1
Q
8 categories of basis
A
1-Overview ***Cost basis ***Transferred basis ***Exchanged basis 2-Capitalized Costs 3-Lump-Sum Assets 4-Property for Services 5-Gifts 6-Inherited Property 7-Uniform Capitalization Rules 8-Adjusted Basis
REG 2015
flashcards
Decks in class (44)
# Cards
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1.1 Circular 2307
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1.2 AICPA standards for tax services8
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1.3 Tax return preparers5
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1.4 Licensing and Disciplinary Systems4
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2.1 Securities Exchange Act of 19332
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2.2 Securities Exchange Act of 19341
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2.3 Federal Statutory Liability of CPA's and others4
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2.4 State Law Liability0
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2.5 Priviledged Communications and Confidentiality0
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3.1 Filing Status0
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3.2 Exemptions0
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3.3 Gross Income0
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3.4 Other Gross Income0
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3.5 Exclusions0
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4.1 Business Income and Expenses0
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4.2 FICA and FUTA Taxes0
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4.3 Employee Benefits0
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4.4 Farm Income and Expenses0
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4.5 Above-the-line Deductions0
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5.1 Standard and Itemized Deductions0
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5.2 Job Expenses and Certain Misc. Deductions0
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5.3 Tax Credits1
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5.4 Alternative Minimum Tax0
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5.5 Losses and Limits7
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6.1 Basis1
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6.2 Depreciation and Amortization1
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6.3 Capital Gains and Losses3
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6.4 Related Party Sales1
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6.5 Installment Sales1
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6.6 Nonrecognition Transactions1
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6.7 Business Property1
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7.1 Definition & Accounting0
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7.2 Gross Income of a Corporation0
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7.3 Deductions of a Corporation1
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7.4 Losses of a Corporation0
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7.5 Reconciling Book and Taxable Income1
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8.1 Regular Income Tax0
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8.2 Foreign Tax Credit0
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8.3 Consolidated Returns0
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8.4 Controlled Groups0
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8.5 Alternative Minimum Tax (AMT)0
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8.6 Estimated Tax0
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8.7 Accumulated Earnings Tax (AET)0
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8.8 Personal Holding Company Tax0
