Apply Depreciation Rules for Tax

О курсе

Tax depreciation is one of the largest book-to-tax differences in corporate returns—and getting it wrong can mean filing errors and rework. This course teaches you to apply U.S. tax depreciation rules accurately in a corporate tax context. You'll work through a realistic fixed asset scenario for a mid-sized company, building skills that transfer directly to compliance work. Starting with the fundamentals of why book and tax depreciation differ, you'll learn to classify assets under MACRS, apply Section 179 and bonus depreciation in the correct order, and calculate first-year deductions step by step. The course also covers Schedule M-1 reconciliation—how to determine where depreciation differences belong and whether they create deferred tax liabilities or assets. You'll practice identifying common errors and using a structured review process to catch mistakes before filing. Who this is for: Entry-level tax analysts and accounting professionals who work with fixed assets in corporate tax compliance. Basic familiarity with financial accounting concepts is helpful but not required. Note: This course uses a synthetic scenario with illustrative thresholds. Always verify current-year figures using IRS Publication 946 before preparing actual returns.

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