Ch. 5 Flashcards

Gross Income

Realization Principle

Wherewithal to Pay

Barter Clubs

Tax Basis

Return of Capital

Tax Benefit Rule

Accrual Method

Cash Method

Constructive Receipt Doctrine

Claim of right doctrine

Assignment of income doctrine

Community Property Systems

Earned Income

Unearned Income

Annuity

Flow-through entities

Alimony

Imputed Income

Discharge of indebtedness

Nonrecognition Provisions

Municipal Bonds

Fringe Benefits

Accountable Plan

Gift

Inheritance

Accelerated death benefits

Disability Insurance

Installment Sales

Qualified Retirement Account