Professional Documents
Culture Documents
1. INCOME TAX
a. Kinds of taxpayers
a) Individual taxpayers
(i) Citizens
(a) Resident citizens
(b) Non-resident citizens
(ii) Aliens
(a) Resident aliens
(b) Non-resident aliens
(1) Engaged in trade or business
(2) Not engaged in trade or business
(iii) Special class of individual employees
(a) Minimum wage earner
(b) Estates and trusts
b) Corporations
(i) Domestic corporations
(a) Joint venture and consortium
(b) Partnerships
(c) General professional partnerships
(d) Co-ownerships
b. Income tax
b1) Definition, Nature, and General Principles
b2) Income
b21) Definition and Nature
b22) When income is taxable
(i) Existence of income
(ii) Realization of income
(a) Tests of realization
(b) Actual vis--vis constructive receipt
(iii) Recognition of income
(iv) Cash method of accounting vis-a-vis accrual method of
accounting
b23) Tests in determining whether income is earned for tax purposes
(i) Realization test
(ii) Claim of right doctrine or doctrine of ownership, command,
or control
(iii) Economic benefit test, doctrine of proprietary interest
(iv) Severance test
(v) All events test
B24) Classification of income
B25) Situs of income taxation
6. Taxation of partnerships
a. General professional partnerships
b. Joint-ventures and consortiums
c. General Partnerships
d. Co-ownerships
2. TRANSFER TAXES
A. ESTATE TAX
1. Basic principles, CONCEPT and definition
2. Nature, Purpose or object
3. Time and transfer of properties
4. Classification of decedent
5. Gross estate vis--vis net estate
6. Determination of gross estate and net estate
7. Composition of gross estate
8. Items to be included in gross estate
9. Deductions from estate and exclusions from estate
10. Tax credit for estate taxes paid in a foreign country
11. Exemption of certain acquisitions and transmissions
12. Filing of notice of death
13. Estate tax return
B. DONORS TAX
5. EXCISE TAXES