本書は米国公認会計士( USCPA )の一科目である税法のうちS Corporation およびPartnershipに関して、試験対策上暗記必須の30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。
S Corporation
1. Eligible S Corporation Shareholders
2.Taxaation
3.Election＆Calendar
4.Ineligible status for S corporation
5.S Corporation’s similarity to C Corporation
6.S Corporation’s similarity to partnership
7.Separately Stated Items
8.Loss limitation to shareholders
9.Computing shareholder basis in S corporation stock
10.Taxability of distributions to shareholders with no C Corporation’s E&P
11.Taxability of distributions to shareholders with C Corporation’s E&P
13.Reregistration
Partnership Taxation
14.Formation
15.Initial basis of contributing partners interest
16.Holding period
17.Type of asset
18.Built in gain/ loss
19.Partner basis formula
20.Termination
21.Transactions between the partner and the Partnership
22.Tax losses limitation
23.At risk
24.Guaranteed Payments
25.Organizational expenditures and start-up costs
26.Non-liquidating distributions
27.Sale of Partnership interest (liquidation)
28.Retirement or death of partner
29.Dividend received deductions(DRD)
30. Formula for the average daily basis