Video: REG – Individual Taxation

18. Aug, 2009 3 Comments

In this CPA Exam Review video, instructor Phil Yaeger of Yaeger CPA Review breaks down net operating losses for the Individual Taxation portion of Regulation.

Things to look for:

  • Income that qualifies as “business” income on a 1040 for purposes of NOL offset from a Sched. C
  • Examples of income that are passive in nature and cannot be offset from a net operating loss
  • Carry back and carry forward rules for net operating losses

3 Responses to “Video: REG – Individual Taxation”

  1. lacpawannabe 18. Aug, 2009 at 11:34 am

    This is great – thank you Jeff and Phil!

  2. lacpawannabe 18. Aug, 2009 at 1:34 pm

    Thanks Jeff and Phil. This is great.

Trackbacks/Pingbacks

  1. CPA Exam Review: Regulation – Individual Taxation for Net Operating Losses | CPA Exam Blog and Review Forum - 19. Aug, 2009

    [...] questions represent part of the application of the concepts learned in part one of this CPA Exam review [...]