Description:

This book is for preparing 2025 taxes. This course offers a comprehensive approach to preparing business entity tax returns by integrating foundational tax law with its practical application. Key topics addressed include entity structures, the recording and reporting of business activities in financial records and tax filings, the differentiation between expenses and assets requiring capitalization and depreciation, and the proper identification of taxable income and deductible expenses. Finally, the text will walk you through a detailed, line-by-line guide to preparing basic tax returns for partnerships, S corporations and C corporations

• Applying basic bookkeeping procedures
• Distinguishing between taxable and nontaxable income, and deductible and nondeductible expenses
• Differentiating between capital assets and expendable repairs
• Explaining the differences between MACRS, §179 and bonus depreciation
• Listing 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: 25319

Level: Basic

Authors: NATP Staff

Published: 2025

Format: Print - 460 pages

Nonmembers – Join Now, Save More!

Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2025 course.