Effectively address frequently encountered yet challenging tax, accounting and auditing issues with Interactive Decision Tools -- Business Tax Library.

Using a dynamic interview format and state-of-the-art web technology, each tool walks you through the decision making process so that you can be assured that you’ve considered all the relevant issues and have arrived at the correct answer in a fraction of the time.

Accounting Methods
• Determining Which Expenses can be Prepaid by a Cash or Accrual Method Taxpayer

Below Market Loans
• Below Market Loan Analyzer (Navigating Sec. 7872)

Depreciation and Amortization
• Determining Eligibility for Section 179 Expensing and Bonus Depreciation
• Determining if Realty is 15, 27.5 or 39 Year Recovery Property
• Maximizing the First-year Cost Recovery Deduction for a Business Vehicle

Gain or Loss on Disposition of Property
• Determining if a Seller-financed Sale Qualifies as an Installment Sale
• Determining Whether a Property Exchange Qualifies for Sec. 1031 Like-kind Treatment

Income, Deductions and Credits
• Determining Eligibility and Input for the Small Employer Health Insurance Credit
• Determining if Cancellation of Debt Income is Excludable

Partners and Partnerships
• Determining if Gain or Loss is Recognized on Distribution to a Partner
• Identifying and Classifying Transfers from a Partnership to a Partner as a Guaranteed Payment or Distribution

Passive Activities
• Is a Rental Activity Passive or a Business?

Related Parties
• Determining “Related Parties” for Ownership Attribution Rules

S Corporations and Shareholders
• Identifying a Trust that is Eligible as an S Shareholder
• Obtaining Relief for Late S Corporation Election

Self-employment Tax
• Determining if a Partner or Member of a Limited Liability Entity is Subject to SE Tax