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    fed tax

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    fed tax

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    Download as pdf
    4 views14 pages

    Notes - Fedtax.weeks1 3

    Uploaded by

    jes
    fed tax

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 14
    e FA3 Seow detaw GIES Cede ie bible 8 ie oT a a almostas_im portant = Courts ye é _ -*Saislative hi 4 i Sanetinws sh S z eTaxc Oot _ aes ee = Dike jn” Wee 2 jean Ihe tvavel Mane Cour, 5 - ave +o + ( we ae toy ell | =D igen oF Cores? ae eo Pos Tax Courts ia tnecoru) sen of bin (2 Cae Par. eee the don't have to Py ble sti, ape as Sea Horii po! upd eae MO le woskals ap andes : i ee. - ee ae ae _relicAon! am . eee ee =e ae are vi unheaw ee uae: ee & in _Musg cube fas brid, yaised ica SB Toxin Zou -@* en 62 2 Bw eS adverbs dt Gores Sncenne 3 | ++ Additione| taxe> and credit vege | ¢ = tax toll Bea SUR * ali.min tax if hidpe —[Eacomo pools Cayo S Tncomd | es - Cesanioi vy. US lees) a bes oe! > lout? 04s Dnald addinonal in core Gremeopgl aa ane apne SB ic : z . oe ka (ar lew eas a ae Sauer and ia emplo : Coach adecl See W/ Femilenbon « J rave | a) | a See a a => au TCO i ae as ebie oe oe eZ ee Fs didn Et 4 addiess FE E Miles eo | Fow We Swidetaoy Caney EOE. Et ae Emv for income tax in? pe 2 | =an obiectve Fest (willie, buyer and Seller vicrttd Selle of Hut EMV] troded 43 Income 2 ne. n} be entered [Exclusions From Frow-income (se6 slide) | =Gibte ? inheritances are gener odly exdluded From i ACs ae eee in_eragl fem ployee ‘maka _=Gilt Common Xa: tronsbel vf sideration = Cochin bee ss Ve S Bialitign oes Ween golik ye whaF ie a oe Le for 2 Inorg tan =k oie 13 an ineue of a gilt 15 an. ae ee et le e * 2 ee => om dolor) ; mor a0 ene a ees Be AS PO Se a eerie in exchange Jara ae bagel st oad EET. aoe eran ae iO #3 107 babhshpusi Yeasonable rentoA Qllowond are ee Lom pai I | Nmisters of Wo 8 74 Prizes and oe | = Usually income | = exclusionary provision | = exception 1€ ey" “Pa ze lie avr i Leave Be et ean L fi xCEp r tance ‘sona Lipre | apt te crepe mai a ae See oy 2. ISokalavakies Qu | eexcludes Saudis Sor Initio, Res, and fos | a e leayee moby if collego ae So paeany, t Seconchit z Nongrots nat') accredited Yocational «Adelie Scholarships aes if Wor bli ted ( ded) to Garke nh lek ies ark a 49 263) See +e lager ti no} excludkd 27 excludes op to ts250 er ployer provided educoHonah Assistance @ etuition exemption for Univers: On playses ond and dependents ac ° Grbac yen mut do @ search or Jeathang *Transackions in Property, Subchapter © | amaunt vealized gain alo | adjusted sis el | adslgted basis goin ov bss 4h | ~ amount c0eedized Sess (ealized S| = *amount realized i» what Mie Porlget rit ae property, eS @ FMV “spi or loss HE ee ante (ovo talun Lf . hel goin a co 5 fF deually, cecagnAzed Sloiz_ + Basis starts MP @ Got deen adjusts under § tow Som mos Care Yaasi under $10s Mole Ut need Wot is SomoHmes Called a “(Balization event” belere youcan cal 51001 OW = eae eae Ido ecionyon of vahee \o ‘hol fie inh ‘2 nol { Veo lita scutes ae 4riag rege e@ | a or war reali tation count | ® bois eae hase) o4tox; had an dmucemed part, built bridge : Oh belie to pave “3 Ea a gee Franchise to ran Street | OA Scud lpvid | =? later to paver Codd’ obbord to { eee bridge exchange Pe eal city 9ived lO-year franchise | extension and you give v2 loridge 6 i Su uBridge " Te Gov't { : JO-yeav ext oO | = TP nwer mcognites on tax vetums . ion of Should’ TP have recognized | ee a poet woe on « Cour iS 905 wl ue ween veconnire, «Amount walized might ve hard fox extension _ > lout DIC excchange we can assume Murfire epial te taize lorid uo losis wats cosh MEA Wine, brie Bo WL NOW. bast ~rappraizre loridee to find aj cin rare transactions ypu cand Value — vide Lowa * e ia SEIN ol wWhot yor as alr 2 Sulotract the “ob w you give Up te get realized in_ov_ loss Which, | Shut ‘eg. AT ° Basis in prop ecteved is FMV ot | ine of aethac ig assure, itis a | Alley toxoolole aan Wow WS Schwidetely Sanuc-4 Zu Say tle - Qo =gpin ov loss real zed Swis 1 srs of Sy al Us + dranefers Sug p= Pyare ile aes @ in in Wands 2 chnee = in bands of dnov_ ) oun Conover ca ba ey , = exe SIS iD grea n | FAV es loss) Hen Cosis for donce | is Pav at tins of gitt @ Toft v. Bowers Gg2a) | Wes Gaven lec a eas told et a coca ast§ so wt | orks ae She neds Flin “Bea iki denbrs. han ono —> Sha. cals loses (faud-£0- Sullanth (May) 6 Sis gaven Shel as part of an Gale- hu Pred | 4 divorced (che gets Zul setlerent | and "ben She mans a prince and gets | divorced (out kept Rae | hin toasts wos 70 ble le stated Me co. ver Was What was her lasts? TRS said it wes ait 5 Conqgover E asi e —Sor estate eb tox pa es marital b a right= int ee valid Consideroh on | > Whet alooud in dhe income tor laws? ° Court ayS nots doesn} apply in Encong bu Pha ey L — echate and: gitktaeis fol in pari pe hi oe os + +o boxe wee lacone tax must | have deta siaterest+ | -not o Una neg Nee $0 i+ can bea i eg ox | Adis in Marital rights ave Fu Bias ies we gagume (t's 4 he gave bo her foc it) So he how eqn and 1c She doesn't | — | § (Out Transbers Povo between spouses @ a divorce ee : aS Geneva no loss ohal\ be recoanized on a tran ee Be eet Crowe cde +20} a leex transibeor) t do forint Poy We | x a re Spore pideos +o divorcee | | (10) TranLer ye Oe ) Condi dered ar Oe 2 GAwoyS OANA WEL 03D to trans Gree |S loi Pro Goreeieen loi bo Ahan bane } GR. oot os died whe decedent's death ia prop. acqeured Fi decedent. i Aes t Wont oe Se loiet(eS it ve Hem i and. act Om Sib act e@ rie! eg 3s ean, Ougay you keop oa gina \Osi5. 7 \ aoe | - ty fv Sov bs. Soper YX Vice D> a Le il boner Propia exchange for Servicey - hansroy | vecoqnires in an 5 i los Ya. foe in HranSverced. gre ‘ — Service Provider had intoma +o eay cl rop. ond perk 48 FMV canis iA prop. ER = Te-lrane 3 *Cleav Pi ire prop. w/ (eCourse iif debs, recourée déle+ is ' included in wais = youre . liable Ay tecourse -Creditoy Can foreclese, Sue yew ete. = Ges Gah ool Bayh Corr DEO Mord. ow + le To 100 O/e Llole a)p_loole__ gain 101 “Exvciting" Preemie: = Cer Fain oFseks, including improveneinte +2 teal peop. may be “deprecated” reduces \oas5 in Prop. Crane haut) *nonrecourse

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