Live Webinar Series

Expense vs Capitalize? Tangible Real Property Regulations

Webinar Details$219

  • Webinar Date: November 9, 2018
  • Webinar Time: 1:00pm - 2:40pm EST  live
  • Guest Speaker:  Ann Dorsey
  • Industry:  Taxation and Accounting
  • Credit: CPE 2.0
  • Register Now

The question is not “what is new?” but “what is not new?”

The world of acquiring, repairing, renovating, and improving a building has changed. In 1986, dividing a building into its various components was “out-lawed.” As time went by, building owners were able to have Engineering Studies performed and values were assigned to various components of the building for depreciation purposes.

The IRS has finalized their Tangible Property Regulations and we have NEW RULES. Instead of components, we have “Building Systems” and “Units of Property.”

Those persons/companies that acquire or build improvements on real estate may have elections to make, and new definitions for the improvements, renovations, adaptations, and betterments of their buildings.

Which brings us to the new rules on when an amount may be expensed or is required to be capitalized.

In this course you will learn the definitions of:

  • Betterment
  • Restoration
  • Adaptation
  • Maintenance vs. Improvements
  • Repairs

Included are discussions on:

  • Building Systems
  • Unit of Property
  • Elections
  • Safe Harbors

At the end of this webinar you will be able to determine:

  • When building a building, how to separate the costs between Building Systems.
  • If a change to a Building System is a cost to be expensed or is required to be capitalized.
  • If a change to a Unit of Property is a cost to be expensed or is required to be capitalized.
  • What elections are still available to you?


Guest Speaker

Ann Dorsey

Ann Dorsey

Owner of Dorsey & Company CPAs, PLLC 2013 dorseyandcompany.com Owner of Rock City Data Group, Inc. ( Microsoft Gold Certified Partner) 2013 rockcitydata.com Owner of The Payroll Place BS in Accounting, cum laude Arkansas State University CPA, member of AICPA and ASCPA u2013 served on various committees Microsoft Certified Professional (MCP) and Microsoft Small Business Specialist (MSBS) Microsoft Certified Systems Engineer (MCSE), graduating from Six Sigma Green Belt at Villanova ... View Full Profile


CPE Credit

Aurora Training Advantage 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.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.