HS 321 Audio: Income Taxation

2-1 Describe the pressure for revenues that led to the adoption of the 16th Amendment by Congress, and explain the Amendment's significance for modern tax law.

3-2 Explain the doctrine of constructive receipt.

3-3 Explain the economic-benefit theory.

3-0 Chapter 3 - Overview

5-2 Explain the tax treatment of annuities.

6-3 Explain the rules regarding the income taxation of Social Security benefits.

5-0 Chapter 5 - Overview

9-5 Explain the rules regarding the deductibility of interest payments.

8-2 Explain the rules regarding the deductibility of bad debts.

7-5 Explain the 2 percent floor on miscellaneous itemized deductions.

7-4 Explain the rules regarding the deductibility of expenses for home offices and vacation homes.

7-2 Explain the requirements for deducting business entertainment expenses.

5-1 Explain the tax treatment of payments in connection with separation or divorce.

4-2 Explain the determination of taxable income.

9-2 Explain the rules regarding the deductibility of medical and dental expenses, and describe what constitutes an eligible expense under these rules.

9-0 Chapter 9 - Overview

7-3 Explain the requirements for deducting nonbusiness expenses paid for the production of income.

9-3 Explain the tax treatment of long-term care expenses and insurance premiums.

6-2 Describe the rules regarding the taxation of interest on state and municipal bonds, U.S. Treasury obligations, and educational savings bonds, and explain how the gain on the sale of tax-exempt securities is treated for tax purposes.

6-1 Explain the general rule regarding the income taxation of amounts received by gift or inheritance.