Special Tax Provisions

Federal Tax Course – Lesson 20

INVOLUNTARY CONVERSIONS

 
Introduction 2001
Replacement Period 2002
What Qualifies as “Replacement Property” 2003
Condemnation Awards 2004
Property Replaced in Kind 2005
Other Examples of Involuntary Conversion 2006
Special Relief Provisions for Disaster-Related Involuntary Conversions 2007

THE INSTALLMENT METHOD OF REPORTING INCOME

Introduction 2008
Reporting Installment Sales on the Tax Return 2009
Election of Regular Method 2010
Contract Price 2011
Imputed Interest 2012
Deferred Payment Sales 2013

RECAPTURE OF DEPRECIATION AND OTHER EXPENSES

What is Depreciation Recapture 2014
“Section 1245” Income 2015
Depreciation Recapture on Real Estate 2016
Recapture of Farm Development Expenses 2017

THE ALTERNATIVE MINIMUM TAX

Introduction 2018
Adjustments to Taxable Income 2019
What are Tax Preferences 2020
The Alternative Minimum Tax Computation 2021
ATM Credit 2021A

THE INDIVIDUAL RETIREMENT ACCOUNT (IRA) AND OTHER RETIREMENT PLANS

Introduction 2022
Married Taxpayers 2023
Special Rules for Individuals Participating in Employer-Sponsored Retirement Plans 2024
Nondeductible Contributions 2025
Tax Free Rollovers 2026
Distributions – Penalty Provisions 2027
The Roth IRA 2028
Rollovers 2029
Planning Considerations – Roth IRA vs Traditional IRA 2030
The Education IRA 2031
SIMPLE Retirement Plans 2032
Other Employer Pension and Retirement Plans 2033
Distributions from Pension and Profit Sharing Plans 2034
Self Employed Retirement Plans 2035
Special Provisions for Businesses Located in wife ‘Empowerment Zones’ 2036
Medical Savings Account 2037