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Randi Forschler
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Decks in this class (21)
Unit 1 - Preliminary Work With Taxpayer Data
Ssn 1,
Itin 2,
Atin cannot me used for 3
64
cards
Unit 2 - Determining Filing Status & Residency
Rdps 1,
Filing status determines 2,
What are the filing statuses 3
29
cards
Unit 3 - Dependency Relationships
Personal and dependency exemptions 1,
Tax benefits associated with a de...,
Test to determine if a taxpayer c...
20
cards
Unit 4 - Taxable And NT Income PART 1
Exclusion income 1,
Gross income includes 2,
Adjusted gross income agi 3
34
cards
Unit 4 - Taxable And NT Income PART 2
Above the line deductions 1,
List of itemized deductions 2,
Adoption assistance in a cafeteri...
33
cards
Unit 5 - Investment Income & Expenses
1099 int 1,
Schedule b 2,
Gift for opening a bank account d...
34
cards
Unit 6 - Calculating The Basis Of Assets
Assets taxing and types 1,
Assets real property 2,
Assets personal property 3
32
cards
Unit 7 - Capital Gains & Losses
Capital assets 1,
Examples of common individual own...,
How are losses and gains of perso...
43
cards
Unit 8 - Nonrecognition Property Transactions
The 3 most common examples of non...,
Section 121 exclusion 2,
Requirements for reporting profit...
44
cards
Unit 9 - Rental And Royalty Income
What is rental income and examples 1,
What is royalty income and exampl...,
Where do you report rental income...
44
cards
Unit 10 - Other Taxable Income
Schedule one what is reported on ...,
Taxable recoveries what is a reco...,
Including a recovery as income 3
46
cards
Unit 11 - Adjustments To Gross Income
Qualified educator expenses 1,
How do you qualify as an eligible...,
What reduces the amount of qualif...
23
cards
Unit 12 - Standard Deduction & Itemized Deductions
Peace limitation on itemized dedu...,
The standard deduction what is it 2,
Mfs or single standard deduction 3
71
cards
Itemized Vs Above Line Vs Nondeductible
Expense of treatment centers alco...,
Personal theft losses 2,
Expenses related to attending a s...
94
cards
Unit 13 - Individual Tax Credits
Tax credits 1,
Nonrefundable tax credits 2,
Refundable tax credits 3
53
cards
Unit 14 - The ACA And The Premium Tax Credit
Aca 1,
Ptc 2,
Aptc 3
27
cards
Unit 15 - Additional Taxes & Credits
Amt 1,
How is amt calculated 2,
Where is the amt calculated and r...
45
cards
Unit 16 - Individual Retirement Accounts
What form is used to report retir...,
Traditional ira 2,
Roth ira 3
58
cards
Unit 17 - Foreign Financial Reporting
Bsa 1,
Fatca 2,
What are the different forms used...
39
cards
Unit 18 - Estate & Gift Taxes For Individuals
What is an estate 1,
What is estate tax what is it not 2,
Estate tax exemption 3
56
cards
Notes
Non resident aliens don t qualify...,
Divorced parents only custodial p...,
When claimed as a dependent not e...
55
cards
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