|
CCH Editorial Staff
Maximizing Section 179 outlines which taxpayers and what types of property qualify to claim the small business expensing deduction, the maximum deduction available, and the special requirements for enterprise zone and renewal community business property.
Descriptions of how taxpayers may elect or revoke the deduction, as well as how and why the deduction amount may be subject to recapture, round out the discussion of how small and many midsized organizations can use this tax break opportunity to write off the costs of business assets. Topics covered include:
- Who Can Claim the Deduction
- Qualifying Property
- Specific Property that Does Not Qualify
- How Much Can Taxpayers Deduct
- Partnerships, S Corporations, and Other Passthrough Entities
- Electing the Deduction
- Timing Recapture of the Deduction
|
Course Details
 |
Price: $24.00
Field of Study: Taxes
Prerequisites: None
Level: Basic
CTEC course number: 1075-CE-8593
Course was last updated on: 11/30/06
|
|
|
![[click to buy this course]](/images/images/buy_btn.gif) |
Library:
Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
![[click to download acrobat reader]](/images/images/acrobat_btn.gif)
|
|
| Credit Available For: |
Units |
| CPE |
2 CPE |
| QAS |
2 CPE |
| Enrolled Agent (Accepted by the IRS) |
2 CPE |
| CTEC Federal |
2 CE |
|
Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.
Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.
CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
|
|
![[click to return to the previous page]](/images/images/back_btn.gif)
