IRC Sec.
Forms, Forms, Forms
What is it?
Differences
MISC
100
263(a)
What is Unicap/Inventory
100
1065
What is partnerships
100
Fines & Penalties
What is Expense for books, not for tax
100
Fines & Penalties not deductible for tax are included in book income
What is an unfavorable add-back to income
100
Forest Green
What is the color of the jacket Clinton wore daily when it was cold out
200
166
What is bad debts
200
Form 7004
What is Federal Extension Form
200
Positive IRC 481(a) Adjustment
What is income for tax, not for books
200
Federal Income Tax Expense Deducted for books
What is unfavorable add back to income
200
The thing Prof. Clinton has really bad in class sometimes - careful here;-)
What is ADD
300
404(a)
What is deferred compensation rules
300
Form Schedule D
What is Capital Gains & losses
300
Tax Gain on Sale of FA
What is income for tax, not for books
300
Decrease in prepaid expenses from p/y to c/y
What is unfavorable add-back to income
300
How would you spell Cailtlin's last name if it looked like it should sound - according to her
What is Koba
400
461
What is Accrued Expenses/all events test
400
Schedule k-1
What is shareholder portion of entity items
400
Off-the Shelf software deducted on books
What is expense for books, not for tax
400
45K of start-up expenses deducted for books
What is a NET unfavorable add back to income
400
If your debits don't equal credits, Prof Clinton assumes what?
What is you don't care, don't know, or are just lazy?
500
164(a)
What is State Income/Franchise Taxes
500
Form 6525
What is Installment Sale
500
Book Depreciation Expense
What is Expense for Books, NFT
500
Tax Exempt interest income included in book income
What is favorable subtraction from income
500
What is the one thing Prof. Clinton misses most at this point in the semester?
What is Pat's Beard
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