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Unformatted text preview: CHAPTER FIVE 1) Ordinary, Necessary and Reasonable Requirements for expense deduction 2) Disallowance Possibilities against public policy, lobbying, executive compensation, etc. 3) Related Party Transactions 4) Business Investigation Expenses, amortization of start-up costs 5) Domestic Production Activities Deduction 6) Charitable Contributions 7) Depreciation MACRS, Sec 179, Luxury Auto Limits 8) Amortization CHAPTER SIX 1) Bad Debt Expense 2) Worthless Securities including Section 1244 3) Casualty Losses 4) Net Operating Loss 5) At-Risk Rules 6) Passive Loss Limitations (definition, loss limitations) 7) Rental Real Estate Exception to Passive Loss Limits NOTE: YOU WILL BE GIVEN THE TAX RATE SCHEDULES, AND THE DEPRECIATION TABLES. AS A REMINDER, YOU ARE ALLOWED TWO 8 1/2" BY 11" PAGE OF NOTES (YOU CAN USE THE BACK AND THE FRONT). YOU NEED A BROWN SCAN-TRON....
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- Spring '10