Supplemental Gains and Losses


3 Hour Course

Course ID: UUBXU-T-00011-17-S

Approved By: Internal Revenue Service (IRS)

4.7 11 Reviews

Add to Cart (877) 724-6150

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.

  • Supplemental Gains & Losses
    • Supplemental Gains & Losses [17 Activities]
      • 01. Being a Tax Preparer: Supplemental Gains and Losses (Video)
      • 02. Filing and Paying Business Taxes
      • 03. Filing and Paying Business Taxes, Part 2
      • 04. Employment Taxes and Information Returns
      • 05. Accounting Periods and Methods
      • 06. Accounting Periods and Methods, Part 2
      • 07. Accounting Periods and Methods, Part 3
      • 08. Introduction to Business Disposition, Credits, Income and More (Video)
      • View Additional Activities
        • 09. Dispositions of Business Property
        • 10. Business Income and Business Credits
        • 11. Rents and Canceled Debt
        • 12. Other Income and Items That Are Not Income
        • 13. Guidelines for Selected Occupations
        • 14. Accounting for Income
        • 15. Figuring Cost of Goods Sold
        • 16. Figuring Gross Profit
        • 17. Conclusion (Video)
    • Supplemental Gains & Losses Exam (10 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio

jeremy allen cpa instructor atyourpaceonline
Jeremy Allen, CPA, was born and raised in Chicago, Illinois. He graduated with a Bachelor's of Science in Accounting from the University of Oregon Charles H. Lundquist College Of Business. He has been a licensed CPA in the state of Oregon since 2007. He specializes in Corporate Taxation and Planning. He enjoys working with start-up businesses, online businesses, and multi-state entities. He is an avid member of Crossfit Grants Pass. In his free time he enjoys traveling and camping with his family. Go Ducks!

Course Reviews

December 15th, 2017
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