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By:
Laura Golden
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Decks in this class (14)
Chapter 3 - Fundamentals of Income Taxation
Individuals report their income d...,
Includes taxpayer and dependent i...,
A basic tax formula calculation f...
48
cards
Chapter 4 - Gross Income from Personal & Investment Activities
Cash basis,
Accrual basis,
Realization
12
cards
Chapter 5 - Gross Income from Employment
Foreign taxpayer exclusion,
Social security base amounts,
Social security adjusted base amo...
13
cards
Chapter 6 - Intro to Deductions
Medicare surtax on high income,
Self employed individuals health ...,
Agi phaseout of ira deductability
14
cards
Chapter 7 - Below the line deductions
Medical expense deduction,
Deduction for state and local inc...,
Acquisition indebtedness
17
cards
Chapter 8 - Other deductions, penalties & loss disallowance
9 factors in hobby determination,
Presumption that taxpayer has a p...,
For profit activity
12
cards
Chapter 9 - Tax credits
Deduction,
Credit,
Refundable credit
18
cards
Chapter 10 - Basis Rules
Nonrecourse debt,
Car used for business depreciatio...,
Contemplation of death rule
26
cards
Chapter 11 - Taxation of capital assets
0
cards
Chapter 12 Business assets
3 categories of assets,
Ordinary income assets,
Ordinary income assets taxation
17
cards
Chapter 13 - Non Taxable Exchanges
1031 exchanges only apply to,
Number of days to identify proper...,
Number of days to close on proper...
17
cards
Chapter 14 Passive Activity Loss Rules
3 types of income,
Active income,
Portfolio income
15
cards
Chapter 15 AMT
Amt formula,
Amt exemption,
Amt phaseout
7
cards
Chapter 16 Business & Entity Selection
Low cost resources to create,
Medium cost resources to create,
High cost resources to create
9
cards
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CHFC HS 321
- Class purpose General learning
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