Are you interested in developing your knowledge and skills in U.S. Business Taxation? If so, consider enrolling in our course, which on U.S. Business Tax. This online course provides a basic introduction to Business Organizations and Fixed Assets.
Topics covered:
Introduction to different types of Business Tax Returns
Understanding LLCs and LLC Classifications
Record Keeping: Financial Statements and the Trial Balance
Expensing vs. Capitalizing
Basis and Adjusted Basis
Depreciation
IRC 179
Bonus Depreciation
Calculating Gain or Loss on Assets
Form 4797
Overview of Safe Harbor and Small Business Elections
Introduction to Like-Kind Exchange
Introduction to Adjustments for AGI
Overview of different types of deductions
Understanding the basics of Qualified Business Income
Analyzing Tax Calculation
Child Tax Credit and Earned Income Credit
Child and Dependent Care Credit
Education Credits and Retirement Savings Credit
Residential Energy Credit and Credit for the Elderly or Disabled
Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick specializes in IRS/State Collections Cases, settlements with the IRS, Tax Lien Releases and Corporate Officer Assessments.
