차근차근 재무 공부 기록장

1. Entities in Tax LawTaxable EntityNon taxable EntityIndividualsC corporationFiduciary(Trust, Estate)PartnershipS CorporationSole proprietorship(self-employed income)  2. Types of taxesIncome taxTransfer taxEmployment taxState/Local gov taxFederal income taxState/local income taxForeign income taxFederal gift and estate taxState gift and estate taxSocial security taxFederal/state unemployment t..

SectionSection timeMultiple-choice Q (MCQs)Tasked-based simulations (TBSs)AUD - Core 4 hours787FAR - Core4 hours507REG - Core4 hours728BAR - Discipline4 hours507ISC - Discipline4 hours826TCP - Discipline4 hours687* AICPA 협회 final Blue print에서 발췌함

* aicpa 홈페이지 final blue print에서 발취https://www.aicpa-cima.com/resources/download/learn-what-is-tested-on-the-cpa-exam Learn what to study for the CPA ExamThe CPA Exam Blueprints are a foundational study tool detailing all eligible CPA Exam content. Learn more about the Exam’s topics and format.www.aicpa-cima.com

25Ksocial security benefits taxable if MAGI exceeds certian threshold50% 25K single 32K MFJ, 85% 34K single 44K MFJ Deductible loss, Materially participated rental activity25K-50%(AGI-100K)  250KSale or exchange of principal residence(sec121)1) Up to 500,000 of gain for MFJ(single 250,000) excluded from sale of principal residence2) RequirementsPrincipal residence > must be owned+occupied for 2/..

Duty to act with reasonable care: client + any person or limited foreseeable class of  persons who the CPA knows will be relying on the CPA's work 1. Corp > CPA   - Breach of contract   - Torts: Negligence  2. 3rd party- Torts Foreseen(known party) 기존채권자negligencegross negligenceconstructive fraudfraudForeseeable party(미래채권자)Gross negligencecontractive fraudFraudLegal liabilities Contract princi..

Process  Primary authoritative sources- provisions of the Internal Revenue Code, statutory provisions- Treasury Regulations- IRS rulings( revenue rulings, revenue procedures, explanations of such treaties)- Court cases   Appeals process  1) Agreement not reached at revenue agent level > copy of revenue agent's report + 30day letter> Request an administrative appeal with an appeal officer(appeals..

Authority to PracticeRegulations Governing practice before the Internal Revenue ServiceAuthority to practice before the IRSDuties and restrictions relating to practice before the IRSSanctions for violation of the regulationsRules applicable to disciplinary hearings Authority to Practiceanyone who prepares or assists in preparing a federal tax return for compensation must register with the IRS- u..

- only a person(individual, partnership, corporation) who resides or has a place of business in the United States is eligible to be a debtor under the Bankruptcy code- not all debts of the debtor are discharged, exceptions to discharge(WAFTED) Chapter 7 Liquidation, trustee required- Process  1)Trustee Appointed  2) collects the debtor's assets  3) liquidates them  4) uses the proceeds to pay of..

Secured Transactionspersonal property > collateralreal estate > mortgage ProcessAttachment(creditor vs debtor)- interest attaches, debtor defaults> creditor has right to take the collateral from the debtor- not provide the creditor with rights against 3rd parties who might also have an int in the collateral- 3 prerequisites   1) parties have to agree to create a security interest   2)  secured p..

Creation of Agency relationship- writing is generally not required to create an agency relationship- consideration is not required to form an agency relationship,   * but consideration is required for a legally enforceable agreementPrincipal: Hires the agent to act on their behalf- cannot be a minor- cannot be mentally incompetentAgent: Negotiates with third parties on behalf of the principal wr..

Delivery and risk of Loss Delivery and risk of loss can be independent of titleGeneral rule- seller holds conforming goods for the buyer- give the buyer reasonable notice to enable the buyer to take delivery Process1. Goods must be identified2. parties must agree on contract terms3. Default rules apply in the absence of an agreement Nocarrier Cases- seller has no duty to deliver/ship the goods- ..

Three required elements, legally enforceable contracts1) Offer and acceptance2) Exchange of consideration3) No defenses to enforcement(lack of defenses)4) Capacity5) legal Methods of formation1) Express contract2) Impiled- in-fact contract (ex. pay after doctor's service)3) Implied-in-law contract/Quasi-Contract   - not a contract at all   - a remedy to prevent unjust enrichment of the defendant..