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[2022] HS321 Fundamentals of Income Taxation

This class was created by Brainscape user Ashleigh Baratta. Visit their profile to learn more about the creator.

By: Ashleigh Baratta
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Decks in this class (10)

Ch 3: Fundamentals of Income Taxation
What is the minimum standard dedu...,
If income is more than the minimu...,
Accrual method
14  cards
Ch 4 : Gross Income from Personal and Investment Activities
When is imputed interest shielded...,
When is imputed interest not incl...,
When the borrowers outstanding lo...
10  cards
Ch. 5: Gross Income from Employment
What is the social security base ...,
What is the social security base ...,
What is the social security base ...
10  cards
Ch. 6 : Introduction to Deductions
What are the student loan deducti...,
Requirements to qualify as alimon...,
Deductibility threshold for tradi...
8  cards
Ch. 9: Tax Credits
List refundable tax credits 5,
Lifetime learning credit,
What is the deductible amount for...
10  cards
Ch. 10 : Categorizing Assets for Income Tax Purposes
Capital assets are defined as any...,
Capital assets are deductible aga...
2  cards
Ch. 12: Business Assets
How are gains and losses treated ...,
What is the lower long term capit...,
On 1245 assets when the amount re...
7  cards
Ch. 13 : Nontaxable Exchanges
What is the calculation for the p...
1  cards
Ch. 15: The Alternative Minimum Tax
Adjustments for amti,
Preferences for amti,
Amt exemption phaseout rule
9  cards
Ch. 16 Business Entity Selection and Taxation
Articles of incorporation,
Articles of organization,
Family limited partnership
45  cards

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[2022] HS321 Fundamentals of Income Taxation

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