Effectively address frequently encountered yet challenging tax, accounting and auditing issues with Interactive Decision Tools. 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:
Accounting for Variable Interest Entities
Assessing Goodwill for Impairment
Measuring Fair Value under GAAP
Measuring Fair Value under GAAP – Periods Beginning after Dec. 15, 2011
Revenue Recognition – Construction-type and Production-type Contracts
Revenue Recognition – Multiple-element Arrangements
Revenue Recognition – Right of Return
Revenue Recognition – Software

Audit:
Reporting on Supplementary Information

Individual and Business Tax:
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
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?
Related Parties:
Determining “Related Parties” for Ownership Attribution Rules
S Corporations and Shareholders:
Determining if Losses of S Corporation Shareholders are Subject to Basis Limitations
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