Thomson Reuters Unveils Tangible Property Certificate Program to Help Professionals Understand the IRS’ Uniform Capitalization Rules

NEW YORK, October 4, 2016 – Thomson Reuters has unveiled a new continuing education program tailored to accounting and audit professionals who focus on fixed assets and depreciation tax cases.

The Thomson Reuters Checkpoint Learning Tangible Property Certificate Program provides professionals with a thorough understanding of the uniform capitalization rules issued by the IRS. Delivered via the Checkpoint Learning platform, the program contributes to a thorough understanding of the lifecycle of an asset, including the initial determination of when the expenditure should be capitalized, when it falls under the repair guidelines, and when it falls within the de minimis guidelines. Professionals participating in the program will learn to distinguish between separate assets and component parts of assets, which is vital when determining whether to capitalize or expense an asset.

“The treatment of fixed assets is a critical area in every business, but it can be difficult for practitioners to differentiate between a repair of a major asset and a replacement,” said Chris Horne, senior director of operations and business development with the Thomson Reuters Tax & Accounting business. “This program helps professionals keep up with the latest depreciation rules and allows them to provide better client service to those who need guidance in the area of tangible property.”

Candidates who successfully complete the coursework and comprehensive final exam will earn a Checkpoint Learning Tangible Property Competency Certificate and approximately 31 hours of continuing professional education credit. Completion of the courses may also qualify towards the continuing education requirement of enrolled agents and other designations.