Tax Legislation 2015: The PATH Act

Authored by CCH Editorial Staff
About this Course
The PATH Act includes the permanent extension of many popular tax-favorable provisions including the research and development credit, bonus depreciation, section 179 expensing, child tax credit, and the American Opportunity credit, many of which were modified in making them permanent. This course reviews the major changes covered by the Act. Upon completion of this course, you will be able to: identify certain deductions and income tax credits for individuals that were made permanent under the PATH act; recognize the provisions of the PATH Act that made the taxpayer election to claim state and local general sales tax as a deduction for the tax year; identify the PATH Act provisions enhancing the terms for charitable contributions of food inventory by businesses; recognize the tax relief for businesses expensing depreciable assets under Code Sec. 179; recognize how the research activities credit may offset tax liabilities; identify types of property qualifying for bonus depreciation; and recognize the benefits and disadvantages of claiming bonus depreciation versus the accelerated AMT credit for placing new trade or business property in use during future tax years.
$ 12.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Update
CPE Credits
2.0
Prerequisites
Basic understanding of Federal Tax Law
Last Updated
02/12/2016
CCHL_PATHAct