Supplemental Gains and Losses


3 Hour Course

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

Approved By: Internal Revenue Service (IRS)

Add to Cart (877) 724-6150

This course contains three hours of content about supplemental gains and losses. This course will talk about aspects of business taxes including taxes on the business and employee taxes that a business is required to pay.


A segment of this course will discuss the accounting method and the accrual method of cash and how they differ. A segment of this course will examine how inventories factor into tax calculations. Additionally, this course will address other topics such as business credits, cancelled, debts, profits, and the cost of goods.

A segment of this course will look at the best method for disposing of business assets for tax purposes.


At the end of the course, students will be required to complete a 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!