2007 COMPLETE GUIDE TO DEPRECIATION, AMORTIZATION, AND SALE OF PROPERTY

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2006 COMPLETE GUIDE TO DEPRECIATION INDEX
 

ISSUES, PLANNING AND ANSWERS”

 Overview:  The purpose of this comprehensive manual is to provide an in-depth analysis of the complex maze of rules dealing with depreciation, amortization, and the sales of such property. A special emphasis has been placed on identifying unique planning opportunities and pitfalls. This great reference manual is written in a very practical format and contains many examples and charts to illustrate the most important points accountants need to be aware of. 

Major topics include:

* The latest cases and rulings involving depreciation and amortization issues and how they impact clients, along with the most useful planning opportunities
* Correctly handling depreciation on purchases and trade-ins of business vehicles
* Using cost segregation studies to dramatically enhance your clients' write-offs
* AMT depreciation adjustments and how to avoid them
* Accounting for a change in use of the asset
* Detailed coverage of the greatly increased §179 expense election and how to maximize its use; when to use it; what property qualifies?
* How to calculate depreciation in a short tax year and upon start-ups of businesses
* Understanding §197 amortization issues; how to handle software & website costs
* Are we correctly handling depreciation write-offs for retail, restaurant & personal service industries? What are "distributive trades and services?"
* Sale of property and the depreciation recapture rules (§§1245, 1250, unrecognized §1250 gain for real estate, §291); goodwill write-offs need to be recaptured too!
* Are we capitalizing "repairs" that could have been written off immediately?
* Advanced depreciation issues, corporate liquidation, §754 basis adjustments, transfer to/from trusts, tax-deferred exchanges, personal property converted to business property, and more 

Designed for: Accountants both in industry and public practice who need a thorough grasp of this important area of tax law and who want to maximize the possible tax savings for their clients. 

Comments From Practitioners:

- “This is one of the best reference tools that I have!”
- “Thank you very much. I am going to be using it today!”
-“You just saved me big time! Your book really helped me with the correct information!”
- “I especially appreciate the opportunity to contact Prof. Connors directly with follow-up questions.”
- “Our firm has found your depreciation guide to be the most useful of any that we have tried.  Please keep our firm  information and let us know when you release future versions.  Thanks again for making this manual, it has increased our efficiency by decreasing research time.  All of our associates have utilized your manual, but our younger associates have especially benefited from it!”
- “Thank you so much. The manual already answered a question I was having trouble with.”