Depreciation & Amortization
This course provides a comprehensive overview of IRS Form 4562, focusing on its fundamental principles, usage, and implications for taxpayers. Participants will gain an in-depth understanding of the form's purpose, eligibility criteria for asset depreciation and amortization, and the proper reporting of various types of property, including tangible assets, intangible assets, and leased property. Through practical examples and case studies, learners will explore essential concepts such as depreciation methods, section 179 deduction, bonus depreciation, and the implications of form errors.
By the end of the course, participants will possess the knowledge and skills necessary to accurately complete Form 4562 and effectively manage depreciation and amortization for tax purposes.
Certified Financial Planner & Tax Professional
My name is Forrest Baumhover. After a rewarding 24-year career in the United States Navy, I became a financial planner. After starting my own financial planning firm, I merged with another financial planner and became a partner in an SEC-registered investment advisory firm. I sold my partnership stake in that firm to focus on creating online content focused on helping people better understand tax forms. Whether it's an online article or a walkthrough video on YouTube, my goal is to help make this content accessible to everyone, regardless of your level of experience. Helping people navigate difficult-to-understand parts of the Internal Revenue Code is my goal, and I hope to achieve that goal here!
