Federal Taxation II: Property Transactions of Business Owners and Shareholders
- 4.9
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Approx. 31 hours to complete
Course Summary
This course provides an overview of federal taxation laws and regulations that businesses must comply with. Topics include taxation of corporations, partnerships, and limited liability companies, as well as tax planning strategies.Key Learning Points
- Learn about the different types of business entities and their tax implications
- Understand the basics of federal taxation laws and regulations
- Explore tax planning strategies to minimize tax liability
Job Positions & Salaries of people who have taken this course might have
- USA: $63,000 - $123,000
- India: INR 3,00,000 - INR 12,00,000
- Spain: €25,000 - €60,000
- USA: $63,000 - $123,000
- India: INR 3,00,000 - INR 12,00,000
- Spain: €25,000 - €60,000
- USA: $86,000 - $163,000
- India: INR 8,00,000 - INR 25,00,000
- Spain: €35,000 - €75,000
- USA: $63,000 - $123,000
- India: INR 3,00,000 - INR 12,00,000
- Spain: €25,000 - €60,000
- USA: $86,000 - $163,000
- India: INR 8,00,000 - INR 25,00,000
- Spain: €35,000 - €75,000
- USA: $65,000 - $200,000
- India: INR 4,00,000 - INR 20,00,000
- Spain: €30,000 - €80,000
Related Topics for further study
- Taxation laws and regulations
- Types of business entities
- Tax planning strategies
- Corporate taxation
- Partnership taxation
Learning Outcomes
- Understand the basics of federal taxation laws and regulations
- Learn about different types of business entities and their tax implications
- Develop tax planning strategies to minimize tax liability
Prerequisites or good to have knowledge before taking this course
- Basic understanding of accounting principles
- Familiarity with business structures and their legal implications
Course Difficulty Level
IntermediateCourse Format
- Online self-paced
- Video lectures
- Quizzes and assignments
Similar Courses
- Federal Income Taxation
- International Taxation
Related Education Paths
Notable People in This Field
- Mark J. Kohler
- Tony Nitti
Related Books
Description
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.
Outline
- INTRODUCTION TO THE COURSE
- Course Overview and Meet Your Instructors
- About Professor Matthew Hutchens
- About Professor Petro Lisowsky
- Learn on Your Terms
- Syllabus
- About the Discussion Forums
- Learn More About Flexible Learning Paths
- Update Your Profile
- Build a Learning Community with Social Media
- Orientation Quiz
- Module 1: Introduction to Cost Recovery and Depreciation
- Concepts in Cost Recovery
- Overview of Depreciation
- Using the Depreciation Tables
- Examples Using the Depreciation Tables
- Depreciation of Business Use Realty
- Depreciation in Year of Disposition
- Module 1 Overview and Resources
- IRS Tables
- Lesson 1.1 Knowledge Check
- Lesson 1.2 Knowledge Check
- Lesson 1.3 Knowledge Check
- Lesson 1.4 Knowledge Check
- Lesson 1.5 Knowledge Check
- Lesson 1.6 Knowledge Check
- Module 1 Quiz
- Module 2: Accelerated Depreciation, Amortization, and Depletion
- Bonus Depreciation
- Section 179 Election
- Listed Property
- Luxury Auto Limitations
- Amortization
- Depletion
- Capitalization vs Expensing
- Reporting Cost Recovery on Form 4562
- Module 2 Overview and Resources
- Luxury Auto Limitations
- Lesson 2.1 Knowledge Check
- Lesson 2.2 Knowledge Check
- Lesson 2.3 Knowledge Check
- Lesson 2.4 Knowledge Check
- Lesson 2.5 Knowledge Check
- Lesson 2.6 Knowledge Check
- Lesson 2.7 Knowledge Check
- Module 2 Quiz
- Module 3: Gains, Losses, and Adjusted Basis
- Overview of Gains and Losses; Amount Realized
- Basis and Realized Gains or Losses
- Adjusted Basis: Cost Basis
- Adjusted Basis: Gift Basis
- Adjusted Basis: Inheritance Basis
- Module 3 Overview and Resources
- Lesson 3.1 Knowledge Check
- Lesson 3.2 Knowledge Check
- Lesson 3.3 Knowledge Check
- Lesson 3.4 Knowledge Check
- Lesson 3.5 Knowledge Check
- Module 3 Quiz
- Module 4: Disallowed Losses, Like-kind Exchanges, and Involuntary Conversions
- Recognized Gains and Losses
- Nontaxable Exchanges and Like-Kind Exchanges: In General
- Part 1: Like-Kind Exchanges: Boot, Basis, and Holding Period
- Part 2: Like-Kind Exchange Examples
- Involuntary Conversions: In General
- Involuntary Conversions: Replacement Time Period
- Involuntary Conversions: Non-recognition Rules
- Module 4 Overview and Resources
- Lesson 4.1 Knowledge Check
- Lesson 4.2 Knowledge Check
- Lesson 4.3 Knowledge Check
- Lesson 4.4 Knowledge Check
- Lesson 4.5 Knowledge Check
- Lesson 4.6 Knowledge Check
- Module 4 Quiz
- Module 5: Special Gain/Loss Provisions
- Sale of Personal Residence
- Contributing Property to a Business
- Wash Sales
- Worthless Securities and Losses on Small Business Stock
- Gains on Qualified Small Business Stock
- Module 5 Overview and Resources
- Lesson 5.1 Knowledge Check
- Lesson 5.3 Knowledge Check
- Lesson 5.5 Knowledge Check
- Module 5 Quiz
- Module 6: Character and the Netting Process
- Character of Gains and Losses: Introduction
- Part 1: Introduction to Netting Process
- Part 2: 3 Key Steps to Netting Process
- Part 3: Example of Netting Process
- Part 1: Introduction to §1231 Assets
- Part 2: Netting Process of §1231 Assets
- Part 3: Example of Netting Process of §1231 Assets
- Module 6 Overview and Resources
- Lesson 6.1 Knowledge Check
- Lesson 6.2 Knowledge Check
- Lesson 6.3 Knowledge Check
- Module 6 Quiz
- Module 7: Depreciation Recapture and Other Items in the Netting Process
- §1245 Depreciation Recapture
- §1250 Depreciation Recapture
- Other Items in Netting Process
- Gain from Sale of Depreciable Property Between Related Parties
- The Net Investment Tax
- Module 7 Overview and Resources
- Lesson 7.1 Knowledge Check
- Lesson 7.2 Knowledge Check
- Lesson 7.3 Knowledge Check
- Lesson 7.4 Knowledge Check
- Lesson 7.5 Knowledge Check
- Module 7 Quiz
- Module 8: Final Comprehensive Exam
- Gies Online Programs
- Depreciation Tables
- Course Wrap-Up
- Congratulations!
- Get Your Course Certificate
- Final Review
Summary of User Reviews
Learn Federal Taxation for Business on Coursera. This course has received positive reviews from students who found it to be informative and helpful. Many users appreciated the instructor's expertise and clear teaching style.Key Aspect Users Liked About This Course
Expert instructor with clear teaching stylePros from User Reviews
- Instructor has extensive knowledge and experience in tax law
- Course materials are well-organized and easy to follow
- Assignments and quizzes are challenging and reinforce learning
- Flexible schedule allows students to learn at their own pace
- Great value for the price
Cons from User Reviews
- Some users found the course to be too basic and not challenging enough
- Limited interaction with other students or the instructor
- Course is focused on U.S. tax law and may not be relevant for international students
- No certificate or credential is offered upon completion
- Some technical issues with the Coursera platform
Matthew Hutchens
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Federal Taxation II: Property Transactions of Business Owners and Shareholders
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This course examines the U. S. federal tax system as it relates to property transactions of business owners and shareholders. INTRODUCTION TO THE COURSE...
