The Knowledge Group
The Knowledge Group

Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation Live Webcast on 07/23/09

The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast on Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation. This two-hour event is scheduled on Thursday, July 23, 2009, at 3:00 PM to 5:00 PM EDT.

NY, NY, May 02, 2009 --(PR.com)-- The Economic Stimulus Act of 2008 rekindled the somewhat complex concept of “bonus depreciation” (50% 1st year) for select new “qualified” properties which were put into service before 09. The key issued addressed in this revenue procedure are: what is eligible as qualified property? & what are the computational aspects?

Follow up Revenue Procedure 2009-16 Aims to address certain issues not covered in 2008-65. Some of the key issues it addresses are: how you make the election? And how do you determine which rules apply as there are different rules for different governing elections in different fiscal calendar years. Another key issue is control groups making the election and how they make go about computing and allocating the election. And finally what about reporting to partnerships & effect of election on S corporations?

The Knowledge Group has assembled a panel of key thought leaders and experts to help you make more thoroughly understand 2008-65 and 2009-16.

They will address the following key issues:
- The property eligible for this election.
- The time and manner in which to make the election.
- When not to claim the deduction.
- The effect on partnerships making this election.
- Up to the minute regulatory updates.

Speakers/Faculty Panel

Jeffrey T. Rodrick, Attorney Advisor, Office of Associate Chief Counsel (Income Tax & Accounting), Internal Revenue Service

Brandon Carlton, Attorney-Advisor, Office of Tax Legislative Counsel, U.S. Department of Treasury

Katherine Breaks, Director, Washington National Tax Practice, KPMG LLP

Alison Jones, Senior Manager, Ernst & Young LLP

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2009_Revenue.html

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

To contact or to register to an event, please visit: www.knowledgecongress.org.

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