Effectively address frequently encountered yet challenging tax, accounting and auditing issues with Interactive Decision Tools – Individual 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)

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 if Cancellation of Debt Income is Excludable
• Determining What Substantiation is Required for Charitable Contributions

Individuals
• Categorizing an Individual’s Interest Expense
• Determining if a Mixed-use residence is Personal or Rental Property (Sec. 280A)

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

Passive Activities
• Determining if an Individual is a Material Participant for Passive Activity Purposes
• Grouping Multiple Activities to Achieve Section 469 Material Participation
• Is a Rental Activity Passive or a Business?

S Corporations and Shareholders
• Determining if Losses of S Corporation Shareholders are Subject to Basis Limitations

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