On-Demand


41 CPE

Tax Staff Essentials - Level 2 Experienced Staff (Complete Bundle) 2024

On-Demand
41 CPE

Learning Objectives

  • Distinguish between income tax and sales tax nexus.
  • Apply the tests for determining business and nonbusiness income.
  • Determine the tax basis of property received in a like-kind exchange.
  • Determine the components of the traditional Massachusetts formula.
  • Determine whether an activity is passive or active.
  • Recognize how material participation affects the taxation of an activity.
  • Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.
  • Analyze the tax-saving opportunities and requirements with respect to Section 1244 stock.

Major Topics

  • Nexus, UDITPA, and MTC
  • Income apportionment and allocation for multi-state tax purposes
  • Depreciation recapture
  • Nonrecognition transactions
  • Retirement plan distributions
  • Individual tax credits
  • Qualified business income
  • Net operating losses

CPE Credits Available

41 CPE
41
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

Basic knowledge of income taxation

Advanced Preparation

None.

Provider

AICPA - Durham

This can not be purchased at this time.