Planes, Yachts %26 Automobiles: Listed Property Under IRC 280F
Description
Is that business jet, RV, yacht or luxury automobile really deductible? This course tackles the tricky terrain of listed property depreciation, helping tax professionals navigate IRC 280F with confidence and clarity. Whether your client is flying high, cruising the coast, or hitting the highway, this session will help you determine what qualifies, what doesn%26apos;t, and how to keep the IRS at bay.nnThis event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objective
After attending this presentation, you will be able to... Identify Qualified Business Use (QBU). Identify when depreciation recapture applies. Recognize the heightened substantiation rules under IRC § 274(d) related to listed property. Identify aircraft-specific rules. Identify automobile-specific rules. Identify additional considerations related to IRC § 280F rules.
Attendee Information
Victoria Boon, EA
Required Knowledge
None
Who Should Attend
CPAs, EAs and tax professionals who deal with aircraft, yachts, automobiles or other listed property
Credit Types
- CPE – Taxes
The North Carolina Association of Certified Public Accountants 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 information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.