Income Taxation Essentials

Name: Income Taxation Essentials
Brand: Research & Education Association
Price: 8.49 EUR
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Mark A. Segal(Autor*in)

Research & Education Association (Verlag)

Erschienen am 1. Januar 2013

164 Seiten

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978-0-7386-7168-0 (ISBN)

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Inhalt

Intro
These "Little Books" have rescued lots of grades and more!
Title Page
Copyright Page
WHAT "THE ESSENTIALS" WILL DO FOR YOU
Table of Contents
CHAPTER 1 - BASIC PRINCIPLES
1.1 What is a Tax?
1.2 Other Functions of Federal Taxation
1.3 Sources of the Tax Law
1.4 Role of the IRS
1.5 How a Tax Bill Becomes Law
1.6 Steps in Computing Individual Income Tax
1.7 Tax Schematic
CHAPTER 2 - FILING STATUS AND EXEMPTIONS
2.1 The Importance of Filing Status
2.2 Types of Filing Status
2.3 Who Must File a Return
2.4 Personal Exemptions
2.5 Dependency Exemptions
2.6 Types of Returns
2.7 Filing
2.8 Extensions
CHAPTER 3 - EXCLUSIONS FROM GROSS INCOME
3.1 Definition of Exclusions
3.2 Gifts and Inheritance
3.3 Scholarships
3.4 Damages
3.5 Life Insurance
3.6 Special Insurance Plans and Benefits
3.7 Social Security Benefits
3.8 Employee Fringe Benefits
3.9 Tax Exempt Interest
3.10 Annuities
3.10.1 Lifetime Annuities
3.10.2 Three-Year Rule
3.11 Foreign Earned Income
CHAPTER 4 - INCLUSIONS IN GROSS INCOME
4.1 Definition of Inclusion
4.2 Compensation
4.3 Interest
4.4 Rent
4.5 Prizes and Awards
4.6 Forgiveness of Debt
4.7 Illegal Income
4.8 Gambling Income
4.9 Unemployment Compensation
4.10 Tax Benefit Rule
4.11 Typical Corporate Distributions
CHAPTER 5 - GAINS AND LOSSES
5.1 What is a Gain or Loss?
5.2 Realized Gain or Loss
5.3 Recognition of Gain or Loss
5.4 The Fundamental Formula and Its Terms
5.5 Adjustments to Basis
5.6 Purchase of Property
5.7 Property Received as Compensation
5.8 Property Received Incident to Divorce or Separation
5.9 Property Received as a Gift
5.10 Inheritance
5.11 Joint Tenancy with Rights of Survivorship
5.12 Taxable Exchange
5.13 First-In-First-Out
5.14 Intellectual Property and Self-Constructed Assets
CHAPTER 6 - NONRECOGNITION
6.1 The Nontaxable Exchange
6.2 The Like-Kind Exchange
6.3 Involuntary Conversions
6.4 Age 55 or Older Exclusion
6.5 Rollover of Principal Residence
CHAPTER 7 - CAPITAL GAINS AND LOSSES
7.1 Treatment of Capital Gains and Losses
7.2 Capital Assets: What are They?
7.3 Holding Period
7.4 Determination of Holding Period
7.5 Netting
7.6 Section 1231 Property: What is It?
7.7 The Section 1231 Netting Process
7.8 Insight into Recapture
7.9 Special Characterization Rules
CHAPTER 8 - DEDUCTIONS TOWARD ADJUSTED GROSS INCOME
8.1 Deductions toward and from Adjusted Gross Income
8.2 Alimony
8.3 Penalties on Premature Withdrawal of Time Bearing Deposits
8.4 Losses on Dispositions of Property
8.5 Individual Retirement Account Contributions
8.6 Health Insurance Premiums
8.7 Self-Employment Taxes
8.8 Deductible Expenses of the Sole Proprietor or Self-Employed Person
8.9 Clarification of Certain Expenses
8.10 Expenses Related to the Production of Rental or Royalty Income
8.11 Reimbursed Employee Business Expenses
CHAPTER 9 - ITEMIZED DEDUCTIONS
9.1 Itemized Deductions
9.2 Medical Expenses
9.3 Charitable Contributions
9.4 Interest
9.5 Taxes
9.6 Moving Expenses
9.7 Tier Two Itemized Deductions
CHAPTER 10 - DEPRECIATION, AMORTIZATION, AND DEPLETION
10.1 Depreciation
10.2 Accelerated Cost Recovery System
10.3 ACRS "Section 179" Expense
10.4 Modified Accelerated Cost Recovery System (MACRS)
10.5 Personal Property Under MACRS
10.6 Real Estate Under MACRS
10.7 Section 179 Under MACRS
10.8 Amortization
10.9 Depletion
CHAPTER 11 - SPECIAL LOSS RULES
11.1 Losses
11.2 Casualty and Theft Losses
11.3 Related Party Transactions
11.4 Gambling Losses
11.5 Worthless Stocks and Bonds
11.6 Sham Sales
11.7 Wash Sales
11.8 Hobby Losses
11.9 Converted Property
11.10 Net Operating Losses
CHAPTER 12 - CREDITS
12.1 What is a Credit?
12.2 Earned Income Credit
12.3 Credit for the Elderly or Permanently Disabled
12.4 Child Care and Disabled Dependent Credit
12.5 Low-Income-Housing Credit
12.6 Rehabilitation Credit
12.7 Recapture of Credits
CHAPTER 13 - ALTERNATIVE MINIMUM TAX
13.1 What is the Alternative Minimum Tax (AMT)?
13.2 Structure of the Computation
13.3 Adjustments
13.4 Preferences
CHAPTER 14 - TAX ACCOUNTING
14.1 The Annual Accounting Period Concept-What is It?
14.2 The Tax Year
14.3 Methods of Accounting
14.4 Cash Method
14.5 Accrual Accounting
14.6 Special Rules
14.7 Installment Sale
14.8 At Risk Rules
14.9 Passive Activity Loss Limitation Rules
14.10 Inventory
CHAPTER 15 - RECENT CHANGES IN THE INCOME TAX LAW
15.1 Inflation Adjustments
15.2 Donations of Appreciated Property
15.3 Determining the Non-Taxable Portion of Each Payment from a Retirement Plan Distribution
15.4 Kiddie Tax
15.5 Changes in Computation of the Alternative Minimum Tax
15.6 Social Security Changes
15.7 Cosmetic Surgery
15.8 Personal Interest Payments
15.9 Investment Interest is now Deductible only to the Extent of Investment Income
15.10 Passive Losses are Deductible only to the Extent of Passive Income
15.11 Deduction of Tax Preparation Fees for Sole Proprietors, Farmers, and Landlords
15.12 Schedule C-EZ
15.13 Extended Tax Tables
15.14 Revised Withholding Tables for Employers
15.15 Exclusion for Employer-Provided Education Assistance
15.16 Work Opportunity Credit for Employers of Targeted Groups
15.17 Low-Income Housing Credit
15.18 Amortization of Goodwill or Going-Concern Value
15.19 Safe Harbor for People Underpaying their Estimated Taxes
15.20 Revision of Rules for Tip Income
15.21 Business Expense Deductions are Changed
15.22 Debt Discharge Income Exclusion
15.23 Depreciation of Nonresidential Real Property
15.24 Presidential Election Campaign Fund
15.25 Publicly Traded Securities
15.26 Capital Gains
15.27 Accuracy-Related Penalties
15.28 Reporting Discharge of Indebtedness
15.29 Installment Payments
15.30 Exclusion of Interest on EE Bonds
15.31 Real Estate Professionals
15.32 Charitable Contributions
15.33 Moving Expenses
15.34 Club Dues
15.35 Social Security Benefits
15.36 Empowerment Zones
15.37 Indian Reservations
15.38 Health Insurance for Self-Employed People
15.39 Earned Income Credit Changes
15.40 Household Employees
15.41 Electronic Filing
15.42 Social Security Benefits for Nonresident Aliens are now Increased
15.43 State Tuition Programs
15.44 Death Benefit Exclusion Repealed
15.45 Personal Injury Damages
15.46 Employer-Provided Education
15.47 Contributions of Stock to Private Foundations
15.48 Work Opportunity Credit Replaces Targeted Jobs Credit
15.49 FUTA Tax
CHAPTER 16 - MORE RECENT CHANGES
16.1 Section 179 Deductions
16.2 New Holding Period
16.3 Rules for Gain on Sale of Main Home
16.4 Adoption Credit
16.5 Long-Term Health Care Insurance
16.6 Retirement Changes
16.7 Medical Savings Accounts
16.8 Accelerated Death Benefits
16.9 Section 179 Expense Deduction
16.10 Health Insurance for Self-Employed People
16.11 Cancellation (Forgiveness) of Student Loans
16.12 Orphan Drug Credit
16.13 Public Officers Killed in the Line of Duty
16.14 Sale of Livestock Due to Weather-Related Conditions
16.15 Clean Fuel Vehicles Deduction
16.16 Credit for Washington, D.C., First-Time Home Buyers
16.17 Burden of Proof
16.18 Innocent Spouse
16.19 Disabled Taxpayers
16.20 Denial of Refund
16.21 Third-Party Contacts
16.22 No Financial Status Audit
16.23 Selection for an Audit
16.24 Privileged Communications
16.25 Interest Paid and Charged
16.26 Disaster Areas
16.27 Interest and Penalties
16.28 Collections
16.29 Offers of Compromise
16.30 Debt Collection Practices
16.31 Capital Gains
16.32 Child Tax Credit
16.33 Hope Credit
16.34 Lifetime Learning Credit
16.35 Education Individual Retirement Accounts
16.36 Deduction for Student Loan Interest
16.37 Roth Individual Retirement Accounts
16.38 Penalty-Free I.R.A. Distributions
16.39 Employer-Sponsored Retirement Plans
16.40 Net Operating Losses
16.41 Welfare to Work Credit
16.42 Increased Meal Deduction for Transportation Workers
16.43 Income Averaging for Farmers
16.44 Adjusted Gross Income for Earned Income Credit Purposes
16.45 Foreign Earned Income Exclusion
16.46 Increased Standard Deduction for Dependents
16.47 Rural Mail Carriers
16.48 Home Office Deduction
These "little Books" have rescued lots of grades and more!

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