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S.L. Bland
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Decks in this class (67)
7.1 - Definition & Accounting
How is an entity with two or more...,
How is an entity with a single me...,
How is a newly formed foreign ent...
25
cards
9.1 - Corporate Tax Special Topics - Formation
What is section 351 1,
Define control 2,
Is stock exchanged for services c...
24
cards
9.2 - Corporate Tax Special Topics - Current Earnings & Profits
Are earnings and profits e p the ...,
What is the term earnings profits...,
What does e p measure 3
10
cards
9.4 - Corporate Tax Special Topics - Redemptions
When is a stock considered to be ...,
How are shareholders required to ...,
How are redemptions of stock by a...
29
cards
9.5 - Corporate Tax Special Topics - Complete Liquidation
How does a corporation recognize ...,
How is gain or loss computed 2,
True or false fmv of distributed ...
22
cards
9.6 - Corporate Tax Special Topics - Partial Liquidation
How do noncorporate shareholders ...,
How does the corporation making t...,
How does a corporation that recei...
11
cards
9.7 - Corporate Tax Special Topics - Subsidiary Liquidation
True or false both the parent cor...,
What does control mean 2,
How is basis in property distribu...
5
cards
9.8 - Reorganizations
How are reorganizations considere...,
How is gain recognized for reorga...,
How do shareholders recognize gai...
33
cards
9.9 - Procedure
What is the return due date for a...,
What is the return due date for c...,
How long is an automatic extension 3
14
cards
9.3 - Distributions
What is a distribution 1,
Define property in the form of di...,
Define the formula used to calcul...
56
cards
12.3 - Gift Tax --- Estates, Trusts and Wealth Transfer Taxes
What is a transfer tax 1,
Who are income taxes imposed on 2,
Define gift tax 3
36
cards
12.2 - Beneficiary's Taxable Income --- Estates, Trusts & Wealth Transfer Taxes
How are beneficiaries taxed in a ...,
How are beneficiaries taxed in es...,
What is the beneficiary s taxable...
6
cards
12.1 - Income Taxation --- Estates, Trusts & Wealth Transfer Taxes
What is an estate 1,
What is a trust what does it prov...,
Define principial aka res in esta...
61
cards
12.4 - Estate Tax
True or false estate principal 1,
Is estate tax and estate income t...,
Define estate tax 3
32
cards
12.5 - Generation Skipping Transfer Tax (GSTT)
Define generation skipping transf...,
Is the gstt imposed separately fr...,
Who is liable for the tax on a di...
16
cards
13.1 - Tax Legislation
What is the tax legislation proce...,
What does the house in tax legisl...,
What does the senate consist of i...
52
cards
13.2 - Tax Procedures
What percentage is the internal r...,
How often are tax payments requir...,
By what date s must taxpayers mak...
60
cards
13.3 - Tax Planning
What are the 4 roles of tax plann...,
Identify the 3 basic types of tax...,
Define timing of income recogniti...
19
cards
13.4 - Accounting Methods
What is a tax year 1,
Provide 2 examples of a tax year 2,
True or false a 52 53 week tax ye...
47
cards
13.5 - Multiple Jurisdictions
What is a tax jurisdiction 1,
What does public law 86 272 state...,
Define nexus 3
26
cards
14.1 - Sole Proprietorships
What are 3 characteristics of sol...,
What is an advantage of forming a...,
How do you go about using a diffe...
9
cards
14.2 - General Partnership
Define a general partnership 1,
Define the main 3 responsibilitie...,
Identify the 3 main aspects of a ...
55
cards
14.3 - Limited Partnership & Limited Liability Partnerships
What is a limited partnership wha...,
Define a person according to the ...,
Define a general partner 3
16
cards
14.4 - Limited Liability Company (LLC)
What is a limited liability compa...,
Define the powers of an llc 3 2,
Identify the 7 actions that a llc...
24
cards
15.1 - Formation (Corporation)
What is a corporation 1,
How are corporations taxed 2,
How do s corporations report earn...
39
cards
15.2 - Operation, Financing and Distributions
Identify the 4 rights of corporat...,
How are corporations powers limit...,
Define doctrine of ultra vires 3
16
cards
15.3 - Shareholder Rights
0
cards
15.4 - Directors & Officers Authority Duties and Liability
0
cards
15.5 - Mergers and Termination
0
cards
15.6 - Advantages & Disadvantages of Corporations
0
cards
16.1 - Formation of an Agency
0
cards
16.2 - Agent's Authority and Duties
0
cards
16.3 - Principal's Duties and Liabilities
0
cards
16.4 - Termination of an Agency
0
cards
16.5 - Antitrust Law
0
cards
16.6 - Employment Law
0
cards
16.7 - Intellectual Property Law
0
cards
16.8 - Various Law Topics
0
cards
17.1 - Classification of Contracts
0
cards
17.2 - Mutual Assent (Offer and Acceptance)
0
cards
17.3 - Consideration
0
cards
17.4 - Capacity
0
cards
17.5 - Legality
0
cards
17.6 - Lack of Genuine Assent
0
cards
17.7 - Statute of Frauds
0
cards
17.8 - Parole Evidence Rule
0
cards
17.9 - Performance, Discharge, and Breach
0
cards
17.10 - Remedies
0
cards
17.11 - Contract Beneficiaries
0
cards
17.12 - Assignment and Delegation
0
cards
1.1 - Circular 230
Identify the 3 parties involved i...,
What part does the us congress pl...,
What part does the us treasury pl...
21
cards
1.2 - AICPA Standards for Tax Service
Identify the regulations aicpa me...,
What is the common base for rules...,
Statements on standards for tax s...
23
cards
1.3 - Tax Return Preparers
Define a tax return preparer 1,
Is a tax return preparer the same...,
Give 3 examples of a tax practiti...
32
cards
1.4 - Licensing and Disciplinary Systems
Who governs the licensing process...,
What authority do state boards ha...,
What are state cpa societies 3
18
cards
2.1 - Securities Act of 1933
What is an issuer 1,
Define underwriter 2,
Define dealer 3
61
cards
2.2 - Securities Exchange Act of 1934
What does the securities exchange...,
Who or what governing body create...,
What powers do the sec have 3
28
cards
2.3 - Federal Statutory Liability of CPAs and Others
How is the accountant who prepare...,
Does the plaintiff need to prove ...,
Identify the parties a plaintiff ...
42
cards
2.4 - State Law Liability to Clients and 3rd Parties
0
cards
2.5 - Privileged Communication and Confidentiality
0
cards
3.1 - Filing Status
How many filing statuses are ther...,
What does the filing status of in...,
When is the filing status determi...
18
cards
3.2 - Exemptions
0
cards
3.3 - Gross Income
What is gross income 1,
Identify types of income included...,
Is there a deferral of income for...
35
cards
3.4 - Other Gross Income
0
cards
3.5 - Exclusions
0
cards
2.1 - Securities Act of 1933 COPY
What is an issuer 1,
Define underwriter 2,
Define dealer 3
61
cards
SU # 5 - Deductions from AGI, Credits, AMT & Limitations
Itemized deduction limitation 1,
Itemized deduction limitation 2,
Itemized deduction limitation 3
47
cards
SU # 6 - Property Transactions
Donor donee basis for gifts 1,
Gift tax what is the formula to c...,
Gift tax what is the annual exclu...
27
cards
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Regulation
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