Tab Tax 1: Table and EIC Table
Tax Table, EIC Table
Tab 2: States Quick Reference
Tab 3: Quick Facts, Worksheets, Where to File
Quick Facts Data Sheet, Business Use of Home Worksheet, Capital Loss Carryover Worksheet, Child Tax Credit Worksheet, Donations-Noncash, Donated Goods Valuation Guide, Donation Substantiation Guide, Earned Income Credit (EIC) Worksheet, Forms 1098 and 1099-Where to Report, Itemized Deductions Worksheet, Net Operating Loss Worksheet #1, Net Operating Loss Worksheet #2-Computation of NOL, Net Operating Loss Worksheet #3-NOL Carryback/Carryover, State and Local General Sales Tax Deduction Worksheet, State and Local Sales Tax-Optional Tables, Social Security Benefits Worksheet, Where to File Form 1040, Where to File Form 1040-ES, Where to File Form 4868 Return
Tab 4: Form 1040-Line-By-Line
Line-By-Line Quick Reference to Form 1040, Taxable and Nontaxable Income, Who Must File a Return, Who Qualifies as a Dependent-Step-By-Step, Other Filing Requirements, Children and Other Dependents-Filing Requirements, Determining Filing Status, Form W-2, Box 12 Codes, Filing Status, Exemptions, Dependents, Income, Adjustments to Income, Taxes and Credits, Other Taxes, Payments, Refund/Amount Owned, Signatures and Designees, Assembling the Return, Tax Computation Worksheet, IRS Publications-Individual Tax
Tab 5: Schedule A-Itemized Deductions and Schedule B-Interest and Dividends
Schedule A Topics, Medical Deductions, Taxes, Interest Expense, Interest Tracing, Investment Interest Expense, Interest-Mortgages, Points-Mortgages, Other Mortgage Interest Deduction Rules, Charitable Contributions, Casualty and Theft Losses, Miscellaneous Itemized Deductions, Job Costs, Education Costs, Investment Expenses, Legal Fees, Schedule B Topics, Interest Income, Dividends, Imputed Interest Rules, U.S. Government Bonds, Other Bonds
Tab 6: Schedules C, F and SE
Schedule C-Principal Business or Professional Activity Codes, Schedule C-Profit/Loss From Business, Business Use of Home, Daycare Providers, Business vs. Hobby Losses, Independent Contractors, Purchasing a Business, Net Operating Loss (NOL), Schedule SE-Self-Employment Tax, Schedule F-Profit/Loss From Farming, Domestic Producer Deduction (DPD)
Tab 7: Sales and Exchanges
Real Estate Comparison Chart, Settlement Costs on Sale or Purchase of Real Estate, Schedule D-General Rules, Stocks/Investments, Bad Debts, Sales of Business Property, Involuntary Conversions, Installment Sales, Mutual Funds, Employee Stock Options, Home Ownership, Sale of Residence, Residence Gain Exclusion Rules, Reduced Exclusion Rules, Business or Rental Use of Home, Foreclosures, Like-Kind Exchanges
Tab 8: Schedule E, Passive Activities, At-Risk
Rents and Royalties, Renting Out a Home, Partners and S Corporation Shareholders, Passive Activities, Special Rules for Rental Activities, At-Risk Rules, Comprehensive Example-At Risk, Partner Codes for Schedule K-1, Shareholder Codes for Schedule K-1
Tab 9: Form 2106, Meals and Entertainment
Employee Business Expenses, Meals and Entertainment, Business Gifts, Travel, Substantiation Requirements, Above-the-Line Deduction for Certain Employees, Per Diem Rates, High-Cost Localities/High-Low Method, Meals and Incidental Expenses Per Diem Rates
Tab 10: Depreciation and Amortization
Depreciation Rules, Alternative Minimum Tax Adjustments, Alternative Depreciation System, Section 179 Deduction, Section 179 Recapture Rules, Short Tax Year-MACRS, General Asset Account (GAA) Depreciation, Expensing Policy, Allowed or Allowable Depreciation, Change of Use of MACRS Property, Dispositions-MACRS Property, Depreciation Recapture, Like-Kind Exchanges-Depreciation Recapture, Computer Software, Leasehold Improvements, Correcting Depreciation Errors, Contributed Property, Intangible Assets-Amortization Rules, Depletion, Depreciation Schedule
Tab 11: Autos and Listed Property
Business Automobile Expenses, Depreciating Autos, Maximizing Vehicle Section 179 Expense, Depreciation After Recovery Period Ends, Depreciation Recapture, Basis-Autos, Auto Trade-In Rules, Selling a Business Auto, Hybrid Vehicle Tax Credit, Commuting Expenses, Autos-Documenting Business Use, Employer-Provided Vehicles, Listed Property, Leased Autos
Tab 12: Tax Credits, AMT and Special Taxpayers
Personal Tax Credit Summary, General Business Tax Credits, Child Tax Credits, Child and Dependent Care Credit, Earned Income Credit, Adoption Expenses Credit or Exclusion, Education Tax Credits, Residential Energy Tax Credits, Foreign Tax Credit, Retirement Saver-s Credit, Health Coverage Tax Credit, Alternative Minimum Tax (AMT), Minimum Tax Credit, Household Employers, Ministers/Clergy, Military Personnel, Community Property, U.S. Taxpayers Working Abroad, Non-U.S. Citizens, Oil and Gas Working Interest Owners
Tab 13: Children, Education and Divorce
Kiddie Tax, Foster Parents, Family Income Shifting, Family Loans, Custodial Accounts, Education Savings Accounts, Student Loan Interest, Qualified Tuition Programs, Scholarships and Fellowships, Savings Bonds for College Tuition, Tuition and Fees Deduction, Divorce, Alimony
Tab 14: Retirement and Social Security
IRA Chart, Employer and Self-Employed Retirement Plan Char, Exceptions to 10% Withdrawal Penalty Before Age 591/2, Traditional IRAs, Deducting IRA Contributions, Roth IRAs, Roth IRA Conversions, Rollovers and Transfers, Withdrawals and Distributions, Required Minimum Distributions (RMDs), Penalty Taxes, IRAs at Death, Simplified Employee Pensions (SEPs), Contribution Limits for the Self-Employed, SIMPLE IRA Plans, Qualified Retirement Plans, One-Person 401(k) Plans, Losses from IRAs, Pensions and Annuities, Qualified Annuities-Nontaxable Return of Contributions, Lump-Sum Distributions, Railroad Retirement
Tab 15: Reference Material and Worksheets
Where to File: Business Returns, Principal Business Activity Codes, Business Quick Facts Data Sheet, Guide to Information Returns, Transferor-s Section 351 Statement, Start-Up Expenses Election, Partnership Organizational Expense Election, Corporation Organizational Expense Election, S Corporation Shareholder-s Adjusted Basis Worksheet, Partner-s Adjusted Basis Worksheet, Cash Flow Statement, Tax Organizer for Partnership, Corporation,LLC and LLP Returns, Business Valuation Worksheet, Estate Inventory Worksheet, Reconciliation of Income Reported on Final Form 1040 and Estate-s Fiduciary Return (or Beneficiary-s Return), Allocation of Indirect Costs to Ending Inventory Under Section 263A
Tab 16: Partnerships
Basics of Partnerships, Partnership Income and Expense Chart, Partnership Income and Expenses, Basis, Built-In Gain or Loss, Partnership Distributions, Nonrecourse Loans, Partnership Example, Partner Codes for Schedule K-1, Form 1065
Tab 17: Corporations
Basics of Corporations, Capital Contributions, Stock, Section 1244 Stock Losses, Small Business Stock, Distributions, Earnings and Profits (E&P), Accumulated Earnings Tax, Corporate Income and Expenses, Corporate AMT, Miscellaneous, Corporation Example
Tab 18: S Corporations
Basics of S Corporations, S Corporation Taxes, Reasonable Wages, Shareholder-s Basis, Distributions, S Corporation Example, S Corporation Shareholder Codes for Schedule K-1, Form 1120S
Tab 19: Tax Exempt Organizations
Basics of Tax-Exempt Organizations, Form 990 or 990-EZ, Contributions to Tax-Exempt Organizations, Unrelated Business Income Tax (Form 990-T), Private Foundations, Becoming an Exempt Organization, Comprehensive Example, Form 990 Instructions
Tab 20: LLC-s and Other Business Entities
Limited Liability Company (LLC), Limited Liability Partnership (LLP), Limited Partnership, Personal Service Corporation (PSC), Homeowners- Associations
Personal Holding Company (PHC)
Tab 21: Fiduciary Tax Returns (Form 1041)
Fiduciary Return Facts, Trust Terminology, Overview of Trust and Estate Taxation, Grantor Trusts, Grantor Trusts-Tax Returns and Reporting Requirements, Simple Trust-Detailed Example, Complex Trust-Detailed Example, Form 1041, Schedule K-1 Codes
Tab 22: Estate and Gift Tax Returns
Death of a Taxpayer, Taxable Income in the Year of Death, Final Form 1040, Gift Tax Return (Form 709), Gift Tax Example, Estate and Gift Tax, Generation-Skipping Transfer (GST) Tax, Estate Tax Return (Form 706), Basis in Property, Valuing Property, Estate-Comprehensive Example
Tab 23: Payroll Tax Returns
Payroll Tax Deposit Requirements, Electronic Federal Tax Payment System, Withholding Federal Income Tax, Withholding Methods and Examples, FICA and FUTA Wage Base, New Hire Reporting, Employer-s Quarterly Federal Tax Return, Employer-s Annual Federal Tax Return, Annual Return of Withheld Federal Income Tax, Employer-s Federal Unemployment Tax Return, Household Employees -Nanny Tax-, Nonemployee Compensation, Nonqualified Deferred Compensation, Special Classes of Employment, Student Employment, Sickness and Disability Payments, Forms W-2 and W-3, Trust Fund Recovery Penalty, Disregarded Entity Employment Taxes, Employee vs. Independent Contractor, Employee Termination Payments, Fringe Benefits, Gross-Up Computation, Other Payroll Tax Issues
Tab 24: Deductions, Credits and Books vs. Tax
Business Tax Deductions, U.S. Production Deduction, Tax Credits, Energy Tax Incentives for Businesses, Net Income per Books vs. Taxable Income
Tab 25: New Law
Tax Legislation Enacted This Year
Tab 26: Tax Survey
Tax Database and Statistics
Index
Easy-to-use Topical Index
