review 2 a 312021

  1. The filing fees, professional fees, and other liquidation-related expenses are -------------------- in the final tax return of the corporation.
    The filing fees, professional fees, and other liquidation-related expenses are deductible in the final tax return of the corporation.
  2. The filing fees, professional fees, and other liquidation-related expenses are deductible in the----------------------- of the corporation.
    The filing fees, professional fees, and other liquidation-related expenses are deductible in the final tax return of the corporation.
  3. A taxpayer must furnish more than ----------------- of the total support provided during the calendar year before claiming an exemption for a dependent (Reg. 1.152-1).
    A taxpayer must furnish more than one-half of the total support provided during the calendar year before claiming an exemption for a dependent (Reg. 1.152-1).
  4. A taxpayer must furnish more than one-half of the total support provided during the calendar year before claiming an exemption for a dependent (Reg. 1.152-1).Total support is determined on a yearly basis and is the sum of

    ------------------------------------------------------------,

    -------------------------------------------------------------, and

    -------------------------------------------------------------------------.
    A taxpayer must furnish more than one-half of the total support provided during the calendar year before claiming an exemption for a dependent (Reg. 1.152-1).Total support is determined on a yearly basis and is the sum of

    The fair rental value of lodging,

    The costs of all items of expense paid out directly by or for the benefit of the dependent, and

    A proportionate share of expenses incurred in supporting the whole household.
  5. Support for dependents includes money and items, or amounts spent on items, such as

    ------------------------------------

    ---------------------------------------

    ---------------------------

    ----------------------------------
    Support for dependents includes money and items, or amounts spent on items, such as

    Food, clothing, shelter, utilities

    Medical and dental care and insurance

    Education

    Child care, vacations, etc.
  6. A corporation recognizes any gain or loss realized on distributions in complete liquidation as if the property were sold at its------------------------------------------------------------
    A corporation recognizes any gain or loss realized on distributions in complete liquidation as if the property were sold at its FMV to the shareholder immediately before its distribution.
  7. Gain or loss is computed on an -------------------- basis.
    Gain or loss is computed on an asset-by-asset basis.
Author
Joens1313
ID
354739
Card Set
review 2 a 312021
Description
review 2 a 312021
Updated