دانلود کتاب Income Tax Fundamentals 2020

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Cover About the Authors Reviewers Acknowledgments The Annotated 1040 Map Table of Contents Questions Chapter 1: The Individual Income Tax Return 1-1 History and Objectives of the Tax System 1-2 Reporting and Taxable Entities 1-3 The Tax Formula for Individuals 1-4 Who Must File 1-5 Filing Status and Tax Computation 1-6 Qualifying Dependents 1-7 The Standard Deduction 1-8 A Brief Overview of Capital Gains and Losses 1-9 Tax and the Internet 1-10 Electronic Filing (E-Filing) Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 2: Gross Income and Exclusions 2-1 The Nature of Gross Income 2-2 Salaries and Wages 2-3 Accident and Health Insurance 2-4 Meals and Lodging 2-5 Employee Fringe Benefits 2-6 Prizes and Awards 2-7 Annuities 2-8 Life Insurance 2-9 Interest and Dividend Income 2-10 Municipal Bond Interest 2-11 Gifts and Inheritances 2-12 Scholarships 2-13 Alimony 2-14 Educational Incentives 2-15 Unemployment Compensation 2-16 Social Security Benefits 2-17 Community Property Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 3: Business Income and Expenses 3-1 Schedule C 3-2 Inventories 3-3 Transportation 3-4 Travel Expenses 3-5 Meals and Entertainment 3-6 Educational Expenses 3-7 Dues, Subscriptions, and Publications 3-8 Special Clothing and Uniforms 3-9 Business Gifts 3-10 Bad Debts 3-11 Office in the Home 3-12 Hobby Losses Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 4: Additional Income and the Qualified Business Income Deduction 4-1 What Is a Capital Asset? 4-2 Holding Period 4-3 Calculation of Gain or Loss 4-4 Net Capital Gains 4-5 Net Capital Losses 4-6 Sale of a Personal Residence 4-7 Rental Income and Expenses 4-8 Passive Loss Limitations 4-9 Net Operating Losses 4-10 Qualified Business Income (QBI) Deduction Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 5: Deductions For and From AGI 5-1 Health Savings Accounts 5-2 Self-Employed Health Insurance Deduction 5-3 Individual Retirement Accounts 5-4 Small Business and Self-Employed Retirement Plans 5-5 Other for AGI Deductions 5-6 Medical Expenses 5-7 Taxes 5-8 Interest 5-9 Charitable Contributions 5-10 Other Itemized Deductions Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 6: Accounting Periods and Other Taxes 6-1 Accounting Periods 6-2 Accounting Methods 6-3 Related Parties (Section 267) 6-4 Unearned Income of Minor Children and Certain Students 6-5 The Individual Alternative Minimum Tax (AMT) 6-6 Self-Employment Tax 6-7 The Nanny Tax 6-8 Special Taxes for High-Income Taxpayers Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 7: Tax Credits 7-1 Child Tax Credit 7-2 Earned Income Credit 7-3 Child and Dependent Care Credit 7-4 The Affordable Care Act 7-5 Education Tax Credits 7-6 Foreign Exclusion and Tax Credit 7-7 Adoption Expenses 7-8 Energy Credits 7-9 Low-Income Retirement Plan Contribution Credit Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 8: Depreciation and Sale of Business Property 8-1 Depreciation 8-2 Modified Accelerated Cost Recovery System (MACRS) and Bonus Depreciation 8-3 Election to Expense (Section 179) 8-4 Listed Property 8-5 Limitation on Depreciation of Luxury Automobiles 8-6 Intangibles 8-7 Section 1231 Gains and Losses 8-8 Depreciation Recapture 8-9 Business Casualty Gains and Losses 8-10 Installment Sales 8-11 Like-Kind Exchanges 8-12 Involuntary Conversions Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 9: Payroll, Estimated Payments, and Retirement Plans 9-1 Withholding Methods 9-2 Estimated Payments 9-3 The FICA Tax 9-4 Federal Tax Deposit System 9-5 Employer Reporting Requirements 9-6 The FUTA Tax 9-7 Qualified Retirement Plans 9-8 Rollovers Key Terms Key Points Questions and Problems Chapter 10: Partnership Taxation 10-1 Nature of Partnership Taxation 10-2 Partnership Formation 10-3 Partnership Income Reporting 10-4 Current Distributions and Guaranteed Payments 10-5 Tax Years 10-6 Transactions between Partners and the Partnership 10-7 Qualified Business Income Deduction for Partners 10-8 The At-Risk Rule 10-9 Limited Liability Companies Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 11: The Corporate Income Tax 11-1 Corporate Tax Rates 11-2 Corporate Gains and Losses 11-3 Special Deductions and Limitations 11-4 Schedule M-1 11-5 Filing Requirements and Estimated Tax 11-6 S Corporations 11-7 Corporate Formation 11-8 Corporate Accumulations 11-9 The Corporate Alternative Minimum Tax Key Terms Key Points Questions and Problems Key Number Tax Return Summary Chapter 12: Tax Administration and Tax Planning 12-1 The Internal Revenue Service 12-2 The Audit Process 12-3 Interest and Penalties 12-4 Statute of Limitations 12-5 Preparers, Proof, and Privilege 12-6 The Taxpayer Bill of Rights 12-7 Tax Planning Key Terms Key Points Questions and Problems Appendices Appendix A: Tax Rate Schedules and Tax Table Appendix B: Earned Income Credit Table Appendix C: Withholding Tables Appendix D: Additional Comprehensive Tax Return Problems Appendix E: Solutions to Self-Study Problems Glossary of Tax Terms Index List of Forms List of Schedules List of Worksheets