KNOWLEDGE BUSTERS

1. Identify the general content and topic of each of the following Internal Revenue Code sections:

a. 62(a)(2) -

b. 262(b)

c. 751(a)(flush language) -

2. Identify the general content and topic of each of the following subchapters and parts of the Code:

a. Subtitle A, Chapter 1, Subchapter S

b. Subtitle A, Chapter 6

c. Subtitle D

3. List the major Code sections for the following topics:

a. Estate taxes

b. Capital gains

c. Passive losses -

4. List the following topics for IRS Publications

a. Pub 504

b. Pub 535 -

c. Pub 901

5. Discuss the topic of the following federal tax forms:

a. 990

b. Schedule SE

c. Form W-2

6. Identify the topic of the following Treasury Regulations, Revenue Rulings or Revenue Procedures:

a. Reg. 301.6333-1

b. Treas. Reg. 1.482-7(b)(1)(iii). -

c. Rev. Proc. 8914, 19891 C.B. 814 -

7. Apply your knowledge of tax law, to other areas of the United States Code, given that sometimes an accountant might need to access other parts of the United States law:

a. 15 U.S.C., chapter 2B, section 78j-1(b)(1) -

b. 31 U.S.C., subtitle B, chapter X -

c. Title 18, chapter 31, section 664 -