This class was created by Brainscape user Randi Forschler.

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Decks in this class (22)

Tax Forms
Form 1065 1,
Form 1120 2,
Form 1120s 3
63  cards
U1 - M1 Business Entity Types
What are the different business e...,
Which entity types require legal ...,
How many owners are there for a s...
99  cards
U1 - M2 Reporting Requirements and Compliance
Employer identification number ein 1,
How to apply for an ein 2,
Business changes when do you have...
64  cards
U2 - M1 Partnership Overview
Partnership agreement 1,
General partnership how are profi...,
What form is used to be taxed as ...
63  cards
U2 - M2 Partnership Formation and Other Considerations
How is partnership interest obtai...,
What is a capital contribution 2,
How are gains and losses recogniz...
32  cards
U2 - M3 Partnership Dissolution
What are the ways a partner can l...,
On a complete withdrawal liquidat...,
On a complete withdrawal liquidat...
24  cards
U3 - M1 Corporation Overview
What is the due date of a corpora...,
Estimated tax payments of corpora...,
Corporations underpayment of esti...
62  cards
U3 - M2 Forming a Corporation
Corporations section 351 requirem...,
When does section 351 not apply 2,
What is the tax liability gain or...
33  cards
U3 - M3 S Corporations
6 requirements to be eligible to ...,
Who can never be a shareholder in...,
When does the s election take eff...
38  cards
U4 - M1 Business Income
Accrual basis accounting method i...,
When does a company recognize inc...,
What is a dividend 3
55  cards
U4 - M2 Business Expenses, Deductions, and Credits
What type of expenses can a busin...,
C and s corporation salaries 2,
Officer compensation entertainmen...
77  cards
U4 - M3 Qualified Business Income
Qbi deduction taken above or belo...,
What is the qualified business in...,
Qbi is reduced by what 3
18  cards
U4 - M4 Business Assets: Basis & Holding Period
What is a subsequent reduction to...,
What do you do if you receive eas...,
What is the basis in property tha...
20  cards
U4 - M5 Business Assets: Cost Recovery
Depreciation method used for tax ...,
What is real property 2,
What is personal property 3
72  cards
U4 - M6 Business Assets: Dispositions
What are the ways you can dispose...,
When an asset is sold sometimes t...,
When gains are excluded or deferr...
45  cards
U4 - M7 Analysis of Financial Records
Naics 1,
How is income and deductions iden...,
What do you use the income statem...
42  cards
U5 - M1 Trusts And Estates
What are estates and trusts 1,
What is a fiduciary examples 2,
What form is used when creating a...
61  cards
U5 - M2 Exempt Organizations
How to qualify as a tax exempt or...,
What is an unincorporated associa...,
Requirement 2 what are the eligib...
33  cards
U5 - M3 Retirement Plans
What form is used for distributio...,
What are the 2 types of retiremen...,
Qualified retirement plans 3
66  cards
U5 - M4 Farmers
What is a farming business 1,
What are the types of income for ...,
What form is used to report farmi...
63  cards
U5 - M5 Rental Property
What type of income is rental inc...,
What is the special allowance 2,
How much is the special allowance 3
35  cards
NEED TO STUDY
Steps in determining like kind ex...
1  cards

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Becker - Businesses

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