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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

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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

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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...

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  • October 22, 2024
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  • South-Western Federal Taxation 2025 by Young
  • South-Western Federal Taxation 2025 by Young
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TEST BANK
South-Western Federal Taxation 2025:
Corporations, Partnerships, Estates and Trusts 47th Edition
by Nellen & Young Chapters 1 - 20 D




PageD1

,TABLE OF CONTENTS D D D




Part I: INTRODUCTION TO TAXATION AND BUSINESS ENTITIES.
D D D D D D D



1. Understanding and Working with the Federal Tax Law.
D D D D D D D D



2. The Deduction for Qualified Business Income for Noncorporate Taxpayers.
D D D D D D D D D



Part II: CORPORATIONS.
D D



3. Corporations: Introduction and Operating Rules.
D D D D D



4. Corporations: Organization and Capital Structure.
D D D D D



5. Corporations: Earnings & Profits and Dividend Distributions.
D D D D D D D



6. Corporations: Redemptions and Liquidations.
D D D D



7. Corporations: Reorganizations.
D D



8. Consolidated Tax Returns.
D D D



9. Taxation of International Transactions.
D D D D



Part III: FLOW-THROUGH ENTITIES.
D D D



10. Partnerships: Formation, Operation, and Basis.
D D D D D



11. Partnerships: Distributions, Transfer of Interests, and Terminations.
D D D D D D D



12. S Corporations.
D D



Part IV: ADVANCED TAX PRACTICE CONSIDERATIONS.
D D D D D



13. Comparative Forms of Doing Business.
D D D D D



14. Taxes in the Financial Statements.
D D D D D



15. Exempt Entities.
D D



16. Multistate Corporate Taxation.
D D D



17. Tax Practice and Ethics.
D D D D



Part V: FAMILY TAX PLANNING.
D D D D



18. The Federal Gift and Estate Taxes.
D D D D D D



19. Family Tax Planning.
D D D



20. Income Taxation of Trusts and Estates.
D D D D D D




PageD2

,Chapter 01: Understanding and Working with the Federal Tax Law
D D D D D D D D D



TrueD/DFalse

1. ManyDstatesDhaveDbalancedDbudgetsDbecauseDlawsDorDconstitutionalDamendmentsDprecludeDdeficitDspending.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONDTYPE: TrueD/DFalse
HASDVARIABLES: False
LEARNINGDOBJECTIVES:D CPET.SWFT.2025.LO:D1D 01D-DLO:D1-01
NATIONALDSTANDARDS:D UnitedDStatesD-DBUSPROG:DComprehensionD-DBUSPROG:DComprehension
STATEDSTANDARDS: UnitedDStatesD-DTXD-DAICPA:DFN-Measurement
UnitedDStatesD-DAKD-DAICPA:DFN-Research
KEYWORDS: Bloom's:DRemember
OTHER: Time:D2Dmin.
DATEDCREATED: 1/31/2024D10:55DAM
DATEDMODIFIED: 3/1/2024D1:43DPM

2. TheDU.S.DFederalDgovernmentDhasDaDprovisionDinDtheDConstitutionDthatDprecludesDdeficitDspending.
a. True
b. False
ANSWER: False
RATIONALE: ThereDisDnoDsuchDprovision,DandDtheDnationalDdebtDcontinuesDtoDgrow.
POINTS: 1
DIFFICULTY: Easy
QUESTIONDTYPE: TrueD/DFalse
HASDVARIABLES: False
LEARNINGDOBJECTIVES:D CPET.SWFT.2025.LO:D1D 01D-DLO:D1-01
NATIONALDSTANDARDS:D UnitedDStatesD-DBUSPROG:DComprehensionD-DBUSPROG:DComprehension
STATEDSTANDARDS: UnitedDStatesD-DAKD-DAICPA:DFN-Measurement
KEYWORDS: Bloom's:DRemember
OTHER: Time:D2Dmin.
DATEDCREATED: 1/31/2024D10:55DAM
DATEDMODIFIED: 3/1/2024D1:43DPM

3. Revenue-neutralDtaxDlawsDreduceDdeficits.
a. True
b. False
ANSWER: False
RATIONALE: TheyDdoDnotDreduceDdeficitsDbutDdoDnotDaggravateDtheDproblem.
POINTS: 1
DIFFICULTY: Easy
QUESTIONDTYPE: TrueD/DFalse



PageD3

, Chapter 01: Understanding and Working with the Federal Tax La
D D D D D D D D D

w
HASDVARIABLES: False
LEARNINGDOBJECTIVES:D CPET.SWFT.2025.LO:D1-01D-DLO:D1-01
NATIONALDSTANDARDS:D UnitedDStatesD-DBUSPROG:DComprehensionD-DBUSPROG:DComprehension
STATEDSTANDARDS: UnitedDStatesD-DAKD-DAICPA:DFN-Measurement
KEYWORDS: Bloom's:DRemember
OTHER: Time:D2Dmin.
DATEDCREATED: 1/31/2024D10:55DAM
DATEDMODIFIED: 3/1/2024D1:43DPM

4. LongerDclassDlivesDforDdepreciableDpropertyDandDtheDrequiredDuseDofDtheDstraight-
lineDmethodDofDdepreciationDwouldDlikelyDdampenDtheDtaxDincentiveDforDpurchasingDcapitalDassets.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONDTYPE: TrueD/DFalse
HASDVARIABLES: False
LEARNINGDOBJECTIVES:D CPET.SWFT.2025.LO:D1D 02D-DLO:D1-02
NATIONALDSTANDARDS:D UnitedDStatesD-DBUSPROG:DComprehensionD-DBUSPROG:DComprehension
STATEDSTANDARDS: UnitedDStatesD-DTXD-DAICPA:DFN-Reporting
UnitedDStatesD-DAKD-DAICPA:DFN-Research
KEYWORDS: Bloom's:DRemember
OTHER: Time:D2Dmin.
DATEDCREATED: 1/31/2024D10:55DAM
DATEDMODIFIED: 3/1/2024D1:43DPM

5. TheDInternalDRevenueDCodeDisDaDcompilationDofDFederalDtaxDlegislationDthatDappearsDinDTitleD26DofDtheDUnitedDStatesDCode.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTIONDTYPE: TrueD/DFalse
HASDVARIABLES: False
LEARNINGDOBJECTIVES:D CPET.SWFT.2025.LO:D1D 02D-DLO:D1-02
NATIONALDSTANDARDS:D UnitedDStatesD-DBUSPROG:DComprehensionD-DBUSPROG:DComprehension
STATEDSTANDARDS: UnitedDStatesD-DAKD-DAICPA:DFN-Research
UnitedDStatesD-DTXD-DFN-Reporting
KEYWORDS: Bloom's:DRemember
OTHER: Time:D2Dmin.
DATEDCREATED: 1/31/2024D10:55DAM
DATEDMODIFIED: 3/1/2024D1:43DPM


PageD4

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