J.K. Lasser's Your Income Tax 2007For Preparing Your 2006 Tax Return
J.K. Lasser, Band 72 13. Aufl.
Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2007 is the nation’s all-time top-selling tax guide. It’s filled with expert advice and guidance—including over 2,500 easy-to-follow tax tips and strategies—that will help you plan and file your 2006 tax return in the most efficient way possible.
Form 1040 with references to Your Income Tax 2007. Form 1040 with references to Your Income Tax 2007. What’s New for 2006. Key Tax Numbers for 2006. Looking Ahead to Tax Changes for Years After 2006. FILING BASICS. Do You Have To File a 2006 Tax Return? Filing Tests for Dependents: 2006 Returns. Where To File. Key to Service Center Map. Filing Deadlines (on or Before). Choosing Which Tax Form to File. 1 Filing Status. REPORTING YOUR INCOME. 2 Taxable Wages, Salary, and Other Compensation. 3 Fringe Benefits. 4 Dividend and Interest Income. 5 Reporting Property Sales. 6 Tax-Free Exchanges of Property. 7 Retirement and Annuity Income. 8 IRAs. 9 Income From Rents and Royalties. 10 Loss Restrictions: Passive Activities and At-Risk Limits. 11 Other Income. CLAIMING DEDUCTIONS. 13 Claiming the Standard Deduction or Itemized Deductions. 14 Charitable Contribution Deductions. 15 Itemized Deduction for Interest Expenses. 16 Deductions for Taxes. 17 Medical and Dental Expense Deductions. 18 Casualty and Theft Losses and Involuntary Conversions. 19 Deducting Job Costs and Other Miscellaneous Expenses. 20 Travel and Entertainment Expense Deductions. 21 Personal Exemptions. PERSONAL TAX COMPUTATIONS. 22 Figuring Your Regular Income Tax Liability. 23 Alternative Minimum Tax (AMT). 24 Computing the “Kiddie Tax” for Children Under Age 18. 25 Personal Tax Credits Reduce Your Tax Liability. 26 Tax Withholdings. 27 Estimated Tax Payments. TAX PLANNING. 28 Tax Planning Overview. 29 Tax Savings for Residence Sales. 30 Tax Savings for Investors in Securities. 31 Tax Savings for Investors in Real Estate. 32 Tax Pointers for Investors in Mutual Funds. 33 Educational Tax Benefits. 34 Special Tax Rules for Senior Citizens. 35 Members of the Armed Forces. 36 How To Treat Foreign Earned Income. 37 Planning Alimony and Marital Settlements. 38 Household Employment Taxes (“Nanny Tax”). 39 Gift and Estate Tax Planning. BUSINESS TAX PLANNING. 40 Income or Loss From Your Business or Profession. 41 Retirement Plans for Self-Employed. 42 Claiming Depreciation Deductions. 43 Deducting Car and Truck Expenses. 44 Sales of Business Property. 45 Figuring Self-Employment Tax. FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE. 46 Filing Your Return. 47 Filing Refund Claims, and Amended Returns. 48 If the IRS Examines Your Return. SAMPLE 2006 TAX FORMS AND TABLES. GLOSSARY. INDEX.
J.K. Lasser Institute has been the premier publisher of consumer tax guides since 1939, when Jacob Kay Lasser first published Your Income Tax. Since then, the guide has been published continuously for over sixty years and read by over 39,000,000 people. The J.K. Lasser Institute also publishes several personal finance books, including Small Business Taxes, Home Owner’s Tax Breaks, 1001 Deductions and Tax Breaks, Year-Round Tax Planning, and more. J.K. Lasser Institute spokespeople are regularly sought after as media tax experts. They regularly appear on such broadcast programs as CNBC, CNN, and Bloomberg TV. They are also often featured in numerous periodicals, including The Wall Street Journal, USA Today, Self Magazine, The New York Times, Newsweek and Reader's Digest.
Basics of Filing (Chap. 1) including: Which form to file – Chap. 1 Filing as Head of Household – Chap. 1 Filing for your children – Chap. 1 Filing for married couples – Chap. 1 What Must You Report as Income? (Chaps. 2–11) including: Fringe Benefits – Chap. 3 Capital gains & losses – Chap. 5 Traditional & Roth IRAs – Chap. 8 Rental Income – Chap. 9 What Deductions Can You Claim? (Chaps. 12–21) including: Moving expenses – Chap. 12 Casualty Loss – Chap. 18 Charitable deductions – Chap. 14 Who is a dependent? – Chap. 21 How Much Tax Do You Owe? (Chaps. 22–27)including: The AMT – Chap. 23 Your child's tax – Chap. 24 Personal tax credits – Chap. 25 Estimated taxes – Chap. 27 Strategies to Save You Taxes (Chaps. 28–39) including: Tax-free residence sales – Chap. 29 Investing in securities – Chap. 30 Armed forces rules – Chap. 35 Tax credits for education – Chap. 33 Planning Ideas for Your Business (Chaps. 40–45) including: Home office deduction – Chap. 40 Keogh, Simple, or SEP – Chap. 41 Auto expenses – Chap. 43 Self-employment tax – Chap. 45 Now That You're Done (Chaps. 46–49) including: Electronic filing – Chap. 46 Filing extensions – Chap. 46 IRS Audits – Chap. 48 Amended returns – Chap. 47 The Most Trusted Name in Tax For over 70 years, more than 39 million Americans have trusted J.K. Lasser to help them save money at tax time Now with USABLE FORMS ONLINE FREE ONLINE BONUSESAND TAX PREP GUIDANCE FOR ALL YOUR TAX NEEDS COVERS ALL 2006 TAX LAW CHANGES Easy-to-Use Format Explains Complex Tax Laws FILING TIPS and FILING INSTRUCTIONShelp you prepare your 2006 return PLANNING REMINDERS highlight year-end tax strategies for 2006 and planning opportunities for 2007 and later years CAUTIONS point out potential pitfalls toavoid and areas where you might expectIRS opposition LAW ALERTS indicate recent changes in the tax law and pending legislation before Congress COURT DECISIONS highlight key rulings from the Tax Court and other federal courts IRS ALERTS highlight key rulings andannouncements from the IRS www.jklasser.com