My 139th certificate from Coursera
Taxation of Business Entities I: Corporations University of Illinois at Urbana-Champaign Taxation is a very interesting perspective to...
Basics of Corporate Reorganization
The term reorganization is often associated with financial difficulty, such as the reorganization of debts under state or federal...
Tax Treatment for Corporate Liquidations
Partial liquidations takes place when there is a contraction or reduction of a corporation’s business activities. Complete liquidations occur...
Corporate Stock Redemption
A stock redemption occurs when a shareholder sells stock back to the issuing corporation for cash or property. A redemption...
Corporate Non-Liquidating Distribution
As corporations operate, they can share their economic successes with shareholders by making distributions. However distributions are not necessarily required...
Taxation for Corporation Formation: Liabilities, Capital and Loss
Along with assets, corporate formation also routinely involves the transfer and assumption of liabilities. The corporation is taking responsibilities...
Taxation: Non-Recognition Rules for Corporate Formation
Important tax issues arise throughout the corporate lifecycle: its formation, operation and liquidation. The formation of a corporation generally...
Corporate Income Taxation
Regular Income Tax Liability The regular tax liability calculation itself is very straightforward: The complexity of corporate income...
Essential Concepts of Business Taxation
Origin of Federal Taxation The first income tax in the US was enacted in 1634 by the Massachusetts...
My 128th certificate from Coursera
Federal Taxation II: Property Transactions of Business Owners and Shareholders University of Illinois at Urbana-Champaign As individual or...
Character of Gains and Losses, and The Netting Process
Recall there are a few key items when evaluating a property transaction: Also recall the holding period of...
Federal Taxation: Special Gain and Loss Provisions
In the last post, we looked at two major non-taxable exchanges: like-kind exchanges and involuntary conversions. In those...
Gains, Losses, and Non-Taxable Transactions
Overview of Gains and Losses At a very high level, it’s important to be able to calculate the...
Depreciation, Amortization and Depletion
Cost Recovery What is cost recovery? For accounting purposes, businesses must capitalize the cost of assets, if the...
Basics of Bonds, Stocks, and Dividends
Interest Rates Saving Accounts After the financial crisis of 2008 and 2009, the current economic situation is rather...