Deftly navigate income taxes and tax preparation
J.K. Lasser's Your Income Tax: Professional Edition, 2017 offers individual taxpayers and tax professionals the latest, most up to date tax information. Completely annotated, this authoritative text guides you toward the case law, IRS code sections, and regulations that support the content, which is presented in an approachable yet comprehensive manner. Additionally, this best-selling resource delivers tax-saving advice for maximizing deductions and sheltering income. Through hundreds of examples, you explore how to apply tax laws to individual tax payers, allowing you to create effective tax strategies that align with regulations. Finally, special features throughout the content call your attention to important concepts, such as icons that highlight new tax laws, IRS rulings, court decisions, filing pointers, and planning strategies.
Taxes are extremely complicated. Whether you are a professional or an individual taxpayer, it is critical that you understand how to get the highest return possible when filing either your taxes or those of your client.
* Leverage revised content that features the most updated tax code information
* Easily find the information you are looking for with special features that call your attention to key concepts
* Protect your assets with tax-saving advice on deduction, income sheltering, and more
* Dive into extended guidance that offers annotated insight into IRS code sections, regulations, and case law
J.K. Lasser's Your Income Tax: Professional Edition, 2017 is an updated, annotated version of a classic reference that has guided tax payers through the complexities of the income tax landscape for over 65 years.
Reihe
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 28.7 cm
Breite: 21.5 cm
Dicke: 5.8 cm
Gewicht
ISBN-13
978-1-119-24823-1 (9781119248231)
Schweitzer Klassifikation
What's New for 2016 xxv
Key Tax Numbers for 2016 xxix
FILING BASICS 1
Do You Have to File a 2016 Tax Return? 3
Filing Tests for Dependents: 2016 Returns 4
Where to File Your 2016 Return 5
Filing Deadlines (on or before) 6
Which Tax Form Should You File? 8
Filing Status 9
REPORTING YOUR INCOME 33
Wages, Salary, and Other Compensation 35
Fringe Benefits 52
Dividend and Interest Income 74
Reporting Property Sales 100
Tax-Free Exchanges of Property 145
Retirement and Annuity Income 160
IRAs 195
Income From Real Estate Rentals and Royalties 241
Loss Restrictions: Passive Activities and At-Risk Limits 258
Other Income 286
CLAIMING DEDUCTIONS 309
Deductions Allowed in Figuring Adjusted Gross Income 311
Claiming the Standard Deduction or Itemized Deductions 320
Charitable Contribution Deductions 328
Itemized Deduction for Interest Expenses 352
Deductions for Taxes 369
Medical and Dental Expense Deductions 376
Casualty and Theft Losses and Involuntary Conversions 394
Deducting Job Costs and Other Miscellaneous Expenses 419
Travel and Entertainment Expense Deductions 433
Personal Exemptions 459
PERSONAL TAX COMPUTATIONS 473
Figuring Your Regular Income Tax Liability 475
Alternative Minimum Tax (AMT) 479
Computing the "Kiddie Tax" on Your Child's Investment Income 487
Personal Tax Credits Reduce Your Tax Liability 493
Tax Withholdings 514
Estimated Tax Payments 521
Additional Medicare Tax and Net Investment Income Tax 527
TAX PLANNING 533
Tax Savings for Residence Sales 535
Tax Rules for Investors in Securities 550
Tax Savings for Investors in Real Estate 566
Tax Rules for Investors in Mutual Funds 579
Educational Tax Benefits 588
Special Tax Rules for Senior Citizens and the Disabled 606
Members of the Armed Forces 617
How To Treat Foreign Earned Income 624
Planning Alimony and Marital Settlements 635
Other Taxes 642
Gift and Estate Tax Planning Basics 650
BUSINESS TAX PLANNING 659
Income or Loss From Your Business or Profession 661
Retirement and Medical Plans for Self-Employed 689
Claiming Depreciation Deductions 699
Deducting Car and Truck Expenses 716
Sales of Business Property 730
Figuring Self-Employment Tax 737
FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE 745
Filing Your Return 747
Filing Refund Claims, and Amended Returns 755
If the IRS Examines Your Return 759
2016 SAMPLE TAX FORMS 771
TAX LAW AUTHORITIES 805
CITATIONS OF AUTHORITY 811
PRACTICE BEFORE THE IRS 933
GLOSSARY 969
INDEX 975
