Intro to Business Taxation | Breezy CPA

Explore business structures, including sole proprietorship, general partnership, C corporation, S corporation, and LLC, and learn how income is reported using Schedule C, Form 1120, 1120S, and 1065.

Explore how general partnerships form informally, carry unlimited liability, and report profits on Form 1065, while outlining partner rights, duties, and transfer rules.

Compare general partnerships, limited partnerships, limited liability partnerships, and LLCs, detailing liability and formation, with profits flowing to individual tax returns via the ten sixty five.

Explore the structure of corporations, including C and S types, articles of incorporation, board and officer roles, shareholder rights, dividends, and basics of mergers and dissolution.

Explore a real-world partnership example to see how Form 1065 flows to partners' k-1. Discover how ordinary income, deductions, separately stated items, and capital gains pass to their 1040.

Understand partnership taxation basics, including general, limited, and LLP structures. See how a partner's basis, capital accounts, and contributed liabilities shape at-risk amounts and tax consequences.

Explore partnership distributions, including liquidating and non liquidating types, the distribution order by asset type, impact on basis, and reporting gains or losses on Form 1040 and related schedules.

Explore how an S corporation files Form 1120S, passes through income to shareholders via K-1s, meets eligibility, and handles built-in gains and status changes.

Explore how a C corporation files form 1120, calculates taxable income, and handles double taxation, distributions, deductions, and depreciation with a real world walkthrough.

Explore C corporation transactions, including stock-for-property transfers with 80 percent control, the dividend received deduction tiers, and topics like charitable contributions, accumulated earnings, and AMT.