Wiley Tax Preparer: A Guide to Form 1040 - Brossura

The Tax Institu, .

Brossura

ISBN 10: 1118072626 ISBN 13: 9781118072622

Casa editrice: Wiley, 2013

Riassunto

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 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.

Su questo libro

Informazioni sull'autore

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

Dalla quarta di copertina

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.

Dettagli dell'edizione

• Editore: Wiley
• Data di pubblicazione: 2013
• Lingua: Inglese
• ISBN 10: 1118072626
• ISBN 13: 9781118072622
• Rilegatura: Copertina flessibile
• Numero edizione: 2
• Numero di pagine: 576
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile