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Silvia La Porta
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Decks in this class (13)
CH. 5 - Gross Income & Exclusions
Gross income,
What are the three requirements f...,
Explain what economic benefit is ...
44
cards
CH. 6 - Individual Deductions
True or false deductions for agi ...,
True or false deductions from agi...,
68
cards
Ch. 1 - Intro to Tax
What is tax,
What is the general purpose of a tax,
Who cares about taxes
33
cards
CH. 7 - Investments
Investment income,
What are two key characteristics ...,
Portfolio investments
105
cards
Ch. 4 - Individual Income Tax
Taxable income,
Agi adjusted gross income,
What is the form typically used f...
58
cards
CH. 9 - Business Income & Deductions
What is the definition of gross i...,
Generally speaking what makes up ...,
Gross receipt test
43
cards
CH. 10 - Property Acquisition
Cost recovery,
Depreciation,
Amortization
70
cards
CH. 11 - Property Dispositions
To calculate the amount of gain o...,
What is the amount realized reali...,
What is the amount realized compu...
113
cards
CH. 15 - Entities Overview
Corporation,
Limited liability company llc,
Limited liability companies are g...
88
cards
CH. 16 - Corporate Operations
True or false corporations can it...,
A corporation s ___________ deter...,
Corporations are required in gene...
43
cards
CH. 17 - Accounting for Income Taxes
Income tax provision,
Deferred tax asset,
Deferred tax liability
55
cards
CH. 20 - Partnerships
Flow through entities,
True or false owners of flow thro...,
C corporations
80
cards
CH. 22 - S Corporations
S corporation,
Earnings and profits e p,
What are the key facts to s corpo...
35
cards
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