Bonus Depreciation - 0.2 CPEBonus depreciation allows businesses to accelerate deductions for qualifying assets placed into service during the current tax year. Proper classification of property, election rules, and timing considerations can significantly affect both current deductions and long term tax planning. Learning Objective Identify which assets may qualify for bonus depreciation and how bonus depreciation differs from Section 179 expensing. Course Description This nano

NASBA CPA Field of Study:  Federal Taxation Publication Date: 3/20/2025  Instructional Delivery Method: Self-Study  Level:  Intermediate Prerequisites: None Advanced Preparation: No Advanced Preparation Required Author: Lee Reams

He is known for helping practitioners apply complex tax rules in real-world client situations

our highly respected 1

Program Level

emergency requests

and improper treatment of dividends

the course includes the Big Book of Taxes as the official syllabus — a 1

Participants learn how to prepare emergency bridge files

withholding agents’ responsibilities and penalties

time gains and option exercises

and the AMT deferral preference and FICA consequences that can affect planning

Incorrect SSTB classification or miscalculating taxable income limitations can cause taxpayers to lose significant Section 199A deductions