Income Tax Terminology

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

Decks in this class (15)

Tax Basics Terminology
Child tax credit,
Pass through business,
Mortgage credit certificate
77  cards
Turbo Tax Terminology
0  cards
Tax Preparer Guide to 1040
Earned income,
Unearned income,
Form 5329
53  cards
Tax Preparer Guide to 1040 Chapter 4 Wages Salaries and Other Earnings
Form 4070,
Reporting tips to the employer,
Clergy
11  cards
Tax Preparer Guide to 1040 Chapter 5 Interest Income
Interest,
Sources of taxable interest,
Original issue discount
9  cards
Tax Preparer Guide to 1040 Chapter 7 Rental Income and Expenses
Rental income,
Advance rents,
Security deposit
10  cards
Chapter 8 Retirement Plans, Pensions, and Annuities
Qualified retirement plan,
Form 1099 r,
Annuity
9  cards
Chapter 9 Social Security and Equivalent Railroad Retirement Benefits
Provisional income,
Railroad retirement benefits
2  cards
Tax Preparer Guide to 1040 Chapter 10 Other Types of Income
Taxable recoveries,
Nontaxable recovery,
Alimony
4  cards
Tax Preparer Guide to 1040 Chapter 11 Self-Employment Activities
Form 1099 misc,
Form 1099 k,
Form 1065
11  cards
Tax Preparer Guide to 1040 Chapter 12 Basis of Property
The cost basis,
Like kind exchanges,
Stepped up basis
4  cards
Tax Preparer Guide to 1040 Chapter 13 Sale of Property/Assets
Form 1099 a,
Form 1099 b,
Form 1099 div
7  cards
Tax Preparer Guide to 1040 Chapter 14 Sale of Home
Personal residence,
Principal residence,
Federal mortgage subsidy
6  cards
Tax Preparer Guide to 1040 Chapter 19 Standard and Itemized Deductions
Standard deduction,
Itemized deduction
2  cards
Tax Definitions & Terminology
Withholding,
What is a w 4 form,
What is a tax credit
10  cards

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Income Tax Terminology

  • Class purpose General learning

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