Taxes 2006 For Dummies^®

by Eric Tyson; Margaret A. Munro; David J. Silverman

• ISBN13: 9780471793403
• ISBN10: 047179340X
• Format: eBook
• Copyright: 2006-03-01
• Publisher: For Dummies

Summary

Helps you avoid common mistakes -- before you file The fun and friendly guide to saving on taxes this and every year Avoid tax headaches with the book that demystifies forms, minimizes errors, and answers your most important tax questions. Fully updated for 2005, including information directed to military families and hurricane victims, this handy, helpful guide covers critical tax code changes and offers reliable advice on keeping more of what you earn. Discover how to * Itemize your deductions * Negotiate with the IRS * Take advantage of tax credits to reduce what you owe * Deal with real estate taxes * Make tax-wise personal finance decisions * Get answers from your tax advisor

Table of Contents

Introduction.

Part I: Getting Ready to File.

Chapter 1: Understanding the U.S. Tax System.

Chapter 2: Tax Return Preparation Options and Tools.

Chapter 3: Getting and Staying Organized.

Chapter 4: No Form Fits All (Or, What Kind of Taxpayer Are You?).

Part II: Tackling the Various Forms.

Chapter 5: Easy Filing: 1040EZ and 1040A.

Chapter 6: Form 1040: Income Stuff.

Chapter 7: Form 1040, Part II: Adjustments to Income Stuff.

Chapter 8: The Rest of the 1040.

Part III: Filling Out Schedules and Other Forms.

Chapter 9: Itemized Deductions: Schedule A.

Chapter 10: Interest and Dividend Income: Schedule B (1040), Schedule 1 (1040A).

Chapter 11: Business Tax Schedules: C, C-EZ, and F.

Chapter 12: Capital Gains and Losses: Schedule D.

Chapter 13: Supplemental Income and Loss: Schedule E.

Chapter 14: Giving Credits Where Credits Are Due.

Chapter 15: Other Schedules and Forms to File.

Part IV: Audits and Errors: Dealing with the IRS.

Chapter 16: The Dreaded Envelope: IRS Notices, Assessments, and Audits.

Chapter 17: Fixing Mistakes the IRS Makes.

Chapter 18: Fixing Your Own Mistakes.

Part V: Year-Round Tax Planning.

Chapter 19: Tax-Wise Personal Finance Decisions.

Chapter 20: Reducing Taxes with Retirement Accounts.

Chapter 21: Small Businesses and Tax Planning.

Chapter 22: Your Investments and Taxes.

Chapter 23: Real Estate and Taxes.

Chapter 24: Children and Taxes.

Chapter 25: Estate Planning.

Part VI: The Part of Tens.

Chapter 26: Ten Tips for Reducing Your Chances of Being Audited.

Chapter 27: Ten (or So) Often-Overlooked Tax-Reduction Opportunities.

Chapter 28: Ten Tax Tips for Members of the Military (and Their Families).

Chapter 29: Ten Interview Questions for Tax Advisors.

Chapter 30: Ten (Plus Two) Tax Relief Measures for Hurricane Katrina Victims and Relief Workers.

Glossary.

Index.