k
,
,TABLE OF CONTENTS k k k
1. The Individual Income Tax Return.
k k k k k
2. Gross Income and Exclusions.
k k k k
3. Business Income and Expenses, Part I.
k k k k k k
4. Business Income and Expenses, Part II.
k k k k k k
5. Itemized Deductions and Other Incentives.
k k k k k
6. Credits and Special Taxes.
k k k k
7. Accounting Periods and Methods and Depreciation.
k k k k k k
8. Capital Gains and Losses.
k k k k
9. Withholding, Estimated Payments, and Payroll Taxes.
k k k k k k
10. Partnership Taxation.
k k
11. The Corporate Income Tax.
k k k k
12. Tax Administration and Tax Planning.
k k k k k
, Chapter 1: The Individual Income Tax Return
k k k k k k
1. Akcorporationkiskakreportingkentitykbutknotkaktax-payingkentity.
FALSE
2. Partnershipk capitalkgainskandklossesk arekallocatedkseparatelyktok eachkofkthekpartners.
TRUE
3. Marriedk taxpayersk mayk doublek theirk standardk deductionk amountk byk filingk separatekreturns.
FALSE
4. Ankitemkisknotkincludedkinkgrosskincomekunlesskthektaxklawkspecifieskthatkthekitemkisksubjectktokta
xation.
FALSE
5. Forktaxpayersk whokdok notk itemizekdeductions,kthekstandardk deductionk amountkisksubtractedkf
romkthektaxpayer'skadjustedkgrosskincome.
TRUE
6. Aktaxpayerkwithkself-employmentkincomekofk$600kmustkfilekaktaxkreturn.
TRUE
7. Akdependentk childk withkearnedkincomek ink excesskofkthek availablekstandardk deductionkamountkmus
tkfilekaktaxkreturn.
TRUE
8. Aksinglektaxpayer,k whokisk notk blindk andk whok iskunderk agek65,k withk incomek ofk$8,750kmustkfilekakt
axkreturn.
FALSE
,
,TABLE OF CONTENTS k k k
1. The Individual Income Tax Return.
k k k k k
2. Gross Income and Exclusions.
k k k k
3. Business Income and Expenses, Part I.
k k k k k k
4. Business Income and Expenses, Part II.
k k k k k k
5. Itemized Deductions and Other Incentives.
k k k k k
6. Credits and Special Taxes.
k k k k
7. Accounting Periods and Methods and Depreciation.
k k k k k k
8. Capital Gains and Losses.
k k k k
9. Withholding, Estimated Payments, and Payroll Taxes.
k k k k k k
10. Partnership Taxation.
k k
11. The Corporate Income Tax.
k k k k
12. Tax Administration and Tax Planning.
k k k k k
, Chapter 1: The Individual Income Tax Return
k k k k k k
1. Akcorporationkiskakreportingkentitykbutknotkaktax-payingkentity.
FALSE
2. Partnershipk capitalkgainskandklossesk arekallocatedkseparatelyktok eachkofkthekpartners.
TRUE
3. Marriedk taxpayersk mayk doublek theirk standardk deductionk amountk byk filingk separatekreturns.
FALSE
4. Ankitemkisknotkincludedkinkgrosskincomekunlesskthektaxklawkspecifieskthatkthekitemkisksubjectktokta
xation.
FALSE
5. Forktaxpayersk whokdok notk itemizekdeductions,kthekstandardk deductionk amountkisksubtractedkf
romkthektaxpayer'skadjustedkgrosskincome.
TRUE
6. Aktaxpayerkwithkself-employmentkincomekofk$600kmustkfilekaktaxkreturn.
TRUE
7. Akdependentk childk withkearnedkincomek ink excesskofkthek availablekstandardk deductionkamountkmus
tkfilekaktaxkreturn.
TRUE
8. Aksinglektaxpayer,k whokisk notk blindk andk whok iskunderk agek65,k withk incomek ofk$8,750kmustkfilekakt
axkreturn.
FALSE
