20111006 handout cpts 6 7 8

20111006 handout cpts 6 7 8 - Chapter 6 Deductions: General...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 6 Deductions: General Concepts and Trade or Business Deductions ANSWERS TO QUESTIONS—CHAPTER 6 Topical List of Questions 1. Classifi cation of Tax Deductions (¶6001) 2. Production of Income Deductions (¶6301) 3. Deductions “for” vs. “from” AGI (¶6101) 4. Improper Classifi cation of Deductions (¶6101) 5. Trade or Business Expenses (¶6201) 6. Salary Payments to Employee/Owners (¶6235) 7. Hobby Activities (¶6215 and ¶6715) 8. Business v. Personal Expenses Al ocation (¶6725) 9. Tax-Exempt Income Expenses (¶6765) 10. Independent Contractor v. Employee (¶6601) 11. Losses Deductions (¶6401) 12. Substantiation of Deductions (¶6901) 13. Business v. Nonbusiness Bad Debts (¶6245) 14. Bad Debt Deduction Requirements (¶6245) 15. Salaries and Wages Deduction (¶6245) 16. MACRS Depreciation (¶6801) 17. Election to Expense Capital Assets (¶6825) 18. Cost Depletion v. Percentage Depletion Method (¶6885) 19. Business Gifts (¶6525) 20. Transportation Expenses (¶6535) 21. Travel Expenses (¶6545) 22. Entertainment Expenses (¶6755) 23. Employee Moving Expenses (¶6560) CHAPTER 6 Topical List of Problems 24. Passenger Cars: Part Business/Part Personal Expenses (¶6805) 25. Passenger Cars: Part Business/Part Personal Expenses (¶6805) 26. Trade or Business, Production of Income, and Personal Expenses (¶6201, ¶6301, and ¶6725) 27. Trade or Business, Production of Income, and Personal Expenses (¶6201, ¶6301, and ¶6725) 28. Deductions for Losses (¶6401) 29. Trade or Business Deductions (¶6201–¶6245) 30. Deductions for AGI or from AGI (¶6115 and ¶6125) 31. Deductions for AGI or from AGI (¶6115 and ¶6125) 32. Tax Planning and Compliance Expenses (¶6325) 33. Deductible Amounts Paid on Behalf of Another Taxpayer (¶6785) 34. Salaries and Wages Deductions (¶6245) 35. Property Tax Deductions (¶6245) 36. MACRS Depreciation (¶6801) 37. Alternative Straight-Line Depreciation (¶6801) 38. MACRS Depreciation (¶6801) 39. Midquarter Convention Asset (¶6801) 40. MACRS Depreciation and Immediate Expensing (¶6825) 41. MACRS Depreciation and Immediate Expensing (¶6825) 42. MACRS Depreciation and Passenger Cars (¶6805) 43. MACRS Depreciation and Passenger Cars (¶6805) 44. MACRS Depreciation and Nonresidential Real Property (¶6801) 45. MACRS Depreciation and Residential Real Property (¶6801) 46. Conversion of Personal to Business Use Property (¶6855) 47. Conversion of Personal to Business Use Property (¶6855) 48. Research and Experimentation Expenses (¶6875) 49. Depletion Deduction (¶6885) 50. Transportation Expenses: Automobiles (¶6535) 51. Travel Expenses: Two Places of Business (¶6545) 52. Travel Expenses: Business and Personal Travel (¶6545) 53. Employee Moving Expenses (¶6560) 54. Multiple Choice—Rents and Royalties Expenses (¶6115 and ¶6301) 55. Multiple Choice—Trade or Business Expenses (¶6115 and ¶6201) 56. Multiple Choice—Trade or Business Expenses (¶6115 and ¶6201) 57. Multiple Choice—Immediate Expensing of Capital Expenditures (¶6825)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

20111006 handout cpts 6 7 8 - Chapter 6 Deductions: General...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online