Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
Form 4797 is the Swiss army knife of tax forms – a large number of totally different transactions are reported on this form most involving the disposition of business assets. In this session we will analyze in detail each section of Form 4797 as we hands-on correctly enter the sale(s) of asset(s) in that section. Code Sections 1231, 1245, 1250, and 197 will be discussed as well as how to correctly enter the transaction in your tax software.
Learning Objectives
Upon completion of this course, participants will be able to:
- Understand Code Section 1231, 1245 and 1250 transactions
- Correctly report the sale of business assets and real estate
- Compute both Section 1250 recapture and unrecapture
- Identify when gain is ordinary income under Section 1245 or 1250
- Understand how to make a Partial Disposition election
Course Specifics
|
Course ID WC1823324586 |
Revision Date February 15, 2023 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02324-23-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02324-23-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1892
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1892
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Alice Orzechowski, CPA, CMA, EA, was born and raised in Washington, DC. She holds BS degrees in Economics and Accounting from the University of Maryland, and an MS in Administration and Management from Hood College. She is licensed as a Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Alice has provided advice on tax-related matters in The Washington Post, The Frederick News Post, in various AARP publications, and on Wall Street Journal Radio, CNN, and Today’s Woman Television and is a national speaker on tax topics. Alice earned the CPA accreditation in 1976, and over the course of her …
Form 4797 - Hands On: Emphasizing Sales of Business & Rental Real Estate
$98.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 3 hour(s) and 25 minutes to watch today.
Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
Form 4797 is the Swiss army knife of tax forms – a large number of totally different transactions are reported on this form most involving the disposition of business assets. In this session we will analyze in detail each section of Form 4797 as we hands-on correctly enter the sale(s) of asset(s) in that section. Code Sections 1231, 1245, 1250, and 197 will be discussed as well as how to correctly enter the transaction in your tax software.
Learning Objectives
Upon completion of this course, participants will be able to:
- Understand Code Section 1231, 1245 and 1250 transactions
- Correctly report the sale of business assets and real estate
- Compute both Section 1250 recapture and unrecapture
- Identify when gain is ordinary income under Section 1245 or 1250
- Understand how to make a Partial Disposition election
Course Specifics
|
Course ID WC1823324586 |
Revision Date February 15, 2023 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02324-23-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02324-23-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1892
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1892
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Alice Orzechowski, CPA, CMA, EA, was born and raised in Washington, DC. She holds BS degrees in Economics and Accounting from the University of Maryland, and an MS in Administration and Management from Hood College. She is licensed as a Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Alice has provided advice on tax-related matters in The Washington Post, The Frederick News Post, in various AARP publications, and on Wall Street Journal Radio, CNN, and Today’s Woman Television and is a national speaker on tax topics. Alice earned the CPA accreditation in 1976, and over the course of her …
Form 4797 - Hands On: Emphasizing Sales of Business & Rental Real Estate
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 3 hour(s) and 25 minutes to watch today.
$98.00