Description
Wiley CPAexcel Exam Review April 2017 Study Guide (2nd Ed.)
Regulation
Language: EnglishSubject for Wiley CPAexcel Exam Review April 2017 Study Guide :
Keywords
wiley cpa study guide
744 p. · 21.3x27.4 cm · Paperback
Description
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All the information you need to master the next CPA Exam starting on April 1, 2017!
The Wiley CPAexcel Study Guides four–volume set will prepare you for all four parts of the CPA Exam. With study text, multiple–choice questions, task–based simulations, and more, the study guides provide the information you need to master and reinforce all topic areas. Content is organized into Bite–Sized Lessons that are perfectly mapped to the Wiley CPAexcel Review Course. The books are designed to supplement the full course but may be used as a standalone study tool.
- Content covers the complete scope of the "next" AICPA Uniform CPA Exam Blueprints, effective April 1, 2017
- Organized into Bite–Sized Lessons that can be mastered in about 30 minutes
- Mapped perfectly to the Wiley CPAexcel Review Course outline and structure for easy cross–referencing
- Includes thousands of Multiple–Choice Questions with solutions and hundreds of Task–Based Simulations in the four–volume set
About the Regulation Professors ix
Welcome to Regulation x
Ethics, Professional Responsibilities, and Federal Tax Procedures 1
Ethics and Responsibility in Tax Practice 2
Regulations Governing Practice before the IRS 2
IRC Code and Regulations Related to Tax Return Preparers 7
Licensing and Disciplinary Systems 12
Federal Tax Practice and Procedures 15
Substantiation and Disclosure of Tax Positions 15
Taxpayer Penalties 18
Sources of Tax Authority and Research 23
Tax Practice and Procedure 27
Compliance Responsibilities 30
Legal Duties and Responsibilities 37
Common Law Duties and Liabilities to Clients and Third Parties 37
Privileged Communications, Confidentiality, and Privacy Acts 46
Business Law 51
Agency 52
Types of Agency Relationships and Creation 52
Authority of Agents and Principals 55
Duties of Agents and Principals 57
Contract Liability of Agents and Principals 62
Tort Liability of Agents and Principals 65
Contracts 69
Introduction and Classification 69
Applicable Laws 69
Types of Contracts 72
Formation 75
Offer and Acceptance 75
Consideration 83
Writing and Records: The Statute of Frauds 88
Defenses to Formation 94
Performance: Defining Performance and Breach 100
Performance: Discharge of Performance 106
Passage of Title and Risk of Loss 110
Remedies 117
Types of Remedies 117
Formulas for Damages 120
Third–Party Rights 124
Debtor–Creditor Relationships 129
Rights, Duties, and Liabilities of Debtors, Creditors, and Guarantors 129
Suretyship Introduction, Creation, and Types 129
Suretyship Rights of Parties 133
Article 9 UCC Secured Transactions 138
Introduction and Creation of Security Interests 138
Perfection of Security Interests 141
Priorities in Security Interests 146
Rights of Secured Parties and Debtors 150
Bankruptcy and Insolvency 153
Prebankruptcy Options, and Introduction to and Declaration of Bankruptcy 153
Bankruptcy Process 159
Distribution of Debtor s Estate 163
Discharge and Reaffirmation Agreements 166
Government Regulation of Business 168
Federal Securities Regulation 168
Defining a Security 168
The Registration Process 170
Exempt Transactions and Securities 173
The JOBS Act of 2012 179
Liability Provisions 1933 Act 183
Purposes, Requirements, and Provisions of the 1934 Act 189
Criminal Liability 196
Other Federal Laws and Regulations 198
Employment Tax 198
Affordable Care Act 203
Worker Classification Laws and Regulations 211
Business Structure 217
Selection and Formation of Business Entity and Related Operation and Termination 217
Selection of a Business Entity 217
Formation 223
Operations: Nonfinancial Factors 225
Financial Structure 228
Termination 234
Rights, Duties, Legal Obligations, and Authority of Owners and Management 237
Rights and Duties 237
Authority of Owners and Managers 242
Federal Taxation 245
Introduction to Tax Review 246
Property Transactions 253
Sales and Dispositions of Assets 253
Capital Gains and Losses 257
Section 1231 Assets 265
Section 1231 Assets Cost Recovery 270
Like–Kind Exchanges and Involuntary Conversions 281
Other Nonrecognition Transactions 286
Federal Taxation of Individuals 291
Income 292
Gross Income General Concepts and Interest 292
Gross Income Other Inclusions 297
Gross Income Exclusions 300
Taxation of Items from Business Entities 303
Accounting Methods and Periods Individuals 308
Taxation of Employee Benefits 315
Taxation of Retirement Plans 321
Deductions 327
Deductions Basic Principles 327
Deductions for AGI 329
Itemized Deductions Medical, Taxes, Interest 333
Itemized Deductions Other 337
Employee Business Expenses 343
Deductions Losses and Bad Debts 346
Limitations on Business Deductions 348
Individual Tax Issues 353
Personal and Dependency Exemptions 353
Filing Status 357
Alternative Minimum Tax and Other Taxes 361
Tax Planning Strategies for Individuals 366
Tax Credits 371
Personal Tax Credits 371
Estate and Gift Taxation 380
Federal Gift Tax 380
Federal Estate Tax 387
Federal Taxation of Entities 395
Corporate Taxation 396
Formation of a Corporation 396
Corporate Income 401
Accounting Methods and Periods Corporations 406
Special Corporate Deductions 409
Corporate Alternative Minimum Tax 415
Penalty Taxes 419
Taxation of Related Corporations 423
Distributions from a Corporation 426
Corporate Redemptions and Liquidations 430
Corporate Reorganizations 436
Multijurisdictional Tax Issues 442
State and Local Taxation 442
Taxation of Foreign Income 447
Tax–Exempt Entities 452
Tax–Exempt Organizations 452
Partnership Taxation 455
Formation and Basis 455
Flow–Through of Income and Losses 462
Transactions with Partners 465
Partnership Distributions 468
Sales and Terminations 473
S Corporation Taxation 477
Eligibility, Election, Termination 477
Income and Basis 480
Distributions and Special Taxes 485
Fiduciary Taxation 488
Income Taxation of Fiduciaries 488
Tax Credits 493
Business Tax Credits 493
Other Tax Issues 497
Tax Planning Strategies for Business Entities 497
Business Entity Choice 499
Multiple Choice Questions 503
Task–Based Simulations 615
Index 717
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