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Jeff Pratt
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Decks in this class (18)
Income Tax Fundamentals and calculation: Gross income Inclusions
What is the tax formula,
Gross income is broadly defined w...,
Is gross income limited to cash r...
45
cards
Income Tax, Fundamentals And Calculations: gross income exclusions
Proceeds paid to a beneficiary be...,
Are dividends from life insurance...,
Can a business that uses life ins...
41
cards
Income Tax, Fundamentals And Calculations: deductions for adjusted gross income
What are the two cases in which t...,
Are unreimbursed business expense...,
Self employed individuals are all...
22
cards
Tax implications of special circumstances
Payments are classified as all al...,
Is child support included in the ...,
If payments to a former spouse ar...
7
cards
Income Tax, Fundamentals And Calculations: deductions and losses
Deductions for agi her often refe...,
Itemized deductions are deduction...,
Section 162 allows deductions for...
39
cards
Income Tax, Fundamentals And Calculations: employee expenses
Her self employed taxpayer job re...,
Taxpayers may deduct expenses att...,
Under deduction and limits for ho...
5
cards
Income Tax, Fundamentals And Calculations: itemized deductions
What are the major itemized deduc...,
What are miscellaneous itemized d...,
Itemize medical deductions are su...
21
cards
Charitable contributions and deductions
Charitable contributions must be ...,
Qualifying organizations are also...,
Are deductions allowed for volunt...
18
cards
Passive activity and at risk rules
Which rule is applied first the a...,
What are the at risk rules,
What makes up the total amount th...
20
cards
Income tax, fundamentals, and calculations tax determination
Besides the basic standard deduct...,
In order to use either the qualif...,
Any relationships that were estab...
13
cards
Tax credits
What are tax credits,
What are refundable tax credits,
What are non refundable tax credits
12
cards
Tax Reduction/Management Techniques: Depreciation, Cost Recovery, Amortization, Depletion, Accounting Periods, And Accounting Methods
Taxpayers may recover the cost of...,
Property that is eligible for dep...,
If an individual does not take th...
22
cards
Basis And A Tax Consequences Of The Dispositions Of Property: Property Transactions Gains And Losses
The net investment income tax is ...,
Qualifying dividend income for in...,
All or a portion of a distributio...
30
cards
Basis And The Tax Consequences Of The Dispositions Of Property: property transactions, non-taxable exchanges
White kind exchanges section 1031...,
What does like kind property mean,
What is boot
25
cards
Basis And The Tax Consequences Of The Dispositions Of Property: Section 1231 And Recapture Provisions
Section 1231 assetsif a business ...,
What is section 1245 recapture,
Section 1245 recaptureplot a depr...
10
cards
Basis And The Tax Consequences Of The Dispositions Of Property: Taxation Of Investment Transactions
Exhibit 21 summary of taxation of...,
When selling stock what are the b...,
If a corporate bond is purchased ...
29
cards
Alternative Minimu Tax (AMT)
The alternative minimum tax amt a...,
What does the alternative minimum...,
Taxpayer may have to pay the amt ...
19
cards
Characteristics and taxation of business entities
What are the legal forms of busin...,
What is a sole proprietorship,
What are the advantages of sole p...
5
cards
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Tax Planning
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