Tax Talk Today - The Task Show For The Tax Pro

Depreciation and Amortization: It’s Only a Matter of Time

This program was recorded live on Tuesday, June 12, 2018
You have one year from airing date to use this course as credit.

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Continuing Education

CPE Program Knowledge Level: Update
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0126
IRS/RPO Approved Program
#7ZBUJ-T-00067-18-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00067-18-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)

Program Content

This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A moderated panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page.

The program, through a lively round-table discussion and real time interaction with the audience, examines allowances provided by federal tax law for depreciation and amortization. The program will focus on the cost or other basis used for the depreciation of capital or income- producing assets, and the recovery of those costs under the MACRS of depreciation. Panelists also will examine the limited election to expense, rather than capitalize the cost of certain assets. Further, the panel will examine special amortization provisions, including start-up costs, section 197 intangibles, and others.

By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of asset costs that must be capitalized and recovered through depreciation, assets that are eligible for the election to expense costs and the limits on that election, and the various expenditures that may be subject to special amortization provisions.

Program Learning Objectives

1) Identify the appropriate declining balance for 3, 5 and 7 year class life property.

2) Identify the number of different class lives for MACRS depreciation.

3) Identify what qualifies for a Section 179 deduction.

4) Identify the form used to report any income from the recapture of a Section 179 deduction.

Program Outline


Alan Pinck, EA
A. Pinck & Associates

Alan Pinck is an Enrolled Agent with over 25 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. He is currently a speaker at the NTPI events, CSEA Super Seminar as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.

IRS Panelist


Daniel R. Lauer, CPA
Director, Examination - Specialty Policy

Daniel (Dan) Lauer is currently the Director, SB/SE Examination Specialty Policy. Dan has served the IRS over the past 35 years in numerous Examination managerial positions including Acting Director, SB/SE Examination Specialty Case Selection, Acting Director, SB/SE Field Examination.

Dan holds a Bachelor of Science degree in Accounting and Business Management from St Joseph's College and is a Certified Public Accountant.

Industry Panelists

James (Jim) R. Adelman, EA
Owner of Tax & Financial Services, LLP.

James has been a practicing enrolled agent  and a member of NAEA since approximately 2001. As an NTPI Fellow, he has a degree in accounting and has been employed for 22 years with the law firm of Frasier, Frasier & Hickman, LLP of Tulsa, Oklahoma.  At the firm, James handled a large number of tax representation cases.  In January of 2015, he formed his own firm, Tax & Financial Services, LLP.  He has also served as President of the Oklahoma Society of Enrolled Agents and is currently NAEA's Immediate Past President, after serving as NAEA's President during the 2017-2018 governance year.

James has served as Chairman of the Relocation Task Force and served for two terms on the Affiliate Council, the Governance Committee, the Nominating Committee, the Board of Directors, and as the at-large member of the Executive Committee.


Chris Hardy, EA, CFP®, ChFC®, CLU®
Owner and Managing Director of Paramount Tax and Accounting, LLC

Chris Hardy is the owner and Managing Director of Paramount Tax and Accounting, LLC, a tax planning, preparation and representation firm based in Metro Atlanta. He also is the owner and Director of Planning and Investments for Paramount Investment Advisors, Inc., a comprehensive fee-only, financial planning and wealth management firm. He holds a Bachelor of Science in Business from Lee University in Cleveland, TN and continued his education by earning additional specialty designations including the Certified Financial Planner (CFP®), enrolled agent, Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU).

Chris is also a fellow of the National Association of Enrolled Agents' National Tax Practice Instituteâ„¢ program. Chris is an active nationally as a speaker at many industry associations events and educational institutions on topics ranging from tax compliance to investment management. His expertise has been relied upon for articles in The Wall Street Journal, Forbes, as well as many others. He also is a regular contributor to the educational websites NerdWallet and Investopedia.

Chris currently serves as the President of the Georgia Association of Enrolled Agents, Secretary of the Financial Planning Association of Georgia and as Treasurer of the Southern Region of the National Association of Personal Financial Advisors (NAPFA).