This lesson explores those costs that qualify as § 162 education expenses.
Read moreThis lesson will review how costs can be deducted for insurance compensations for casualty losses and accidents. Questions cover IRS Code section 165 and its regulations.
Read moreThis lesson will cover business deductions, such as reasonable compensation, parachute payments, miscellaneous deductions,and business losses. Several Internal Revenue Code sections are reviewed, including 162 and 274.
Read moreThis lesson is best used after studying Federal Income Taxation: Deductions, in class. The lesson includes problem sets to work through to refine your ability to apply the Code and Regs. to a variety of situations involving general applicability of deduction limitations under section 183.
Read moreThis lesson will provide users with scenarios in applying regulations concerning the exclusion of gifts, prizes, and related income from gross income calculations. Questions review Internal Revenue Code section 102.
Read moreThis lesson is best used after studying Basic Federal Income Taxation: Deductions. The lesson provides 12 questions to allow you to refine your ability to apply the Code and Regs. to a variety of situations related to income-producing activities under section 212.
Read moreThis lesson is best used after studying Federal Income Taxation: Taxable Income and Tax Computation, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving filing status.
Read moreThis lesson introduces the reader to the regulations concerning deductions for business travel expenses, including Internal Revenue Code section 162.
Read moreThis lesson will guide users to understand those expenses that qualify under the designation of a scholarship, and regulations concerning exclusions, prizes, and other income for students. Questions review your understanding of Internal Revenue Code section 117.
Read moreThis lesson guides students through the calculation of income tax from indirect transfers of service and other forms of compensation.
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