Date  : April 3rd, 2026

Time : 2pm ET | 1pm CT | 12pm MT | 11am PT

Duration: 60 Minutes

Description:

Bonus depreciation has taken on a new level of importance—this time, it’s here to stay. The One Big Beautiful Bill establishes a permanent 100% bonus depreciation regime, creating fresh opportunities and challenges for tax practitioners. Which assets qualify? When is property considered acquired or placed in service? And how do elections alter the results for different taxpayers? This CE course unpacks the new rules in clear, practical terms designed for real-world application.

Through detailed IRS and Treasury guidance, participants will learn how the permanent bonus depreciation rules impact business assets and compliance obligations. The course covers eligibility standards, timing rules, and optional elections that allow flexibility in managing deductions. It also introduces new categories of qualified property—such as sound recording productions—and discusses their unique tax implications. Throughout the session, the focus remains on applying the rules accurately and strategically while minimizing audit exposure..

Session Highlights:

• Permanent 100% bonus depreciation framework
• Qualified property and acquisition requirements
• Depreciation elections and planning techniques
• Placed-in-service timing rules.
• Treatment of qualified sound recording property.

Learning Objectives:

• Examine the new permanent bonus depreciation provisions enacted under recent legislation.
• Determine which types of property qualify for 100% first-year depreciation deductions.
• Evaluate how taxpayer elections influence the timing and amount of depreciation claimed.
• Interpret placed-in-service requirements and their effect on depreciation eligibility.
• istinguish between regular and bonus depreciation approaches for strategic tax planning.

Credits:

• Recommended Credits: 1.0
• Field of Study: Taxes
• Prerequisites/Prep: None
• Level: Basic
• Format: Virtual/Online (Group Internet-Based)
• Attendance: Required
• Duration: 60 Minutes

Who Benefits:

• CPAs
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Tax Preparers
• Finance Professionals
• Financial Planners

Our Speaker:

Nicholas Preusch | CPA (US)

Certified Public Accountant (CPA)

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the  AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).