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Training for Business Professionals

Who Should Attend?
Tax professionals that need an in-depth training of the preparation of the Form 4797


Area of Study:
Tax


Level:
Intermediate


Credit:
2 hours

Prerequisite:
General knowledge of individual/business income taxation


Advance Preparation:
None

Type:
Group Internet Based

This training session is designed to get the accountant up to speed on the Form 4797 preparation issues


 Learning Objectives:
Once participants have completed this session they should be able to prepare the Form 4797 and understand the income tax laws with respect to the sale of trade or business property

Course Highlights:
• Review the ordinary income recapture rules under IRC §1245, §1250 and §291
• Discuss the tax treatment of IRC §1231 gains and losses including the 5-year lookback rule
• Walk through the preparation issues of the Form 4797 



  Form 4797 – Ins & Outs of Reporting the Sale of Trade or Business Property