Скачать или смотреть Mastering BizTax: Sec. 179, Depre. Recapture, NOLs & Biz Cred. | EPISODE 12 | Borderless Accountants

This session kicks off with an inspiring "Quote of the Day" from Cherry, who shares her personal story of leaving a 12-year banking career to find new opportunities.

Elma follows with a comprehensive recap of the previous lesson, diving deep into property tax basis, demolition costs, 1031 exchanges, and Section 179. Chris then walks through a practical ProConnect demo on how to input Section 179 and bonus depreciation and shares crucial announcements about upcoming certifications and other training opportunities.

The main lesson covers advanced topics, including:
Calculating startup cost amortization
Understanding depletion
Selling business property (Section 1231, 1245, and 1250)
Depreciation recapture
General Business Credits (GBC) and the Work Opportunity Tax Credit (WOTC)
Net Operating Losses (NOLs)
Casualty and theft losses

A key highlight is a practical discussion on how tax preparers can add massive value by shifting from data entry to proactive tax strategy.

CHAPTERS
0:00:00 - Introduction
0:00:47 - Opening Prayer
0:02:08 - Quote of the Day: Cherry's Story "End of Your Comfort Zone"
0:07:05 - Session 11 Recap with Elma
0:09:28 - Recap: Property Tax Basis & Depreciation
0:11:28 - Recap: Demolition Costs
0:15:33 - Recap: 1031 Exchanges
0:18:26 - Recap: Section 179
0:21:11 - Recap: Amortization
0:22:42 - Announcements
0:24:04 - ProConnect Demo: Section 179 & Bonus Depreciation
0:26:11 - ProConnect Demo: Finding Depreciation Details
0:30:02 - Why the IRS Favors Accelerated Depreciation
0:32:01 - Announcement: CPA Database & Saturday Meeting
0:34:00 - Announcement: Free Tax Training Opportunity
0:35:30 - Announcement: New Tax Certifications
0:36:39 - Quiz: Startup Cost Amortization
0:40:14 - Quiz: Leasehold Improvements (MACRS)
0:41:26 - Lesson: Depletion
0:47:08 - Lesson: Selling Business Property (Sec 1231, 1245, 1250)
0:48:58 - Lesson: Depreciation Recapture
0:54:14 - Practical Tip: Always Get the Prior-Year Depreciation Schedule
0:57:33 - Quiz: Depreciation Recapture Calculation
1:01:16 - Quiz: Section 1250 Gain 1:03:13 - New Topic: Credits, Losses, and Additional Taxes
1:05:01 - Lesson: General Business Credit (GBC)
1:07:20 - Quiz: What is NOT a General Business Credit?
1:07:59 - Quiz: Work Opportunity Credit (WOTC)
1:09:32 - Practical Tip: How to Add Value as a Tax Preparer
1:12:04 - Interview Tip: Position Yourself as a Tax Strategist
1:18:53 - Lesson: Net Operating Loss (NOL)
1:21:05 - Lesson: Hobby vs. Business Rules
1:26:03 - Lesson: Casualty and Theft Losses
1:28:10 - Quiz: Business Casualty Loss Calculation
1:32:46 - Quiz: Inventory Casualty Loss
1:35:38 - Wrap Up & What's Next
1:36:58 - Closing Prayer