회계 세무 공부/AICPA 공부 요약76 [REG] Sch C (Sole proprietorship) Profit from Business income 분석 Part 1. IncomeGross receipts or sales- Returns and allowances- Cost of goods sold = Gross profit+ federal/ state gasoline tax credit or refund Part 2. ExpenseAdvertisingcar and truck expensescommissions and feescontractor laborDepletionDepreciation and sec 179 exp(Qualified real property improvement)Employee benefit programsinsurance(other than health)interest+mortgage(paid to banks)legal and p.. 2024. 6. 28. [REG] Schedule 1. Additional income and adjustment to income Part1. Additional Income1. Taxable refund2. Alimony received3. Business income/loss Sch C4. Other gains or losses 4797(Sales of Business Property)5. Rental real estate, royalties, partnerships, S corporations, trust, Sch E6. Farm income Sch F7. Unemployment compensation8. Other incomea. Net operating lossb. Gamblingc. cancellation of debtd. foreign earned incomeh. jury duty payi. prizes and awar.. 2024. 6. 28. [REG] Passive activity(sec.469), Sch E ActivityTaxable ActivityNon-passiveSch C/FIncome(Rev>Exp)taxable incomeLoss(Revdeductible lossPassiveSch ETaxable IncomeXnon-deductible lossNon-taxable Activitynon-taxable incomenondeductible expPassive activity (Sch E)1. Definition 1) Not materially participated(managed) in S corp & Partnership's biz operation(work 500h/Y ↑) 2) Any rental activity 2. Loss from passive activity > offset passiv.. 2024. 6. 26. [REG] Business income and deductions, income tax+SE tax 1. Tax year1) Calender Y: 1/1~12/312) Fiscal Y (11개): 4/1~3/313) 52~53 week tax year: ex)Last Sunday of Aug* Change of tax year: must get IRS approval 2. Tax accounting method1) Accrual method2) Cash method - Rev: Cash, property is received - Deduction: Cash, property is paid 예외 1) Prepaid exp -> Amortize over a period 2) Capitalizable expenditure(Equipment, machine, Furnit.. 2024. 6. 24. [REG] 1040 분석 Line 1. 급여나 직장에서 받게된 benefit - Sec132(no additional cost benefit, qualified employee discount) - Life insurance 기본적으로 nondetectable/non taxable, * 만일 ER가 EE의 상속자가 받는걸 대신내주면 50K까지는 ER도 공제받을 수 있음 - Incentive stock option Qualified stock optionNon Qualified stock optionGrant date2 yearsNo income to the employeecompensation income(salary) to EE, deductible to ER.. 2024. 6. 23. [REG] 9. Ethics, Professional Responsibilities, and Federal Tax Procedures 9.1 Licensing and Disciplinary Systems9.1.1 State Board of AccountancyAuthorityLicense- State License > State Board license 직접 관리, License fee 1년에 한번씩 납부, Continuing Professional Education(CPE)- CPA's license 관련 전반 업무 9.1.2 AICPA, CPA들이 가입- 사설기관: AICPA에서 정한 윤리 기준을 어길 경우, CPA에게 Sacnstion조치할수있음Automatic explusion 자동제명되는 경우- Felony commission(felony: imprison ≥ 1yr)- Willful failure to file tax ret.. 2024. 6. 19. [REG] 8. Government regulations 8.1 General definition8.1.1 Securities- Securities under the Securities Act of 1933 + Securities Exchange Act of 19341. TypeEquity securityDebt securityInstrumentInvestment contractInvestment profit derived from the effort of another(passive method)CS, PSbondpromissory note, checkInvestment of money in a common enterprise + expectation of profitlimited p's profit in limited pship * limited pship.. 2024. 6. 17. [REG] 7. Bankruptcy 7.1 General Definition1. Applicable laws + court - Title 11 of the United States Code + Federal court2. Purpose - for debtors: giving a change of new start - for creditors: distributing fairly - Stop the enforcement of a judgment lien against property in bankruptcy3 TypeType of BankruptcyChapterRepayment methodsEducation-voluntary petitionIndividual7LiquidationCredit counseling + financial m.. 2024. 6. 16. [REG]6. Secured Transaction 6.1 Applicable Laws- Uniform commercial code 9(담보관련)- Common law + other statutes(artisan lien, mechanic lien) 6.2 Scope of Secured Transactions1. Basic concept- Debtor, Creditor- $ collateral = attachment(D, C간의 계약)- Recording to the secretary of State = perfection (신고완료, potential creditor에게 알려줌)- Debtor is in default > foreclosure 경매2. Collateral subject to Uniform Commercial Code 9- Tangib.. 2024. 6. 14. 이전 1 2 3 4 5 6 7 ··· 9 다음 반응형
