Subchapter B 61-291 Flashcards

(29 cards)

1
Q

Definition of Gross Income, AGI, Taxable Income, ETC. (Part)

A

Part 1 (61-68)

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2
Q

Gross Income Defined

A

61

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3
Q

AGI Defined

A

62

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4
Q

Taxable Income Defined

A

63

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5
Q

Ordinary Income Defined

A

64

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6
Q

Ordinary Loss Defined

A

65

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7
Q

Treatment of Community Income

A

66

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8
Q

2-percent floor on misc. itemized deductioins

A

67

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9
Q

Overall Limitation on Itemized Deductions

A

68

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10
Q

Items Specifically Included in Gross Income (Part)

A

Part 2 (71-91)

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11
Q

Alimony and Separate Maintenance Payments

A

71

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12
Q

Annuities; Certain Proceeds of Endowment and LI Contracts

A

72

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13
Q

Services of Child

A

73

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14
Q

Prizes and Awards

A

74

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15
Q

Dealers in Tax-Exempt Securities

A

75

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16
Q

Commodity Credit Loans

17
Q

Dividends Received from Certain Foreign Corps by Domestic Corps Choosing Foreign Tax Credit

18
Q

Group-Term LI Purchased for Employees

19
Q

Restoration of Value of Certain Securities

20
Q

Reimbursement for Expenses of Moving

21
Q

Property Transferred in Connection With Performance of Services

22
Q

Transfer of Appreciated Property to Political Organization

23
Q

Unemployment Compensation

24
Q

Social Security and Tier 1 Railroad Retirement Benefits

25
Alcohol and Biodiesel Fuels Credit
87
26
Certain Amounts with Respect to Nuclear Decommissioning Costs
88
27
Illegal Federal Irrigation Subsidies
90
28
Certain Foreign Branch Losses Transferred to Specified 10-percent Owned Foreign Corporations
91
29
Items Specifically Excluded From GI (Part)
Part III (101-140)