J.k. Lasser''s Your Income Tax 2020

America's most trusted tax advice, backed by detailed citations of authoritative tax referencesJ.K. Lasser's Your Income Tax Professional Edition 2020 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 2019 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 yearAccessible, 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 2020 provides a quick one-stop resource for every tax pro, merging detailed citations with America's most trusted tax advice for over 65 years.

List of contents

What's New for 2019 xxviiTax News for 2019 xxviiKey Tax Numbers for 2019 xxxTax-Saving Opportunities for 2019 xxxiiiPending Legislation That Could Affect 2019 Returns xxxivFiling Basics 11. Filing Status 9Reporting Your Income 352. Wages, Salary, and Other Compensation 373. Fringe Benefits 564. Dividend and Interest Income 815. Reporting Property Sales 1096. Tax-Free Exchanges of Property 1587. Retirement and Annuity Income 1728. IRAs 2129. Income From Real Estate Rentals and Royalties 26110. Loss Restrictions: Passive Activities and At-Risk Limits 28111. Other Income 311Claiming Deductions 33512. Deductions Allowed in Figuring Adjusted Gross Income 33713. Claiming the Standard Deduction or Itemized Deductions 34314. Charitable Contribution Deductions 35015. Itemized Deduction for Interest Expenses 37716. Deductions for Taxes 39517. Medical and Dental Expense Deductions 40418. Casualty and Theft Losses and Involuntary Conversions 42319. Other Itemized Deductions 44620. Travel and Meal Expense Deductions 449Personal Tax Computations 46921. Dependents 47122. Figuring Your Regular Income Tax Liability 48423. Alternative Minimum Tax (AMT) 48924. Computing the "Kiddie Tax" on Your Child's Unearned Income 49725. Personal Tax Credits Reduce Your Tax Liability 50326. Tax Withholdings 52727. Estimated Tax Payments 53428. Additional Medicare Tax and Net Investment Income Tax 540Tax Planning 54729. Tax Savings for Residence Sales 54930. Tax Rules for Investors in Securities 56631. Tax Savings for Investors in Real Estate 58332. Tax Rules for Investors in Mutual Funds 59733. Educational Tax Benefits 60634. Special Tax Rules for Senior Citizens and the Disabled 62535. Members of the Armed Forces 63936. How to Treat Foreign Earned Income 64737. Planning Alimony and Marital Settlements 65838. Other Taxes 66539. Gift and Estate Tax Planning Basics 671Business Tax Planning 67940. Income or Loss from Your Business or Profession 68141. Retirement and Medical Plans for Self-Employed 71342. Claiming Depreciation Deductions 72543. Deducting Car and Truck Expenses 74244. Sales of Business Property 75745. Figuring Self-Employment Tax 764Filing Your Return and What Happens After You File 77346. Filing Your Return 77547. Filing Refund Claims, and Amended Returns 78448. If the IRS Examines Your Return 7882019 Tax Forms 803Part 9 839Part 10 845Part 11 963Glossary 1001Index 1007

About the author

J.K. Lasser Institute has been the premier publisher of consumer tax guides since 1939, when Jacob Kay Lasser first published Your Income Tax. Since then, the guide has been published continuously for over sixty years and read by over 39,000,000 people. The J.K. Lasser Institute also publishes several personal finance books such as Small Business Taxes and 1001 Deductions and Tax Breaks. J.K. Lasser Institute spokespeople are regularly sought after as media tax experts. They regularly appear on such broadcast programs as CNBC, CNN, and Bloomberg TV. They are also often featured in numerous periodicals, including The Wall Street Journal, USA Today, Self Magazine, The New York Times, Newsweek and Reader's Digest.

Summary

America's most trusted tax advice, backed by detailed citations of authoritative tax references

J.K. Lasser's Your Income Tax Professional Edition 2020 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 2019 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 2020 provides a quick one-stop resource for every tax pro, merging detailed citations with America's most trusted tax advice for over 65 years.

Product details

• Authors: J K Lasser Institute, J.k. Lasser Institute, J. K. Lasser, J.k Lasser
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 29.02.2020
• EAN: 9781119595137
• ISBN: 978-1-119-59513-7
• No. of pages: 1072
• Series: J.K. Lasser
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Business > Business administration