Wiley Tax Preparer

Informationen zum Autor 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 Klappentext Review questions at the end of each chapter Key word definitions provided throughout Hundreds of examples bring the content to life Provides an in-depth understanding of IRS Form 1040 Taxes WILEY TAX PREPARER: A GUIDE TO FORM 1040 W hether 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 Penalties to be assessed by the IRS against a preparer for disregard of the rules and regulations Furnishing a copy of a return to a taxpayer Safeguarding taxpayer information Treatment of Income and Assets Taxability of wages, salaries, tips, and other earnings Reporting requirements of Social Security benefits Determination of basis of assets Deductions and Credits Medical and dental expenses Types of interest and tax payments Child and dependent care credit Other Taxes Alternative Minimum Tax Self-Employment Tax Preliminary Work and Collection of Taxpayer Data Collecting a taxpayer's filing information and determining their status Determine filing requirements, including extensions and amended returns Personal exemptions and dependents Completion of the Filing Process Check return for completeness and accuracy Tax withholding, payment and refund options, and estimated tax payments Explaining and reviewing the tax return Ethics and Circular 230 Preparer's due diligence for accuracy of representations made to clients and the IRS Sanctions that may be imposed under Circular 230 Rules governing authority to practice before the IRS 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 Zusammenfassung 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. Inhaltsverzeichnis Part 1 The Income Tax Return 1 Chapter 1 Filing Information 3 Chapter 2 Filing Status 13 Chapter 3 Personal a...

Auteur

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

Texte du rabat

• Review questions at the end of each chapter
• Key word definitions provided throughout
• Hundreds of examples bring the content to life

• Provides an in-depth understanding of IRS Form 1040 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

• Penalties to be assessed by the IRS against a preparer for disregard of the rules and regulations
• Furnishing a copy of a return to a taxpayer

• Safeguarding taxpayer information Treatment of Income and Assets

• Taxability of wages, salaries, tips, and other earnings
• Reporting requirements of Social Security benefits

• Determination of basis of assets Deductions and Credits

• Medical and dental expenses
• Types of interest and tax payments

• Child and dependent care credit Other Taxes

• Alternative Minimum Tax

• Self-Employment Tax Preliminary Work and Collection of Taxpayer Data

• Collecting a taxpayer's filing information and determining their status
• Determine filing requirements, including extensions and amended returns

• Personal exemptions and dependents Completion of the Filing Process

• Check return for completeness and accuracy
• Tax withholding, payment and refund options, and estimated tax payments

• Explaining and reviewing the tax return Ethics and Circular 230

• Preparer's due diligence for accuracy of representations made to clients and the IRS
• Sanctions that may be imposed under Circular 230
• Rules governing authority to practice before the IRS 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

Résumé
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.

Contenu

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

Chap…