Scheduled Times are Eastern Time Zone

IRS Tangible Property Regulations

Course ID: CPE Credits Field Of Study Author or Speaker:
EWTFM-T-01380-19-O  04 Credits   Taxes   Bradley Burnett
Instructional Method: Advanced Preparation: Program Prerequisites: Experience Level:
 Group Internet Based   None   None   Overview





Course Description:

IRS recently finally finalized its notorious tangible property regulations (and implementing Rev Procs). Hundreds of pages in length, the new regs soon leave any rational reader with an experience like that of drowning in quicksand. This course delivers a clear thinking process to sort through, divide and conquer it all. The course materials contain a "forest for the trees" 3-page overview "Cheat Sheet" (which past participants have dubbed "worth the price of admission"). This foundational course puts the participant in practical command of the newly minted rules. 


  • Which changes to a taxpayer’s chart of accounts to comply with and thrive under the new regs are advisable?
  • Which annual elections (as opposed to 3115s) must now be made 
  • Are the 3 new repair expense safe harbors really as deep and wide as the Grand Canyon?
  • Capturing the current deduction now available for partial dispositions of property
  • What is the new so-called de minimus safe harbor? Should every taxpayer make the annual election for this -or- is it not worth the paper it’s written on? Which items are properly categorized as “materials and supplies” and which are not?
  • How to know whether an expenditure is properly currently deducted as a repair expense or, rather, capitalized and subsequently cost recovered 
  • Why it doesn’t matter all that much whether you filed Form 3115 for 2014 or not
  • You can drive trucks through the loopholes drafted by IRS (new safe harbors and elections) if you know what you’re doing



  • Overview – History of Tax Law Before IRS Tangible Property Regs (TPR)
  • TPR Regs – 3 Buckets of Rules
  • Acquisition Costs
  • Materials and Supplies
  • De Minimus Safe Harbor Election
  • Rotatable Parts
  • Repair and Maintenance Costs (Capitalize vs. Repair)
  • Capitalization Standards: Betterment, Adaption, Restoration (BAR)
  • Safe Harbors – Routine Maintenance and Small Taxpayer Building Repair
  • Units of Property
  • Special Rules for Leased Property
  • Partial Dispositions of MACRS Property – Why You Care a Whole Lot


Learning Objectives 
To gain a working knowledge of IRS' new capitalize vs. repair and MACRS disposition final regulations and recognize planning opportunities, traps, and compliance obligations. To enable the participant to capture handsome current deductions under a variety of circumstances, including, but not limited to, a past or present partial disposition of MACRS assets. To empower the participant to be able to responsibly, properly approach whether to capitalize or expense any expenditure.

Intended Audience
Accountants and other interested persons desiring to gain practical working knowledge of IRS' new tangible property regulations, including the capitalize vs. repair, acquisition and partial disposition rules

Event Properties

Event Date 03-27-2020 9:00 am
Individual Price 99.00
Categories Federal Tax Updates,Moderated Webinars

Group Rate

#Registrants Rate/Person($)
5 95.05
10 91.10
20 87.15


Bradley Burnett


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