0-0 HS 321 - Course Introduction

4-4 Explain what is meant by the kiddie tax.

4-1 Explain the concept of adjusted gross income.

6-6 Explain the extent to which dependent-care assistance benefits are taxed.

15-1 Explain how the alternative minimum tax (AMT) is applied.

15-2 Describe the special AMT rules that apply to corporations.

9-6 Explain the rules regarding the deductibility of charitable contributions.

7-1 Explain the requirements for deducting trade or business expenses.

19-1 Explain the tax implications of corporate distributions to stockholders.

11-5 Describe the cost recovery limitations on certain depreciable assets collectively known as listed property, and explain the concept of amortizing certain intangible assets.

9-4 Explain the rules regarding the deductibility of tax payments.

4-0 Chapter 4 - Overview

10-2 Explain the tax credit for adoption expenses.

6-5 Explain the rules for qualifying for an “Achieving a Better Life Experience”(ABLE) account as well as the tax consequences of contributionsto and distributions from such account.

4-2 Explain the determination of taxable income.

5-1 Explain the tax treatment of payments in connection with separation or divorce.

6-2 Describe the rules regarding the taxation of interest on state and municipal bonds, U.S. Treasury obligations, and educational savings bonds, and explain how the gain on the sale of tax-exempt securities is treated for tax purposes.

6-1 Explain the general rule regarding the income taxation of amounts received by gift or inheritance.

17-2 Describe the concept of material change in a life insurance policy, and explain how a material change can convert a policy into a MEC.

18-4 Describe how a corporation determines taxable income or loss, and explain the issues associated with deductions for salaries, charitable deductions, deductions for dividends received, and other deductions.