Interactive Decision Tools – Individual and Business Tax Library includes the
following tools:
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 |
