America's most trusted tax advice, backed by detailed citations of authoritative tax references J.K. Lasser's Your Income Tax Professional Edition 2018 is the tax preparer's guide to smart tax filing and planning. The Professional Edition not only includes the trusted guidance, clear advice, and money-saving tips featured in Your Income Tax, but also provides citations of tax authorities to help tax professionals easily locate the law, IRS rulings and court decisions that support the text. Fully up to date with the newest changes for 2017 tax returns, expert guidance from J.K. Lasser helps you maximize deductions and shelter income while providing hundreds of examples of how tax laws apply to individual situations. While evolving tax law can get very complex very quickly, this invaluable guide is designed to help you find the answers you need without wading through volumes of the Internal Revenue Code or IRS materials. Special icons call out new laws, IRS rulings, court decisions, filing pointers and planning strategies, allowing you to locate important information without breaking your workflow. Keeping up with changes to tax law is itself a full-time job—if it's not your full-time job, let the experts at J.K. Lasser do the legwork for you! Read from beginning to end or dip in and out as needed—this exceptional resource will help you: Get expert answers to tough tax situations quickly Navigate new laws, court decisions, IRS rulings, and more Locate authoritative sources easily with citations of references from the Code, the courts and the IRS. Avoid common pitfalls and adopt smart planning strategies for next year Accessible, down-to-earth tax advice is always appreciated, but professional tax preparers need more—such as authoritative sources to back their advice and clarify tricky situations that their clients may encounter. J.K. Lasser's Your Income Tax Professional Edition 2018 provides a quick one-stop resource for every tax pro, merging detailed citations with America's most trusted tax advice for over 65 years.
EXAMPLE Jones owns an apartment house held for investment that has a fair market value of $220,000, subject to an $80,000 mortgage. His adjusted basis is $100,000. In 2018, Jones exchanges his building for Smith's apartment building ...
With this book as your guide, you'll find deductions and tax breaks with regard to: You and your family Your home and car Your job or business Your investments Retirement savings Travel and entertainment Medical and dental expenses Health ...
You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work.
Payments of mortgage insurance may result in a tax deduction. Benefit Premiums for PMI paid can be ... The insurance must be first obtained after 2006 and through 2018 (if this deduction is extended for 2018, so check the Supplement).
With this book as your guide, you'll find deductions and tax breaks with regard to: You and your family Your home and car Your job or business Your investments Retirement savings Travel Medical and dental expenses Health savings accounts ...
This book helps you sidestep the minefield of confusion, assumptions, and misunderstanding to plan your financial future the way you want it, regardless of age or income level.
Packed with up-to-the-minute facts, this practical resource covers important issues, such as: How new legislation will impact inheritances and trusts Estate and generation-skipping tax planning The role of wills, executors, and trusts ...
For example, say a sole proprietor with fee income is in the 25% tax bracket. It might make sense to deposit 10% to 20% of fee income (taking into account the fact that deductions reduce the income that's taxable) into a separate bank ...
In this fully updated volume, you’ll find: Detailed coverage of the newest tax laws, court decisions, and IRS rulings Planning strategies that can help you run a tax-smart business all year long Comprehensive information on each available ...
For example, your 2016 return was due by April 18, 2017 (because April 15 was a Saturday and Emancipation Day was celebrated in the District of Columbia on Monday, April 17, 2017), but you received a six-month extension until October 16 ...