§168(k) Bonus Depreciation Newly Unveiled Final Regulations Unshackling Guidance, Compelling Choices

2 Self-Study (QAS) CPE

Program Description:

Congress radically overhauled §168(k) in the Tax Cuts Jobs Act (TCJA) on 12/22/17. Treasury took a somewhat harsh stab at guidance via proposed regs on 08/08/18. Recently, IRS issued a Rev. Proc. granting late election relief and, then, ta-da!! Final regs and a new batch of proposed regs broke loose on 09/13/19. What new adventures await?

What you will learn

  1. Lucrative retroactive elections available (without former procedural hurt)
  2. How does bonus change every real estate purchase your client makes?
  3. Used property and anti-churning
  4. Interaction with §163(j) – There’s a new sheriff in town
  5. Catastrophic mistakes – What if you don’t elect out (or do)?
  6. Partnership issues – Is bonus available when you buy a partnership? If so, how?
  7. Binding written contract vs. self constructed property – Work-in-progress set free
  8. Effective dates all over the place – Choices, choices, choices, choices


  • Recorded Video (originally recorded October 23, 2019)
  • Presentation Handout - Power Point Slides (PDF)
  • 10 Question (Multiple Choice) Exam

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

Register Now for $129

CPE Details

Prerequisites: None

Advanced Preparation: None

Program Level: Update

Delivery Method: Self-Study (QAS)

Field of Study: Tax

CPE Hours: 2


Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org. Our NASBA sponsor number is 112525.

Host: Rick Telberg

  • Founder and CEO CPA Trendlines, Bay Street Group
  • Accounting Today Top 100
  • CPA Practice Advisor Top 25

Host: Sandi Leyva

  • Founder and President Accountant's Accelerator, Sandra L Leyva, Inc.
  • CPA Practice Advisor Top 25
  • Most Powerful Women in Accounting