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Mark Fox
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...
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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.
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Provides an overview of the U.S. federal tax system as it relates to property transactions of business owners and shareholders
Taught by Mark Fox, who are recognized for their work in taxation
Explores the potential tax effects of nontaxable exchanges
Examines different methods of cost recovery, such as depreciation, amortization, and depletion
Develops skills in calculating realized versus recognized gains and losses
Provides opportunities for self-discovery of knowledge and professional skill development

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Copy of Federal Taxation II: Property Transactions of Business Owners and Shareholders with these activities:
Review prerequisite knowledge
Strengthen foundation in prerequisite concepts to enhance comprehension of course materials.
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Show steps
  • Identify relevant prerequisite topics
  • Review notes or textbooks from previous courses
  • Solve practice problems or exercises
  • Attend refresher workshops or tutorials
Read reference book
Reinforce understanding of the topics covered in this course by exploring comprehensive treatment of the subject.
Show steps
  • Obtain a copy of the reference book
  • Identify the chapters relevant to the course material
  • Read the assigned chapters
Join a study group
Engage in collaborative learning by discussing course concepts, sharing perspectives, and supporting fellow students.
Show steps
  • Form a study group with classmates
  • Establish regular meeting times and locations
  • Review course materials together
  • Discuss and clarify difficult concepts
  • Prepare for assessments as a group
Four other activities
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Complete practice problems
Enhance understanding and proficiency in applying tax principles to business transactions through repetitive exercises.
Browse courses on Cost Recovery
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  • Acquire a practice problem set
  • Study the relevant course materials
  • Attempt to solve the problems without assistance
  • Review the solutions and identify areas for improvement
Create a flowchart or diagram
Enhance understanding of complex tax concepts by visually representing the steps and relationships involved.
Show steps
  • Identify a specific tax concept or process
  • Research and gather information
  • Design a flowchart or diagram that illustrates the key steps
  • Share the flowchart or diagram with others for feedback
  • Refine and improve the visual representation
Develop a tax planning memo
Apply knowledge of tax laws and principles to a real-world scenario by creating a comprehensive tax planning strategy.
Browse courses on Tax Planning
Show steps
  • Identify a specific business transaction or situation
  • Research relevant tax laws and regulations
  • Analyze the potential tax implications
  • Develop a tax planning strategy to minimize tax liability
  • Document the strategy in a well-written memo
Create a course summary
Enhance retention by condensing and organizing course materials into a concise and coherent summary.
Show steps
  • Review notes, assignments, and lectures
  • Identify key concepts and topics
  • Summarize each topic in a clear and concise manner
  • Organize the summary into a logical structure
  • Review and refine the summary

Career center

Learners who complete Copy of Federal Taxation II: Property Transactions of Business Owners and Shareholders will develop knowledge and skills that may be useful to these careers:
Tax Accountant
Tax Accountants have an intricate understanding of all things tax related. Their work directly impacts their company's financial health. This course provides a foundation in the U.S. federal tax system as it specifically relates to property transactions of business owners and shareholders. This can help you make more informed decisions in your line of work.
Tax Consultant
Tax Consultants use a combination of financial and accounting knowledge to help businesses minimize their tax burden while staying within tax regulations and the law. This course builds upon your existing knowledge of the U.S. federal tax system by focusing specifically on property transactions of business owners and shareholders. This can give you an edge in your work.
Tax Lawyer
Tax Lawyers use their in-depth understanding of tax laws and legal codes to ensure their clients stay in compliance. They also provide legal advice on tax planning. This course helps build a foundation in the U.S. federal tax system, with a special focus on property transactions of business owners and shareholders. This can give you a competitive advantage in your field.
Certified Public Accountant
Certified Public Accountants (CPAs) provide financial accounting, auditing, and tax advisory services to help businesses and individuals achieve their financial goals. This course aligns with the CPA exam's focus on taxation and can provide you with additional knowledge in the specific area of property transactions of business owners and shareholders.
Financial Analyst
Financial Analysts use complex financial modeling and data analysis to make informed investment decisions. Evaluating property transactions of business owners and shareholders is a key aspect of this role. This course can strengthen your understanding of this subject matter.
Real Estate Agent
Real Estate Agents help clients buy, sell, and rent properties. They have a strong understanding of property values and market trends. This course provides valuable insights into the tax implications of property transactions, especially for business owners and shareholders.
Real Estate Appraiser
Real Estate Appraisers assess the value of real estate properties. They consider factors such as property condition, location, and market trends to determine a property's worth. This course provides a solid foundation in the tax implications of property transactions, particularly for business owners and shareholders. This knowledge can be beneficial in your work.
Business Owner
Business Owners are responsible for making strategic decisions that impact their company's success. Understanding the tax implications of property transactions is crucial for making informed choices. This course focuses specifically on property transactions of business owners and shareholders, giving you valuable insights for your business.
Mortgage Loan Officer
Mortgage Loan Officers help individuals and businesses secure loans to purchase properties. They have a strong understanding of mortgage lending guidelines and tax implications. This course provides insights into the tax aspects of property transactions, specifically for business owners and shareholders. This knowledge can enhance your ability to advise your clients.
Banker
Bankers provide a range of financial services to individuals and businesses. They evaluate loan applications, manage accounts, and offer financial advice. This course helps build a foundation in the tax implications of property transactions, particularly for business owners and shareholders. This knowledge can be beneficial in your work.
Financial Planner
Financial Planners help individuals and families manage their finances and plan for the future. Understanding tax implications is crucial in this role. This course focuses specifically on property transactions of business owners and shareholders, providing you with insights that can benefit your clients.
Economist
Economists study the production, distribution, and consumption of goods and services. They analyze economic data to make predictions and recommendations. This course may be useful for Economists who specialize in real estate or business taxation.
Actuary
Actuaries use mathematical and statistical techniques to assess risk and uncertainty. They work in various fields, including insurance and finance. This course may be useful for Actuaries who focus on real estate or business taxation.
Market Research Analyst
Market Research Analysts study market trends and consumer behavior. They help businesses develop marketing strategies. This course may be useful for Market Research Analysts who specialize in real estate or business taxation.
Insurance Agent
Insurance Agents help individuals and businesses manage risk by purchasing insurance policies. This course may be useful for Insurance Agents who specialize in property or business insurance.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Copy of Federal Taxation II: Property Transactions of Business Owners and Shareholders.
Provides a comprehensive overview of the federal taxation of business entities, including corporations, partnerships, and limited liability companies. It valuable resource for anyone who wants to learn more about this complex topic.
Provides a comprehensive overview of the corporate taxation. It valuable resource for anyone who wants to learn more about this complex topic.
Additional reading. Reference guide for tax advisers on property transaction issues, very practical and useful.
Additional reading. Concise overview of business entity taxation, suitable for both students and professionals.
The IRS publishes a variety of publications that provide guidance on tax laws and regulations. These publications are a valuable resource for anyone who wants to understand the tax laws and regulations.
The Tax Court Reports contain the decisions of the United States Tax Court. These decisions are a valuable resource for anyone who wants to understand the application of the tax laws and regulations.
The Federal Register contains the official notices and regulations of the federal government. These notices and regulations are a valuable resource for anyone who wants to understand the latest changes to the tax laws and regulations.
Tax Analysts Tax Notes weekly publication that provides news and analysis of the latest tax developments. It valuable resource for practitioners and anyone else who wants to stay up-to-date on the latest changes to the tax laws and regulations.
This is the official publication of the Internal Revenue Code. It valuable resource for anyone who wants to understand the complete text of the tax laws and regulations.

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