Webinars: Repair Regulation Week at CALT

CALT's Repair Regulation Webinars (October 26 - October 30, 2015) will help you navigate and be prepared for the 2016 tax filing season. All new examples and tips to keep up with the complex maze of new regulations impacting your clients! Throughout each session forms will be reviewed based on the topic of the day. The full series of classes will build on current knowledge as well as expand into other more complex issues you may face in your practice. Time for questions will be available at each seminar. Course Topics include: Betterments; Buildings: Restoration; Buildings: Adaptation; Dispositions; Other Remaining Issues of Importance

All seminars will be conducted from Noon – 1:00 Central Time and at a cost of $35.00 each for one hour of CPE

A special rate of $150.00 will be available if you register for all five webinars, a savings of $25.00 (5 hours of CPE). Otherwise the cost will be $35.00 each if you are only interested in certain aspects.

To Register: https://goo.gl/Hs2lg9

(registration ends at 10:30 AM CST on the day of the scheduled webinar)

Agenda: 

October 26, 2015 Buildings: Betterments ~ Noon to 1 pm CST

What is an Improvement? An improvement occurs if the unit of property (UOP) undergoes, other than through routine maintenance: (1) betterment, (2) restoration, or (3) adaptation to another use.  This session will cover the new regulations and provide examples that will, assist in the of when that Unit of Property (1) ameliorates a material condition or defect that predates the taxpayer’s ownership of the property, (2) is for a material improvement to the property’s capacity, or (3) is expected to materially improve the property’s productivity, efficiency, strength, quality or output.  Discussion on how to identify and examples will be shared. Also a discussion on the safe harbor will be demonstrated. 

 October 27, 2015 Buildings: Restoration ~ Noon to 1 pm CST

What is an Improvement?  Does that improvement: (1) it returns a non-functional unit of property to operating condition; (2) it replaces a major component or substantial structural part or set of parts, or (3) it restores property after the end of its class life to a like-new condition (as defined in either a federal regulatory guideline or the manufacturer’s specifications. Discussion on how to identify and examples will be shared.

October 28, 2015 Buildings: Adaptation ~ Noon to 1 pm CST

Does that improvement adapt the property to new uses? Are improvements subject to capitalization or can they be expensed under the safe harbor. Examples will be demonstrated. The treatment under the new rule applies to all direct costs of the improvement plus all indirect costs that either directly benefit from, or are incurred by reason of, the improvement. Discussion on how to identify and examples will be shared. 

October 29, 2015 Dispositions ~ Noon to 1 pm CST

What happens when the property is disposed of or sold, how is that handled under the new repair regulations? What are the new procedures? Discussion on how to apply the new regulations and  examples will be shared.

October 30, 2015 Other Remaining Issues of Importance ~ Noon to 1 pm CST

The NEW repair regulations cover a variety of aspects. This session will cover a potpourri of issues to round out the previous five classes. We will try to address common questions and reiterated some of the key definitions necessary to fully understand the new regulations.  We will also cover as time allowed topics we were unable to fully address in other sessions. 

Continuing Education: 

Who should attend:

  • enrolled agents
  • other tax return preparers
  • CPAs

Each webinar provides 1 hour of CPE

Please note: For those that are licensed (outside of the state of Iowa) by state boards/organizations should check with their respective boards/organizations to determine if credit applies toward continuing education requirements.  CALT does not apply for CPE in other states, but will we assist in the process to make sure you  receive your CPE credits. 

Registration: 

To Register: https://goo.gl/Hs2lg9

(registration ends at 10:30 AM CST on the day of the scheduled webinar)

Cost: $35 per webinar or special rate of $150 for all 5 webinars (must be pre-registered for all five)

Registration fee is non-refundable.  If you are unable to attend a webinar, we can transfer you to another webinar we are offering. Please contact us at 515-294-5217 for questions.

CALT Webinars:

  • Taking a Webinar with CALT.pdf
  • Unless otherwise stated on CALT’s website, each webinar is 1 hour of CPE credit
  • Price per participant/per webinar: $35
  • No advance prep
  • Webinar length: 60 to 120 minutes
  • Online registration ends at 10:30 AM CST on the day of the scheduled webinar
  • CPE delivery mode: group internet based
  • Platform: Webinars are presented on GoToWebinar 
  • How does the attendee log onto a webinar?  You will receive an email from Kristy Maitre, which includes a special link to click on to enter the webinar.
  • System Webinar requirements: http://support.citrixonline.com/webinar/all_files/G2W010003
  • Test your Internet Connection or Audio: http://support.citrixonline.com/en_US/Webinar/all_files/G2W060001
  • To ensure no techicial difficulties, we suggest joining the webinar at least 30 minutes before the start time.
Date and Time: 
Monday, October 26, 2015 - 12:00pm to Friday, October 30, 2015 - 1:00am
Location: 
Online