This class was created by Brainscape user Nicole Aufiero. Visit their profile to learn more about the creator.
By:
Nicole Aufiero
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Decks in this class (23)
01 Ethics and Responsibilities in Tax Practice
What is the internal revenue service,
Who is a tax return preparer,
What is a 90 day letter
18
cards
02 Licensing and Disciplinary Systems
Who grants cpa licenses,
What are the requirements for obt...,
List the activities for which a c...
15
cards
03 Federal Tax Procedures
Which has priority us tax law or ...,
What court of original jurisdicti...,
What types of regulations are spe...
22
cards
04 Legal Duties and Responsibilities
Define breach of contract,
Define implied agreement,
List the elements of recovery
23
cards
05 Agency
Define vicarious liability,
Describe the concept of respondea...,
Define frolic and detour
40
cards
06 Contracts
Define merchant s confirmation me...,
What types of contracts are enfor...,
Define duress
60
cards
07 Debtor-Creditor Relationships
List the top four categories in t...,
List the types of discharge,
What is a reaffirmation agreement
60
cards
08 Federal Laws and Regulations
Under what provisions of the secu...,
What does the acronym futa stand for,
What purpose does the federal une...
28
cards
09 Business Structure
Define joint venture,
List the actions included under t...,
Define sole proprietorship
52
cards
10 Basis of Assets
How does one determine the basis ...,
How does one determine the basis ...,
List the characteristics of organ...
21
cards
11 Cost Recovery
Describe the business use test fo...,
Define listed property,
What types of assets are eligible...
21
cards
12 Gross Income
Describe the principal residence ...,
Describe the principal residence ...,
What is the gain on the sale of r...
44
cards
13 Reporting of Items from Pass-Through Entities
What are the requirements for fil...,
True or false single member entit...,
True or false entities with more ...
25
cards
14 AGI and Taxable Income Adjustments
What is the maximum contribution ...,
What is the maximum contribution ...,
What deductions are allowed for a...
29
cards
15 Loss Limitations
Provide two types of deductible l...,
True or false a realized loss is ...,
How is amount realized determined...
23
cards
16 Filing Status
List the six tests for a child to...,
Describe the qualifying child res...,
Describe the qualifying child not...
24
cards
17 Computation of Tax and Credits
Describe the child tax credit,
Describe the american opportunity...,
Describe the lifetime learning cr...
20
cards
18 Differences between Book and Tax Income (Loss)
What purpose does a schedule m 1 ...,
How are nondeductible expenses tr...,
How is income that is taxable but...
15
cards
19 C Corporations
Most revenues earned by a corpora...,
What expenses are deductible by a...,
Are charitable contributions dedu...
26
cards
20 S Corporations
What forms are used to report s c...,
What items increase a stockholder...,
What items decrease a stockholder...
24
cards
21 Partnerships
Define partnership,
What is a role of a general partn...,
What is the role of a limited par...
24
cards
22 Limited Liability Companies
Which members of a limited liabil...,
Can members in a limited liabilit...,
Multiple member llcs can elect to...
15
cards
23 Tax-exempt Organizations
What are the general filing requi...,
What is a private foundation,
True or false recognition of tax ...
15
cards
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