Instructor
David Peters
-optimized.jpg)
Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
Depreciation can be a very large and important deduction for owners of rental properties and small businesses. It can allow these taxpayers to be cash flow positive while declaring significantly less taxable income. However, this gets tricky. Are there elections we can make that may help us in later tax years? When does depreciation need to be recaptured? And when can missed depreciation deductions be made up? Using easy to follow examples and discussion, we will explore these issues and many others, so that we can get the best results possible for this unique group of clients!
- Recognize the different accelerated depreciation methods available and when they can be used.
- State how depreciation recapture differs under Sec 1245, Sec 1250, and Sec 291.
- Identify different planning techniques available utilizing depreciation.
- Tax basis depreciation and useful life categories
- Half-Year & Mid-Month Conventions
- Special Elections – Straight-Line & ADS
- Listed Property
- Sec 179 Rules
- Bonus Depreciation & Luxury Auto Limits
- Sec 1231 Recapture Rules
- Sec 1245 Recapture Rules
- Sec 1250 Recapture Rules
- Sec 291 Recapture Rules
- Allowed or Allowable
- Planning Considerations
Basic understanding of tax rules for the taxation of small businesses and rental property.
Tax and financial advisors who have clients who have clients with small businesses and rental property.
