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USCPA模拟题:REG科目选择题练习及解析(二十九)

美国注册会计师USCPA备考学习,每天分配出一点时间,专门处理需要记忆背诵性的工作比较多的科目,例如REG科目的美国税,记忆不要求多,但求记对记熟。然后隔天专门抽一点时间进行自查,这样持续下去,识记类的内容肯定会印象比较深刻。对于需要理解的题材,考生要有一个自我的计划,这个计划可以是长期,也可以是相对短期的。
今天为你准备的免费模拟题练习是关于REG科目的。

1. Lyon, a cash basis taxpayer, died on January 15, Year 50. The estate executor made the required periodic distribution of $9,000 from estate income to Lyon's sole heir. The following pertains to the estate's income and disbursements in Year 50:
◊ Estate Income $20,000;
◊ Taxable interest 10,000;
◊ Net long-term capital gains allocable to corpus Estate Disbursements $5,000;
Administrative expenses attributable to taxable income Lyon's executor does not intend to file an extension request for the estate fiduciary income tax return. By what date must the executor file the Form 1041, U.S. Fiduciary Income Tax Return, for the estate's Year 50 calendar year?
a. Friday, September 15, Year 51.
b. Thursday, June 15, Year 51.
c. Monday, April 15, Year 51.
d. Wednesday, March 15, Year 51.

2.Bell, a cash basis calendar year taxpayer, died on June 1 of the current year. Prior to her death, Bell incurred $2,000 in medical expenses that were paid in the current year. If the executor files the appropriate waiver, the medical expenses are deductible on:
a. The executor's income tax return.
b. The estate income tax return.
c. The estate tax return.
d. Bell's final income tax return.

3.If the executor of a decedent's estate elects the alternate valuation date and none of the property included in the gross estate has been sold or distributed, the estate assets must be valued as of how many months after the decedent's death?
a. 3
b. 6
c. 9
d. 12

答案及解析如下:

1.Lyon, a cash basis taxpayer, died on January 15, Year 50. The estate executor made the required periodic distribution of $9,000 from estate income to Lyon's sole heir. The following pertains to the estate's income and disbursements in Year 50:
Estate Income $20,000
Taxable interest 10,000
Net long-term capital gains allocable to corpus Estate Disbursements $5,000
Administrative expenses attributable to taxable income ,Lyon's executor does not intend to file an extension request for the estate fiduciary income tax return. By what date must the executor file the Form 1041, U.S. Fiduciary Income Tax Return, for the estate's Year 50 calendar year?
a. Friday, September 15, Year 51.
b. Thursday, June 15, Year 51.
c. Monday, April 15, Year 51.
d. Wednesday, March 15, Year 51.
Explanation
Choice "c" is correct.
Rule: Form 1041 is due on the 15th day of the fourth month after the close of its taxable year. Lyon's calendar Year 50 return would be due on April 15, Year 51.
Choices "d", "b", and "a" are incorrect, per the above rule.

2. Bell, a cash basis calendar year taxpayer, died on June 1 of the current year. Prior to her death, Bell incurred $2,000 in medical expenses that were paid in the current year. If the executor files the appropriate waiver, the medical expenses are deductible on:
a. The executor's income tax return.
b. The estate income tax return.
c. The estate tax return.
d. Bell's final income tax return.
Explanation
Choice "d" is correct. If the proper waiver is filed, medical expenses paid for the decedent by her executor within one year of her death can be deducted on the decedent's final income tax return.
Choice "c" is incorrect. The expenses would normally be deducted on the estate tax return (if applicable), but under these facts the executor has made a proper election to deduct the expenses on the decedent's final income tax return. The expenses cannot be deducted both places.
Choice "b" is incorrect. The estate does not get a deduction for medical expenses on its income tax return.
Choice "a" is incorrect. The executor cannot deduct the decedent's medical expenses on his own income tax return. Although the executor paid them, he did so in a representative capacity on the decedent's behalf.

3.If the executor of a decedent's estate elects the alternate valuation date and none of the property included in the gross estate has been sold or distributed, the estate assets must be valued as of how many months after the decedent's death?
a. 3
b. 6
c. 9
d. 12
Explanation
Choice "b" is correct.
Rule: The alternate valuation date is the earlier of the date of distribution or six months after the date of death.
Choices "d", "c", and "a" are incorrect, per the above rule.
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