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Petro Lisowsky, PhD, CPA, Michael P Donohoe, PhD, CPA, and Matthew Hutchens
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What's inside

Four courses

Taxation of Business Entities I: Corporations

(24 hours)
This course introduces the U.S. federal income taxation of corporations and their shareholders. It covers corporate formation, operations, distributions, and liquidation.

Federal Taxation II: Property Transactions of Business Owners and Shareholders

This course examines the U.S. federal tax system as it relates to property transactions of business owners and shareholders. Topics include cost recovery, calculation of realized versus recognized gains and losses, evaluation of nontaxable exchanges, and combining gains and losses.

Taxation of Business Entities II: Pass-Through Entities

This course introduces U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. It focuses on relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions governing the formation, operation, and termination of pass-through entities.

Federal Taxation I: Individuals, Employees, and Sole Proprietors

(7 hours)
This course focuses on the U.S. federal tax system for individuals, employees, and sole proprietors. Key concepts include gross income, tax deductions, and the differing tax treatments for employees versus self-employed taxpayers. Learners will gain practical experience reporting income and expenses on Form 1040.

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