This unique book takes beginning learner from the teaching of theoretical tax rules to the practical application of tax law, and helps them experience and grasp the main issues involved in the complex tax preparation environment. A hands-on approach to education provides a discussion of the tax law and authority, identifies common source documents used in tax return preparation, illustrates proper reporting of income/expense items, and presents complete examples of the proper reporting through the critical use of tax software. Chapter coverage includes Forms 1040 and 1040A; gross income: inclusions and exclusions; itemized deductions-- Schedule A; self-employed business income; sale of property-- Schedule D and Form 4797; rental property, royalties, and income from flow-through entities; tax credits; payroll taxes; retirement and other tax-deferred plans and annuities: contributions and distributions; special tax transactions; partnership taxation; and corporate income tax-- Form 1120. For beginning tax preparers-- AICPA, and state accounting associations.
- ISBN10 0131644076
- ISBN13 9780131644076
- Publish Date 14 January 2005
- Publish Status Out of Print
- Publish Country GB
- Publisher Pearson Education Limited
- Imprint Prentice-Hall
- Language English