This course examines the U.S. federal tax system as it relates to property transactions of business owners and shareholders. Topics include cost recovery, such as depreciation, amortization, and depletion; calculation of realized versus recognized gains and losses; evaluation of the potential tax effects of nontaxable exchanges; and the combining, or netting, gains and losses that are different in nature. Assignments facilitate self-discovery of knowledge and development of a variety of professional skills.
This course is part of the U.S. Federal Taxation Specialization
About this Course
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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TOP REVIEWS FROM FEDERAL TAXATION II: PROPERTY TRANSACTIONS OF BUSINESS OWNERS AND SHAREHOLDERS
This course offers and excellent primer in the tax treatment of property transactions. It can be a bit dry, but that is the nature of tax.
Very informative and nicely presented course about the US taxation regulations. One of my favorites.
This course is very good starting point for obtaining an understanding of the Depreciation rules/ Asset classes employed
I am very grateful for everything I learned in this course, it is excellent!
About the U.S. Federal Taxation Specialization
This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations.
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