Tax Lessons
These lessons are best used after studying the material in class. Unlike many of CALI's other lessons, these lessons take a more problem oriented approach to learning the material. Each lesson provides students with additional problem sets to work through, allowing students to refine their ability to apply the Code and Regs. to a variety of situations.
- Basic Federal Income Taxation
- Gross Income
- Realization Concepts
- The Taxability of Employment Connected Payments: Fringe Benefits, Meals and Lodging, Unemployment Compensation, and Social Security Benefits
- Annuities and Life Insurance Proceeds
- Alimony and Alimony Recapture
- Damages and Related Receipts
- Claim of Right Doctrine
- Gifts, Bequests, Prizes, and Donative Cancellations of Indebtedness
- Scholarships
- Indirect Transfers for Services
- Exclusion of Interest on Certain United States Savings Bonds
- Receipt of Property as Compensation
- Deductions
- Trade or Business Deductions
- Deductions for Taxes
- Reasonable Compensation, Miscellaneous Business Deductions, and Business Losses
- Interest Deductions
- Traveling Expenses
- Below Market Loans
- Education Expenses
- Personal Casualty Loss Deduction: Computation, Limitations
- Basic Depreciation, ACRS, and MACRS Concepts
- Moving Expenses
- Deductions for Income-Producing Activities
- Medical Expense Deductions
- Charitable Contribution Deductions: Basic Concepts and Computations
- General Applicability of Deduction Limitations
- Taxable Income and Tax Computation
- Property Transactions
- Timing
- Assignment of Income
- Gross Income
- Corporate Taxation
- Formation of C Corporations
- Distributions
- Redemptions
- Consequences of Redemptions Under Section 302
- Redemptions in Partial Liquidations: Section 302(b)(4)
- Redemptions Not Equivalent to Dividends: Section 302(b)(1)
- Redemption Through the Use of Related Corporations: Section 304
- Substantially Disproportionate Redemptions: Section 302(b)(2)
- Constructive Ownership of Stock
- Redemptions Terminating Shareholder's Interests: Section 302(b)(3)
- Liquidations
- Reorganizations
- A Reorganizations: Definition
- Tax Consequences of Acquisitive D Reorganizations
- Tax Consequences of A Reorganizations
- Tax Consequences of Divisive D Reorganizations
- B Reorganizations: Definition
- E Reorganizations: Definition
- Tax Consequences of B Reorganizations
- F Reorganizations: Definition
- C Reorganizations: Definition
- G Reorganizations: Definition
- Tax Consequences of C Reorganizations
- D Reorganizations: Definition
- Taxation of Business Entities
- Definition and Formation
- Formation of C Corporations: Basic Issues
- S Corporation Formation: Elections
- Partnership Formation: Liabilities
- Formation of C Corporations: The Effect of Liabilities
- Partnership Definition
- Partnership Liabilities: In General
- Formation of C Corporations: Advanced Issues
- Partnership Classification
- S Corporation Formation: Eligibility
- Partnership Formation: Basic Issues
- Operations
- Operating Distributions and Allocations
- C Corporation Cash Distributions
- Calculation of C Corporation Earnings and Profits
- Partnership Allocations When Partners' Interests Vary
- C Corporation Property Distributions
- S Corporation Cash Distributions
- Partnership: Section 704(e) Allocation Rules
- C Corporation Distributions of Interests
- Partnership Operating Distributions
- Partnership: Section 704(d) Loss Limitation
- C Corporations: Defining Section 306 Stock
- Partnership Special Allocations: Basic Issues
- Partnership: At Risk and Passive Loss Limitations
- C Corporations: Section 306 Exceptions
- Partnership Special Allocations: Nonrecourse Deductions
- C Corporations: Section 306 Stock Dispositions
- Partnership Contributed Property Allocations
- Sales of Interests
- Redemptions and Partial Liquidations
- C Corporations: Redemption Consequences
- C Corporations: Constructive Ownership Determinations
- Partnerships: Identifying Section 736 Payments
- C Corporations: Section 302(b)(1) Redemptions
- Partial Partnership Liquidations: Proportionate Distributions
- Partnerships: Treatment of Section 736 Payments
- C Corporations: Section 302(b)(2) Redemptions
- Partial Partnership Liquidations: Disproportionate Distributions I
- Partnerships: Identifying Section 751 Assets
- C Corporations: Section 302(b)(3) Redemptions
- Partial Partnership Liquidations: Disproportionate Distributions II
- C Corporations: Section 302(b)(4) Redemptions
- Partial Partnership Liquidations: Disproportionate Distributions III
- Liquidations and S Election Termination
- C Corporation Liquidations: Effects on Shareholders
- S Corporations: Termination of S Election by Revocation
- Partnerships: Termination Consequences
- C Corporations: Distributions of Property in Complete Liquidations
- S Corporations: Termination of S Election: Causes
- C Corporations: Effects of Complete Liquidations
- S Corporations: Termination Consequences
- Definition and Formation
- Partnership Taxation
- Partnership Definition
- Partnership Operation
- Partnership Distributions
- Operating Distributions by Partnerships
- Partial Partnership Liquidations: Disproportionate Distributions III
- Basis Adjustments Arising from Distributions
- Identifying Section 751 Assets
- Partial Partnership Liquidations: Proportionate Distributions
- Identifying Section 736 Payments
- Partial Partnership Liquidations: Disproportionate Distributions I
- Treatment of Section 736 Payments
- Partial Partnership Liquidations: Disproportionate Distributions II
- Partnership Terminations
- Partnership Formation and Liabilities
- Partnership Allocations
- Special Allocations: Basic Issues
- Allocations When Partners' Interests Vary
- Special Allocations: Nonrecourse Deductions
- The Section 704(e) Allocation Rules
- Allocations With Respect to Contributed Property: General Principles
- The Section 704(d) Loss Limitation
- Allocations With Respect to Contributed Property: Gain, Loss, and Characterization
- At-Risk Limitations in the Partnership Context
- Allocations With Respect to Contributed Property: Depreciation of Inherent Gain Property
- Passive Loss Limitations in the Partnership Context
- Allocations With Respect to Contributed Property: Depreciation of Inherent Loss Property
- Sales of Partnership Interests
- S Corporation Taxation
- Formation and Qualification
- Taxation of the Shareholder
- Taxation of the S Corporation
- Distributions
- Termination of the S Election
Lesson ID:
TAX100
55 hours
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