Basics of Business Entity Taxation Self-Study


In this course, you will learn the basics of business entity taxation. We cover a variety of topics such as entity structure; how to properly record and report the business activity in the books and records and on the tax return; differentiate between assets that are expensed and those that need to be capitalized and depreciated; and determine what is included in income and which expenses are deductible. Finally, the text will walk you through line-by-line procedures for a basic tax return for partnerships, S corporations and C corporations.


Upon completion of this course, you will be able to:

  • Summarize basic bookkeeping procedures
  • Distinguish between taxable and nontaxable income and deductible and nondeductible expenses
  • Differentiate between capital assets and expendable repairs
  • Summarize the differences between MACRS, §179 and bonus depreciation
  • Compare and contrast the various entity structures
  • Summarize the tax effects of forming a partnership, S corporation and C corporation
  • Prepare a basic partnership, S corporation and C corporation tax return

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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