***This Course is being evaluated for updates and will be available soon.***

The IRS issued regulations (regs) addressing the age old question of whether to capitalize or expense purchases of tangible property. These new regs are now effective for all taxpayers.

These regs require all taxpayers to make changes in the way they approach the issue of expensing versus capitalizing items for tax purposes. For many, there are significant changes. 

Many accountants have  been confused by the dense wording and sometimes conflicting examples in the original regs. 

This course takes the new regs and explains each element, compares them to prior law, and puts them in perspective. Accountants will gain a clear understanding and confidence in applying the new rules to their best advantage.