Sale of Assets (Schedule D & Form 4797)
2011 Tax Law

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Classroom


What is this?

Other Formats Available
Live Online Webinar
Online Self-Paced
Non-Interactive Online Self-Paced
Mail Correspondence

Tuition, Books & Fees
$50.00

Class Date(s) & Time(s)
Thursday May 31, 2012
    10:00am - 2:00pm (PDT)

Lecture Length
4 hour(s)

Credit Hour(s)

3.5:NASBA CPE
4:IRS
4:Oregon Tax Board
4:Oregon State Board of Accountancy
4:CTEC
4:Texas State Board of Public Accountancy
4:New York State Board of Public Accountancy
N/A:QAS

 
Field of Study
Taxation

Program Level
Basic to Intermediate

Prerequisites
Understanding of basic tax law

Delivery Method
Live Group

Educational Venue
Portland Oregon Classroom:
13405 NW Cornell Rd.
Portland, OR 97229

CTEC Course Code
6180-CE-1009

Enrollment Agreement Form
CPE Classroom

Included In These Packages
Package B - 20 Hours CPE

IRS 1040 Tax Pro Exam Prep Series

LTC Exam Prep Series (Oregon and Federal Law)

Small Business Bundle - 33 Hours CPE

Sale of Property Bundle - 13 Hours CPE

CTEC 20 Hour CE Package 1

Course Content

                       assets

Different rules apply to the sale of capital and non-capital assets.  Gains and losses on the disposition of personal and investment property are taxed differently than gains and losses on the sale of business property.  This course covers reporting requirements for dispositions of capital assets on Schedule D.  It also provides a close-up look of how to report dispositions of business-use assets on Form 4797. 

This course covers:

  • Character of gain or loss
  • Holding period
  • How to figure gain or loss on the sale of property
  • Treatment of capital losses
  • Treatment of capital gains
  • Sale of business property
  • Section 1231 property
  • Section 1245 and 1250 property
  • Determining when like-kind exchange rules apply
  • Reporting gains and losses
  • Stock sales
  • Selling a business
  • Instructions for completing form 4797 Gains and Losses From the Sale of Assets
  • Sale of automobiles used in a trade or business

Learning Objectives

Classwork is provided for students to work on an assignment involving calculation of gains and losses on the sale of stock including application of wash sale and sale on non-qualified stock option rules.  Program includes a quiz to test and reinforce student's understanding of topics covered. 

Course materials provided to students include detailed Student Manuals, classwork answer key, quiz and quiz answer key.

By the end of this course students should be able to:

  • The difference between a sale and a trade
  • Special rules affecting sales between related parties
  • The difference between capital and non-capital assets
  • How to determine the holding period of property
  • How to complete Schedule D Capital Gains and Losses and the Schedule D tax calculation worksheet
  • How to complete Form 4797 Sale of Business Assets

Format Delivery

Students will attend a group live lecture provided by one of Pacific Northwest Tax School's skilled instructors in our Portland classroom located at 13405 NW Cornell Rd.

 

Disclosures and School Policies

Terms of Enrollment

Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media.Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School.As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have one year from date of enrollment in any course, to complete the course and receive their Certificate of Completion.

 

Basic Tax Law

Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, which can be found on our Enrollment Forms page.

 

Prerequisites & Advance Preparation

Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at: www.pnwtaxschool.com.
 

Cancellations

Self-study Correspondence and Self-Paced Online programs fees are non-refundable and non-transferable.For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
 

Problem Resolution

Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com 
 

Disclaimer

Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.Credit hours are subject to change without notice.

 

Pacific Northwest Tax School Credentials

IRS Approved Continuing Education CE Provider

We are an IRS approved sponsor of continuing education. IRS Sponsor #VRD3D .

 

Notice to Members of the National Association of Enrolled Agents: NAEA requires its members to obtain 30 hours of CPE each year. NAEA further requires the CPE be in compliance with IRS guidelines. As an IRS approved sponsor of CPE, our programs meet CPE standards set forth by NAEA.

Oregon Board of Tax Practitioners

Pacific Northwest Tax School is a licensed vocational school regulated by the Oregon Department of Education.  Our CPE programs are approved by the Oregon Board of Tax Practitioners.

 

 

 

 

 


California Tax Education Council

ctec-california-tax-education-council-approved-education-provider Pacific Northwest Tax School has been approved by the California Tax Education Council to offer Qualifying Education with our 87-HOUR CTEC Basic Tax Course - Federal & California Law which fulfills the 60-hour "qualifying education" requirement imposed by the State of California to become a tax preparer. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890,Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832 or on the internet at www.ctec.org.
CTEC Sponsor #6180

NASBA

NASBA approved sponsor of CPEPacific Northwest Tax School is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417.  Website: www.nasba.org.
NASBA sponsor #109290.

Texas State Board
of Public Accountancy

CPE for Texas CPAs *The Texas State Board of Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor.  Pacific Northwest Tax School has registered with the Texas State Board of Public Accountancy as a CPE sponsor.  This registration does not constitute an endorsement by the Board as to the quality of our CPE programs.
Texas sponsor #009794.

New York State Board
for Public Accountancy

CPE for New York CPAs The New York State Board for Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor.  Pacific Northwest Tax School has registered with the New York State Board for Public Accountancy as a CPE sponsor.  Sponsor License #002479