Ch 17: Specialized Tax Returns for Businesses

About This Chapter

Boost your confidence for an upcoming exam with help from this informative chapter on specialized tax returns for businesses. The short, mobile-friendly lessons you'll find here clearly outline these topics, making it easy for you to prepare for your test.

Specialized Tax Returns for Businesses - Chapter Summary

This engaging chapter outlines key topics related to specialized tax returns for businesses. In these lessons, you'll find information about the different types of trust accounts and how they're taxed. You'll also look at returns for tax-exempt organizations, retirement plans and farms. After completing this chapter, you should be able to:

  • Explain the rules that govern trusts and estate income tax
  • Outline the exemptions and deductions given in trust tax planning
  • Detail the requirements for tax-exempt status
  • Identify the employer contribution in payroll, benefits and compensation
  • Share information about the SEP IRA
  • Discuss sources of income from farms as a business entity
  • Describe the special considerations made in farm taxation

These learning materials make even the most challenging material understandable, thanks to our professionally-designed and easy-to-follow lessons. Each short lesson is accompanied by a multiple-choice quiz you can use to check your comprehension before you move on. We've made it easy to study any time you'd like by making these lessons accessible 24 hours a day on your mobile phone, tablet or computer.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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