This program serves as an update to IRS “repair regulations”, covering a litany of tax material. This program, presented by business and tax law attorney Bart Basi, will cover the repair and capitalization regulations and recent updates on the following topics within the regulations:
Expense v. Capitalization
Materials and Supplies
Election to Capitalize
This program will also review four strategies to accurately value a privately held business entity.
Gain best practices for talking about these regulations with an accountant
Implement these regulations’ in your client’s business decisions effectively
Recognize how to best save money on taxes for your firm or your clients
Identify the safe harbor provisions and the impact on your clients
Dr. Basi is a specialist in the areas of business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five loose-leaf bound books, over 300 articles, and has worked with hundreds of businesses and associations. Journals that have published Dr. Basi’s work include Money Matters, The American Journal of Small Business, the Journal of Family Law, The Journal of Estate Planning, The Tax Lawyer, Small Business Taxation, Taxation for Individuals, Taxation for Accountants, Taxation for Lawyers, The CPA Journal and The Tax Executive.
Dr. Basi is the author of “The Tax Report,” a bi-monthly report on income and estate tax matters for closely-held businesses, “Accounting and Taxes,” a monthly column distributed to individuals and trade journals, and the “Tax Tip,” a monthly tax advisory for the closely-held and family business.
Business Affiliations and Memberships
Former Awards, Honors and Recognitions