Tangible Property Capitalization and Repair Regulations - 1 Hour CPELearn when business property costs must be expensed or capitalized, including safe harbors, Unit of Property rules, and repair regulation elections. Learning Objectives: In this course, students learn the tangible property capitalization and repair regulations that clarify when costs must be expensed as repairs or instead capitalized and depreciated. They master the Unit of Property (UOP) concept to determine whether a cost benefits a single UOP or

cost segregation study fees

qualification standards

Qualified Longevity Annuity Contracts (QLACs) offer a unique planning tool that can defer income

ITIN/acceptance agent procedures

Advisors who understand these distinctions can help clients preserve wealth

NASBA CPA Field of Study:  Federal Tax Law  Publication Date: 3/1/2026  Instructional Delivery Method: Group Internet-Based Level:  Intermediate Prerequisites: None Advanced Preparation: No Advanced Preparation Required Author: Lee Reams

and IRS challenges

and procedural filing requirements affect refund eligibility

IRS considerations related to non-English services

but missed deadlines

and planning considerations for the first responder disability pension exclusion under IRC §1309(c)

such as stock