Sale of Assets

On August 27, 2020

$40 for Members
$65 for Non Members Become Member

Basis calculations for several different situations, such as gifts, inherited property, personal property converted to business use, S-Corporation and partnership basis, intangibles, and others will be discussed along with depreciation recapture regulations.  The webinar will include several examples of how to calculate the gain or loss on the sale and the breakdown of the gain or loss between capital gain or loss and ordinary gain or loss.

 

Start: August 27, 2020 10:00 am Cost: $40 - $65
End: August 27, 2020 12:00 pm Category: Taxes
Course Objective

Webinar attendees will be able to identify a capital asset and determine how to figure the basis for the asset when it is sold or disposed of in order to compute the taxable gain or loss on the sale.

CPE Hours

2

Level

Basic

Prerequisites

None

Field of Study

Taxes

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Organized By: IAAI
IAAI has always been dedicated to increasing and maintaining a high standard of proficiency and integrity among its members; cultivating a spirit of professional cooperation among its members; and establishing good will and understanding between the public and the membership. For more information regarding administrative policies such as complaint and refund, please contact our offices at 800-222-2270. Independent Accountants Association of Illinois is registered with the National Association of 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 submitted to the National Registry of CPE sponsors through its website: www.nasbaregistry.org
Address: P.O. Box 9140
Springfield US,62791-9140
Phone: 800-222-2270
Email: illinoisaccountants@gmail.com
Website: http://illinoisaccountants.com
Joel Shabsin

Joel Shabsin has been a CPA for over 40 years. He is President of Joel Shabsin & Associates, Inc., a small accounting and tax preparation firm serving both businesses and individuals with accounting, tax preparation, tax planning, and payroll processing needs. In addition to his business practice, he writes biweekly articles for IAAI on topics relating to accounting and tax issues. He is also a SCORE volunteer mentoring small business owners and presenting workshops in the areas of tax and accounting.

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