Decks in this Class (42):
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Chapter 1 T F
Chapter 1 T/F
Sample Cards:the standard federal tax reporter is pub,federal tax articles is a comprehensive,one leading report for the latest tax de5 CardsPreview Flashcards -
Chapter 2 T F
Chapter 2 T/F
Sample Cards:congress was given the power by the orig,congress has the power to tax all income,he statutory source of tax law today is19 CardsPreview Flashcards -
Chapter 2 Review
Chapter 2 Review
Sample Cards:what powers does the 16th amendment give,describe the historical evolution of the,what is the legal effect of the code22 CardsPreview Flashcards -
Chapter 3 T F
Chapter 3 T/F
Sample Cards:all income is includible in a taxpayer s,although there are 15 items listed in th,when a taxpayer receives a return of cap8 CardsPreview Flashcards -
Chapter 3 Review
Chapter 3 Review
Sample Cards:what are 15 items that are specifically,how is the tax concept of income differe,don purchases stock at 30 a share the pr8 CardsPreview Flashcards -
Chapter 2 Mc
Chapter 2 MC
Sample Cards:which of the following statements concer,in which of the following courts may a t,which of the following statements correc7 CardsPreview Flashcards -
Chapter 3 Mc
Chapter 3 MC
Sample Cards:which of the following items would be co,at the time of occurrence which of the f,which of the following statements concer3 CardsPreview Flashcards -
Chapter 4 T F
Chapter 4 T/F
Sample Cards:a deductible contribution to an ira is a,the standard deduction for all individua,for the 2011 tax year taxpayers with adj14 CardsPreview Flashcards -
Chapter 4 Review
Chapter 4 Review
Sample Cards:what is adjusted gross income,list several items that are deductible f,what is the standard deduction and how i25 CardsPreview Flashcards -
Chapter 5 T F
Chapter 5 T/F
Sample Cards:if alimony payments are deductible by on,payments of alimony may be made in eithe,payments constituting alimony made by a21 CardsPreview Flashcards -
Chapter 5 Review Questions
Chapter 5 Review Questions
Sample Cards:what is the basic income tax rule regard,can rent free occupancy of a home by a f,can rent free occupancy of a home by a f25 CardsPreview Flashcards -
Chapter 6 T F
Chapter 6 T/F
Sample Cards:one essential element of a gift is that,a gift of property must be in a form suf,if a gift of property is excludible from21 CardsPreview Flashcards -
Chapter 7 T F
Chapter 7 T/F
Sample Cards:a business expense need not be made at r,business expenditures are not deductible,all business expenditures including fine20 CardsPreview Flashcards -
Chapter 8 T F
Chapter 8 T/F
Sample Cards:a taxpayer who owns stock that has decli,no deduction is allowed for a loss of ex,when stock in a corporation becomes wort12 CardsPreview Flashcards -
Chapter 9 T F
Chapter 9 T/F
Sample Cards:capital expenditures include those made,the cost of a capital expenditure is ded,personal expenses such as heat electrici30 CardsPreview Flashcards -
Chapter 10 T F
Chapter 10 T/F
Sample Cards:a qualifying child for purposes of the t,the amount of the tax credit for childre,qualified adoption expenses for purposes8 CardsPreview Flashcards -
Chapter 11 T F
Chapter 11 T/F
Sample Cards:cost recovery allows the taxpayer to rec,depreciation deductions for property are,a mortgagee is allowed to take depreciat21 CardsPreview Flashcards -
Chapter 12 T F
Chapter 12 T/F
Sample Cards:generally excess losses from a passive a,under the passive activity loss rules ma,to qualify for the active participation3 CardsPreview Flashcards -
Chapter 13 T F
Chapter 13 T/F
Sample Cards:realized gain includes economic gain tha,whenever a realization of gain or loss o,the amount realized on a sale of propert20 CardsPreview Flashcards -
Chapter 14 T F
Chapter 14 T/F
Sample Cards:a capital asset includes all property he,sales of capital assets held by individu,sales of collectibles qualify for the lo10 CardsPreview Flashcards -
Chapter 15 T F
Chapter 15 T/F
Sample Cards:theft and casualty losses are not tax pr,when computing the amt the standard dedu,charitable contributions are generally a12 CardsPreview Flashcards -
Chapter 16 T F
Chapter 16 T/F
Sample Cards:death benefits received under an annuity,life insurance death benefits are genera,a surviving spouse may exclude from inco21 CardsPreview Flashcards -
Chapter 17 T F
Chapter 17 T/F
Sample Cards:the 10 percent penalty will apply to the,a life policy death benefit increase lin,all mecs issued by the same insurer to a3 CardsPreview Flashcards -
Chapter 18 T F
Chapter 18 T/F
Sample Cards:a corporation is a business organization,limited liability means that it is only,a corporation is not legally dissolved o24 CardsPreview Flashcards -
Chapter 19 T F
Chapter 19 T/F
Sample Cards:generally a distribution by a corporatio,a dividend includes a return of paid in,the earnings and profits of a corporatio20 CardsPreview Flashcards -
Chapter 20 T F
Chapter 20 T/F
Sample Cards:business organizations that are unincorp,a limited liability company has the corp,profits earned by a partnership are taxe20 CardsPreview Flashcards -
Chapter 4 Mc
Chapter 4 MC
Sample Cards:which of the following statements concer,in order to be treated as a qualifying c,how many personal exemptions is a blind5 CardsPreview Flashcards -
Chapter 5 Mc
Chapter 5 MC
Sample Cards:an employer maintains a group term life,an executive bought 100 shares of his em,robert and susan were just divorced in a6 CardsPreview Flashcards -
Chapter 6 Mc
Chapter 6 MC
Sample Cards:five years ago john purchased a portfoli,this year joe carlton gave rental real e,which of the following statements concer6 CardsPreview Flashcards -
Chapter 7 Mc
Chapter 7 MC
Sample Cards:benefits received in excess of medical e,which of the following educational expen,which of the following statements concer7 CardsPreview Flashcards -
Chapter 8 Mc
Chapter 8 MC
Sample Cards:which of the following statements concer,all the following statements concerning,to determine adjusted gross income all t4 CardsPreview Flashcards -
Chapter 9 Mc
Chapter 9 MC
Sample Cards:johnson makes a 500 000 building availab,faith forrester has the following select,for the current year an individual taxpa11 CardsPreview Flashcards -
Chapter 10 Mc
Chapter 10 MC
Sample Cards:which of the following statements concer,all the following statements concerning,all of the following statements concerni3 CardsPreview Flashcards -
Chapter 11 Mc
Chapter 11 MC
Sample Cards:which of the following statements concer,under the tax rules governing depreciati,which of the following statements concer6 CardsPreview Flashcards -
Chapter 12 Mc
Chapter 12 MC
Sample Cards:which of the following statements concer1 CardsPreview Flashcards -
Chapter 13 Mc
Chapter 13 MC
Sample Cards:an independent sales representative purc,which of the following statements concer,a shareholder sells a portion of his sto5 CardsPreview Flashcards -
Chapter 14 Mc
Chapter 14 MC
Sample Cards:which of the following statements concer,which of the following statements concer2 CardsPreview Flashcards -
Chapter 15 Mc
Chapter 15 MC
Sample Cards:the alternative minimum tax amt is impos,which of the following statements concer,all the following statements concerning5 CardsPreview Flashcards -
Chapter 16 Mc
Chapter 16 MC
Sample Cards:sally snow is the beneficiary of her hus,a woman purchased a 100 000 whole life i,a corporation purchased a 50 000 whole l7 CardsPreview Flashcards -
Chapter 18 Mc
Chapter 18 MC
Sample Cards:a c corporation in the manufacturing bus,ben and john formed a corporation john t,which of the following statements concer7 CardsPreview Flashcards -
Chapter 19 Mc
Chapter 19 MC
Sample Cards:the magic missile corporation has two sh,which of the following statements concer,which of the following transactions betw6 CardsPreview Flashcards -
Chapter 20 Mc
Chapter 20 MC
Sample Cards:in determining his individual income tax,which of the following statements concer,all the following statements concerning7 CardsPreview Flashcards
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