Form 4797, Tax Planning, Sales Allocation, and More

IRS Form 4797 is the form used specifically for reporting the gains or losses resulting from the sale or exchange of business and income producing property used in a trade or business. However, this Form 4797 often generates a countless amount of uncertainty and anxiety. This course will assist tax pros in determining whether a transaction is a capital gain or ordinary income and what tax consequences are associated with each. Furthermore, it will clarify what parts of Form 4797 need to be completed and their holding periods. Allocation of sales price and tax planning will also be examined.

On August 19th TaxAct Professional and Mr. A.J. Reynolds presented a course that provided you with the confidence to deal with these situations.

Available resources are:

• Presentation replay on YouTube

• Presentation slides

• A one page handout

To access this webinar library, complete the form below and once submitted a pop up window with have a link to download what you need. We hope you find this content beneficial!

Opinions expressed by Mr. Reynolds are solely his own and do not necessarily express the views or opinions of TaxAct Professional.

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