Accountant Federal Income Taxes Flashcards on Chapter 22 Key Terms, created by Brandie Westhart on 07/01/2023.
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Created by Brandie Westhart
almost 2 years ago
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Close
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Created by Brandie Westhart
almost 2 years ago
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Accumulated adjustments account (AAA)
At-risk amount
Built-in gains tax
Built-in gains tax recognition period
Debt basis
Earnings and profits (E&P)
Excess business loss
Excess net passive income
Excess net passive income tax
Form 1120-S
Form 2553
Form 7004
Gross receipts
LIFO recapture amount
LIFO recapture tax
Net passive investment income
Net unrealized built-in gain
Ordinary business income (loss)
Passive activity loss (PAL) rules
Passive investment income (PII)
Post-termination transition period (PTTP)
S corporation
Separately stated items
