Category: Uncategorized

  • Deductions

    Code Sections about Deductions Sec. 67. 2-percent floor on miscellaneous itemized deductions Sec. 68. Overall limitation on itemized deductions Sec. 151. Allowance of deductions for personal exemptions Sec. 161. Allowance of deductions Sec. 211. Allowance of deductions Sec. […]

  • Gambling

    Gambling Income and Expenses Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings on line 21. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. […]

  • Taxation

    Taxation Resources Further Reading Tax Aspects of Divorce and Separation (LJP) Tax Controversies: Audits, Investigations, Trials Tax Planning For Corporations and Shareholders Tax Planning for Corporations and Shareholders-Forms Tax Planning for Retirees Tax Planning for S Corporations Tax Planning for the Alternative Minimum Tax Tax, Estate & Financial Planning for the Elderly Taxation of Executive…

  • What’s New

    What’s New 2016 Tax Law Changes – a summary of changes for 2016 2015 Tax Law Changes – a summary of changes for 2015 2014 Tax Law Changes – a summary of changes for 2014 2013 Tax Law Changes – a summary of changes for 2013 2012 Tax Law Changes – a summary of changes…

  • Miscellaneous

    Miscellaneous Below are articles related to miscellaneous subjects. Alternative Filing Methods Age-Name-SSN Rejects, Errors, Correction Procedures (IRS FAQ) Amended Returns (IRS FAQ) Due Dates & Extension Dates for e-file (IRS FAQ) Electronic Filing Electronic Signatures Filing Business Returns Electronically Forms W-2 & Other Attachments (IRS FAQ) How to Choose a Paid Tax Preparer Substitute Tax…

  • Estates

    Estates Income Taxation of Trusts and Estates Introduction This entry covers the federal income taxation of estates and trusts, which is generally covered in Subchapter J of the IRC. It covers both testate and intestate estates, inter vivo trusts and testamentary trusts. It includes consideration of: the theory and overview of subchapter J; a working…

  • Internal Revenue Ruling 2004-38

    Internal Revenue Ruling 2004-38 — Health Savings Accounts Section 223. – Health Savings Accounts ISSUE May an individual contribute to a Health Savings Account (HSA) under section 223 of the Internal Revenue Code if the individual is covered by both a high deductible health plan (HDHP) that does not cover prescription drug benefits and by…

  • Principal Business Activity Codes

    Principal Business Activity Codes Agriculture, Forestry, and Fishing Crop production 111100 – Oilseed & grain farming 111210 – Vegetable and melon farming 111300 – Fruit & tree nut farming 111400 – Greenhouse, nursery, & floriculture production 111900 – Other crop farming (tobacco, cotton, etc.) Animal production 112111 – Beef cattle ranching & farming 112112 –…

  • Legislative History

    Locating Tax Legislative History Materials Locating Tax Legislative Histories by Code Section Tax Management- Primary Sources, BNA, This set includes five loose-leaf volumes of legislative history documents from 1969 onward. The legislative histories appear in code section order and include presidential messages, House and Senate reports, Conference reports and debates. Federal Income, Gift and Estate Taxation,…

  • Rental Property

    Rental Property See information about: Demolition Publication 527 Publication 925 Rental Income Rental Expenses Renting Residential and Vacation Property