The Sooner, The Better? Recovering Asset Costs Through Depreciation, Amortization, and/or Expensing

Tuesday, October 18, 2022 · 2:00 – 3:40 PM ET

You have one year from airing date to use this course as credit.

Purchase CPE Credits Now!
You must Log In or Register to view the Program, Resources, or Transcripts.

Continuing Education

CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0155
IRS/RPO Approved Program
#7ZBUJ-T-00099-22-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00099-22-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 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 the costs of assets that must be capitalized, how those costs are recovered through depreciation or amortization, and when those deductions may become subject to recapture.

Program Learning Objectives

  1. Identify those asset costs that must be capitalized and recovered through depreciation.
  2. Identify the assets that are eligible for the special election to expense costs and the limits on that election.
  3. Identify how the depreciation allowance for capital costs is determined under the current depreciation system and when depreciation may be subject to recapture.
  4. Identify the various expenditures that may be subject to special amortization provisions and how those allowances are calculated.


Program Outline

  • Depreciation
    • Property Subject to Depreciation
    • Basis for Depreciation
    • Capital Cost vs. Deductible Expense
    • Uniform Capitalization Rules
    • IRS "Repair" Regulations

  • Expense Election under Section 179
    • Eligible Property
    • Dollar Limitation
    • Investment Limitation
    • Taxable Income Limitation
    • Qualified Real Property

  • Energy Efficient Commercial Buildings
    • Deduction Limitations
    • Qualifying Improvements

    • Recovery Periods and Methods
    • Conventions
    • Limitations on Autos, Trucks, SUVs, and Vans
    • Listed Property
    • Leased Property
    • Bonus Depreciation
    • Depreciation Recapture

  • Amortization Allowances
    • Start-up and Organizational Costs
    • Section 197 Intangibles
    • Safe-Harbor for Self-Created Intangibles
    • Pollution Control Facilities
    • Reforestation Costs
    • Architectural and Transportation Barriers
    • Other Amortization Provisions



Alan Pinck, EA
A. Pinck & Associates

Alan Pinck is an Enrolled Agent with over 30 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. You have seen Alan presenting at NTPI events, CSEA Super Seminar, Spidell Publishing 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 Panelists

Coming soon!


Industry Panelists

Coming soon!

Content Consultant

David F. Windish, J.D., LL.M
Content Consultant

David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.

Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.

Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.

Do you have a question during a live program?

Tax Talk Today ® – The Tax Show for the Tax Pro! ® is produced by Tax Talk Today, Inc. Copyright © 2010-2022 Tax Talk Today, Inc. All Rights Reserved.

The distinctive Tax Talk Today logo and “The Tax Show for the Tax Pro!” are U.S. registered trademarks of Tax Talk Today, Inc.