About this Course
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Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 33 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...

English

Subtitles: English
Learners taking this Course are
  • Chief Financial Officers (CFOs)
  • Accountants
  • Auditors
  • Financial Advisors
  • Lawyers

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 33 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
1 hour to complete

INTRODUCTION TO THE COURSE

3 videos (Total 7 min), 4 readings, 1 quiz
3 videos
About Professor Matthew Hutchens1m
About Professor Petro Lisowsky3m
4 readings
Syllabus15m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz10m
Week
2
3 hours to complete

Module 1: Introduction to Cost Recovery and Depreciation

6 videos (Total 63 min), 2 readings, 7 quizzes
6 videos
Overview of Depreciation14m
Using the Depreciation Tables8m
Examples Using the Depreciation Tables7m
Depreciation of Business Use Realty13m
Depreciation in Year of Disposition5m
2 readings
Module 1 Overview and Resources10m
IRS Tables15m
7 practice exercises
Lesson 1.1 Knowledge Check10m
Lesson 1.2 Knowledge Check10m
Lesson 1.3 Knowledge Check10m
Lesson 1.4 Knowledge Check10m
Lesson 1.5 Knowledge Check10m
Lesson 1.6 Knowledge Check10m
Module 1 Quiz30m
Week
3
3 hours to complete

Module 2: Accelerated Depreciation, Amortization, and Depletion

7 videos (Total 75 min), 1 reading, 7 quizzes
7 videos
Section 179 Election15m
Listed Property3m
Luxury Auto Limitations12m
Amortization11m
Depletion13m
Reporting Cost Recovery on Form 45628m
1 reading
Module 2 Overview and Resources10m
7 practice exercises
Lesson 2.1 Knowledge Check10m
Lesson 2.2 Knowledge Check10m
Lesson 2.3 Knowledge Check10m
Lesson 2.4 Knowledge Check10m
Lesson 2.5 Knowledge Check10m
Lesson 2.6 Knowledge Check10m
Module 2 Quiz30m
Week
4
2 hours to complete

Module 3: Gains, Losses, and Adjusted Basis

5 videos (Total 49 min), 1 reading, 6 quizzes
5 videos
Basis and Realized Gains or Losses5m
Adjusted Basis: Cost Basis10m
Adjusted Basis: Gift Basis14m
Adjusted Basis: Inheritance Basis9m
1 reading
Module 3 Overview and Resources10m
6 practice exercises
Lesson 3.1 Knowledge Check10m
Lesson 3.2 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Lesson 3.4 Knowledge Check10m
Lesson 3.5 Knowledge Check10m
Module 3 Quiz30m
4.9
11 ReviewsChevron Right

Top reviews from Federal Taxation II: Property Transactions of Business Owners and Shareholders

By SVJan 30th 2019

This course is very good starting point for obtaining an understanding of the Depreciation rules/ Asset classes employed

By SSAug 27th 2019

The instructors were very thorough and detailed. The explanations and examples provided were very helpful.

Instructors

Avatar

Matthew Hutchens

Lecturer of Accountancy
Department of Accountancy
Avatar

Petro Lisowsky, PhD, CPA

Associate Professor of Accountancy
College of Business: Department of Accountancy

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

About University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

About the U.S. Federal Taxation Specialization

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.