Governing the deductibility of employer
Describe rules governing the deductibility of employer and employee contributions to authorized retirement funds.
- Discuss the limitations for deducting loss carry forwards.
- 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 method to another.
- Describe how expenses incurred to alter or improve a non-depreciable asset affect the cost-basis of that asset.