The schedule on which you report book-tax differences
What is Schedule M-1 or M-3?
100
Municipal bond interest is considered a ________ difference.
What is favorable or permanent?
100
One category of meal and entertainment expenses that is fully deductible
What is travel, company picnics, etc.?
100
Mike, the professor, teaches at _______________.
What is University of Wisconsin-Milwaukee?
100
A company paid $10,000 in fines. This is the book tax difference amount
What is $10,000?
200
The percentage limit for corporate charitable contribution deductions
What is 10%?
200
The tax treatment for state income taxes
What is deductible when paid?
200
Length of time after the end of the current taxable year that the bonus must be paid in order to use a deduction on the tax return
What is 2 1/2 months?
200
The two conditions under which officers' life insurance premiums are nondeductible for tax purposes
What is (1) company is the owner, (2) company is the beneficiary?
200
The limit for executive compensation to be deductible by public companies
What is $1,000,000?
300
The amount that Schedule L assets must exceed that would require a taxpayer to use Schedule M-3.
What is $10 million?
300
The code section for Domestic Production Activities Deduction
What is Sec. 199?
300
The line number that you would find the "federal income tax per books" on Schedule M-1
What is line #2?
300
Mike, the partner, worked in these three offices
What is Cincinnati, Denver, and Detroit?
300
The number of years or months that software development costs can be amortized for tax purposes
What is 36 months or 3 years?
400
Officers that are subject to the executive compensation limit (the definition of a "covered employee")
What is CEO, and the four most highly compensated
officers for the taxable year?
400
Impact on taxable income for the increase in cash surrender value of officers' life insurance (name both unfavorable/favorable AND temporary/permanent)
What is favorable permanent?
400
The dollar amount at which the phase-out limitation for start-up and organizational expenses begins
What is $50,000?
400
Name the actor who plays Sheldon Cooper in Big Bang Theory.
Who is Jim Parsons?
400
The circumstances under which goodwill is amortizable
What is purchased or acquired externally (not internally developed)?
500
Emily, the manager, is in the ______ group in the Dallas office.
What is ISG or ITP?
500
The code section for goodwill and non-compete covenants
What is Section 197?
500
The number of months after the close of the taxable year in which pension costs must be paid to be deductible.
What is 8 1/2 months?
500
UNICAP stands for ____________.
What is Uniform Cost Capitalization?
500
Name one Revenue Procedure that refers to the tax treatment of software development costs.