3 Hour Course
Course ID: UUBXU-T-00011-17-S
Approved By: Internal Revenue Service (IRS)
This 3-hour course on supplemental gains and losses will cover various aspects of filing business taxes. This will include a discussion of taxes on the business, as well as employee taxes that a business must pay.
We’ll talk about the difference between the accounting method of cash vs the accrual method, and how inventories should enter into tax calculations. We’ll look at the definitions and tax functions of business credits, cancelled, debts, profits, and the cost of goods.
We’ll also look at how disposing of a business asset should be handled for tax purposes.
This course will conclude with an IRS-mandated 10-question exam.