Details

Wiley Tax Preparer

A Guide to Form 1040
2. Aufl.

von: The Tax Institute at H&R Block
39,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	26.03.2013
ISBN/EAN:	9781118416082
Sprache:	englisch
Anzahl Seiten:	576

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Beschreibungen

Titelbeschreibung

Whether you’re already a tax preparer or you’re looking to become one, you need a firm grasp of the tax concepts on which individual taxation is based. We created the Wiley Tax Preparer as a refresher for the experienced tax preparer, and as a readable guide for the less-experienced tax preparer. This timely guide is an essential tax resource providing you with useful information on tax principles and filing requirements that a preparer must know to complete a 1040 series return and associated schedules. You’ll refer to it time and again, for information about: Practices and Procedures <ul> <li>Penalties to be assessed by the IRS against a preparer for disregard of the rules and regulations</li> <li>Furnishing a copy of a return to a taxpayer</li> <li>Safeguarding taxpayer information</li> </ul> Treatment of Income and Assets <ul> <li>Taxability of wages, salaries, tips, and other earnings</li> <li>Reporting requirements of Social Security benefits</li> <li>Determination of basis of assets</li> </ul> Deductions and Credits <ul> <li>Medical and dental expenses</li> <li>Types of interest and tax payments</li> <li>Child and dependent care credit</li> </ul> Other Taxes <ul> <li>Alternative Minimum Tax</li> <li>Self-Employment Tax</li> </ul> Preliminary Work and Collection of Taxpayer Data <ul> <li>Collecting a taxpayer’s filing information and determining their status</li> <li>Determine filing requirements, including extensions and amended returns</li> <li>Personal exemptions and dependents</li> </ul> Completion of the Filing Process <ul> <li>Check return for completeness and accuracy</li> <li>Tax withholding, payment and refund options, and estimated tax payments</li> <li>Explaining and reviewing the tax return</li> </ul> Ethics and Circular 230 <ul> <li>Preparer’s due diligence for accuracy of representations made to clients and the IRS</li> <li>Sanctions that may be imposed under Circular 230</li> <li>Rules governing authority to practice before the IRS</li> </ul> If you’re looking for a practical guide to the principles behind Form 1040, look no further. The Wiley Tax Preparer is the most accessible guide to understanding how complex tax laws affect individual taxpayers.

Inhaltsverzeichnis

Part 1 The Income Tax Return 1 Chapter 1 Filing Information 3 Chapter 2 Filing Status 13 Chapter 3 Personal and Dependency Exemptions 25 Part 2 Income and Assets 41 Chapter 4 Wages, Salaries, and Other Earnings 43 Chapter 5 Interest Income 57 Chapter 6 Dividends and Other Corporate Distributions 69 Chapter 7 Rental Income and Expenses 77 Chapter 8 Retirement Plans, Pensions, and Annuities 93 Chapter 9 Social Security and Equivalent Railroad Retirement Benefits 109 Chapter 10 Other Types of Income 119 Chapter 11 Self-Employment Activities 133 Chapter 12 Basis of Property 155 Chapter 13 Sale of Property 165 Chapter 14 Sale of Home 183 Chapter 15 IRA and HSA Contributions 193 Chapter 16 Education-Related Adjustments 203 Chapter 17 Business-Related Adjustments 211 Chapter 18 Alimony 223 Part 3 Deductions and Credits 231 Chapter 19 Standard and Itemized Deductions 233 Chapter 20 Medical and Dental Expenses 239 Chapter 21 Tax Payments 249 Chapter 22 Interest Payments 257 Chapter 23 Charitable Contributions 269 Chapter 24 Nonbusiness Casualty and Theft Losses 283 Chapter 25 Miscellaneous Itemized Deductions 295 Chapter 26 Employee Business Expenses 305 Chapter 27 Earned Income Credit 323 Chapter 28 Child and Dependent Care Credit 341 Chapter 29 Child Tax Credit 349 Chapter 30 Education Credits 355 Chapter 31 Other Tax Credits 363 Part 4 Other Taxes 377 Chapter 32 Figuring the Regular Tax 379 Chapter 33 The Alternative Minimum Tax 389 Chapter 34 The Kiddie Tax 399 Chapter 35 Other Taxes 409 Part 5 Completion of the Filing Process 423 Chapter 36 Tax Payments and Refund Options 425 Chapter 37 Completing and Filing the Return 439 Part 6 Practices and Procedures 449 Chapter 38 Preparer Responsibilities and Penalties 451 Part 7 Ethics and Circular 230 463 Chapter 39 Rules Governing Authority to Practice before the IRS 465 Chapter 40 Duties and Restrictions Relating to Practice before the IRS 471 Chapter 41 Sanctions for Violating Circular 230 483 Answers to Review Questions 493 Appendix: IRS Resources 537 Index 539

Autorenportrait

The Tax Institute at H&R Block is the company's independent research division, providing expert tax assistance and interpretation of tax law. The Tax Institute combines H&R Block's world-class training experience with the knowledge of the company's credentialed tax experts to create a unique resource based on extensive resources from nearly 60 years in business, 550 million tax returns prepared, and more than 100,000 tax professionals trained each year. For more information, visit www.hrblock.com/ why-hr-block/the-tax-institute.html

Back cover copy

<ul> <li>Review questions at the end of each chapter</li> <li>Key word definitions provided throughout</li> <li>Hundreds of examples bring the content to life</li> <li>Provides an in-depth understanding of IRS Form 1040</li> </ul> Taxes WILEY TAX PREPARER: A GUIDE TO FORM 1040 Whether you're already a tax preparer or you're looking to become one, you need a firm grasp of the tax concepts on which individual taxation is based. We created the Wiley Tax Preparer as a refresher for the experienced tax preparer and as a readable guide for the less experienced tax preparer. This timely guide is an essential tax resource providing you with useful information on the tax principles and filing requirements that a preparer must know to complete a 1040 series return and associated schedules. You'll refer to it time and again, for information about: Practices and Procedures <ul> <li> Penalties to be assessed by the IRS against a preparer for disregard of the rules and regulations</li> <li> Furnishing a copy of a return to a taxpayer</li> <li> Safeguarding taxpayer information</li> </ul> Treatment of Income and Assets <ul> <li> Taxability of wages, salaries, tips, and other earnings</li> <li> Reporting requirements of Social Security benefits</li> <li> Determination of basis of assets</li> </ul> Deductions and Credits <ul> <li> Medical and dental expenses</li> <li> Types of interest and tax payments</li> <li> Child and dependent care credit</li> </ul> Other Taxes <ul> <li> Alternative Minimum Tax</li> <li> Self-Employment Tax</li> </ul> Preliminary Work and Collection of Taxpayer Data <ul> <li> Collecting a taxpayer's filing information and determining their status</li> <li> Determine filing requirements, including extensions and amended returns</li> <li> Personal exemptions and dependents</li> </ul> Completion of the Filing Process <ul> <li> Check return for completeness and accuracy</li> <li> Tax withholding, payment and refund options, and estimated tax payments</li> <li> Explaining and reviewing the tax return</li> </ul> Ethics and Circular 230 <ul> <li> Preparer's due diligence for accuracy of representations made to clients and the IRS</li> <li> Sanctions that may be imposed under Circular 230</li> <li> Rules governing authority to practice before the IRS</li> </ul> If you're looking for a practical guide to the principles behind Form 1040, look no further. The Wiley Tax Preparer is the most accessible guide to understanding how complex tax laws affect individual taxpayers. THE TAX INSTITUTE AT H&R BLOCK is the company's independent research division, providing expert tax assistance and interpretation of tax law. The Tax Institute combines H&R Block's world-class training experience with the knowledge of the company's credentialed tax experts to create a unique resource based on extensive resources from nearly 60 years in business, 550 million tax returns prepared, and more than 100,000 tax professionals trained each year. For more information, visit www.hrblock.com/ why-hr-block/the-tax-institute.html