Describe the methods of accounting used for taxpayers and determine when taxpayers may change from one method to another. Describe how expenses incurred to alter or improve a non-depreciable asset affect the cost-basis of that asset.
Describe rules governing the deductibility of employer and employee contributions to authorized retirement funds. Discuss the limitations for deducting loss carryforwards. Define a taxable year according to Article 22 and describe how a taxpayer can change the taxable year. Describe the methods of accounting used for taxpayers and determine when taxpayers may change from one […]