Advanced Ordinary Business Deductions

This Group program provides practicing CPAs and other tax professionals with an advanced review of ordinary business deductions and related planning considerations. The program revisits the §162 “ordinary and necessary” framework and the §§263/263A capitalization boundary; compares §179 expensing with bonus depreciation; reviews the tangible property regulation safe harbors for repairs and improvements; examines research expenditures under §174 and the §41 credit; maps the deductibility of insurance premiums under §§162 and 264; surveys §831(b) captive insurance arrangements and related compliance considerations; and discusses business overhead expense insurance. A case study integrates these concepts into a full deduction review and highlights where specialist analysis may be warranted.

Learning Objectives:

• Apply the §162 “ordinary and necessary” standard and locate the §§263/263A capitalization boundary.
• Select between §179 expensing and bonus depreciation using election mechanics and entity-level effects.
• Map which insurance premiums are deductible under §162 and which §264 disallows.
• Recognize the compliance posture of §831(b) captive arrangements, including disclosure obligations and diligence red flags.

Attendance Requirement
To receive the full CPE credit, participants must attend the entire program and complete all required participant engagement and completion-verification activities.
Refund & Cancellation Policy:
Noble Wealth Solutions' CPE programs are provided free of charge. Therefore, no refund policy applies. If Noble Wealth Solutions must cancel or reschedule a CPE program, registered participants will be notified by email as soon as possible, and whenever practical, at least 48 hours prior to the scheduled program. Participants will receive information regarding rescheduling or alternative program options, if available.
Complaint Resolution Policy:
Participants may submit complaints to Ben Levine via email at Ben@NobleWealthSolutions.com, or via phone at (818) 456-4754. Complaints will be acknowledged promptly, and a response will be provided within five (5) business days. All complaints will be reviewed and, when appropriate, corrective action will be taken to improve future programs.