Description:
Learn the basics of business entity taxation. Review 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; determine what is included in income; and which expenses are deductible. Additionally, this e-book will walk you through line-by-line procedures for a basic tax return for partnerships, S corporations and C corporations.
Table of Contents.
Basics of Business Entity Taxation covers:
- Comparison and contrast of the various entity structures
- Summarizing basic bookkeeping procedures
- Differentiating between capital assets and expendable repairs
- Summarizing the difference between MACRS, §179 and bonus depreciation
- Distinguishing between taxable and nontaxable income, and deductible and nondeductible expenses
- 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:
Level: Basic level
Author: NATP Staff
Publisher: NATP
Publication Date: 2020
Format: Electronic - 460 Pages
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Corresponding CPE Courses:
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Basics of Business Entity Taxation Self-Study Course
Purchase Info:
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