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More About This Title Lasser's Your Income Tax 2002, Professional Edition (Cloth Edition)
English
Completely updated, this new guide helps financial planners and tax preparers make the most of the new tax law. This valuable book includes specific citations of tax-law authority for Your Income Tax and specific details on how to deal with the IRS, handle audits, and prepare a federal estate tax return. It provides up-to-the-minute examinations of tax legislation, IRS rulings and releases, and court decisions. Plus, readers will find planning guidance for future phased in provisions of the new tax law. This book is filled with helpful icons that call-out new laws, new court decisions as well as advisory tips about filing a tax return and tax planning opportunities. It also provides readers with information on accessing Lasser Tax Tips on the Internet and comes with a free supplement that includes tax forms for filing.
English
Looking Ahead to New Tax Law Changes.
PART I: FILING BASICS.
Filing Status.
PART II: REPORTING YOUR INCOME.
Taxable Wages, Salary, and Other Compensation.
Fringe Benefits.
Dividend and Interest Income.
Reporting Property Sales.
Tax-Free Exchanges of Property.
Retirement and Annuity Income.
IRA's.
Income from Rents and Royalties.
Loss Restrictions: Passive Activities and At-Risk Limits.
Other Income.
PART III: CLAIMING DEDUCTIONS.
Deductions Allowed in Figuring Adjusted Gross Income.
Claiming the Standard Deduction or Itemized Deductions.
Itemized Deduction for Interest Expenses.
Deductions for Taxes.
Medical and Dental Expense Deductions.
Casualty and Theft Losses and Involuntary Conversions.
Deducting Job Costs and Other Miscellaneous Expenses.
Travel and Entertainment Expense Deductions.
Personal Exemptions.
PART IV: PERSONAL TAX COMPUTATIONS.
Figuring Your Regular Income Tax Liability.
Alternative Minimum Tax (AMT).
Computing the "Kiddie Tax" for Children Under Age 14.
Child Tax Credit and Dependent Care. Earned Income (EIC), and Adoption Credits.
Tax Withholdings.
Estimated Tax Payments.
PART V: PERSONAL TAX SAVINGS PLANS.
Tax Planning.
Tax Savings for Residence Sales.
Tax Savings for Investors in Securities.
Tax Savings for Investors in Real Estate.
Tax Pointers for Investors in Mutual Funds.
Family Income Planning.
Tax Pointers for Senior Citizens.
Tax Savings for Members of the Armed Forces.
How to Treat Foreign Earned Income.
Planning Alimony and Marital Settlements.
Educational Tax Benefits.
Estate Taxes.
PART VI: BUSINESS TAX PLANNING.
Income or Loss From Your Business or Profession.
Retirement Plans for Self-Employed.
Claiming Depreciation Deductions.
Deducting Automobile Expenses.
Sales of Business Property.
Figuring Self-Employment Tax.
PART VII: FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE.
Filing Your Return.
How Tax Data is Processed by the IRS.
IRS Tax Audits.
Filing Refund Claims, and Amended Returns.
PART VIII: 2001 TAX FORMS, TAX TABLES AND TAX RATE SCHEDULES.
PART IX: TAX LAW AUTHORITY.
PART X: CITATIONS OF TAX LAW AUTHORITY.
PART XI: PRACTICE BEFORE THE IRS.
PART XII: PREPARING A FEDERAL ESTATE TAX RETURN.
PART XIII: GLOSSARY AND INDEX.
