USCPA-NOW Comprehensive IQEX Program

Current Status

Price

$1,795*

Get Started

*CAW Network USA member discounts applicable at checkout, 1 year subscription including all updates and support

Course Content

BUSINESS LAW

Section 1 Contracts

Lesson Content

0% Complete 0/17 Steps

Introduction to Contracts

1.1.1 Types of Contracts

1.2.2 Essential Elements of a Contract

1.2.4 Counteroffers

1.2.5 Acceptance

1.2.6 Consideration

1.2.7 Promissory Estoppel

1.2.8 Legal Capacity to Contract

1.2.9 Legality of Purpose

1.3 How Contracts May Be Voided

1.4 The Statute of Frauds

1.5 The Parol Evidence Rule

1.6 Assignment of Contracts/Delegation

1.7 The Doctrine of Substantial Performance

1.8 Remedies for Breach of Contract

Section 1 Complete

Section 2 Federal Securities Acts

Lesson Content

0% Complete 0/10 Steps

Introduction to Federal Securities Acts

2.1. An Overview of the 1933 Securities Act (1933 Act)

2.2 Important Definitions

2.3 Registration Statements and Prospectuses

2.4 Exempt Transactions

2.5 Anti-fraud Provisions

2.6 An Overview of the 1934 Securities Act (1934 Act)

2.7 Registration and Disclosure Requirements

2.8 Filings and Miscellaneous Matters

Section 2 Complete

Section 3 Secured Transactions

Lesson Content

0% Complete 0/6 Steps

Introduction to Secured Transactions

3.1 Attachment of Security Interests

3.2 Perfection of Security Interests

3.3 Priorities of Claims

3.4 Rights of Parties on Default

Section 3 Complete

Section 4 Bankruptcy

Lesson Content

0% Complete 0/9 Steps

Introduction to Bankruptcy

4.1 Chapter 7 Voluntary Bankruptcy Petitions

4.2 Chapter 7 Involuntary Bankruptcy Petitions

4.3 Bankruptcy Proceedings/Role of Trustee/Preferential Transfers

4.4 Priority of Claims

4.5 Discharge of a Bankrupt

4.6 Debts not Discharged by Bankruptcy

4.7 Business Reorganizations under Chapter 11

Section 4 Complete

Section 5 Debtor-Creditor Relationships

Lesson Content

0% Complete 0/8 Steps

Introduction to Debtor-Creditor Relationships

5.1 Most Common Kinds of Liens

5.2 Nature of Suretyship and Guaranty

5.3. Creditor’s Rights and Remedies

5.4 Surety’s and Guarantor’s Rights and Remedies

5.5 Surety’s and Guarantor’s Defenses

Section 5 Complete

Section 6 Agency

Lesson Content

0% Complete 0/6 Steps

Introduction to Agency

6.1 Characteristics of an Agency Agreement

6.2 Authority/Capacity of Principals and Agents

6.3 Obligations and Rights of Principals and Agents

6.4 Termination of an Agency Relationship

Section 6 Complete

Section 7 Regulation of Employment

Lesson Content

0% Complete 0/7 Steps

Introduction to Regulation of Employment

7.1 Independent Contractor (Self-Employed) or Employee?

7.2 Federal Insurance Contributions Act (FICA)

7.3 Federal Unemployment Tax Act (FUTA)

7.4 Workers’ Compensation Act

7.5 The Affordable Care Act

Section 7 Complete

Section 8 Business Structure

Lesson Content

0% Complete 0/13 Steps

Introduction to Business Structure

8.1 Characteristics of a Partnership

8.2 The Rights, Duties, and Liabilities of a Partner

8.3 Limited Partnerships and Joint Ventures

8.4 Limited Liability Companies (LLC)

8.5 Limited Liability Partnerships (LLP)

8.6 The Characteristics of a Corporation/Advantages and Disadvantages

8.7 Corporate Financial Structure/Powers and Liabilities of a Corporation

8.8. The Rights and Responsibilities of Directors, Officers and Stockholders

8.9 Changes in Corporate Structure (Mergers and Consolidations)/Dissolution

8.10 Subchapter S Corporations

Notes on Section 8 Business Structure Questions.

Section 8 Complete

ETHICS

Section 9 Professional and Legal Responsibilities

Lesson Content

0% Complete 0/8 Steps

Introduction to Professional and Legal Responsibilities

9.1 Licensing and Disciplinary Systems

9.2 Accountant’s Legal Liabilities

9.3 Responsibilities of Tax Return Preparers

9.4 Audits, Appeals and Judicial Process

9.5 Treasury Department Circular 230

9.6 U.S. Federal Tax Law Hierarchy Quick Reference Chart

Section 9 Complete

FEDERAL TAXATION

Section 10 Individual taxation

Lesson Content

0% Complete 0/52 Steps

Individual Taxation – Introduction

10.1.1 Form 1040 Identification, Filing Status and Dependents-an overview

10.2.1 Major Components of Gross Income and Exclusions

10.2.2 Employment Income

10.2.3 Employment Benefits

10.2.4 Incentive Stock Options

10.2.5 Interest

10.2.6 Dividends

10.2.7 Taxable Refund

10.2.9 Business income (See Schedule C)

10.2.10 Business expenses

10.2.11 Depreciation – (Very Important for IQEX)

10.2.12 The Section 179 Deduction (Very important for IQEX)

10.2.13 Bonus Depreciation (Also very important for IQEX)

10.2.14 Other Deductions

10.2.15 Capital gains and losses

10.2.16 Installment Sales Taxation

10.2.17 Interest considerations

10.2.18 Related Party Rules (Also mentioned on the Blueprint as subject to testing)

10.2.19 Definition of Related Parties

10.2.20 Sale of a Business

10.2.21 Applicable Federal Rate – AFR

10.2.22 Rental Income

10.2.23 Rental Losses

10.2.24 Suspended Losses

10.2.25 Unemployment Compensation and Social Security Benefits

10.2.26 Other income

10.2.27 Exclusions

10.3.1 Introduction to Adjusted Gross Income

10.3.2 Interest on education loans and tuition fees

10.3.3 The “Pass-Through” Rules for Business Income Earned by Taxpayers Other Than Corporations (Section 199A)

10.4.1 Deductions in Arriving at Taxable Income including Itemized Deductions and Exemptions

10.4.2 Medical and Dental Expenses

10.4.3 Taxes Paid

10.4.4 Interest Paid

10.4.5 Charitable Contributions

10.4.6 Personal Casualty and Theft Losses

10.4.7 Job Expenses and Certain Miscellaneous Deductions

10.4.8 Exemptions

10.5.1 Filing Status and Calculation of Tax

10.5.2 Alternative Minimum Tax (AMT)

10.6.1 Tax Credits

10.6.21 The Child Tax Credit

10.7.1 Estimated Tax Payments (Instalments)

10.7.2 Filing Requirements

10.7.3 Penalties

10.7.4 IRS Assessments/Audit and Appeal Procedures

10.7.5 Claims for Refunds

10.7.6 Procedural Matters

Section 10 Simulations

Section 10 Complete

Section 11 Corporate Taxation

Lesson Content

0% Complete 0/20 Steps

Corporate Taxation Introduction

11.1 Filing and Payment of Tax

11.2.1 Income and Deductions/ Amortization of Intangibles/Intercorporate Dividends/Losses

11.2.2 Amortization of Intangibles

11.2.3 Intercorporate Dividends (VERY IMPORTANT!!!)

11.3 Reconciliation Between Accounting Income and Taxable Income

11.4 Permanent and Temporary Timing Differences Between Book Income and Taxable Income for Partnerships and Corporations

11.5.1 Transfers of Property to and from Corporations

11.5.2 Transfer of property from a corporation to an individual

11.6 Affiliated and Controlled Corporations/Consolidated Tax Returns

11.7 Dividend Distributions

11.8.1 Stock Redemptions and Liquidations

11.8.2 Liquidation of a subsidiary

11.9 Personal Holding Companies and Accumulated Earnings Taxes

11.10.1 S Corporations part I

11.10.2 S Corporations part II

11.11 Corporate Reorganizations

11.12 Losses on Small Business Corporation Stock

Section 11 Simulations

Section 11 Complete

Section 12 Partnership Taxation

Lesson Content

0% Complete 0/15 Steps

12.1 Types of Partnerships

12.2 Transfers of Property to a Partnership

12.3 Partnership Interests Acquired in Exchange for Services

12.4 Partnership Income and Losses/Guaranteed Payments to Partners

12.5 Calculation of a Partner’s Basis in a Partnership

12.6 Transactions with Controlled Partnerships

12.7 Partnership Year-End Selection

12.8 Termination or Continuation of a Partnership

12.9 Sale of a Partnership Interest

12.10 Non-Liquidating (Current) and Liquidating Distributions from a Partnership

12.11 The Section 754 Election

12.12 Tax Classification Options for Limited Liability Companies (LLCs)

Section 12 Simulations

Section 12 Complete

Section 13 Transactions in Property

Lesson Content

0% Complete 0/13 Steps

13.1 Capital Gains and Losses

13.2 Special Rules for the Computation of Basis

13.3 Like Kind Exchanges of Investment Property

13.4 Involuntary Conversions

13.5 Sale of a Principal Residence

13.6 Sales of Securities/Wash Sales/Worthless Securities

13.7 Transactions Between Spouses and Related Taxpayers

13.8 Short-Term and Long-Term Gains, Losses and Carryovers

13.9 Gains and Losses on Business Property (Sections 1231, 1245 and 1250)

13.10 Ideas to Absorb Net Operating Losses (NOL) or Capital Loss Carryforwards of a C Corporation

Section 13 Simulations

Section 13 Complete

Section 14 Gift and Estate Tax, Trusts And Exempt Organizations, Other Taxation Topics

Lesson Content

0% Complete 0/13 Steps

14.1 The Gift Tax

14.2 The Estate Tax

14.3 Generation-Skipping Tax (GST)

14.4 Income Taxation of Estates and Trusts

14.5 Exempt Organizations (Section 501 (c) (3) Requirements)

14.6 Multijurisdictional Taxation

14.7 International Taxation (Foreign Branches vs. Foreign Subsidiaries)

14.8 Federal Tax Legislative Process

14.9 Structure of the Internal Revenue Code

14.10 CARES Act: Highlights of Tax Provisions

Section 14 Simulations

Section 14 Complete

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Others