À propos de ce cours
4,422

Commencez à travailler pour votre diplôme

Essayez des vidéos de cours, des lectures et des devoirs à votre rythme pour le diplôme Master of Science in Accountancy (iMSA)

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.

Niveau intermédiaire

Approx. 34 heures pour terminer

Recommandé : 8 weeks of study, 6-8 hours/week...

Anglais

Sous-titres : Anglais

Commencez à travailler pour votre diplôme

Essayez des vidéos de cours, des lectures et des devoirs à votre rythme pour le diplôme Master of Science in Accountancy (iMSA)

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.

Niveau intermédiaire

Approx. 34 heures pour terminer

Recommandé : 8 weeks of study, 6-8 hours/week...

Anglais

Sous-titres : Anglais

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
1 heure pour terminer

INTRODUCTION TO THE COURSE

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course. ...
1 vidéo (Total 2 min), 5 lectures, 1 quiz
5 lectures
A Note from Your Instructor10 min
Syllabus15 min
About the Discussion Forums10 min
Update Your Profile10 min
Build a Learning Community with Social Media10 min
1 exercice pour s'entraîner
Orientation Quiz10 min
3 heures pour terminer

Module 1 Cost Recovery: Depreciation

In this module, you will be introduced to concepts of cost recovery used by U.S. Taxpayers. The nature of property will be discussed designating the difference between realty and personalty. The Modified Accelerated Cost Recovery System (MACRS) will be explained along with its classification of both real and personal assets as well as applicable conventions used in depreciating property. Finally, learners will discover how to use the tax depreciation tables to aid in the determination of allowable cost recovery deductions....
5 vidéos (Total 59 min), 2 lectures, 6 quiz
5 vidéos
Overview of Depreciation14 min
Using the Depreciation Tables8 min
Examples Using the Depreciation Tables7 min
Depreciation of Business Use Realty13 min
2 lectures
Module 1 Overview and Resources10 min
IRS Tables15 min
6 exercices pour s'entraîner
Lesson 1.1 Knowledge Check10 min
Lesson 1.2 Knowledge Check10 min
Lesson 1.3 Knowledge Check10 min
Lesson 1.4 Knowledge Check10 min
Lesson 1.5 Knowledge Check10 min
Module 1 Quiz30 min
Semaine
2
2 heures pour terminer

Module 2 Depreciation: Accelerated Depreciation and Listed Property

In this module, you will take a deeper dive into concepts of cost recovery used in the U.S. Federal tax structure. This deeper dive begins with a discussion about the two different types of additional first year depreciation, known as Section 179 depreciation and "bonus" depreciation. Next, you will learn about listed property, which faces limitations on the deductibility....
4 vidéos (Total 41 min), 1 lecture, 5 quiz
4 vidéos
Section 179 Election15 min
Listed Property4 min
Luxury Auto Limitations11 min
1 lecture
Module 2 Overview and Resources10 min
5 exercices pour s'entraîner
Lesson 2.1 Knowledge Check10 min
Lesson 2.2 Knowledge Check10 min
Lesson 2.3 Knowledge Check10 min
Lesson 2.4 Knowledge Check10 min
Module 2 Quiz30 min
Semaine
3
4 heures pour terminer

Module 3 Amortization and Depletion

In this module, you will take a look at the remaining concepts of cost recovery used in the U.S. Federal tax structure. In the previous module, you learned about depreciation taken on tangible personal and real property. In this module, you will learn how intangible personal and real property costs are recovered through amortization, and which kinds of intangible property are eligible to be amortized. You will also learn how natural resource costs are recovered through depletion deductions. Finally, you will learn about the non-deductibility of start-up expenditures and their amortization....
5 vidéos (Total 38 min), 2 lectures, 5 quiz
5 vidéos
Reporting Cost Recovery on Form 456210 min
Depletion13 min
Tour of Property A ("Lakeside Restaurant")39s
Tour of Property B ("Hillside Office")1 min
2 lectures
Module 3 Overview and Resources10 min
IRS Table of Class Lives15 min
4 exercices pour s'entraîner
Lesson 3.1 Knowledge Check10 min
Lesson 3.2 Knowledge Check10 min
Lesson 3.3 Knowledge Check10 min
Module 3 Quiz30 min
Semaine
4
2 heures pour terminer

Module 4 Property Transactions: Gains, Losses, and Adjusted Basis

In this module, you will take a deep dive into property transactions, specifically disposals, and their tax consequences under U.S. federal tax law. First, we’ll begin by discussing the economic concept of amount realized. Next, we’ll discuss differences between the amount and gains or losses realized versus recognized, such as deferred or postponed gains and disallowed losses. Last, we’ll discuss the three main ways property basis is established, namely cost basis, gift basis, and inheritance basis....
5 vidéos (Total 53 min), 1 lecture, 6 quiz
5 vidéos
Basis and Realized Gains or Losses7 min
Adjusted Basis: Cost Basis11 min
Adjusted Basis: Gift Basis14 min
Adjusted Basis: Inheritance Basis10 min
1 lecture
Module 4 Overview and Resources10 min
6 exercices pour s'entraîner
Lesson 4.1 Knowledge Check10 min
Lesson 4.2 Knowledge Check10 min
Lesson 4.3 Knowledge Check10 min
Lesson 4.4 Knowledge Check10 min
Lesson 4.5 Knowledge Check10 min
Module 4 Quiz30 min
Semaine
5
2 heures pour terminer

Module 5 Property Transactions: Gains, Losses, and Like-Kind Exchanges

In this module, you will learn about unique property transactions where gains and/or losses are deferred. First, we’ll discuss circumstances where certain losses on the disposal of property are not allowed to be recognized. Next, we’ll discover what wash sales are and the dates that determine whether or not the losses can be recognized. Next, we’ll discuss a type of non-taxable exchange called “like-kind exchange,” which allows properties to be exchanged with no tax recognition, and the rules governing its tax deferred status. Next, we’ll discuss specific circumstances where part of the non-taxable transaction actually becomes taxable due to receipt of non-like-kind property, called boot. Last, we’ll talk about what basis the newly exchanged property should have, and what the holding period should be....
4 vidéos (Total 42 min), 1 lecture, 4 quiz
4 vidéos
Nontaxable Exchanges and Like-Kind Exchanges: In General10 min
Part 1: Like-Kind Exchanges: Boot, Basis, and Holding Period6 min
Part 2: Like-Kind Exchange Examples9 min
1 lecture
Module 5 Overview and Resources10 min
4 exercices pour s'entraîner
Lesson 5.1 Knowledge Check10 min
Lesson 5.2 Knowledge Check10 min
Lesson 5.3 Knowledge Check10 min
Module 5 Quiz30 min
Semaine
6
2 heures pour terminer

Module 6 Property Transactions: Involuntary Conversions and Tax-Free Gains

In this module, we continue our discussion regarding non-taxable exchanges and discuss involuntary conversions. You will learn the earliest and latest dates to involuntarily exchange an asset after a casualty loss or condemnation. Next, we discuss paths for conversion, direct and indirect, and their tax consequences. We discuss two tests governing the non-recognition rules, specifically the functional use test and the taxpayer use test. Last, we discuss the rules governing the non-taxation of the sale of a taxpayer’s primary residence....
4 vidéos (Total 48 min), 1 lecture, 5 quiz
4 vidéos
Involuntary Conversions: Replacement Time Period10 min
Involuntary Conversions: Non-recognition Rules13 min
Sale of Personal Residence13 min
1 lecture
Module 6 Overview and Resources10 min
5 exercices pour s'entraîner
Lesson 6.1 Knowledge Check10 min
Lesson 6.2 Knowledge Check10 min
Lesson 6.3 Knowledge Check10 min
Lesson 6.4 Knowledge Check10 min
Module 6 Quiz30 min
Semaine
7
2 heures pour terminer

Module 7 Property Transactions: Character and Recapture

In this module, we discuss the character and applicable tax rates for gains and losses on the disposal of property. Gains and losses are categorized into ordinary, Section 1231, and long-term capital “preferential” rates. Next, the importance of the holding period and its determination of whether an asset is designated as short-term versus long-term is discussed. The netting of gains and losses from different characterizations is discussed. Last, we discuss what a Section 1231 asset is and how it gets treated in the netting process....
7 vidéos (Total 55 min), 1 lecture, 4 quiz
7 vidéos
Part 1: Introduction to Netting Process5 min
Part 2: 3 Key Steps to Netting Process9 min
Part 3: Example of Netting Process7 min
Part 1: Introduction to §1231 Assets7 min
Part 2: Netting Process of §1231 Assets3 min
Part 3: Example of Netting Process of §1231 Assets12 min
1 lecture
Module 7 Overview and Resources10 min
4 exercices pour s'entraîner
Lesson 7.1 Knowledge Check10 min
Lesson 7.2 Knowledge Check10 min
Lesson 7.3 Knowledge Check10 min
Module 7 Quiz30 min
Semaine
8
2 heures pour terminer

Module 8 Property Transactions: Depreciation Recapture

In this module, you will take a deeper dive into two categories within Section 1231 assets, Section 1245 assets and Section 1250 assets. You will learn about both depreciation recapture and depreciation unrecapture, and the varying special tax rates for gains that are recaptured or unrecaptured. Last, you will discover how other gains and losses fit into the netting process....
4 vidéos (Total 36 min), 2 lectures, 5 quiz
4 vidéos
§1250 Depreciation Recapture8 min
Other Items in Netting Process4 min
The Net Investment Tax6 min
2 lectures
Module 8 Overview and Resources10 min
Course Wrap-Up10 min
5 exercices pour s'entraîner
Lesson 8.1 Knowledge Check10 min
Lesson 8.2 Knowledge Check10 min
Lesson 8.3 Knowledge Check10 min
Lesson 8.4 Knowledge Check10 min
Module 8 Quiz30 min
4.9
9 avisChevron Right

Meilleurs avis

par SVJan 30th 2019

This course is very good starting point for obtaining an understanding of the Depreciation rules/ Asset classes employed

par GGDec 23rd 2017

Very informative and nicely presented course about the US taxation regulations. One of my favorites.

Enseignants

Avatar

Matthew Hutchens

Lecturer of Accountancy
Department of Accountancy
Avatar

Petro Lisowsky, PhD, CPA

Associate Professor of Accountancy
College of Business: Department of Accountancy

Prenez une longueur d'avance pour votre diplôme

Ce cours fait partie du diplôme intégralement en ligne Master of Science in Accountancy (iMSA) de Université de l'Illinois à Urbana-Champaign. Commencer un cours ouvert ou une spécialisation aujourd'hui pour suivre des cours proposés par iMBA et terminer vos devoirs à votre rythme. Dès que vous terminez un cours, vous recevez un Certificat que vous pourrez ajouter à votre profil Linkedin et à votre CV. Si vous postulez et êtes admis au programme complet, vos cours sont pris en compte dans votre apprentissage diplômant.

À propos de Université de l'Illinois à Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

À propos de la Spécialisation U.S. Federal Taxation

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

Foire Aux Questions

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  • Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.

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