This video-based course begins with Renee Rodda's continued in-depth coverage of rental real estate. Part 3 of the series focuses on depreciation. In Chapter 1, she explores the application of MACRS, bonus depreciation, and IRC Sec. 179, as appropriate. She also addresses the repair regulations and the use of cost segregation studies to accelerate property-related deductions. The chapter concludes with a discussion of depreciation recapture and the IRC Sec. 1231 netting rules.

In Chapter 2, Stan Pollock examines several key areas of business taxation. He discusses potential remedies related to the Employee Retention Credit (ERC), the treatment of corporate stock recontributions, and the application of self-employment taxes to limited partners. He also provides guidance on the treatment of research and development expenses, the interaction with research credits, and energy-related tax incentives - including the Energy Investment Credit and the Renewable Electricity Production Tax Credit.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.