Sale of Assets (Schedule D & Form 4797)
2011 Tax Law
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Online Self-Paced format?
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Non-Interactive Online Self-Paced format?
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Mail Correspondence format?
Classroom
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

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 |
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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 PractitionersPacific 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.
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California Tax Education Council
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NASBA
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Texas State Board
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New York State Board
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*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.
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