本書は米国公認会計士(USCPA)の一科目である税法のうち 法人税(C corporation)に関して、試験対策上暗記必須の40の項目をとりあげています。
テキストで一通り勉強した後の最後の確認に、要点の整理に、テストで出る場所の確認に、テスト直前の最終確認に本書をご利用ください。

本書においては下記、項目について、暗記ポイント、特徴をまとめています。


1.Format of the Corporate Income Tax Return
2.Deductions
3.Formation(1)
4.Formation(2)
5.Organization costs
6.Basis of common stock to shareholder
7.Estimated payments of corporate tax
8.Exceptions to the estimated tax penalty
9.Intercompany gains/losses
10. Gross Income differences　1
11. Gross Income differences　2
12.Dividend Received deductions(DRD)　1
13. Dividend Received deductions(DRD)　2
14.Qualified Production Activities Income
15.Domestic Production Activity Deduction (DPAD)
16.Bad debts
17.Business interest expense
18. Charitable Contributions
19.Purchased goodwill
20.Life insurance premiums (expense)
21.Taxes
22.Other Expenses
23.Capital gain and loss　1
24. Capital gain and loss　2
25. Net operating loss
26.Lobbying and political expenditures
27.Business/Casualty losses related to business
28.Section 1231,1245,1250 assets
29.Gain on sale of section 1245 property
30.Section 179 assets
31.MACRS- Accelerated Depreciation
32.MACRS depreciation rules for 1245 Property (machinery and equipment)
33.MACRS: 1250 Property (real estate :buildings, etc)
34.Depletion
35.Amortization
36.Corporate distributions - Cash　Dividends
37.Corporate distributions - Stock dividends
38.Corporate liquidation
39.Accumulated Earnings tax
40.Personal holding company tax