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Tax Planning - Coggle Diagram
Tax Planning
Gross Income
Inclusions
Economic and Accounting Concepts of Income
Tax Concept of Income
Administrative Convenience
Wherewithal-to-Pay
Gross Income Defined
Form of Receipt
Indirect Economic Benefit
To Whom is Income Taxable?
Assignment of Income
Allocating Income Between Spouses
Income of a Minor Child
When is Income Taxable?
Items of Gross Income: Section 61(a)
Compensation
Business Income
Gains from Dealings in Property
Interest
Rents and Royalties
Dividends
Alimony and Separate Maintenance Payments
Annuities
Pensions
Simplified Method for Qualified Retirement Plan Annuities
Advance Payments
Life Insurance and Endowment Contracts
Discharge of Indebtedness
Income Passed Through to Taxpayer
Other Items of Gross Income
Prizes, Awards, Gambling, and Treasure Finds
Illegal Income
Unemployment Compensation
Social Security Benefits
Insurance Proceeds and Court Awards
Recovery of Previously Deducted Amounts
Claim of Right
Tax Planning Considerations
Shifting Income
Alimony
Prepaid Income
Bonds
Reporting Savings Bond Interest
Compliance and Procedural Considerations
Income Tax Law Fundamentals
Tax Law
Internal Revenue Code
Regulations
Proposed Regulation
Temporary Regulation
Final Regulation
Interpretative and Legislative Regulations
Authoritative Weight
Citations
Enactment of Tax Law
Steps in the Legislative Process
IRS Interpretations
Revenue Rulings
Revenue Procedures
Letter Rulings
Other Interpretations
Judicial Decisions
Overview of the Court System
The U.S. Tax Court
U.S. District Courts
U.S. Court of Federal Claims
Circuit Courts of Appeals
Supreme Court
Basis
Income Tax Calculations
Tax Characteristics of Entities
Cost Recovery Concepts
Tax Consequences on the Sale of Assets
Like-Kind Exchanges and Involuntary Conversions
Income Taxation of Trusts and Estates
Passive Activity
Charitable Contributions and Deductions
Tax Implications of Changing Circumstances
Tax Accounting Methods
Tax Compliance
Alternative Minimum Tax
Tax Management Techniques