회계 세무 공부/AICPA 공부 요약75 [REG] Business structure 5.1 Sole proprietorships- one owner = business entity =legal entity- not required to file secretary of state- transferable ownership + int- pass-through taxation 5.2 General partnerships5.2.1 Applicable law Revised Uniform Partnership Act (RUPA) 5.2.2 Formation of (general) partnership1. Definition of partnership- 2 or more than 2persons- business for profit- Carry on-infinite period- co-owners.. 2024. 6. 12. [REG] Debtors, Creditors, Guarantors 3.1 Debtor vs CreditorDebtor breaches the contract(fails to pay money, the creditor may proceed with legal actions)1) Pre-judgment attachment 딱지붙이는 것, 손대지마2) Garnishment 원천징수 garnishment up to 25% of the employee's wage Multiple creditors1) Composition agreement- by bankruptcy code or state statutes- created bet creditors- consideration is necessary bet creditors, reduction of the debt amount.. 2024. 6. 9. [REG] Business Law_ Contract Contract2.1 Applicable laws 1. Legislative Branch~> Law (= Congress) 입법부에서 2. Common Law 1) Service 2) Real property(land, building) 3. ACI 단체에서 협의한 법, State에서 adopts Uniform Commercial Code2 1) tangible good >> 종류가 섞여있다면 비중이 큰걸 택한다 2.2 Basic concept of contract 2. Acceptance: mutual assent 3. Consideration of both OR & EE = bargain for exchanged = Legal detrimen.. 2024. 6. 8. [REG] Exempt organizations 1. TestOrganization test: Religious org, education org, Private Foundation, Charitable org, Social clubOperational test: not for profit 2. Filing- Annual information return. Form 990, Due on May 15th * exemption religious/ small organization - 990-T, unrelated business income is 1K or more- 990-PF for private foundation 3. Unrelated Business Income(UBI)- taxed at the regular rate for corporati.. 2024. 6. 4. [REG] Gift taxation and Trusts inheritance인 경우- 사망일의 FMV- Alternate Valuation Date 선택하게 해준다- 항상 LT으로 해준다 gift transfer- 기본적으로 FMV가 NBV보다 높은 편이고, NBV를 사용하는 것이 원칙 - 양도하는 날 기준 NBV가 FMV보다 높다면, Gain NBV, Loss FMV, nbv-fmv 사이면 0 Purchasing property for a businessImprovements(capitalize)Repairs and maintenanceMaterials and supplies200 or less Deminis safe harbor rule- with AFS deduct up to 5000 per item- without AFS deduct up to 250.. 2024. 6. 4. [REG] S Corporations Eligibility requirements for an S corporation(IRS letter 받아야함)1. Domestic corp estimated in state2. Issue one class of stock only3. Can be a member of an affiliated Group - An S corp can own a C corp - A C corp cannot own a S corp4. SH of Scorp(individuals(single m LLC), Trust/Estate) Except for 100% S corp5. # of SH=6. Individual SH > US citizen, resident, resident-alien Election to be an.. 2024. 5. 31. [REG] Disposes of property ( loss / gain of capital asset) Disposes of propertyCapital asset: assets held or used for1) investment(stocks, bonds, virtual currency)2) personal use(personal car, home, furniture)* not capital asset: held for sale to customers in the ordinary course of business(inventory) used in a taxpayer's trade or business(real property or personal property)Ordinary asset: not capital asset Capital Loss de.. 2024. 5. 23. [REG] Intangible Property Section 197 Purchased Intangibles- assets acquired in connection with the purchase of an existing business- Goodwill, going-concern value, covenant not to compete, Licenses and permits, customer or supplier list, Franchises, trademarks, patents, copyrights Research and Experimental Costexpensed/capitalized and amortized Patents and Copyrights- cost of development + legal cost + government fees- .. 2024. 5. 20. [REG] 199A QBI deduction(Flow-through Business Entities: Part 1) C corp> flat & lower tax rateFlow-through entities- S corp- Partnerships- Limited liability companies- TrustsSpecified Service trade or businessFTE dealing with:- health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, etc...Qualified Trade or BusinessAny business other than an SSTB Qualified business income deduction (section 199A)- Deduction tak.. 2024. 5. 7. 이전 1 2 3 4 5 6 7 8 9 다음 반응형
