Description:
This book is for preparing 2023 taxes. Preparing a business entity tax return requires knowledge in both tax law and its application. This course covers a variety of topics such as entity structure; how to properly record and report the business activity in the books and records, and on the tax return; differentiate between assets that are expensed and those that need to be capitalized and depreciated; and determine what is included in income and which expenses are deductible. Finally, the text will walk you through line-by-line procedures for a basic tax return for partnerships, S corporations and C corporations.
Topics include:
- Summarizing basic bookkeeping procedures
- Distinguishing between taxable and nontaxable income, and deductible and nondeductible expenses
- Differentiating between capital assets and expendable repairs
- Summarizing the differences between MACRS, §179 and bonus depreciation
- Comparing and contrasting the various entity structures
- Summarizing the tax effects of forming a partnership, S corporation and C corporation
- Preparing a basic partnership, S corporation and C corporation tax return
Product Details:
Item Number: E23319
Level: Basic
Authors: NATP Staff
Published: 2023
Format: Electronic PDF - 453 pages
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Corresponding CPE Courses:
Get this e-book FREE when you purchase the corresponding 2023 course.
Purchase Info:
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Electronic products are nonreturnable.