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By:
Jacob Carr
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Decks in this class (39)
Alternative Minimum Tax
What is the alternative minimum t...,
What is the primary purpose of th...,
Who can be affected by the amt 3
29
cards
Basic Income Tax
Blank 1,
What is the definition of income 2,
What are wages in the context of ...
35
cards
Bond Valuation and Duration
What is yield to maturity ytm 1,
What is the formula for calculati...,
How do you calculate ytm using a ...
33
cards
Business Assets
Section 1231 assets 1,
What assets are included as secti...,
What assets are not considered as...
10
cards
Calculating Basis
What is basis 1,
What is adjusted basis 2,
How do you calculate basis 3
14
cards
Code of Ethics and Practice Standards
What are the six core principles ...,
What is a fiduciary duty 2,
What does the duty of loyalty req...
38
cards
ADP/ACP Testing
What are the subtypes of pension ...,
What are the subtypes of defined ...,
What are the subtypes of profit s...
27
cards
Depreciation (MACRS)
How is the adjusted basis of an a...,
What is the difference between ac...,
What types of assets are eligible...
25
cards
Derivatives and Options
What is a derivative security 1,
What are the primary uses od deri...,
Name the four main types of deriv...
33
cards
Estate Tax
What is the primary purpose of es...,
What is the federal estate tax 2,
What is the basic formula for cal...
27
cards
Financial Plans-Basics
What are the two requirements for...,
What is the lifetime limit for a ...,
Name four events that are both ro...
26
cards
Gift Tax
Who is the donor in a gift transa...,
Who is the donee in a gift transa...,
What is the definition of a gift ...
30
cards
GSTT Generation Skipping Transfer Tax
What is the gstt 1,
What is the generation skipping t...,
Who is the transferor 3
19
cards
Administration of Income Tax
What is the primary statutory sou...,
List the administrative sources o...,
What are treasury regulations 3
22
cards
Income Tax Entity Choice
What are the formation requiremen...,
Who has legal liability in a sole...,
How is a sole proprietorship taxed 3
34
cards
Income Tax Activity Rules
What is the at risk amount for a ...,
What is recourse debt 2,
What is nonrecourse debt 3
19
cards
Income Tax-Personal Rental Property
What is the 14 day rule for renta...,
When must expenses be apportioned...,
What is the salt limit for proper...
18
cards
IRAs
What is the traditional ira deduc...,
What is the traditional ira deduc...,
What is the traditional ira deduc...
20
cards
Itemized Deductions-Charitable Contributions
What are the main types of charit...,
What is a public charity 2,
What is a private nonoperating fo...
21
cards
Itemized Deductions-Medical Expenses
What is the agi threshold for ded...,
Is the 75 agi threshold permanent 2,
Name three types of qualifying me...
14
cards
Review Introduction and Fundamentals Lecture
What is the dalton review s 1 goal 1,
How many times can you take the c...,
How is the cfp exam structured 3
63
cards
Insurance Review
What are the four categories of r...,
What are the seven steps in the p...,
What are the most important types...
128
cards
Kiddie Tax
What are the age requirements for...,
What is the purpose of the kiddie...,
What is the support test for full...
22
cards
Leveraged ESOP
What is a leveraged esop 1,
What are the main purposes of a l...,
Who are the key parties in a leve...
14
cards
Life Insurance in Qualified Retirement Plans
What is the primary purpose of a ...,
What is the irs incidental benefi...,
What types of qualified retiremen...
17
cards
Investments Review
What are the main types of invest...,
What is short selling 2,
What is initial margin 3
69
cards
Life Insurance
What is mortality cost in life in...,
How does age affect mortality cost 2,
What is the purpose of term life ...
54
cards
Like-Kid Exchange
What types of property qualify fo...,
What does like kind mean in a 103...,
What triggers taxable gain in a l...
14
cards
Nontaxable Exchanges
What is a deferred gain transacti...,
What is realized gain 2,
What is recognized gain 3
26
cards
Qualified Plan Distributions
What is a lump sum distribution i...,
What events allow a lump sum dist...,
How long must an employee partici...
39
cards
Qualified Plan Limits
What are the two main types of qu...,
Name two examples of db plans 2,
Who bears the investment risk in ...
36
cards
Roth IRA Distributions
What are the two categories of ro...,
What two requirements must be met...,
Are taxes or penalties owed on a ...
18
cards
Roth IRA vs Roth 401(k)
What is the 2025 contribution lim...,
What is the 2025 contribution lim...,
Are there income limits for roth ...
17
cards
SIMPLE Plan
What does simple stand for 1,
What are the two types of simple ...,
Who are simple plans designed for 2
25
cards
Simplified Employee Pension Plans
What does sep stand for 1,
Is a sep a qualified plan 2,
What type of account is used for ...
20
cards
Social Security
How is the early retirement reduc...,
What is the 2025 earnings test li...,
How much do benefits increase for...
25
cards
Tax Consequences of Disposed Assets
What are section 1231 assets 1,
What types of property are includ...,
How are net section 1231 losses t...
22
cards
Trusts
What are the three primary partie...,
What is the difference between le...,
What is the rule against perpetui...
27
cards
Items on the CFP Sheet to Familiarize but not Memorize
Dividend growth model 1,
Holding period return hpr 2,
Covariance 3
19
cards
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CFP Exam Prep
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