Enroll Course: https://www.coursera.org/learn/federal-taxation-business
Course Overview
Understanding the U.S. federal tax system is crucial for business owners and shareholders, especially when it comes to property transactions. The course titled Federal Taxation II: Property Transactions of Business Owners and Shareholders on Coursera dives deeply into this complex subject matter, exploring key topics like cost recovery, depreciation, and the nuances of gains and losses.
The Curriculum Breakdown
This course is thoughtfully structured into eight modules that progressively build your understanding:
- Introduction to the Course: An essential kickoff that introduces you to the learning environment and sets the stage for your journey.
- Module 1 – Cost Recovery and Depreciation: Explore the foundational concepts of cost recovery systems, particularly the Modified Accelerated Cost Recovery System (MACRS).
- Module 2 – Accelerated Depreciation, Amortization, and Depletion: Delve into advanced topics like Section 179 depreciation and the handling of intangible assets.
- Module 3 – Gains, Losses, and Adjusted Basis: Understand the financial implications tied to property disposals and how they affect taxation under federal law.
- Module 4 – Disallowed Losses and Like-Kind Exchanges: Learn about unique scenarios that defer tax recognition, enhancing your strategic thinking on property transactions.
- Module 5 – Special Gain/Loss Provisions: Analyze various rules protecting your interests in property sales, especially primary residences and business contributions.
- Module 6 – Character and the Netting Process: Gain clarity on how different types of gains and losses are treated under the tax code.
- Module 7 – Depreciation Recapture: A crucial aspect detailing the tax implications when selling depreciable property.
- Module 8 – Final Comprehensive Exam: An opportunity to apply what you’ve learned in a practical setting, cementing your knowledge and skills.
Why You Should Enroll
The course is designed not only for those seeking to sharpen their tax preparation skills but also for professionals looking to make informed financial decisions regarding property transactions. The blend of theoretical knowledge and practical application—demonstrated through assignments and interactive discussions—ensures a comprehensive learning experience.
Conclusion
If you are a business owner, shareholder, or simply interested in federal taxation, this course is an invaluable resource. The insights you will gain here can significantly enhance your ability to navigate property transactions while minimizing tax liabilities. I highly recommend enrolling in Federal Taxation II: Property Transactions of Business Owners and Shareholders on Coursera.
Enroll Course: https://www.coursera.org/learn/federal-taxation-business