountingWorks, Inc.) is an approved provider for IRS, NASBA QAS, and CTEC providing continuing education for CPAs, EAs, IRS, CRTPs.
Registration: Sign-up online by clicking add to cart above or by phone at 1-800-384-1101.