Regulation Flashcards

Decks in this Class (67):

• 71 Definition Accounting

  7.1 - Definition & Accounting

  Sample Cards:

  how is an entity with two or more member,

  how is an entity with a single member cl,

  how is a newly formed foreign entity wit
  25 Cards
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• 91 Corporate Tax Special Topics Formatio

  9.1 - Corporate Tax Special Topics - Formation

  Sample Cards:

  what is section 351,

  define control,

  is stock exchanged for services counted
  24 Cards
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• 92 Corporate Tax Special Topics Current

  9.2 - Corporate Tax Special Topics - Current Earnings & Profits

  Sample Cards:

  are earnings and profits e p the same am,

  what is the term earnings profits e p,

  what does e p measure
  10 Cards
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• 94 Corporate Tax Special Topics Redempti

  9.4 - Corporate Tax Special Topics - Redemptions

  Sample Cards:

  when is a stock considered to be redeeme,

  how are shareholders required to treat a,

  how are redemptions of stock by a corpor
  29 Cards
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• 95 Corporate Tax Special Topics Complete

  9.5 - Corporate Tax Special Topics - Complete Liquidation

  Sample Cards:

  how does a corporation recognize any gai,

  how is gain or loss computed,

  true or false fmv of distributed propert
  22 Cards
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• 96 Corporate Tax Special Topics Partial

  9.6 - Corporate Tax Special Topics - Partial Liquidation

  Sample Cards:

  how do noncorporate shareholders treat d,

  how does the corporation making the dist,

  how does a corporation that receives a d
  11 Cards
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• 97 Corporate Tax Special Topics Subsidia

  9.7 - Corporate Tax Special Topics - Subsidiary Liquidation

  Sample Cards:

  true or false both the parent corporatio,

  what does control mean,

  how is basis in property distributed whe
  5 Cards
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• 98 Reorganizations

  9.8 - Reorganizations

  Sample Cards:

  overview,

  how is gain recognized for reorganizatio,

  how do shareholders recognize gain or lo
  33 Cards
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• 99 Procedure

  9.9 - Procedure

  Sample Cards:

  what is the return due date for a c corp,

  what is the return due date for corporat,

  how long is an automatic extension
  14 Cards
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• 93 Distributions

  9.3 - Distributions

  Sample Cards:

  what is a distribution,

  define property in the form of distribut,

  define the formula used to calculate the
  56 Cards
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• 123 Gift Tax Estates Trusts And Wealth T

  12.3 - Gift Tax --- Estates, Trusts and Wealth Transfer Taxes

  Sample Cards:

  what is a transfer tax,

  who are income taxes imposed on,

  define gift tax
  36 Cards
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• 122 Beneficiary S Taxable Income Estates

  12.2 - Beneficiary's Taxable Income --- Estates, Trusts & Wealth Transfer Taxes

  Sample Cards:

  how are beneficiaries taxed,

  how are beneficiaries taxed,

  what is the taxable amount limited to
  6 Cards
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• 121 Income Taxation Estates Trusts Wealt

  12.1 - Income Taxation --- Estates, Trusts & Wealth Transfer Taxes

  Sample Cards:

  what is an estate,

  what is a trust what does it provide,

  define principial in estates and trusts
  61 Cards
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• 124 Estate Tax

  12.4 - Estate Tax

  Sample Cards:

  true or false estate principal,

  is estate tax and estate income tax the,

  define estate tax
  32 Cards
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• 125 Generation Skipping Transfer Tax Gst

  12.5 - Generation Skipping Transfer Tax (GSTT)

  Sample Cards:

  define generation skipping transfer tax,

  is the gstt imposed separately,

  w
  16 Cards
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• 131 Tax Legislation

  13.1 - Tax Legislation

  Sample Cards:

  what is the tax legislation,

  what does the house in,

  what does the senate consist of in tax l
  52 Cards
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• 132 Tax Procedures

  13.2 - Tax Procedures

  Sample Cards:

  how much is the internal revenue code st,

  how often must,

  by what date s must taxpayers make tax p
  60 Cards
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• 133 Tax Planning

  13.3 - Tax Planning

  Sample Cards:

  what are the 4 roles of tax planning,

  identify the 3 basic types of,

  what is timing of income
  19 Cards
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• 134 Accounting Methods

  13.4 - Accounting Methods

  Sample Cards:

  what is a tax year,

  provide 2 examples of a tax year,

  true or false
  47 Cards
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• 135 Multiple Jurisdictions

  13.5 - Multiple Jurisdictions

  Sample Cards:

  what is a tax jurisdiction,

  what does public law 86 272 state regard,

  define nexus
  26 Cards
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• 141 Sole Proprietorships

  14.1 - Sole Proprietorships

  Sample Cards:

  what are 3 characteristics of sole propr,

  what is an advantage of forming a sole p,

  how do you go about using a different na
  9 Cards
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• 142 General Partnership

  14.2 - General Partnership

  Sample Cards:

  define a general partnership,

  define the main 3 responsibilities of ea,

  identify the 3 main aspects of a partner
  55 Cards
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• 143 Limited Partnership Limited Liabilit

  14.3 - Limited Partnership & Limited Liability Partnerships

  Sample Cards:

  what is a limited partnership,

  define a person as,

  define a general partner
  16 Cards
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• 144 Limited Liability Company Llc

  14.4 - Limited Liability Company (LLC)

  Sample Cards:

  what is a limited liability company,

  define the powers of an llc,

  identify the 7 actions that a llc may pa
  24 Cards
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• 151 Formation Corporation

  15.1 - Formation (Corporation)

  Sample Cards:

  what is a corporation,

  how are corporations taxed,

  how do s corporations report earnings
  39 Cards
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• 152 Operation Financing And Distribution

  15.2 - Operation, Financing and Distributions

  Sample Cards:

  identify the 4 rights of corporations,

  how are corporations powers limited,

  define
  16 Cards
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• 153 Shareholder Rights

  15.3 - Shareholder Rights
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• 154 Directors Officers Authority Duties

  15.4 - Directors & Officers Authority Duties and Liability
  0 Cards
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• 155 Mergers And Termination

  15.5 - Mergers and Termination
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• 156 Advantages Disadvantages Of Corporat

  15.6 - Advantages & Disadvantages of Corporations
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• 161 Formation Of An Agency

  16.1 - Formation of an Agency
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• 162 Agent S Authority And Duties

  16.2 - Agent's Authority and Duties
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• 163 Principal S Duties And Liabilities

  16.3 - Principal's Duties and Liabilities
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• 164 Termination Of An Agency

  16.4 - Termination of an Agency
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• 165 Antitrust Law

  16.5 - Antitrust Law
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• 166 Employment Law

  16.6 - Employment Law
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• 167 Intellectual Property Law

  16.7 - Intellectual Property Law
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• 168 Various Law Topics

  16.8 - Various Law Topics
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• 171 Classification Of Contracts

  17.1 - Classification of Contracts
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• 172 Mutual Assent Offer And Acceptance

  17.2 - Mutual Assent (Offer and Acceptance)
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• 173 Consideration

  17.3 - Consideration
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• 174 Capacity

  17.4 - Capacity
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• 175 Legality

  17.5 - Legality
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• 176 Lack Of Genuine Assent

  17.6 - Lack of Genuine Assent
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• 177 Statute Of Frauds

  17.7 - Statute of Frauds
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• 178 Parole Evidence Rule

  17.8 - Parole Evidence Rule
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• 179 Performance Discharge And Breach

  17.9 - Performance, Discharge, and Breach
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• 1710 Remedies

  17.10 - Remedies
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• 1711 Contract Beneficiaries

  17.11 - Contract Beneficiaries
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• 1712 Assignment And Delegation

  17.12 - Assignment and Delegation
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• 11 Circular 230

  1.1 - Circular 230

  Sample Cards:

  identify the parties involved in,

  what part does the us congress play in f,

  what part does the us treasury play in f
  21 Cards
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• 12 Aicpa Standards For Tax Service

  1.2 - AICPA Standards for Tax Service

  Sample Cards:

  identify the regulations,

  what is the common base for,

  statements on
  23 Cards
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• 13 Tax Return Preparers

  1.3 - Tax Return Preparers

  Sample Cards:

  define a tax return preparer,

  is a tax return preparer the same a tax,

  give 3 examples of a tax practitioner
  32 Cards
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• 14 Licensing And Disciplinary Systems

  1.4 - Licensing and Disciplinary Systems

  Sample Cards:

  who governs the licensing process of,

  what authority do state boards have,

  what are state cpa societies
  18 Cards
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• 21 Securities Act Of 1933

  2.1 - Securities Act of 1933

  Sample Cards:

  what is an issuer,

  define underwriter,

  define dealer
  61 Cards
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• 22 Securities Exchange Act Of 1934

  2.2 - Securities Exchange Act of 1934

  Sample Cards:

  what does the securities exchange act of,

  who or what governing body created the s,

  what powers do the sec have
  28 Cards
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• 23 Federal Statutory Liability Of Cpas A

  2.3 - Federal Statutory Liability of CPAs and Others

  Sample Cards:

  how is the accountant who prepares audit,

  does the plaintiff need to prove relianc,

  identify the parties a plaintiff may sue
  42 Cards
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• 24 State Law Liability To Clients And 3r

  2.4 - State Law Liability to Clients and 3rd Parties
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• 25 Privileged Communication And Confiden

  2.5 - Privileged Communication and Confidentiality
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• 31 Filing Status

  3.1 - Filing Status

  Sample Cards:

  how many filing statuses are there and w,

  what does the filing status of individua,

  when is the filing status determined
  18 Cards
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• 32 Exemptions

  3.2 - Exemptions
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• 33 Gross Income

  3.3 - Gross Income

  Sample Cards:

  what is gross income,

  identify types of income included in gro,

  is there a deferral of
  35 Cards
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• 34 Other Gross Income

  3.4 - Other Gross Income
  0 Cards
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• 35 Exclusions

  3.5 - Exclusions
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• 21 Securities Act Of 1933 Copy

  2.1 - Securities Act of 1933 COPY

  Sample Cards:

  what is an issuer,

  define underwriter,

  define dealer
  61 Cards
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• Su 5 Deductions From Agi Credits Amt Lim

  SU # 5 - Deductions from AGI, Credits, AMT & Limitations

  Sample Cards:

  itemized deduction limitation what is th,

  itemized deduction limitation,

  itemized deduction limitation
  47 Cards
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• Su 6 Property Transactions

  SU # 6 - Property Transactions

  Sample Cards:

  donor donee basis for gifts identify the,

  gift tax,

  gift tax what is the annual exclusion fo
  27 Cards
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