100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for South-Western Federal Taxation 2025: Corporations, Partnerships, Estates and Trusts 48th Edition by Nellen & Young, ISBN: 9780357989074, All 20 Chapters Covered, Verified Latest Edition $15.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. South-Western Federal Taxation 2025 By Young
  4.  
  5. South-Western Federal Taxation 2025 by Young

Exam (elaborations)

Test Bank for South-Western Federal Taxation 2025: Corporations, Partnerships, Estates and Trusts 48th Edition by Nellen & Young, ISBN: 9780357989074, All 20 Chapters Covered, Verified Latest Edition
 8 views  0 purchase
  • Course
  • South-Western Federal Taxation 2025 by Young
  • Institution
  • South-Western Federal Taxation 2025 By Young

Test Bank for South-Western Federal Taxation 2025: Corporations, Partnerships, Estates and Trusts 48th Edition by Nellen & Young, ISBN: 978, All 20 Chapters Covered, Verified Latest Edition Test Bank for South-Western Federal Taxation 2025: Corporations, Partnerships, Estates and Trusts 48th Editio...

[Show more]

Preview 4 out of 1574  pages

Document information

  • November 7, 2024
  • 1574
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • south western federal taxation 2025 by young
  • test bank for south western federal taxation 2025
  • test bank for south western federal taxation 2025
  • test bank and solution manual pdf

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (8)

Written for

  • South-Western Federal Taxation 2025 by Young
  • South-Western Federal Taxation 2025 by Young

Seller

avatar-seller
Labsolutions

Reviews received

Content preview

TEST BANK
South-Western Federal Taxation 2025:
Corporations, Partnerships, Estates and Trusts 47th Edition
by Nellen & Young Chapters 1 - 20




Pages1

,TABLE OF CONTENTS
s s s




PartsI:sINTRODUCTIONsTOsTAXATIONsANDsBUSINESSsENTITIES.
1.sUnderstandingsandsWorkingswithsthesFederalsTaxsLaw.
2.sThesDeductionsforsQualifiedsBusinesssIncomesforsNoncorporatesTaxpayers.
PartsII:sCORPORATIONS.
3.sCorporations:sIntroductionsandsOperatingsRules.
4.sCorporations:sOrganizationsandsCapitalsStructure.
5.sCorporations:sEarningss&sProfitssandsDividendsDistributions.
6.sCorporations:sRedemptionssandsLiquidations.
7.sCorporations:sReorganizations.
8.sConsolidatedsTaxsReturns.
9.sTaxationsofsInternationalsTransactions.
PartsIII:sFLOW-THROUGHsENTITIES.
10.sPartnerships:sFormation,sOperation,sandsBasis.
11.sPartnerships:sDistributions,sTransfersofsInterests,sandsTerminations.
12.sSsCorporations.
PartsIV:sADVANCEDsTAXsPRACTICEsCONSIDERATIONS.
13.sComparativesFormssofsDoingsBusiness.
14.sTaxessinsthesFinancialsStatements.
15.sExemptsEntities.
16.sMultistatesCorporatesTaxation.
17.sTaxsPracticesandsEthics.
PartsV:sFAMILYsTAXsPLANNING.
18.sThesFederalsGiftsandsEstatesTaxes.
19.sFamilysTaxsPlanning.
20.sIncomesTaxationsofsTrustssandsEstates.


Pages2

,Chapters01:sUnderstandingsandsWorkingswithsthesFederalsTaxsLaw
Trues/sFalse

1. Manysstatesshavesbalancedsbudgetssbecauseslawssorsconstitutionalsamendmentssprecludesdeficitsspending.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONsTYPE: Trues/sFalse
HASsVARIABLES: False
LEARNINGsOBJECTIVES:s CPET.SWFT.2025.LO:s1s 01s-sLO:s1-01
NATIONALsSTANDARDS:s UnitedsStatess-sBUSPROG:sComprehensions-sBUSPROG:sComprehension
STATEsSTANDARDS: UnitedsStatess-sTXs-sAICPA:sFN-Measurement
UnitedsStatess-sAKs-sAICPA:sFN-Research
KEYWORDS: Bloom's:sRemember
OTHER: Time:s2smin.
DATEsCREATED: 1/31/2024s10:55sAM
DATEsMODIFIED: 3/1/2024s1:43sPM

2. ThesU.S.sFederalsgovernmentshassasprovisionsinsthesConstitutionsthatsprecludessdeficitsspending.
a. True
b. False
ANSWER: False
RATIONALE: Theresissnossuchsprovision,sandsthesnationalsdebtscontinuesstosgrow.
POINTS: 1
DIFFICULTY: Easy
QUESTIONsTYPE: Trues/sFalse
HASsVARIABLES: False
LEARNINGsOBJECTIVES:s CPET.SWFT.2025.LO:s1s 01s-sLO:s1-01
NATIONALsSTANDARDS:s UnitedsStatess-sBUSPROG:sComprehensions-sBUSPROG:sComprehension
STATEsSTANDARDS: UnitedsStatess-sAKs-sAICPA:sFN-Measurement
KEYWORDS: Bloom's:sRemember
OTHER: Time:s2smin.
DATEsCREATED: 1/31/2024s10:55sAM
DATEsMODIFIED: 3/1/2024s1:43sPM

3. Revenue-neutralstaxslawssreducesdeficits.
a. True
b. False
ANSWER: False
RATIONALE: Theysdosnotsreducesdeficitssbutsdosnotsaggravatesthesproblem.
POINTS: 1
DIFFICULTY: Easy
QUESTIONsTYPE: Trues/sFalse



Pages3

, Chapters01:sUnderstandingsandsWorkingswithsthesFederalsTaxsLaw
HASsVARIABLES: False
LEARNINGsOBJECTIVES:s CPET.SWFT.2025.LO:s1-01s-sLO:s1-01
NATIONALsSTANDARDS:s UnitedsStatess-sBUSPROG:sComprehensions-sBUSPROG:sComprehension
STATEsSTANDARDS: UnitedsStatess-sAKs-sAICPA:sFN-Measurement
KEYWORDS: Bloom's:sRemember
OTHER: Time:s2smin.
DATEsCREATED: 1/31/2024s10:55sAM
DATEsMODIFIED: 3/1/2024s1:43sPM

4. Longersclassslivessforsdepreciablespropertysandsthesrequiredsusesofsthesstraight-
linesmethodsofsdepreciationswouldslikelysdampensthestaxsincentivesforspurchasingscapitalsassets.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONsTYPE: Trues/sFalse
HASsVARIABLES: False
LEARNINGsOBJECTIVES:s CPET.SWFT.2025.LO:s1s 02s-sLO:s1-02
NATIONALsSTANDARDS:s UnitedsStatess-sBUSPROG:sComprehensions-sBUSPROG:sComprehension
STATEsSTANDARDS: UnitedsStatess-sTXs-sAICPA:sFN-Reporting
UnitedsStatess-sAKs-sAICPA:sFN-Research
KEYWORDS: Bloom's:sRemember
OTHER: Time:s2smin.
DATEsCREATED: 1/31/2024s10:55sAM
DATEsMODIFIED: 3/1/2024s1:43sPM

5. ThesInternalsRevenuesCodesissascompilationsofsFederalstaxslegislationsthatsappearssinsTitles26sofsthesUnitedsStatessCode.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONsTYPE: Trues/sFalse
HASsVARIABLES: False
LEARNINGsOBJECTIVES:s CPET.SWFT.2025.LO:s1s 02s-sLO:s1-02
NATIONALsSTANDARDS:s UnitedsStatess-sBUSPROG:sComprehensions-sBUSPROG:sComprehension
STATEsSTANDARDS: UnitedsStatess-sAKs-sAICPA:sFN-Research
UnitedsStatess-sTXs-sFN-Reporting
KEYWORDS: Bloom's:sRemember
OTHER: Time:s2smin.
DATEsCREATED: 1/31/2024s10:55sAM
DATEsMODIFIED: 3/1/2024s1:43sPM


Pages4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Labsolutions. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77858 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.99
  • (0)
  Add to cart