J.K. Lasser's Your Income Tax 2013: For PreparingYour 2012 Tax Return
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More About This Title J.K. Lasser's Your Income Tax 2013: For PreparingYour 2012 Tax Return

English

J.K. Lasser Institute has been the premier publisher of consumer tax guides since 1939, when Jacob Kay Lasser first published Your Income Tax. Since then, the guide has been published continuously for over seventy years and read by over 39,000,000 people. The J.K. Lasser Institute also publishes several personal finance books, including Small Business Taxes, Home Owner's Tax Breaks, 1001 Deductions and Tax Breaks, Year-Round Tax Planning, and more. J.K. Lasser Institute spokespeople are regularly sought after as media tax experts. They regularly appear on such broadcast programs as CNBC, CNN, and Bloomberg TV. They are also often featured in numerous periodicals, including The Wall Street Journal, USA Today, Self Magazine, The New York Times, Newsweek and Reader's Digest.

English

What's New for 2012 xxv

Key Tax Numbers for 2012 xxviii

Looking Ahead to 2013 xxxi

PART 1 FILING BASICS 1

Do You Have to File a 2012 Tax Return? 3

Filing Tests for Dependents: 2012 Returns 4

Where to File 5

Filing Deadlines (on or before) 6

Choosing Which Tax Form to File 8

1 Filing Status 9

PART 2 REPORTING YOUR INCOME 31

2 Wages, Salary, and Other Compensation 33

3 Fringe Benefits 50

4 Dividend and Interest Income 72

5 Reporting Property Sales 97

6 Tax-Free Exchanges of Property 139

7 Retirement and Annuity Income 154

8 IRAs 188

9 Income From Real Estate Rentals and Royalties 228

10 Loss Restrictions: Passive Activities and At-Risk Limits 245

11 Other Income 273

PART 3 CLAIMING DEDUCTIONS 295

12 Deductions Allowed in Figuring Adjusted Gross Income 297

13 Claiming the Standard Deduction or Itemized Deductions 306

14 Charitable Contribution Deductions 313

15 Itemized Deduction for Interest Expenses 337

16 Deductions for Taxes 353

17 Medical and Dental Expense Deductions 360

18 Casualty and Theft Losses and Involuntary Conversions 378

19 Deducting Job Costs and Other Miscellaneous Expenses 402

20 Travel and Entertainment Expense Deductions 416

21 Personal Exemptions 442

PART 4 PERSONAL TAX COMPUTATIONS 455

22 Figuring Your Regular Income Tax Liability 457

23 Alternative Minimum Tax (AMT) 461

24 Computing the “Kiddie Tax” on Your Child’s Investment Income 469

25 Personal Tax Credits Reduce Your Tax Liability 475

26 Tax Withholdings 491

27 Estimated Tax Payments 498

PART 5 TAX PLANNING 505

28 Tax Planning Overview 507

29 Tax Savings for Residence Sales 511

30 Tax Rules for Investors in Securities 526

31 Tax Savings for Investors in Real Estate 544

32 Tax Rules for Investors in Mutual Funds 557

33 Educational Tax Benefi ts 565

34 Special Tax Rules for Senior Citizens 583

35 Members of the Armed Forces 592

36 How To Treat Foreign Earned Income 600

37 Planning Alimony and Marital Settlements 611

38 Household Employment Taxes (“Nanny Tax”) 618

39 Gift and Estate Tax Planning Basics 623

PART 6 BUSINESS TAX PLANNING 631

40 Income or Loss From Your Business or Profession 633

41 Retirement and Medical Plans for Self-Employed 660

42 Claiming Depreciation Deductions 670

43 Deducting Car and Truck Expenses 688

44 Sales of Business Property 702

45 Figuring Self-Employment Tax 708

PART 7 FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE 717

46 Filing Your Return 719

47 Filing Refund Claims, and Amended Returns 731

48 If the IRS Examines Your Return 735

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