| Preface |
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viii | |
| How to Use This Text |
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The Individual Income Tax Return |
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History and Objectives of the Tax System |
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1 | (2) |
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Reporting and Taxable Entities |
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3 | (4) |
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The Tax Formula for Individuals |
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7 | (2) |
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Who Must File and Where to File |
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9 | (2) |
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Filing Status and Tax Computation |
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11 | (3) |
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Personal and Dependency Exemptions |
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14 | (5) |
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19 | (2) |
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Limitation on Total Itemized Deductions |
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21 | (1) |
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22 | (2) |
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Tax and the Internet (Optional Topic) |
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24 | |
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26 | |
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Gross Income and Exclusions |
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The Nature of Gross Income |
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1 | (3) |
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Interest and Dividend Income |
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4 | (2) |
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6 | (5) |
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11 | (1) |
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12 | (3) |
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15 | (1) |
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16 | (1) |
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17 | (1) |
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Accident and Health Insurance |
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18 | (1) |
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18 | (1) |
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19 | (1) |
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20 | (2) |
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Unemployment Compensation |
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22 | (1) |
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22 | |
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24 | |
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Business Expenses and Retirement Plans |
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Rental Income and Expenses |
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1 | (6) |
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7 | (1) |
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8 | (3) |
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11 | (2) |
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13 | (2) |
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Individual Retirement Accounts |
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15 | (5) |
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20 | (1) |
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Qualified Retirement Plans Including Section 401(k) Plans |
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21 | (2) |
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23 | (2) |
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25 | |
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27 | |
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Self-Employed and Employee Expenses |
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Classification of Deductions |
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1 | (2) |
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3 | (2) |
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5 | (6) |
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11 | (2) |
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13 | (1) |
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14 | (2) |
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Dues, Subscriptions, and Publications |
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16 | (1) |
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Special Clothing and Uniforms |
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17 | (1) |
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18 | (1) |
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19 | |
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23 | |
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Itemized and Certain Other Deductions |
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1 | (5) |
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6 | (2) |
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8 | (3) |
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11 | (5) |
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Casualty and Theft Losses |
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16 | (2) |
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18 | (3) |
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21 | (2) |
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23 | |
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27 | |
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Credits and Special Taxes |
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Tax Credit for the Elderly and Disabled |
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1 | (1) |
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2 | (3) |
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5 | (2) |
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Child and Dependent Care Credit |
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7 | (4) |
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11 | (2) |
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13 | (1) |
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14 | (1) |
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15 | (1) |
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16 | (2) |
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The Individual Alternative Minimum Tax (AMT) |
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18 | (5) |
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Unearned Income of Minor Children |
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23 | (5) |
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28 | |
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32 | |
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Accounting Periods and Methods and Depreciation |
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1 | (4) |
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5 | (2) |
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7 | (2) |
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Modified Accelerated Cost Recovery System (MACRS) |
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9 | (8) |
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17 | (1) |
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18 | (2) |
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Limitation on Depreciation of Luxury Automobiles |
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20 | (1) |
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21 | (2) |
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26 | |
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1 | (1) |
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2 | (1) |
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Calculation of Gain or Loss |
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3 | (3) |
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6 | (4) |
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10 | (2) |
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Section 1231 Gains and Losses |
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12 | (3) |
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15 | (5) |
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Capital Gains and Casualty Gains and Losses |
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20 | (3) |
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23 | (4) |
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27 | (2) |
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29 | (1) |
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Sale of a Personal Residence |
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33 | |
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Withholding, Estimated Payments, and Payroll Taxes |
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1 | (7) |
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8 | (2) |
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10 | (1) |
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Federal Tax Deposit System |
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11 | (2) |
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Employer Reporting Requirements |
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13 | (5) |
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18 | (2) |
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20 | (2) |
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22 | |
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31 | |
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Nature of Partnership Taxation |
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1 | (1) |
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2 | (2) |
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Partnership Income Reporting |
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4 | (2) |
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Current Distributions and Guaranteed Payments |
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6 | (7) |
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13 | (1) |
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Transactions Between Partners and the Partnership |
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14 | (1) |
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15 | (1) |
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Limited Liability Companies |
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16 | |
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18 | |
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1 | (1) |
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Corporate Capital Gains and Losses |
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2 | (1) |
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Special Deductions and Limitations |
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3 | (2) |
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5 | (2) |
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Filing Requirements and Estimated Tax |
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7 | (1) |
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8 | (5) |
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13 | (8) |
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21 | (1) |
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The Corporate Alternative Minimum Tax |
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22 | |
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24 | |
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Tax Administration and Tax Planning |
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The Internal Revenue Service |
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1 | (2) |
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3 | (1) |
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4 | (6) |
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10 | (2) |
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Preparers, Proof, and Privilege |
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12 | (2) |
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Electronic Filing (E-Filing) |
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14 | (3) |
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The Taxpayer Bill of Rights |
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17 | (3) |
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20 | (4) |
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24 | |
| APPENDIXES |
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Appendix A Tax Rate Schedules and Tax Tables |
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A-1 | |
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Appendix B Earned Income Credit Table |
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B-1 | |
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Appendix C Withholding Tables |
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C-1 | |
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Appendix D Extra Tax Forms |
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D-1 | |
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Appendix E Additional Comprehensive Tax Return Problems |
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E-1 | |
| Glossary of Tax Terms |
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G-1 | |
| Solutions to Chapter Problems |
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S-1 | |
| Index |
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I-1 | |
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