WFT08_CompVol_SM_Ch4 - ACCOUNT 451 CHAPTER 4 1 2 3 4 5 6 7...

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ACCOUNT 451 CHAPTER 4 02/25/07 1 Conservatism: financial accounting versus taxation 2 Economic versus taxable income 3 Gross income 4 Realization rationale 5 Recovery of capital 6 Constructive receipt and agent 7 Cash method 8 Gross income: timing 9 Original issue discount 10 Gross income: timing 11 Accrual basis and refunds 12 Who is the taxpayer? 13 Who is the taxpayer? 14 Who is the taxpayer? 15 Community property 16 Alimony recapture 17 Transfer of property: divorce 18 Alimony and property settlement 19 Alimony and property settlement 20 Below-market loans 21 Below-market loans 22 Below-market loans 23 Annuity 24 Group-term life insurance 25 Social Security benefits 26 Economic versus taxable income 27 Cash method 28 Gross income: investments 29 Gross income 30 Gross income 31 Accrual basis versus cash basis 32 Accrual basis versus cash basis Page 1 of 3
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ACCOUNT 451 CHAPTER 4 02/25/07 33 Accrual basis versus cash basis 34 Accrual method and disputed income 35 Constructive receipt 36 Original issue discount and savings bonds 37 Advance payments 38 Constructive receipt 39
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