Taxation of Business Entities, by Spillvet al. Chapters 1 8 General knowledge of income inclusion, deductible expenses, accounting periods and l. methods Ability to compute gains and losses including computation of amount realized, effect of 2. debt and ability to compute basis. Definition of capital and 1231 gains and losses 3. Effect of capital gains and losses both long term and short term 4. Effect of 1231 gains and losses 5. Definition of charitable contributions 6. MACRS depreciation 7. 8. 1245 recapture Effect and operation of the passive loss rules 9. 10. Self-employment tax 199 A; 12. SS 275, 197, 421, 422, 1211(a), 121, 172, 170, 246, 1561, 1563, 13. Reg. Sec. 1. 83-7 14. SS 301, 317, 312, 316, 305, 307, 302, 318, 311, 312 and 336 15. Reg. 551.316-1, 1.307-1 16. ss 1001, 1011, 1012, 351, 358, 362, 1032, 118, 1244, 338, 1060, 368, 361, 355, 338, 331, 334, 336, 337, and 332