Synopses & Reviews
Basics of Filing (Chap. 1)including:
Which form to file – Chap. 1
Filing as Head of Household – Chap. 1
Filing for your children – Chap. 1
Filing for married couples – Chap. 1
What Must You Report as Income? (Chaps. 2–11)
including:
Fringe Benefits – Chap. 3
Capital gains & losses – Chap. 5
Traditional & Roth IRAs – Chap. 8
Rental Income – Chap. 9
What Deductions Can You Claim? (Chaps. 12–21)
including:
Moving expenses – Chap. 12
Casualty Loss – Chap. 18
Charitable deductions – Chap. 14
Who is a dependent? – Chap. 21
How Much Tax Do You Owe? (Chaps. 22–27)
including:
The AMT – Chap. 23
Your child's tax – Chap. 24
Personal tax credits – Chap. 25
Estimated taxes – Chap. 27
Strategies to Save You Taxes (Chaps. 28–39)
including:
Tax-free residence sales – Chap. 29
Investing in securities – Chap. 30
Armed forces rules – Chap. 35
Tax credits for education – Chap. 33
Planning Ideas for Your Business (Chaps. 40–45)
including:
Home office deduction – Chap. 40
Keogh, Simple, or SEP – Chap. 41
Auto expenses – Chap. 43
Self-employment tax – Chap. 45
Now That You're Done (Chaps. 46–49)
including:
Electronic filing – Chap. 46
Filing extensions – Chap. 46
IRS Audits – Chap. 48
Amended returns – Chap. 47
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CAUTIONS point out potential pitfalls to avoid and areas where you might expect IRS opposition
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COURT DECISIONS highlight key rulings from the Tax Court and other federal courts
IRS ALERTS highlight key rulings andannouncements from the IRS
Synopsis
A complete tax savings guide which includes new tax law updates and a free supplement with tax forms for filing.
Synopsis
A proven, accessible resource with important strategies, useful recommendations, and the latest tax law changes, this essential guide to filing 2008 taxes includes instructions for commonly used forms, 2,500 easy-to-use tax planning tips, and more.
Synopsis
J.K. Lasser's Your Income Tax 2009--the nation's all-time top-selling tax guide--is a proven, accessible resource with important strategies, useful recommendations and of course, all the latest tax law changes. With over 39 million copies sold, Your Income Tax 2009 is the #1 choice for taxpayers around the country. As an added value, readers can gain access to dozens of bonuses on JKLasser.com, including:
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Synopsis
Written by a team of tax specialists, J.K. Lasser's Your Income Tax 2009 is the nation's all-time top-selling tax guide. It's filled with expert advice and guidance–including over 2,500 easy-to-follow tax tips and strategies–that will help you plan and file your 2008 tax return in the most efficient way possible. As an added value, you can gain direct access to dozens of bonuses through jklasser.com, including links to the latest tax forms from the IRS, up-to-the-minute tax law changes, small business help, and much more.
Table of Contents
What's New for 2008.Key Tax Numbers for 2008.
PART 1: FILING BASICS.
Do You Have To File a 2008 Tax Return?
Filing Tests for Dependents: 2008 Returns.
Where To File.
Key to Service Center Map.
Filing Deadlines (on or Before).
Choosing Which Tax Form to File.
1. Filing Status.
PART 2: REPORTING YOUR INCOME.
2. Taxable Wages, Salary, and Other Compensation.
3. Fringe Benefits.
4. Dividend and Interest Income.
5. Reporting Property Sales.
6. Tax-Free Exchanges of Property.
7. Retirement and Annuity Income.
8. IRAs.
9. Income From Rents and Royalties.
10. Loss Restrictions: Passive Activities and At-Risk Limits.
11. Other Income.
PART 3: CLAIMING DEDUCTIONS.
12. Deductions Allowed in Figuring Adjusted Gross Income.
13. Claiming the Standard Deduction or Itemized Deductions.
14. Charitable Contribution Deductions.
15. Itemized Deduction for Interest Expenses.
16. Deductions for Taxes.
17. Medical and Dental Expense Deductions.
18. Casualty and Theft Losses and Involuntary Conversions.
19. Deducting Job Costs and Other Miscellaneous Expenses.
20. Travel and Entertainment Expense Deductions.
21. Personal Exemptions.
PART 4. PERSONAL TAX COMPUTATIONS.
22. Figuring Your Regular Income Tax Liability.
23. Alternative Minimum Tax (AMT).
24. Computing the “Kiddie Tax” on Your Child's Investment Income.
25. Personal Tax Credits Reduce Your Tax Liability.
26. Tax Withholdings.
27. Estimated Tax Payments.
PART 5: TAX PLANNING.
28. Tax Planning Overview.
29. Tax Savings for Residence Sales.
30. Tax Rules for Investors in Securities.
31. Tax Savings for Investors in Real Estate.
32. Tax Pointers for Investors in Mutual Funds.
33. Educational Tax Benefits.
34. Special Tax Rules for Senior Citizens.
35. Members of the Armed Forces.
36. How To Treat Foreign Earned Income.
37. Planning Alimony and Marital Settlements.
38. Household Employment Taxes (“Nanny Tax”).
39. Gift and Estate Tax Planning.
PART 6: BUSINESS TAX PLANNING.
40. Income or Loss From Your Business or Profession.
41. Retirement and Medical Plans for Self-Employed.
42. Claiming Depreciation Deductions.
43. Deducting Car and Truck Expenses.
44. Sales of Business Property.
45. Figuring Self-Employment Tax.
PART 7: FILING YOUR RETURN AND WHAT HAPPENS AFTER YOUR FILE.
46. Filing Your Return.
47. Filing Refund Claims, and Amended Returns.
48. If the IRS Examines Your Return.
PART 8: SAMPLE 2008 TAX FORMS AND TABLES.
GLOSSARY.
INDEX.