J. K. Lasser Institute

J.K. Lasser's Your Income Tax 2025, Professional Edition (eBook, PDF)

• Format: PDF

Produktbeschreibung

The leading desk reference for US personal income tax return preparation for professionals

In J.K. Lasser's Your Income Tax 2025, Professional Edition, a team of veteran tax preparers and educators delivers an intuitive and comprehensive roadmap to helping your clients prepare their 2024 US personal income tax returns. In the book, you'll learn how to maximize your clients' deductions and credits, legally shelter their personal income, and minimize their tax bills. The authors have included sample 2024 tax forms, brand-new tax law authorities with citations, binding IRS rulings, filing pointers, and tax planning strategies you can implement immediately to better serve your clients.

Fully updated to reflect the changes to the 2024 tax code, this book provides the step-by-step instructions, worksheets, and forms you need to prepare your clients' taxes ethically and effectively. You'll also find:

• Discussions of what it's like to practice before the Internal Revenue Service as an Enrolled Agent
• Strategies for identifying the best approach to tax planning based on your client's financial situation
• Checklists and sample forms to make preparing your next return simple and straightforward

Perfect for practicing and training Certified Public Accountants and Enrolled Agents, J.K. Lasser's Your Income Tax 2025 is the gold standard desk reference for tax preparers serving individuals in the United States.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 1107
• Erscheinungstermin: 16. Dezember 2024
• Englisch
• ISBN-13: 9781394298488
• Artikelnr.: 72672628

Inhaltsangabe

What's New for 2024 xxix 
Tax News for 2024 xxix 
Expiring Provisions xxxi 
Key Tax Numbers for 2024 xxxii 
Tax-Saving Opportunities for 2024 and Beyond xxxiv 
Filing Basics 1 
Before you get Started 3 
Filing Status 13 
Dependents 39 
Wages, Salary, and Other Compensation 53 
Fringe Benefits 72 
Dividend and Interest Income 97 
Reporting Property Sales 125 
Tax-Free Exchanges of Property 174 
Retirement and Annuity Income 189 
IRAs 226 
Income From Real Estate Rentals and Royalties 279 
Loss Restrictions: Passive Activities and At-Risk Limits 299 
Other Income 329 
Claiming Deductions 355 
Deductions Allowed in Figuring Adjusted Gross Income 357 
Claiming the Standard Deduction or Itemized Deductions 364 
Exceed Your Itemized Deductions? 366 
Medical and Dental Expense Deductions 371 
Deductions for Taxes 391 
Itemized Deduction for Interest Expenses 400 
Charitable Contribution Deductions 418 
Casualty and Theft Losses and Involuntary Conversions 445 
Other Itemized Deductions 470 
Travel and Meal Expense Deductions 473 
Personal Tax Computations 495 
Figuring Your Regular Income Tax Liability 497 
Alternative Minimum Tax (AMT) 502 
Computing the "Kiddie Tax" on Your Child's Unearned Income 510 
Personal Tax Credits Reduce Your Tax Liability 516 
Tax Withholdings 540 
Estimated Tax Payments 548 
Additional Medicare Tax and Net Investment Income Tax 554 
Tax Planning 561 
Tax Savings for Residence Sales 563 
Tax Rules for Investors in Securities 581 
Tax Savings for Investors in Real Estate 598 
Tax Rules for Investors in Mutual Funds 612 
Educational Tax Benefits 621 
Special Tax Rules for Senior Citizens and the Disabled 640 
Members of the Armed Forces 655 
How To Treat Foreign Earned Income 663 
Planning Alimony and Marital Settlements 674 
Other Taxes 679 
Gift and Estate Tax Planning Basics 685 
Business Tax Planning 695 
Income or Loss From Your Business or Profession 697 
Retirement and Medical Plans for Self-Employed 727 
Claiming Depreciation Deductions 740 
Deducting Car and Truck Expenses 757 
Sales of Business Property 772 
Figuring Self-Employment Tax 779 
Filing Your Return and the Process After You File 789 
Filing Your Return 791 
Filing Refund Claims, and Amended Returns 800 
If the IRS Examines Your Return 804 
2024 Tax Forms 817 
Tax Law Authorities 857 
Citations of Authority 863 
Practice Before the Irs 975 
Written Information Security Plan 1015 
Glossary 1033 
Index 1039