Fundamentals of Corporate Taxation | Taxation | Online and Mobile CPE Course

 

fundamentals of federal income taxation outline

4. State and Local income Taxes – Most states and a few cities impose income taxes. The calculation of these taxes usually relies, to some degree, on Federal income tax law and computations. III. Income Taxation of Business Entities A. Proprietorships – 1. This simple form of business is not a separate entity from the individual owner. 2. Jul 21,  · Therefore, any gain recognized to the transferor shall be treated as ordinary income. Does not matter if the transferee takes the deduction or not – it is subject to depreciation; This is given capital treatment. Federal Tax Outline – Page 6. This Federal Tax Outline is keyed to Fundamentals of Federal Income Taxation, 15 edition. Syllabus S–1 ACCT Income Tax Accounting I ACCT —Income Tax Accounting I Course Description: Fundamentals of federal income taxation with respect to individuals and other entities, income inclusions and exclusions, and statutory deductions in arriving at tax.


Federal Income Tax Outline - Page 7 Capital Asset -


The relationships between business entities and their owners can be confusing and complex, particularly when they concern federal income tax rules and regulations. This course explores numerous salient sections of the IRC related to those relationships. This course provides guidance on making determinations concerning issues of control and shareholder basis; appropriately handling Section classifications and calculations; identifying related filing requirement; discussing issues related to the corporate capital structure including those concerning small business stock, debt versus equity, and thinly-capitalized corporations; applying rules for attribution and redemption; and calculating shareholder basis in distributions.

This course is most appropriate for the professional with detailed knowledge in corporate taxation who may be at a mid-level position fundamentals of federal income taxation outline an organization with operational or supervisory responsibilities, or both. Additional Compliance Information. Thomson Reuters. Sign In or Register.

Please try again later or call us at Ok Close. Level: Intermediate. Other Certifications NY Credits : 6. Format : Download. Learning objectives Upon successful completion of this course, the user should be able to: recognize the effects of a corporation's formation on shareholders, identify the effects of a corporation's formation on the corporation, determine liabilities during a corporate formation, delineate the corporation's capital structure, determine distributions, and summarize other redemption issues.

Advanced Preparation None, fundamentals of federal income taxation outline. System Requirements None. Similar courses. Others who completed this course also completed these courses.

 

Federal Income Tax Outline - Page 1 Gross Income -

 

fundamentals of federal income taxation outline

 

Jul 21,  · Income is taxable from both legal and illegal sources – “The wages of sin are not exempt from taxation.” In order to have an Amount Realized: Must have a sale or an exchange. Federal Tax Outline – Page 2. This Federal Tax Outline is keyed to Fundamentals of Federal Income Taxation, 15 edition, Foundation Press. Home» The eLangdell Bookstore» U.S. Federal Income Taxation of Individuals U.S. Federal Income Taxation of Individuals This is the sixth version of this textbook, updated through December for use beginning January , incorporating the Tax Cuts and Jobs Act. Income Taxation of Trusts and Estates • Income Taxed to Either Entity or Beneficiary –If income is accumulated and not deemed distributed, it is taxed to the trust or estate –If income distributed: •Trust gets deduction for amount of distribution, limited to DNI •Beneficiary accounts for income .