It's Difficult to Keep it All Straight

Keeping track of the constantly changing tax code is a daunting task. New Tax Law, Revenue Rulings, Filing Requirements, Phase-Outs, Dependency Rules; it's a lot to remember! Our authors take this massive amount of information and place it in a fast-answer format that makes finding your answer easy.

Our Customers Tell Us

• They find answers to 90-95% of their tax questions in TheTaxBook.
• On average, they save 10-15 minutes per question by referencing TheTaxBook.
• They reference TheTaxBook 2-3 times a day during tax season!
• 86% of our customers keep TheTaxBook within arm's reach during tax season.

Comparison of Federal Editions

The Deluxe Edition Plus contains the entire 1040 Edition and the most referenced tabs from the Small Business.

Individual Coverage
Tab	Tab Title	Small Business	Deluxe Edition Plus	Deluxe Supplement	1040 Edition
Tab 1	What's New More(+)		X		X
Inflation Adjusted Amounts Chart Standard Deduction Chart Itemized Deduction Phaseout Chart Federal Tax Rate Schedules Chart Personal Exemptions Chart Social Security Highlights Chart Inflation Adjusted Amounts — Real Answers Real Fast Chart Social Security (SS) and Medicare Inflation Adjusted Amounts Expiring Tax Provisions Chart What's New—Individuals Chart What's New—Business Chart New Tax Forms Form 1040 and Schedules 1 through 3 Form 1040-SR Form 1099-NEC Form 14815 Form 8995 and Form 8995-A Form 461 Form W-4 Certain Types of Medical Marijuana Are Now Legal No Deductions for Illegal Drug Businesses Legal Hemp Medical Use Schedule 1 Controlled Substance Virtual Currency Goods and Services Purchased with Virtual Currency New Question on Schedule 1, Form 1040 How It Works How to Obtain Virtual Currency Federal Tax Rules Applicable to Using Virtual Currency Hard Fork and Airdrop IRS Sending Letters on Virtual Currency Transactions Taxpayer First Act of 2019 IRS Independent Office of Appeals Penalty for Failure to File Low-Income Exception for Offer-In-Compromise Payments Private Debt Collection Volunteer Income Tax Assistance Matching Grant Program Customer Service Information Identity Protection Personal Identification Numbers Penalty for Improper Disclosure or Use of Information by Return Preparers Internet Platform for Form 1099 Filings Disclosure of Taxpayer Information for Third-Party Income Verification Electronic Filing e-Services
Tab 2	Federal Tax Table and EIC Table More(+)		X		X
Federal Tax Table and EIC Table Federal Tax Table Prior Year Tax Rate Schedules Earned Income Credit (EIC) Table
Tab 3	1040 Line Instructions More(+)		X		X
Standard Deduction Chart Federal Tax Rate Schedules Chart Personal Exemption Chart Form 1040 U.S. Individual Income Tax Return 2019 Form 1040-SR, U.S. Tax Return for Seniors Numbered Schedules Schedule 1 (Form 1040) Schedule 2 (Form 1040) Schedule 3 (Form 1040) Filing Requirements Name, Address, Social Security Number Name Address Social Security Number (SSN) Individual Taxpayer Identification Number (ITIN) Health Care Coverage Shared Responsibility Payment Filing Status Same-Sex Marriage Single Married Filing Jointly (MFJ) Married Filing Separately (MFS) Head of Household (HOH) Qualifying Widow(er) (QW) Filing Status Chart Dependency Tests Dependent Defined Qualifying Child of More than One Person Release of Child to Noncustodial Parent (Release of Claim to Exemption) Multiple Support Agreements Exceptions to Time Lived With Taxpayer Dependency Tests Single Parent Situations Other Dependency Rules Deductions Standard Deduction Qualified Business Income (QBI) Deduction Income (Form 1040) Wages Tip Reporting Excess Salary Deferrals Interest and Dividend Income Retirement Distributions Social Security Lump-Sum Payments Capital Gain or Loss Recoveries State and Local Income Tax Refund Alimony Received Unemployment Compensation Other Income Disability Payments and Sick Pay Imputed Interest on Below-Market Loans Lawsuit Settlement and Awards Life Insurance Notary Public Fiduciaries Nontaxable Income Foster Care Payments Public Safety Officers Adjustments to Income Educator Expenses Health Savings Accounts (HSAs) Moving Expenses Penalty on Early Withdrawal of Savings Alimony Paid Write-In Adjustments Other Adjustments Taxes Income Tax Alternative Minimum Tax Other Taxes Additional Medicare Tax Net Investment Income Tax Credits and Payments Expanded Due Diligence Requirements Credits Payments by Married Taxpayers Estate or Trust Beneficiaries Withholdings Estimated Tax Payments Excess Social Security and RRTA Tax Withheld Repayments Refund or Amount Due Delayed Refunds for Returns Claiming Certain Credits Refund Offsets Direct Deposit Applied to 2020 Estimated Tax Amount Owed Signature Third Party Designee Return Due Date Extensions
FTF	FastTaxFacts Dependents More(+)		X
Dependency Tests Chart Qualifying Child for Earned Income Credit (EIC) Chart Earned Income Credit Additional Information Chart Filing Requirements for Dependents Chart Dependent Credits Chart Kiddie Tax Chart Qualifying Person for Child and Dependent Care Credit Chart Child and Dependent Care Expenses Chart Child and Dependent Care Credit Flow Chart Claiming a Dependent's Education Expenses Chart Qualifying Person for Head of Household Chart Qualifying Widow(er) With Dependent Child Chart Education Benefits Chart
Tab 4	Itemized Deductions, A More(+)		X		X
Standard Mileage Rates Medical Expenses Taxes Paid—Itemized Deductions Fair Market Value Guide for Used Items Recordkeeping Rules for Charitable Contributions Medical Expenses AGI Limit for Medical Expenses What Medical Expenses Are Deductible When Medical Expenses Are Deductible Whose Medical Expenses Are Deductible Married Filing Separately Medical Expenses Decedent's Medical Expenses Capital Expenses Deductible as Medical Expenses Insurance Premiums Lifetime Care Advance Payments Dependents With Disabilities Lodging Expenses for Medical Care Long-Term Care Medicines Nursing Home Nursing Services—Nonprofessional Special Education Transportation Weight-Loss Program Reimbursed Medical Expenses Taxes Paid—Itemized Deductions Schedule A (Form 1040) Taxes State and Local Tax (SALT) Deduction Limitation Election to Deduct Income Tax or Sales Tax State and Local Income Taxes State and Local General Sales Taxes Real Estate Taxes Personal Property Taxes Other Taxes Interest Paid—Itemized Deductions Interest Expense Home Mortgage Interest Deductible Mortgage Interest Amount Qualified Home Election to Treat Mortgage Interest as Not Secured by the Home Legal Liability to Make Payments Form 1098, Mortgage Interest Statement Form 1098-MA, Mortgage Assistance Payments Reverse Mortgage Points and Loan Origination Fees Mortgage Insurance Premiums Mortgage Interest Special Situations Investment Interest Paid Election to Capitalize Interest and Taxes Interest Tracing Rules (Allocation of Interest) Charitable Contributions Eligibility to Receive Tax-Deductible Contributions Qualified Charitable Organizations Cash Contributions Contributions That Benefit the Taxpayer Contributions to Donor-Advised Funds Volunteer Expenses Contributions of Property Form 8283, Noncash Charitable Contributions Recapture of Deduction Future Interest in Property When Contributions Are Deductible Charitable Contributions Deduction Limitations Charitable Contributions of IRA Distributions Vehicles, Boats, and Airplanes Recordkeeping Rules for Charitable Contributions Casualty and Theft Losses Deductible Losses How to Report Casualties and Thefts Nondeductible Losses Disaster Losses Loss on Deposits Insurance and Other Reimbursements Calculating a Loss Casualty Gains Gain Realized on Home in Disaster Area Other Itemized Deductions Net Qualified Disaster Loss Other Itemized Deductions Miscellaneous Itemized Deductions
Tab 5	Sole Proprietorships and Farmers, C, F, SE More(+)		X		X
Business Use of Home Methods Chart Employer Identification Number (EIN) Daycare Providers Standard Meal and Snack Rates Chart Self-Employment (SE) Tax Per Diem Rates Hobby Loss Rules Farmers—Estimated Tax Features of Sole Proprietorships Chart Self-Employment Tax Situations Chart Principal Business or Professional Activity Codes Schedule C—Profit or Loss From Business Schedule C (Form 1040) Filing Requirements Schedule C or Partnership Schedule C Recordkeeping and Substantiation Rules Planning Tips for Sole Proprietors Schedule C (Form 1040) Line-by-Line Schedule C (Form 1040), Part I—Income Schedule C (Form 1040), Part II—Expenses Self-Employed Health Insurance Deduction Employee-Spouse Health Insurance Schedule C (Form 1040), Part III—Cost of Goods Sold Schedule C (Form 1040), Part IV—Information on Vehicle Schedule C (Form 1040), Part V—Other Expenses Excess Business Loss Limitation Business Use of Home Qualification Rules—Business Use of Home 1) Exclusive Use Test 2) Regular Use Test 3) Trade or Business Use Test 4) Principal Place of Business Test Employee Business Use of Home Calculation Methods for Business Use of Home Simplified Method Regular Method Reporting Expenses for Business Use of the Home Sole Proprietorships Daycare Providers—Deducting Meals Authors, Artists, and Musicians Sharing Economy (Uber, Lyft, Airbnb, etc.) Foster Care Business Kids in Business—Paper Routes, Babysitting, and Lawn Mowing Family Businesses—Employing Family Members Hobby Loss Rules Hobby or Business Relevant Factors Reporting Hobby Income and Expenses Hobby Loss Example Election to Postpone Determination of Hobby or Business Status Independent Contractor vs. Employee Worker Classifications Factors Used to Determine Independent Contractor vs. Common-Law Employee Status Safe Harbor for Businesses Other Relief for Employers Erroneous Treatment of Employees as Independent Contractors—Form 1099-MISC Received Voluntary Classification Settlement Program Self-Employment Tax Who Pays Self-Employment (SE) Tax Self-Employment Tax Self-Employment Tax Optional Methods Election Schedule F—Profit or Loss From Farming Where to Report Sales of Farm Products Reporting Farming Activities Farming Activities Farm Accounting Methods Farm Inventory Crop Method Election Agricultural Program Payments Patronage Dividends From Cooperatives Per-Unit Retain Certificate From Cooperatives Farm Debt Cancellation Net Operating Losses on Farms Excess Farm Loss Limitation Income Averaging for Farmers and Fishermen Prepaid Farm Expenses Real Estate Taxes on Farm Land Farm Truck and Car Expenses Depreciation for Farm Property Business Use of the Home Soil and Water Conservation Expenses Uniform Capitalization Rules for Farmers Timber Sales by Farmers Postponing Gain on Weather-Related Sales of Livestock
Tab 6	Investment Income, B, D, 4797 More(+)		X		X
Income Tax Treaties—Qualified Dividends Tax Rates: Capital Gain & Dividend Income Chart Net Investment Income Tax (NIIT) Chart Types of Business Property Chart Tax Treatment of Settlement Costs on Purchase or Sale of Real Estate Chart Tax Treatment of Stock Options Chart Basis and Holding Period Rules Chart Interest and Dividends Taxable Interest Accrued Interest Original Issue Discount (OID) Tax-Exempt Interest Amortizable Bond Premium U.S. Savings Bonds U.S. Treasury Bills, Notes, and Bonds Taxable Dividends Qualified Dividends Nondividend Distributions Cash and Noncash Liquidation Distributions Exempt-Interest Dividends Stock Dividends Dividends Paid on Insurance Alaska Permanent Fund Dividends Nominee Income Foreign Accounts and Trusts Net Investment Income Tax Capital Gains and Losses Schedule D (Form 1040), Capital Gains and Losses Form 1099-B, Proceeds From Broker and Barter Exchange Transactions Basis Holding Periods Capital Gain Tax Rates Capital Gains Election for Self-Created Musical Works 28% Rate Gain Gains on Small Business Stock Losses on Small Business Stock Unrecaptured Section 1250 Gain Easements Capital Gain Distributions Capital Loss Limitation/Carryover Wash Sales (IRC §1091) Demutualization of Life Insurance Companies Short Sales Calls and Puts Straddles Classifying Investors and Traders Reporting Rules—Investors, Traders, and Dealers Qualified Opportunity Fund Deferral Election Virtual Currency Sale or Exchange Mutual Funds Sales of Business Property (Form 4797) Disposing of Business Property Section 1231—Special Treatment for Gains and Losses on Sale of Business Assets Depreciation Recapture—Sale of Business or Investment Property Installment Sales (Form 6252) Interest Income (From an Installment Sale) Calculating Installment Sale Income (Gain on Sale) Unrecaptured Section 1250 Gain Installment Sale to a Related Party Selling Price Adjustment in Subsequent Year Electing Out of an Installment Sale Like-Kind Exchanges (Form 8824) Like-Kind Exchanges Like-Kind Property Deferred Exchanges Reverse Exchanges Related Parties Qualified Intermediaries Employee Stock Options Employee Stock Options Employee Stock Purchase Plan (ESPPs) Nonstatutory Stock Options Sale of Principal Residence Determining Basis in a Residence Adjusted Basis of a Residence Exclusion of Gain Installment Sales of Principal Residence Sale of Vacant Land Adjacent to Residence Partial Exclusion of Gain Nonqualified Use (Non-Use) Business Use or Rental of Home—Application of Exclusion Rules Reporting Sale of Principal Residence Involuntary Conversions Involuntary Conversion Defined Condemnations Postponement of Gain Election Foreclosures, Repossessions, and Cancellation of Debt Definitions Cancellation of Debt Foreclosure or Repossession Property Secured by Recourse Debt Property Secured by Nonrecourse Debt Short Sale and Deed in Lieu of Foreclosure Nontaxable Cancellation of Debt Income Taxpayer Insolvency Abandonment—Foreclosure or Repossession Reduction of Tax Attributes (Form 982) Qualified Real Property Business Debt Qualified Principal Residence Debt Forms 1099-A and 1099-C
Tab 7	Rental, Passive, and At-Risk, E More(+)		X		X
MACRS Recovery Periods for Property Used in Rental Activities Chart Partnerships Chart Rental Real Estate Loss for Individuals Chart How to Classify Rental Property for Tax Treatment Chart Schedule E (Form 1040) Supplemental Income and Loss Part I—Rental Real Estate and Royalties Part II—Partnerships and S Corporations Part III—Estates and Trusts Missing or Erroneous Schedule K-1—Form 8082 Rental Real Estate Qualified Business Income (QBI) Deduction (IRC §199A) Excess Business Loss Limitation Rental Income Qualified Joint Venture Election Rental Expenses Limits on Rental Losses Personal Use of Rental Property—Roommates and Boarders Mixed-Use Property—Vacation Homes (IRC §280A) Sharing Economy—Airbnb Allocating Expenses: Personal vs. Rental Rented 14 Days or Less Interest on Rental—Second Home Sale of Rental Property Farm Rentals Passive Activity Losses At-Risk Limitations Passive Activity Loss Limits Activities That Are Not Passive Activities Passive Activity Credits Self-Rental Rule Material Participation Grouping Activities Partners, LLC Members, Corporation Shareholders Rental Activities Real Estate Professionals Form 8582, Passive Activity Loss Limitations Form 8810, Corporate Passive Activity Loss and Credit Limitations Special $25,000 Allowance for Rental Real Estate At-Risk Rules At-Risk Limits At-Risk Basis Form 6198, At-Risk Limitations
Tab 8	Business Deductions More(+)		X		X
Per Diem Rates—Continental U.S. (CONUS) Chart Net Operating Loss (NOL) Chart QBI—Threshold Amounts and Phase-In Ranges Chart Amortization Chart Per Diem Rates Per Diem Rates/High-Low Method Truckers/Transportation Industry Chart Business Deductions Ordinary and Necessary Business Expenses Limits on Business Deductions Services in Trade Bad Debts Barrier Removal Costs Capital Costs Circulation Expenses Election to Capitalize Carrying Charges Cell Phones Demolition Expenses Education Expenses Gifts Insurance Intangible Drilling Costs Life Insurance Marijuana Sales Office Expense Penalties and Fines Professional Fees Recoveries Rent or Lease Repairs and Improvements Research and Experimental Costs Wages Meals, Entertainment, Travel, and Lodging Substantiating Meals, Travel, and Lodging Entertainment Meals Travel and Lodging Accountable/Nonaccountable Plans Reporting Reimbursements Per Diem Paying Expenses of an Employer Reservists, Performing Artists, and Fee-Basis Government Officials Inventory/Cost of Goods Sold Inventory Cost of Goods Sold (COGS) Inventory Methods Identifying Inventory Items Valuing Inventory Goods That Cannot Be Sold Loss of Inventory Uniform Capitalization Rules (UNICAP) Qualified Business Income (QBI) Deduction (IRC §199A) Qualified Business Income (QBI) Deduction Qualified Trades or Businesses Threshold Amount Qualified Business Income (QBI) Deduction Flowchart Specified Service Trade or Business (SSTB) Qualified Business Income (QBI) Calculation of QBI Deduction Agricultural and Horticultural Cooperatives Net Operating Loss (NOL) NOL Carryback and Carryforward What is a Net Operating Loss (NOL)? How to Calculate an NOL How to Use an NOL How to Calculate an NOL Carryover Start-Up/Organization Costs Capital Expenses Start-Up Costs Organizational Costs Deduction/Amortization Making the Election What if the Business Never Starts? Accounting Periods and Methods Accounting Methods Cash Method Accrual Method Exception to the Accrual Method Rule for Inventory Hybrid Long-Term Construction Contracts Prepaid Expenses Change in Accounting Method Accounting Periods Required Tax Year for Partnerships Required Tax Year for S Corporations and PSCs Business Purpose Tax Year Election Other Than Required Taxable Year (Section 444)
Tab 9	Depreciation, 4562 More(+)		X		X
Half-Year Convention Depreciation Rates MACRS Recovery Periods Chart Form 4562, Depreciation and Amortization Basics of Depreciation Form 4562 Computing Depreciation Depreciable Basis Allowed or Allowable What Can Be Depreciated Excluded Property Placed in Service Date Regular MACRS (GDS)/Alternative Depreciation System (ADS) Regular MACRS (GDS) Alternative Depreciation System (ADS) Comparison of MACRS Depreciation Methods Conventions MACRS Conventions Short Tax Year Depreciation Short Tax Year Short Tax Year Conventions Computing Depreciation in a Short Tax Year Section 179 Expense Section 179 Limits Section 179 Election/Revocation Section 179 Qualifying Property Section 179 Nonqualifying Property Section 179 Carryover Section 179 Recapture Special Depreciation Allowance Special Depreciation Allowance (Bonus Depreciation) Qualified Improvement Property Cost Recovery for Qualified Improvement Property Repairs and Improvements Tangible Property Regulations Routine Maintenance Safe Harbor Capitalize Repair and Maintenance Costs Election De Minimis Safe Harbor Election Small Taxpayer Safe Harbor Election Materials and Supplies Remodel-Refresh Safe Harbor Intangible Assets Section 197 Intangibles Recovering the Cost of Computer Software General Asset Account (GAA) GAA Election Depreciation Adjustments for Alternative Minimum Tax AMT Depreciation Adjustments Correcting Depreciation Errors Correcting Depreciation Errors Section 481 Adjustment Miscellaneous Depreciation Issues Income Forecast Method Unit-of-Production Method Abandonment Idle Property Cost Segregation Depletion Depletion Allowance Oil and Gas Wells Geothermal Property and Other Mineral Property Depreciation for Like-Kind Exchanges and Involuntary Conversions Depreciating Replacement Property MACRS Recovery Periods MACRS Recovery Periods, GDS, and ADS MACRS Percentage Charts MACRS 20% Declining-Balance MACRS Worksheet MACRS 200% Declining-Balance Method Mid-Quarter Convention Residential Rental Property Nonresidential Real Property MACRS Short-Year Depreciation—Short Cut Percentage Method
Tab 10	Automobiles and Listed Property More(+)		X		X
Vehicle Depreciation Limitations (Section 280F) Chart Section 179 Expense Limits Chart Standard Mileage Rate Per Mile Business Autos Transportation vs. Travel Commuting Office in the Home—Commuting Exception Standard Mileage Rate vs. Actual Expenses Standard Mileage Rate Method Actual Expense Method Section 280F Depreciation Limits Maximizing Section 179—Autos Worksheet Qualified Nonpersonal-Use Vehicles MACRS Depreciation on Business Autos Depreciation After End of Recovery Period Converting Personal Use Auto to Business Use Converting Business Use Auto to Personal Use Depreciation Recapture Sale of Business Auto Business Auto Trade-In Rules Trade-Ins After 2017 Leased Autos Listed Property Rules for Listed Property Depreciation for Listed Property Recordkeeping for Listed Property Reporting Listed Property Lease Inclusion Tables
Tab 11	Tax Credits More(+)		X		X
Retirement Savings Contribution Credit Chart Earned Income Credit Chart Child and Dependent Care Credit Percentages Chart Tax Credits Chart Due Diligence Requirements Due Diligence Requirements Chart Delayed Refunds for Refundable Credits Enforcement Adoption Expenses Adoption Credit and Exclusion When to Claim Credit and Exclusion Children With Special Needs Child and Dependent Care Expenses Exclusion or Credit Qualifying Person Child and Dependent Care Credit Eligibility Exclusion on Separate Returns Work-Related Expenses Provider Identification and Certification Earned Income Child Tax Credit and Credit for Other Dependents Child Tax Credit Qualifying Child Additional Child Tax Credit Credit for Other Dependents Credit for the Elderly or the Disabled Earned Income Credit Basics of the Earned Income Credit (EIC) Qualifying Child Earned Income Credit Eligibility Chart Investment Income Limit Earned Income Federal Tax Paid on Fuels Credit for Federal Tax Paid on Fuels First-Time Homebuyer Credit Repayment of First-Time Homebuyer Credit Foreign Tax Credit Tax Paid to a Foreign Country Mortgage Interest Credit Who May Claim the Credit Premium Tax Credit Premium Tax Credit (PTC) Premium Tax Credit (PTC) Terms Reconciliation/Repayment of Advance Payments Shared Policy Allocations Health Coverage Tax Credit Health Coverage Tax Credit (HCTC) Who May Claim the Credit Form 8885, Health Coverage Tax Credit Residential Energy Credits Expiration of Residential Energy Credits Nonbusiness Energy Property Credit Residential Energy Efficient Property Credit Residential Energy Credits Chart Retirement Savings Contribution Credit Credit Amount Residential Energy Credits Chart Vehicle Credits Expiration of Vehicle Credits Alternative Motor Vehicle Credit (IRC §30B) Alternative Fuel Vehicle Refueling Property Credit (IRC §30C) Plug-In Electric Drive Vehicle Credit (IRC §30D)
Tab 12	Children, College, and Family More(+)		X		X
Claiming a Dependent's Education Expenses Chart Children Subject to Kiddie Tax Chart Comparison of Education Credits Chart Modified AGI for Computing Education Tax Benefits Chart Education Benefits Comparison Chart Coordinating Education Benefits Form 1098-T, Tuition Statement American Opportunity Credit Due Diligence Requirements American Opportunity Credit Amount Restrictions Eligible Students Qualified Education Expenses Lifetime Learning Credit Lifetime Learning Credit Tax Benefit Restrictions Eligible Students Qualified Education Expenses Tuition and Fees Deduction Tuition and Fees Deduction Tax Benefit Restrictions Eligible Students Qualified Education Expenses Qualified Tuition Programs (QTPs) and Education Savings Accounts (ESAs) QTP and ESA Tax Benefits QTP and ESA Contributions Chart Qualified Expenses for QTPs and ESAs Tax-Free Distributions Taxable Distributions QTP Rollovers ESA Rollovers Exceptions to 10% Additional Tax—Education Losses on QTPs and ESAs Scholarships, Fellowships, and Grants Tax-Free Scholarships Taxable Scholarships Coordination With Other Education Benefits Reporting Qualified Tuition Reductions Graduate Education U.S. Savings Bond Interest Exclusion Exclusion Rules Qualified Savings Bonds Qualified Education Expenses Dependents Penalty-Free IRA Distributions Penalty Exception Qualified Education Expenses Coordination With Other Education Benefits Student Loan Interest Deduction Children and Taxes Kiddie Tax Divorce Property Settlements and Transfers Qualified Domestic Relations Order (QDRO) Deducting Legal Fees Alimony Child Support Underpayment of Alimony or Child Support
Tab 13	Retirement, Social Security, and Medicare More(+)		X		X
Disaster Relief IRA Limits Chart Social Security and Medicare Highlights Chart Taxable Social Security Benefits Base Amounts Chart Pension Plan Limitations Chart Rollover Chart Exceptions to the 10% Penalty on Early Distributions Chart Pension Plan Characteristics Chart Pension Plan Advantages/Disadvantages Chart Individual Retirement Arrangements (IRAs) Who Can Set Up a Traditional IRA? Compensation for IRA Contribution Purposes IRA Investment Prohibited Transactions Involving IRAs Investment in Collectibles Distributions Excess IRA Contributions Excess Contribution Penalty How to Correct an Excess Contribution Excess Contribution Withdrawn After Due Date for the Return Deducting an Excess Contribution in a Later Year Reduced IRA Deduction Phaseout Based on Modified AGI (MAGI) Modified Adjusted Gross Income (MAGI) Covered By an Employer Retirement Plan Nondeductible Contributions to IRAs Roth IRAs What is a Roth IRA? Distributions Distributions After Roth IRA Participant's Death Conversion Rules Recharacterization Reporting for Roth IRAs Roth 401(k) and Roth 403(b) Plans Simplified Employee Pension (SEP) SEP IRAs Savings Incentive Match Plans for Employees (SIMPLE) SIMPLE IRAs SIMPLE IRA Contributions Distributions From SIMPLE IRAs Other Retirement Plans Qualified Plans Defined Contribution Plans Defined Benefit Plans Section 401(k) Plans Tax-Sheltered Annuity Plans, or Section 403(b) Plans Employee Stock Ownership Plan (ESOP) Section 457 Deferred Compensation Plans Vesting Rules Deemed IRA Railroad Retirement Federal Retirement Distributions Loans From Retirement Plans Survivors and Beneficiaries Nonqualified Plans Lump-Sum Distributions Rollovers and Transfers Tax-Free Rollovers and Transfers Rollover Trustee-to-Trustee Transfer Transfers Incident to a Divorce Disaster-Related Relief Required Minimum Distributions (RMD) Required Minimum Distribution Rules 50% Penalty Tax on Excess Accumulations Inherited IRAs Inherited Retirement Plans Other RMD Rules Contributions After Age 70½ Life Expectancy Tables Miscellaneous Distributions Pension Plans of Public Safety Employees Qualified HSA Funding Distribution (QHFD) Qualified Reservist Distribution Achieving a Better Life Experience (ABLE) Social Security Social Security Basics Earnings Records Taxable Social Security Benefits How Benefits Are Calculated How Work Affects Retirement Benefits Supplemental Security Income (SSI) Medicare Medicare Is a Health Insurance Program for: Medicare Eligibility Medicare Part A Premiums Medicare Part B Premiums Medicare Part C Coverage Medicare Part D Prescription Drug Plan (PDP) Coverage Gap (“Donut Hole”) Medigap (Medicare Supplemental Insurance) Medicaid
Tab 14	Other 1040 Topics More(+)		X		X
Household Employment Tax Requirements Chart AMT Exemption—Individuals Chart AMT Exemption Phaseout Range Chart Health Savings Account (HSA) Limits Chart Foreign Earned Income Exclusion Amounts Chart Form 6251—AMT Adjustments Summary Chart Household Employees Schedule H, Household Employment Taxes 2019 Filing Requirements Alternative Minimum Tax 2019 AMT Rate Schedule 2019 AMT Exemption—Individuals 2019 AMT Exemption Phaseout Range* Form 6251, Alternative Minimum Tax—Individuals Incentive Stock Options—AMT Adjustments AMT and Children Partners and S Corporation Shareholders Credits and AMT Credit for Prior Year AMT Community Property Filing Separately Community Property Rules for Registered Domestic Partners Clergy and Religious Workers Ministers Parsonage (Housing) Allowance Health Savings Account (HSA) U.S. Armed Forces Armed Forces Income Combat Zones Extensions and Deferrals Principal Residence Purchase or Sale Military Reservists Foreign Income Taxation of Worldwide Income Foreign Earned Income Bona Fide Residence Test Physical Presence Test Foreign Earned Income Exclusion and Housing Exclusion and Deduction Extensions for Taxpayers Abroad Amended Returns Filing Claim for Refund Form 1040-X, Amended U.S. Individual Income Tax Return Form 1045, Application for Tentative Refund Tax-Related Identity Theft Detecting and Reporting Identity Theft Identity Protection PIN (IP PIN) Program Data Theft Information for Tax Professionals
Tab 15	IRS, Penalties, and Audits More(+)		X		X
IRS Contact Information Taxpayer Advocate Service Refund Inquiries Filing and Extended Due Dates Chart Extensions Overpayment/Underpayment Interest Rates Chart Transcripts Taxpayer Penalties Chart Return Preparer Penalties Chart Preparer Tax Identification Number (PTIN) First Time Penalty Abatement Private Debt Collection Disaster Extended Tax Deadlines Disaster Relief Statutes of Limitations Recordkeeping Military Exceptions Date Considered Filed Assessment Collection Unfiled Returns Penalty for Underpayment of Estimated Tax Estimated Tax Penalty Joint Return to Separate Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts Directing Payments Taxpayer Unable to Pay File the Tax Return on Time Additional Time to Pay Offer in Compromise (OIC) Summary of an Offer in Compromise (OIC) Eligibility To Submit an Offer Evaluation Process IRS Audits Selection of Returns for Examination Schedule C, Profit or Loss From Business IRS Audits Audit Strategy Repeat Examinations Concluding an Audit Appeal Within the IRS Tax Court Annual Filing Season Program AFSP Requirements Practice Before the IRS Authorizing a Representative New Tax Transcript Disclosure of Tax Return Information Tax Return Information Taxpayer Consent IRS Collection Process Taxpayer Bill of Rights Fast Track Mediation—Collection (FTMC) Payment Options Federal Tax Liens IRS Levies Revocation or Denial of Passport Relief from Joint and Several Liability on Joint Returns Innocent Spouse Injured Spouse Electronic Filing e-File Requirement for Tax Return Preparers Applying to Become an e-File Provider Electronic Return Originators (EROs) Individual Returns Not Eligible for e-File Timely Filing Signing an Electronic Return—Individuals Corporations, Partnerships, Estates, and Trusts Signing an Electronic Return
FTF	FastTaxFacts 1099/W2 Roadmap More(+)		X
W-2, Wage Statement W-2G, Certain Gambling Winnings 1099-MISC, Miscellaneous Income 1099-INT, Interest Income 1099-DIV, Dividends and Distributions 1099-B, Proceeds From Broker and Barter Exchange Transactions 1099-S, Proceeds From Real Estate Transactions 1099-R, Distributions From Pensions, Annuities, Retirement, or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 1099-G, Certain Government Payments 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA Form 1098-E, Student Loan Interest Statement Form 1098-T, Tuition Statement 1099-Q, Payments From Qualified Education Programs (Under Section 529 and 530) Form 1099-A, Acquisition or Abandonment of Secured Property Form 1099-C, Cancellation of Debt 1099-LTC, Long-Term Care and Accelerated Death Benefits 1099-PATR, Taxable Distributions Received From Cooperatives
Tab 16	Where to File and Tools More(+)		X		X
Private Delivery Services (PDS) Chart Private Delivery Service (PDS) Street Addresses Chart Where to File Forms 1040, 4868, and 1040-ES Chart Where to File Business Returns Tools for Tax Pros Client Communications Client Organizers Client Tracking Tools/Preparer Tools Consent and Engagement Tax Preparer Worksheets and Tables
Tab 17	States More(+)		X		X
State Websites Contact Information Filing Requirements Income Tax Form Tax Rate Schedules Return Mailing Addresses Extension Information Federal Attachments
Small Business Coverage
Tab	Tab Title	Small Business	Deluxe Edition Plus	Deluxe Supplement	1040 Edition
Tab 18	C Corporations, 1120 More(+)	X	X
C Corporation Income Tax Rates, Form 1120 Where to File Filing Requirements Filing Deadline Extension of Time to File Penalties Electronic Filing Special Returns for Certain Organizations Chart Amended C Corporation Return Corporations Businesses Taxed as Corporations Legal Aspects of Corporations Payments to Shareholders Controlled Groups C Corporation Taxation C Corporation Income Tax C Corporation Tax Rates C Corporation Estimated Tax Depositing Taxes Quick Refund of Overpayment of Estimated Tax Change of Name or Address Capital Contributions Capital Contributions Basis IRC Section 351—Nontaxable Transfers Reporting an IRC Section 351 Transfer Use Caution When Transferring Personal Assets Stock C Corporation Advantages Fringe Benefits Rents and Royalty Payments Employer-Provided Living Expenses (IRC §119) Loans Losses on Small Business Stock (IRC §1244) Gain Exclusion on Small Business Stock (IRC §1202) C vs. S Corporation Comparison S Corporation Conversion to C Corporation Income and Expenses of a Corporation Entertainment Expense Business Interest Expense Tax Rules for Corporations Capital Losses Capital Gains Charitable Contributions Start-Up Costs and Organizational Costs Dividends Received Deduction Corporate Net Operating Loss (NOL) Miscellaneous Corporate Topics Corporate Alternative Minimum Tax (AMT) Accounting Methods Tax Credits Shareholder Wages Employee/Shareholder Reasonable Compensation Assignment of Income Distributions to Shareholders Dividends Constructive Dividends (Taxable Distributions) Form 1099-DIV Form 5452, Corporate Report of Nondividend Distributions Earnings and Profits (E&P) Entity Classification Election Basic Classification Rules Accumulated Earnings Tax Personal Service Corporations (PSCs) Personal Holding Companies (PHCs) Personal Holding Company Income Personal Holding Company Tax Homeowners' Associations Form 1120, 1120-H, or 990 Series Homeowners' Associations (IRC §528) Types of Homeowners' Associations Choice of Tax Form Stock Redemptions Tax Planning with Stock Redemptions and Liquidations Corporate Reorganizations Qualifications for Tax-Free Reorganization Distributions of Stock Under Reorganization Corporate Liquidations Complete Liquidation—C or S Corporations Election to Treat Stock Purchase as Asset Acquisition C Corporation Example Incorporation Agreement Health Savings Accounts SIMPLE Plan Organizational Costs and Start-Up Costs Purchase of Assets Payroll Dividends Financial Statements Line-by-Line Explanation of C Corporation Example—Page 1, Form 1120 Income Deductions Schedule J, Tax Computation and Payment Schedule L, Balance Sheet per Books Schedule M-1, Reconciliation of Income (Loss) per Books With Income per Return Schedule M-2, Analysis of Unappropriated Retained Earnings per Books (Line 25, Schedule L) Depreciation Worksheet
Tab 19	S Corporations, 1120S More(+)	X	X
Filing Requirements Electronic Filing Business Activity Codes Filing Deadline Amended Form 1120-S Where to File S Corporation (Form 1120-S) K-1 Codes S Corporation Advantages/Disadvantages Chart Penalties Taxation Summary—Corporations and Partnerships Basics of S Corporations S Corporation Formation S Corporation Qualifications Ineligible Corporations One-Class-of-Stock Rule Form 2553, Election by a Small Business Corporation Relief for Late S Corporation Elections Termination of S Corporation Status Termination Inadvertent Termination Five-Year Waiting Period for Reinstatement Treatment of S Corporation Termination Year Flow-Through to S Corporation Shareholders Ordinary Business Income Pro-Rata Allocation/Per-Share/Per-Day Separately Stated Items Shareholder Basis S Corporation Shareholder's Basis S Corporation Shareholder's Basis Adjustments Loans Charitable Contributions of Appreciated Property by S Corporations Basis of S Corporation Stock Upon Conversion From C Corporation Discharge of Indebtedness Distributions Acronyms S Corporations With No Earnings and Profits (E&P) Accumulated Adjustments Account (AAA) Other Adjustments Account (OAA) Ordering Rules Election to Distribute Earnings and Profits First Post Termination Transition Period (PTTP) S Corporation Liquidation S Corporation Taxes S Corporation Pass Through Excess Net Passive Income Tax (IRC §1375) Built-In Gains (BIG) Tax Investment Credit Recapture Tax Last-In First-Out (LIFO) Recapture Tax Estimated Tax Payments Miscellaneous S Corporation Issues Required Tax Year for S Corporations and PSCs Employee Business Expense for S Corporation Shareholder Reasonable Compensation Fringe Benefits for S Corporation Shareholders No Carryovers Between C and S Year S Corporation Example Scenario Incorporation Agreement Health Savings Accounts SIMPLE Plan Organizational and Start-Up Costs Purchase of Assets Payroll Distributions Financial Statements Line-by-Line Instructions (Form 1120-S) Income Deductions Schedules K and K-1 (Form 1120-S) Schedule L—Balance Sheet per Books Schedule M-1—Reconciliation of Income (Loss) per Books with Income (Loss) per Return Schedule M-2
Tab 20	Partnerships and LLCs, 1065 More(+)	X	X
Filing Requirements Electronic Filing Business Activity Codes Filing Deadline Amended Form 1120-S Where to File S Corporation (Form 1120-S) K-1 Codes S Corporation Advantages/Disadvantages Chart Penalties Taxation Summary—Corporations and Partnerships Basics of S Corporations S Corporation Formation S Corporation Qualifications Ineligible Corporations One-Class-of-Stock Rule Form 2553, Election by a Small Business Corporation Relief for Late S Corporation Elections Termination of S Corporation Status Termination Inadvertent Termination Five-Year Waiting Period for Reinstatement Treatment of S Corporation Termination Year Flow-Through to S Corporation Shareholders Ordinary Business Income Pro-Rata Allocation/Per-Share/Per-Day Separately Stated Items Shareholder Basis S Corporation Shareholder's Basis S Corporation Shareholder's Basis Adjustments Loans Charitable Contributions of Appreciated Property by S Corporations Basis of S Corporation Stock Upon Conversion From C Corporation Discharge of Indebtedness Distributions Acronyms S Corporations With No Earnings and Profits (E&P) Accumulated Adjustments Account (AAA) Other Adjustments Account (OAA) Ordering Rules Election to Distribute Earnings and Profits First Post Termination Transition Period (PTTP) S Corporation Liquidation S Corporation Taxes S Corporation Pass Through Excess Net Passive Income Tax (IRC §1375) Built-In Gains (BIG) Tax Investment Credit Recapture Tax Last-In First-Out (LIFO) Recapture Tax Estimated Tax Payments Miscellaneous S Corporation Issues Required Tax Year for S Corporations and PSCs Employee Business Expense for S Corporation Shareholder Reasonable Compensation Fringe Benefits for S Corporation Shareholders No Carryovers Between C and S Year S Corporation Example Scenario Incorporation Agreement Health Savings Accounts SIMPLE Plan Organizational and Start-Up Costs Purchase of Assets Payroll Distributions Financial Statements Line-by-Line Instructions (Form 1120-S) Income Deductions Schedules K and K-1 (Form 1120-S) Schedule L—Balance Sheet per Books Schedule M-1—Reconciliation of Income (Loss) per Books with Income (Loss) per Return Schedule M-2
Tab 21	Estates, Trusts, and Fiduciaries, 1041, 706, 709 More(+)	X	X
Annual Exclusion for Gifts Chart Estate and Gift Tax Exclusion, Credit, and Tax Rate Chart Capital Gain and Qualified Dividend Rates Chart Form 1041—Estates and Trusts Taxable Income Chart Form 1041 Federal Tax Rate Schedule Form 1041—Estates and Trusts Income Tax Return Chart Prior Years Form 1041 Federal Tax Rate Schedules Where to File—Form 1041 Chart State Estate and Inheritance Tax States with Estate or Inheritance Tax Estate and Gift Tax Federal Tax Rate Schedules Form 706—Estate Tax Return Where to File—Form 706 or 709 Chart Estate and Gift Tax Form 709—Gift Tax Return Form 709—Filing Requirements Chart Death of a Taxpayer—Common Forms and Returns Estates and Trusts (Form 1041) K-1 Codes Death of Taxpayer Property Passing at Death Probate Wills and Intestacy Personal Representatives Revocable Trusts at Death Income in the Year of Death Income in Respect of Decedent (IRD) Wages U.S. Savings Bonds at Death Decedent's Final Form 1040 Who Files and Signs Filing Requirements Income Deductions Credits Form 1041, Estates and Trusts Income Tax Return Estates Simple and Complex Trusts Other Trust Entities Accounting Income Income Capital Gains and Losses Tax-Exempt Income Deductions Termination Year Charitable Deduction, Schedule A (Form 1041) Income Distribution Deduction, Schedule B (Form 1041) Distributable Net Income (DNI) Distributions Schedule K-1 (Form 1041) Form 1041 Examples Alternative Minimum Tax—Estates and Trusts Alternative Minimum Tax (AMT) Calculating AMT Grantor Trusts Grantor Trust Filing Methods Estate and Gift Tax Estate Tax Generation-Skipping Transfer (GST) Tax Marital Deduction Marital Estate Tax Planning Portability of the deceased spousal unused exclusion (DSUE) election Charitable Deduction Valuation Form 709, Gift Tax Return Gift Tax Gifts Subject to Gift Tax Loans Joint Tenancies Not Gifts Annual Exclusion Taxable Gifts Think Twice Before Giving Form 709 Gift Tax Return Examples Gift Splitting Form 706, Estate Tax Return Gross Estate Asset Schedules Deductions Schedule PC, Protective Claim for Refund State Death Tax Deduction for Estate Tax Paid on IRD Basis Basis of Inherited Property Basis of Gifts
Tab 22	Employee Benefits More(+)	X	X
Group Term Life Insurance Chart Who Qualifies as Employees Chart HSA Limitations Chart Employee Fringe Benefits Tax Treatment of Fringe Benefits Employees for Tax-Favored Fringe Benefit Purposes Nondiscrimination Rules for Fringe Benefits Achievement Awards [IRC §74(c)] Archer MSAs (IRC §220) Athletic Facilities [IRC §132(j)(4)] Cafeteria Plans (IRC §125) De Minimis Benefits [IRC §132(e)] Dependent Care Assistance (IRC §129) Educational Assistance (IRC §127) Employee Discounts [IRC §132(c)] Employee Stock Options [IRC §83(i)] Employer-Provided Cell Phones Employer-Provided Vehicles Group-Term Life Insurance (IRC §79) Health Benefits (IRC §105 and IRC §106) Health Savings Accounts (HSAs) (IRC §223) Meals and Lodging (IRC §119) Moving Expense Reimbursements [IRC §132(g)] No-Additional-Cost Services [IRC §132(b)] Retirement Planning Services [IRC §132(m)] Transportation Commuting Benefits [IRC §132(f)] Tuition Reduction [IRC §117(d)] Working Condition Benefits [IRC §132(d)]
Tab 23	Payroll and Labor Laws, 940, 941 More(+)	X	X
Payroll Deposit Penalties Chart Form 941—Payroll Deposit Schedule Chart 2020 Employer's Payroll Tax Calendar Payroll Tax Deposits Electronic Federal Tax Payment System (EFTPS) Certified Professional Employer Organization (CPEO) Other Payroll Deposit Rules Form W-4, Employee's Withholding Allowance Certificate Form 941, Employer's Quarterly Federal Tax Return Federal Insurance Contributions Act (FICA) Employer's Quarterly Federal Tax Return (Form 941) Form 944, Employer's Annual Federal Tax Return Form 943, Employer's Annual Federal Tax Return for Agricultural Employees Form 945, Annual Return of Withheld Federal Income Tax Backup Withholding Employment Tax Form Corrections Form W-2 and Form W-3 Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return FUTA Tax Special Rules for Various Types of Employment Trust Fund Recovery Penalty Form 1099-MISC, Miscellaneous Income Non-Employee Payments for Work Performed by Outside Workers Other Payroll Issues Payroll Recordkeeping Gross-Up Computation Fringe Benefits Supplemental Wages Tip vs. Wage Reporting Employer-Sponsored Health Insurance Labor Laws Fair Labor Standards Act (FLSA) Family and Medical Leave Act Equal Employment Opportunity (EEO) Occupational Safety and Health Act of 1970 (OSHA) New Hire Reporting Requirements
Tab 24	Business Tools & Worksheets More(+)	X	X
Private Delivery Services (PDS) Where to File Business Returns Income Tax Form 1065 (Tab 20), 1120 (Tab 18), or 1120-S (Tab 19) Payroll Tax Forms 940, 941, 943, 944, 945, or 945 (Tab 23) Exempt Organization Forms 990, 990-EZ, or 990-T (Tab 31) Tools for Tax Pros Client Communications Client Organizers Client Tracking Tools/Preparer Tools Consent and Engagement Tax Preparer Worksheets and Tables
Tab 25	Other Business Topics More(+)	X	X
Learning to Prepare Income Tax Returns for Partnerships/Corporations Starting With Schedule C (Form 1040) Structure and Taxation of Business Entities Greener Pastures Partnership Scenario Effect on Forms 1040 of Partners Corporations Employee Benefit Plan Excise Taxes Return of Excise Taxes Related to Employee Benefit Plans Tax-Exempt Organization Overview Tax-Exempt Filing Requirements for Exempt Organizations Penalties Unrelated Business Income Tax Tax-Exempt Organization Search Principal Business or Professional Activity Codes for Corporations and Partnerships
Tab 26	What's New Business More(+)	X	X
What's New—2019 and Beyond Final Safe Harbor Rules for Rental Real Estate Activities Bonus Depreciation Final Regulations Final HRA Regulations Luxury Car Depreciation Limits Safe Harbor How Previously Suspended Losses Affect the QBI Deduction Standard Mileage Method Rules Updated Partners in a Partnership That Owns a Disregarded Entity LLC Disregarded for Income Tax Purposes is a Corporation for Employment Tax Purposes Certified Professional Employer Organization (CPEO) Gig Economy Disallowance of Business Deductions for Legal Medical Marijuana Dispensary is Constitutional
Tab 27	Starting a Business More(+)	X		X
Websites Starting a Business Checklist Business Entity Pros and Cons Chart Business Entity Comparison Chart Entity Classification Elections Chart Targeting a Business Plan to a Specific Audience Chart Business Agreements Chart Business Plans Starting a Business Preparation of a Business Plan Organization of the Business Plan Executive Summary Mission, Vision, and Description Products and Services Marketing Plan Operational Plan Management and Organization Personal Financial Statement Start-Up Costs and Capitalization Financial Plan Forecasting Profit and Loss Projected Cash Flow (12 Months) Use of Budgets in Ongoing Operations Internal Control, Accounting Procedures, and Insurance Internal Control Accounting Procedures Insurance SWOT Analysis Reasons Businesses Fail Going Out of Business Tax Checklist Succession Planning Business Valuation Hiring Practices Avoiding Improper Interview Questions Legal Considerations Truth in Advertising Patents, Trademarks, and Copyrights Contracts Financing—Small Business Administration 7(a) Loan Program Certified Development Company (CDC), 504 Loan Program Microloan Program Disaster Loans Book to Tax Adjustments Income per Books vs. Taxable Income Book to Tax Adjustments - Schedule M-1 Chart Contributed Property Depreciation Schedule M-1, Reconciliation of Income (Loss) per Books With Income per Return Schedule M-3 State Secretaries of State Contact Information Registering Patents, Trademarks, and Copyrights
Tab 28	Sales, Dispositions, Liquidations More(+)	X		X
Tax Treatment for Sellers and Buyers Chart Closing a Business Closing a Business Checklist Actions to Take When Closing a Business Cancelling an Employer Identification Number (EIN)—Closing an Account Sale of a Business Sale of Business Assets Asset Acquisition Statement Classes of Assets Sale of a Business Planning Issues Buyer vs. Seller Sale of Stock vs. Sale of Assets Self-Employment Tax—Sale of Business Partnership—Sale of Business Non-Tax Issues Sale of Business Examples C Corporation—Sale of Business Example S Corporation—Sale of Business Example Partnership—Sale of Business Example
Tab 29	Small Business Retirement More(+)	X		X
Where to Deduct Qualified Pension Plan and IRA Contributions Chart Pension Plan Limitations Chart Rollover Chart Pension Plan Characteristics Chart Pension Plan Advantages/Disadvantages Chart Financial Hardship Distributions Chart Small Business Retirement Plans Benefits for Offering a Retirement Plan IRS Retirement Plans Navigator Definitions IRA Based Plans Individual Retirement Arrangement (IRA) Payroll-Deduction IRA Simplified Employee Pension (SEP) SIMPLE IRA Plan Qualified Plans Qualified Retirement Plans Defined Contribution Plans Defined Benefit Plans IRC Section 414(x) Combined Plans How to Set Up a Qualified Plan Employment Retirement Income Security Act (ERISA) Minimum Funding Requirement Vesting Rules Contributions Employer Deduction 401(k) Plans SIMPLE 401(k) Plan Safe Harbor 401(k) Plan Solo 401(k) Plan Qualified Roth Contribution Program Distributions Rollovers and Transfers Inherited Retirement Plans Prohibited Transactions Plan Errors and Corrections Reporting Requirements Nonqualified Deferred Compensation Plans Nonqualified Deferred Compensation Plans Section 457 Deferred Compensation Plans IRC Section 409A Rules
Tab 30	Employee Health Benefits More(+)	X		X
HSA Limit Worksheet Chart HSA Limitations Chart HSA Penalties Chart Where to Deduct HSA Contributions Chart Archer MSA Limitations Chart Medical Fringe Benefit Plans Chart Employer Contributions to Accident and Health Plans Employer-Provided Medical Coverage Employer Mandate—Affordable Care Act COBRA Penalty for Large Employers Credit for Small Employer Health Insurance Premiums Health Reimbursement Arrangements (HRAs) Tax Benefits Qualifying for an HRA HRA Contributions HRA Distributions Qualified Small Employer HRA (QSEHRA) Flexible Spending Arrangements (FSAs) Tax Benefits Qualifying for an FSA FSA Contributions FSA Distributions Health Savings Accounts (HSAs) HSA Qualifications Contributions to an HSA Limit on Contributions Rollovers Contribution Deadline Reporting Contributions HSA Distributions Reporting Distributions on the Tax Return Balance in an HSA Death of HSA Holder Employer Participation Medical Savings Accounts (MSAs) Qualifying for an MSA Excess Medical Reimbursements Are Excess Medical Reimbursements Taxable?
Tab 31	Business Credits More(+)	X		X
Assembling Form 3800 3 Steps to Determine Qualification for the Credit for Small Employer Health Insurance Premiums Chart Business Credits Chart General Business Credit General Business Credit (Form 3800) Reducing Certain Expenses for Which Credits Are Allowable Alternative Fuel Vehicle Refueling Property Credit (Form 8911) Alternative Motor Vehicle Credit (Form 8910) Biodiesel and Renewable Diesel Fuels Credit (Form 8864) Biofuel Producer Credit (Form 6478) Carbon Oxide Sequestration Credit (Form 8933) Credit for Employer Differential Wage Payments (Form 8932) Credit for Employer-Provided Childcare Facilities and Services (Form 8882) Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (Form 8846) Credit for Increasing Research Activities (Form 6765) Credit for Small Employer Pension Plan Start-Up Costs (Form 8881) Credits for Affected Disaster Area Employers (Form 5884-A) Disabled Access Credit (Form 8826) Distilled Spirits Credit (Form 8906) Employer Credit for Paid Family and Medical Leave (Form 8994) Empowerment Zone Employment Credit (Form 8844) Energy Efficient Home Credit (Form 8908) Enhanced Oil Recovery Credit (Form 8830) Indian Employment Credit (Form 8845) Investment Credit (Form 3468) Low-Income Housing Credit (Form 8586) Mine Rescue Team Training Credit (Form 8923) New Markets Tax Credit (Form 8874) Orphan Drug Credit (Form 8820) Qualified Plug-In Electric Drive Motor Vehicle Credit (Form 8936) Qualified Railroad Track Maintenance Credit (Form 8900) Renewable Electricity, Refined Coal, and Indian Coal Production Credit (Form 8835) Credit for Small Employer Health Insurance Premiums (Form 8941) Work Opportunity Credit (Form 5884) Other Credits Credit for Federal Tax Paid on Fuels (Form 4136) Credit for Prior Year Minimum Tax—Corporations (Form 8827) Credit for Small Employer Health Insurance Premiums
Tab 32	Tax-Exempt Orgs More(+)	X		X
Which Form to File Chart Effective Date of Tax-Exempt Status Chart Tax-Exempt Organization Reference Chart Tax-Exempt Organizations Tax-Exempt Common Types of Exempt Organizations Exempt Organization Components Tax-Exempt Qualifications Nonqualified Organizations Private Foundations Exempt Organization Responsibilities Applying for Exempt Status Types of Applications User Fees Annual Filing Requirements Penalties Unrelated Business Income Tax Unrelated Business Income Exceptions and Special Rules Form 990-T, Exempt Organization Business Income Tax Return
Tab 33	Business Audit Strategies More(+)	X		X
Websites Industries/Professions Tax Centers Examination Letters IRS Audit and Appeals Process Guide to an IRS Audit Taxpayer Bill of Rights IRS Audit Audit Process Records The Audit Examination Workpapers and Initial Interview Sample Initial Interview Questions Worker Classification Voluntary Classification Settlement Program Minimum Income Probes In-Depth Examinations of Income Formal Indirect Methods—IRS Audit IRS Audit Techniques for Businesses IRS Links to Industries and Professions Partnership Audit Rules Partnership Distributions—Disguised Sales Activities Not Engaged in For Profit Cash Intensive Businesses Daycare Provider Expenses Excise Tax on Indoor Tanning Executive Compensation—Fringe Benefits Capitalization of Tangible Property Cost Segregation Farmers—Income General Livestock Monitoring of Authorized IRS e-File Providers Industry Issue Resolution (IIR) Program IIR Program Goal Business Tax Issues Appropriate for IIR IIR Submission Procedures
Tab 34	States Business Tax Summary More(+)	X		X
Business Return Filing Requirements Sales and Use Tax Tax Rate Schedules State Web Sites Contact Information Sales Tax - Remote Sellers (Wayfair Decision) Chart
Deluxe Supplement Coverage
Tab	Tab Title	Small Business	Deluxe Edition Plus	Deluxe Supplement	1040 Edition
Tab 35	Daycare Providers More(+)			X
Daycare Providers Kith and Kin Family Daycare In-Home Care Income Common Daycare Deductions Qualified Business Income Deduction Independent Contractor vs. Employee Business Use of Home General Rules Exclusive Use Exception for Daycare Facilities Regular Use vs. Exclusive Use Determining Business Percentage Calculating the Allowable Deduction Simplified Method Expenses Related to Tax-Exempt Income Depreciation of the Home Modifications to the Home Sale of the Home Meals Actual Expense Method Standard Meal and Snack Rates Family Daycare Provider Meal and Snack Log
Tab 36	Direct Sellers More(+)			X
Direct Sellers Direct Selling Overview Tax Considerations for Direct Sellers Types of Direct Selling Companies Direct Seller Gross Income Qualified Business Income Deduction Direct Seller Expenses Business Use of Home Business Taxes Accounting Methods Recordkeeping and Substantiation Rules Partnership vs. Sole Proprietorship Schedule C, Profit or Loss From Business Gross Profit Cost of Goods Sold (COGS) Other Income Expenses Net Profit (or Loss) Profit vs. Not-for-Profit Issue—Business or Hobby Activity for Profit Test Court Case Sales Representatives Qualified Business Income Deduction Travel and Transportation Expenses Meals and Entertainment Gifts Accountable and Nonaccountable Plans No Deduction Allowed for Substantial Business Use of RV
Tab 37	Employee Stock Options More(+)			x
Tab 38	Farmers, Ranchers, and Hobbies More(+)			X
Farmers and Ranchers Common Terms Unique Tax Situations Related Industries Not Covered Farm Accounting Methods Farm Inventory Farm Income Weather-Related Sales Rents and Crop Shares Agricultural Program Payments Patronage Dividends Cancellation of Debt Income From Other Sources Income Averaging for Farmers and Fishermen Qualified Business Income (QBI) Deduction Self-Employment Tax Income Subject to Self-Employment Tax Self-Employment Tax Farm Optional Method Estimated Taxes Estimates for Farmers Farm Business Expenses Personal and Business Expenses Prepaid Farm Supplies Prepaid Livestock Feed Hired Labor Repairs and Maintenance Breeding Fees Fertilizer and Lime Truck and Car Expenses Marketing Quota Penalties Tenant House Expenses Items Purchased for Resale Capital Expenses Nondeductible Expenses Agricultural Employers Farm Worker Employees vs. Independent Contractors Soil and Water Conservation Expenses Business of Farming Plan Certification Conservation Expenses When to Deduct or Capitalize Depreciation MACRS Section 179 Expense Deduction Special Depreciation Allowance Farm Property Depreciation Methods Gains and Losses Sale of a Farm Section 1231 Gains and Losses Livestock Converted Wetland and Highly Erodible Cropland Timber Sales Condemnation Casualty and Theft Losses Losses From Operating a Farm Hobbies Reporting Hobby Income and Expenses Hobby Loss Example Hobby Loss Rules Regarding Complete and Accurate Records No Profit Is Not Always a Hobby Welsh Ponies Were a Hobby Hobby Expenses Are Constructive Dividends to Shareholder Hair Braiding Expenses Allowed Music Club Losses Limited by Hobby Loss Rules
Tab 39	Nonprofits More(+)			X
Tax-Exempt Organizations Application Procedures Rulings and Determination Letters Appeal Procedures Group Exemption Letter Filing Requirements for Tax-Exempt Organizations Annual Information Returns Form 990 and Form 990-EZ Excise Taxes Due Date Automatic Revocation Penalties Employment Tax Returns Information Provided to Donors Unrelated Business Income Tax Return Unrelated Business Income (UBI) Expenses Tax Rates Example Private Foundation's Gift Shop and Coffee Shop Not Unrelated Trade or Business Advertising Revenue from Trade Publication Subject to Unrelated Business Income Tax Member Fees to Use Parking Lots and Beach Club was Unrelated Business Taxable Income 501(c)(3) Organizations Introduction Charitable Contributions Articles of Organization Educational Organizations and Private Schools Charitable Organizations Religious Organizations Scientific Organizations Literary Organizations Amateur Athletic Organizations Prevention of Cruelty to Children or Animals Private Foundations 501(c)(3) and Private Foundations Excise Taxes on Private Foundations Governing Instrument Private Operating Foundations 501(c)(4) Civic Leagues and Social Welfare Organizations Qualification for Exemption Facts and Circumstances Test Homeowners' Associations Other Examples of 501(c)(4) Organizations 501(c)(5) Labor, Agricultural and Horticultural Organizations Labor Organizations Agricultural and Horticultural Organizations 501(c)(6) Business Leagues Examples of Business Leagues Attributes of Business Leagues 501(c)(7) Social and Recreation Clubs Prohibitions Limitations Non-Membership Income Other 501(c) Exempt Organizations 501(c)(8) Fraternal Beneficiary Societies 501(c)(9) Voluntary Employees' Beneficiary Associations 501(c)(10) Domestic Fraternal Societies 501(c)(12) Local Benevolent Life Insurance Associations, Mutual Irrigation, and Telephone Companies 501(c)(13) Cemetery Companies 501(c)(14) Credit Unions 501(c)(17) Supplemental Unemployment Benefit Trusts 501(c)(19) Veterans' Organizations 501(c)(21) Black Lung Benefit Trusts 501(c)(25) Title-Holding Corporations 501(c)(26) State-Sponsored High-Risk Health Coverage Organizations 501(c)(27) Qualified State-Sponsored Workers' Compensation Organizations 501(c)(29) Qualified Nonprofit Health Insurance Issuers Organization Reference Chart Sample Articles of Organization
Tab 40	Real Estate and Rental Activities More(+)			X
Residential Rental Real Estate When to Report Rental Income Rental Income Rental Expenses Capital Expense vs. Repair Depreciation Section 179 Repair Regulations Vacation Home Rules Dwelling Unit Used as a Home Bolton Method Extreme Makeover: Home Edition TV Reality Show Passive Loss and At-Risk Rules for Rental Real Estate Activities Limits on Rental Losses Material Participation Rental Activities Special $25,000 Rule for Rental Real Estate Grouping Activities Real Estate Professional Form 8582, Passive Activity Loss Limitations At-Risk Rules Ballpark Guesstimate Does Not Establish Real Estate Professional Status
Tab 41	Restaurants More(+)			X
Starting a Restaurant Business Type of Business Entity Employer Identification Number Taxes Imposed on Restaurants Business Expenses Qualified Business Income Deduction Recordkeeping Credible Testimony Allows Some Deductions Under Cohan Rule Food Inventory Accounting Method Cost of Goods Sold Food Consumed by Restaurant Employees Contribution of Food Inventory Depreciation, Capitalization, and Expensing Rules for Restaurants Leased Property Section 179 Expense Election Special Depreciation Allowance Remodel or Refresh a Qualified Building Income From Tips Gross Tip Income Reporting Tips to the Employer Reporting Tips on the Tax Return Allocated Tips Employer Reporting of Tip Income Employer Credit for Social Security and Medicare Taxes Recordkeeping for Tip Income Records Substantiate Amount of Tip Income The Difference Between a Tip and a Wage

TheTaxBook was voted the #1 Tax Research Product in the CPA Practice Advisor's Readers' Choice Awards from 2013-2020. TheTaxBook received over 50% of the votes in 2020. To view the announcement of the 2020 Readers' Choice Awards in the CPA Practice Advisors Magazine, please click here.

Our customers are the reason we exist and their satisfaction is by far our #1 priority. It is our goal to produce the best products, offer them at the best prices, and provide best in class customer service. Our team of knowledgeable customer service representatives makes sure questions are answered promptly and orders are entered correctly. As a small business, we take pride in making sure you are 100% satisfied.

TheTaxBook is preferred over 11-to-1 to Quickfinder®, the CCH Master Tax Guide®, and J.K. Lasser®.*

*In a customer survey, participants were asked to indicate their preference for TheTaxBook compared to several of our competitors.



Out of 415 survey participants who used both TheTaxBook and Quickfinder®
TheTaxBook was preferred 11.6-to-1 over Quickfinder®.

Out of 276 survey participants who used both TheTaxBook and CCH Master Tax Guide®
TheTaxBook was preferred 15.3-to-1 over CCH Master Tax Guide®.

Out of 173 survey participants who used both TheTaxBook and J.K. Lasser®
TheTaxBook was preferred 34.6-to-1 over J.K. Lasser®.

Tax Industry News

Find coverage of new legislation and industry news.
http://thetaxbook.com/news (Current Password Required)

Free Online CPE Hours

Purchase any title from TheTaxBook Series, or a WebLibrary User, and receive free Online CPE Hours for each product purchased. Online CPE Hours do not expire.

Product	Free Online CPE Hours
TheTaxBook Series	1 hour per copy
WebLibrary Plus 1st User	5 hours per 1st user
Additional WebLibrary Plus User	1 hour per additional user
WebLibrary 1st User	2 hours per 1st User
Additional WebLibrary User	1 hour per additional user

Tools for Tax Pros

Electronic printable documents tax professionals use to provide disclosures, recordkeeping, substantiation, and more.

• Tax Organizers: Individual, Sole Proprietor, LLC, C Corporation, S Corporation
• Consent to Disclose Information
• Engagement Letter
• Estate Inventory Worksheet
• Fair Market Value Guide for Noncash Contributions
• Depreciation Worksheet
• and more!

http://thetaxbook.com/tools (Current Password Required)

Message Board

Do you have questions about a client's tax return? Use our Message Board to ask a fellow tax preparer. The Message Board is exclusive to our customers and not available to the general public.
http://thetaxbook.com/message (Current Password Required)

TheTaxBook Updates

Find a listing of pages in TheTaxBook affected by new tax law. Updates provided in PDF format for easy printing.
http://thetaxbook.com/updates (Current Password Required)

Tabbed Index

Book includes a separately tabbed index with extensive page references. More page references means less time searching for your answer.

Table of Contents

Each tab section includes a detailed Table of Contents on the first page. Go right to a tab to find your answer!

Sturdy Binder and Tough Cover

You will reference your book often. The book is designed to withstand hard use.

All Editions are 3-Hole Punched

In addition to the traditional red binding, TheTaxBook is also 3-hole punched. You can keep the book as is or remove the red binding to place the entire book into a 3-ring binder.

"I order TheTaxBook every year. It has been a great reference source and makes things easy to find. I also have recommended it to several of our new tax preparers."
Bonnie Mason
Overgaard, AZ

"I have used TheTaxBook for many years as my primary tax research book and plan on continuing for the foreseeable future."
Lawrence Vicario
Pinetop, AZ

"I wouldn't prepare tax returns without TheTaxBook. It's my go to in a quick, short time for easy reference."
Beatrice Ford
Covina, CA

"TheTaxBook is the gold standard for tax reference materials. The books are well organized, clearly written and easy to understand. The best."
Curtis Edfast
Denver, CO

"I have been a professional tax preparer for 28 years and have been using TheTaxBook for 15 years. They are wonderful reference guide and I would not start tax season without it."
Nancy Butters
Clay City, IN

"Fast, easy to use, in plain English!"
Steven Reidenberg
Yardley, PA

"Your product has been a great help. With the number of questions that I have had, TheTaxBook has saved me a lot of time. I have actually sent my client some of your examples to explain some of their tax problems or situations. Thank you for a wonderful product. "
Dawn Crumpler
Palm Bay, FL

"Great resource. Clients never argue with you once you show them something in black and white…Better than [competitor's name removed]."
Larry Reynolds
Redding, CA

"I would recommend TheTaxBook."
Yvonna Taylor
Ellabell, GA

"Fastest resource guide to US Tax. Customer service was quick and super helpful. Amazing, exceeded all expectations."
Liz Zitzow
London, UK

"Good source of information."
Donald Trimas
Pembroke Pines, FL

"This is the most practical handbook available, and it contains much more information in the space available than any other publication I've ever utilized, and I've been in this business for over thirty years. It is the first reference I use...I was just thinking about how much I had learned about trusts and estates from just a few minutes of reading. I really love the practical approach and the examples."
J. Dennis Silva, CPA
St. Simons Island, GA