![Certificate Federal Taxation II: Property Transactions of Business Owners and Shareholders](https://kzhu.ai/wp-content/uploads/2023/03/Coursera-9BPSXFY7C7PG.jpg)
My 128th certificate from Coursera
Federal Taxation II: Property Transactions of Business Owners and Shareholders University of Illinois at Urbana-Champaign As individual or...
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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...
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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...
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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...
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Depreciation, Amortization and Depletion
Cost Recovery What is cost recovery? For accounting purposes, businesses must capitalize the cost of assets, if the...
![Certificate Federal Taxation I Individuals Employees and Sole Proprietors](https://kzhu.ai/wp-content/uploads/2022/04/Coursera-BM64ST3Y76SG-1024x791.jpg)
My #89 course certificate from Coursera
Federal Taxation I: Individuals, Employees, and Sole ProprietorsUniversity of Illinois at Urbana-Champaign I believe taxation is the negotiation...
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Itemized Deductions and Retirement Plans
Recall that the itemized deductions are also called “from AGI” deductions or below the line deductions. They are...
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Business Deductions
Employees vs Self-Employed What differentiates an employee from a self-employed individual (also known as independent contractor)? Employee If...
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Tax Deductions for Business, Hobby & Rental
Deductions are essentially the tax word for expense that can reduce the tax base. Deductions are disallowed unless a...
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Gross Income for Individuals
Gross Income Gross income is all income from whatever source defined, it includes income realized in any form...
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Computing the Tax
Income Tax Formula This is an important formula, you’ll use throughout the course and beyond. The US tax...