Capital Gain or Ordinary Income?
Includes a Live Event on 09/22/2020 at 2:00 PM (EDT)
Recognizing which assets are capital assets can save significant tax amounts, especially with a rate difference of more than 20 percent between long-term capital gain and ordinary income. This on-demand course will provide detailed training on the types of assets that produce long-term capital gain and loss upon sale, with case studies involving real estate, intellectual property, internet based sales, and more. Ms. Kowal will also explain the applicability of the five different possible capital gain rates that apply to different types of income, and the applicability of the 3.8% Medicare tax to certain capital gain transactions.Dev
After this webinar you will be able to:
Recognize which assets are capital assets
Identify how to net capital gains and losses together
Differentiate how to calculate the correct capital gain rates on various types of capital assets
IRS CE: 1 Hours/Federal Tax Law
NASBA CE: 1 Hours/Federal Tax Law
CTEC CE: 1 Hours/Federal Tax Law
NSA ConnectED Webinar CPE Bonanza
Program Level: Intermediate
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.
NASBA approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.
Jennifer Kowal, JD, has been a tax professor and the director of the graduate tax program at Loyola Law School in Los Angeles since 2003. Loyola’s graduate tax program offers an LL.M. in Taxation for attorneys and a Master in Tax Law for non-lawyers. Professor Kowal teaches courses in advanced income taxation, income tax timing issues, corporate taxation, and tax research, among others. Prior to teaching at Loyola, Professor Kowal taught in the International Tax Program at Harvard Law School. She also practiced law with the firms of Irell & Manella in Los Angeles and Ropes & Gray in Boston, advising clients on the taxation of various business transactions, including cross-border, partnership and corporate structures. Professor Kowal holds a BS in Accounting with distinction from the University of Kansas, and a JD from UCLA School of Law, where she was a member of the Order of the Coif.