Tax Planning

This class was created by Brainscape user David Marchlik.

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Decks in this class (10)

Chapter 9 Tax Credits
What is the difference between re...,
What is the purpose of the earned...,
What expenses are covered by the ...
12  cards
Chapter 9 Education Credits
What is the base and rate for the...,
What is the maximum annual credit...,
What is the maximum annual credit...
15  cards
Chapter 10 Basis Rules, Depreciation & Asset Categorization
What is the purpose of basis in i...,
Define cost basis 2,
What is the basis of inherited pr...
21  cards
Chapter 12 Business Assets
What is a section 1231 asset 1,
Under section 1231 how are gains ...,
What is the purpose of depreciati...
13  cards
Chapter 15 The Alternative Minimum Tax
What is the primary purpose of th...,
How does amt apply to taxpayers 2,
What is the amt calculation proce...
17  cards
Chapter 13 Nontaxable Exchanges
What are the requirements to qual...,
What is the exclusion amount for ...,
What is the proration of the pers...
14  cards
Chapter 14 Passive Activity Rules
What do the at risk rules state r...,
Under the at risk rules a taxpaye...,
What are the three types of income 3
9  cards
Chapter 6 Introductions to Deductions
What are the deductions for agi a...,
What contributions are deductible...,
What is the penalty on premature ...
9  cards
Chapter 7 Below the Line Deductions (FROM AGI)
What is the greater of when deter...,
What are itemized deductions also...,
Name three types of itemized dedu...
10  cards
Exam Questions
What is the single filer threshol...,
Like exchange with boot 2
2  cards

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Tax Planning

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