This class was created by Brainscape user Colette Thro. Visit their profile to learn more about the creator.
By:
Colette Thro
- decks
- flashcards
- learners
Decks in this class (37)
1.1 - Filing Requirements & Status
What is the formula used to calcu...,
What is the formula used to calcu...,
What is the formula used to calcu...
32
cards
1.2 & 1.3 - Gross Income
What the definition of gross income,
Non cash income is determined by,
In order to be taxable a gain mus...
87
cards
1.4 - Items From Other Entities
Business entities are either ____...,
This business entity pays tax on ...,
The tax system in the us recogniz...
34
cards
1.5 - Loss Limitations For Individuals
What are the four limitations on ...,
What is the investment in the own...,
What are the tax basis limitation...
17
cards
2.1 - Adjustments
Adjustments for agi are often ref...,
How much can one deduct as educat...,
What expenses are explicitly not ...
34
cards
2.2 - Itemized Deductions
What is the standard deduction am...,
Standard deduction and itemized d...,
The standard deduction for a sing...
26
cards
2.3 - Tax Computations & Credits
The ordinary income tax rates for...,
Long term capital gains and quali...,
With what structure does the marg...
58
cards
2.4 - Employee Stock Options
What are the two types of employe...,
How are non qualified stock optio...,
How does the nonrefundble stock o...
13
cards
3.1 - Basis & Holding Period Of Assets
What is the general basis of prop...,
What is real property what is per...,
When does the holding period for ...
23
cards
3.2 - Taxable & Nontaxable Dispositions
What does realized mean what does...,
What is the calculation used to c...,
What is included in amount realized
37
cards
3.3 - Gains & Losses
When a taxpayer disposes of prope...,
Capital assets include property r...,
What is the basic formula to calc...
36
cards
3.4 - Related Party Transactions
What prevents taxpayers from shif...,
Section 267 of the internal reven...,
Who is not considered a related p...
16
cards
3.5 - Cost Recovery
What is an annual allowance given...,
What is the depreciation method t...,
What is the definition of real pr...
32
cards
4.1 - Corporate Formation
Business entities are generally c...,
How many owners do the following ...,
Formed through flinging of articl...
19
cards
4.2 - Corporate Taxable Income
Cash received in advance accrual ...,
Some gaap income items such as in...,
Who uses the cash basis of accoun...
27
cards
4.3 - Differences Between Book & Tax
What does nibt and niat stand for,
Items of income or expense that a...,
Items of income or expense that a...
8
cards
4.4 - Tax Computations & Credits
What are the filing dates for c c...,
What are the extensions available...,
What is the requirement for estim...
23
cards
4.5 - Consolidated Tax Returns
Who can file a consolidated tax r...,
Who is denied the privilege of fi...,
An affiliated group means that a ...
8
cards
4.6 - NOLs & Capital Loss Limitations
Corporations that have nols that ...,
Corporations that have nols that ...,
Corporations that have nols that ...
9
cards
4.7 - Entity/Owner Transactions
Distributions from corporations t...,
A dividend is defined by the inte...,
If the distribution of property c...
32
cards
5.1 - S Corporations
A contribution to a s corporation...,
When a corporation is formed it i...,
Ray contributes property with a f...
41
cards
5.2 & 5.3 & 5.4 - Partnerships
A flow through entity which means...,
Partners contribute money other p...,
Is gain or loss generally recogni...
57
cards
5.5 - Multi-Jurisdictional Tax Issues
Any one of two or more taxpayers ...,
Any one of two or more taxpayers ...,
Any transaction or transfer betwe...
24
cards
5.6 - International Tax Issues
Under this tax system a nation on...,
This is when taxation is based on...,
Countries that are members of the...
37
cards
6.1 - Trusts & Gifts
Separate legal entities called fi...,
Separate income tax paying entiti...,
All trust receipts and disburseme...
20
cards
6.2 - Tax Exempt Organizations
What are the 4 types of tax exemp...,
This type of tax exempt organizat...,
This type of tax exempt organizat...
13
cards
6.3 - Circular 230
The irs publication entitled regu...,
What are the subparts that circul...,
Who do the rules governing practi...
21
cards
6.4 - Professional Responsibilities & Tax Return Preparer Penalties
Any person who prepares for compe...,
Any tax professional with an irs ...,
A tax return preparer does not in...
44
cards
6.5 - Federal Tax Procedures
The federal income tax system is ...,
This helps ensure that this volun...,
Why might a return be examined au...
52
cards
6.6 - Legal Duties & Responsibilities
Civil actions for tax malpractice...,
These impose the obligation to pr...,
To prove malpractice against a ta...
24
cards
7.1 - Agency
A legal relationship in which one...,
What is required to create an age...,
Many states require a written age...
30
cards
7.2 & 7.3 & 7.4 - Contracts
A pro is that the law will enforce,
What are the 5 methods of contrac...,
A contract formed by language ora...
99
cards
7.5 - Suretyship
One who agrees to be liable of th...,
A surety transaction involves 3 p...,
Is directly liable on the contrac...
35
cards
7.6 - Secured Transaction
A limited right in specific perso...,
Applies to most contractual secur...,
Article 9 does not apply to
27
cards
8.1 & 8.2 - Bankruptcy
What are the 6 basic types of ban...,
In what type of bankruptcy case i...,
In what type of case does the tru...
63
cards
8.3 - Federal Laws & Regulations
Provides workers and their depend...,
Who participates in fica,
How is fica funded
15
cards
8.4 & 8.5 - Business Structures
Under this type of entity one per...,
Under this entity the owner is pe...,
This entity is formed whenever tw...
119
cards
More about
Regulation
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Colette Thro's Regulation flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Regulations
- 17 decks
- 610 flashcards
- 23 learners
Decks:
Administration, Admission Transfer Discharge, Resident Behavior, And more!
