Keeping track of the constantly changing tax code is a daunting task. New Tax Law, Revenue Rulings, Filing Requirements, Phase-Outs, Dependency Rules;
Our authors take this massive amount of information and place it in a fast-answer format that makes finding your answer easy.
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
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What's New
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- 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
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- 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
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- No Deductions for Illegal Drug Businesses
- Legal Hemp
- Medical Use
- Schedule 1 Controlled Substance
- Virtual Currency
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- 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
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- 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
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Tab 2
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Federal Tax Table and EIC Table
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- Federal Tax Table and EIC Table
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- Federal Tax Table
- Prior Year Tax Rate Schedules
- Earned Income Credit (EIC) Table
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Tab 3
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1040 Line Instructions
More(+)
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FTF
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FastTaxFacts Dependents
More(+)
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- 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
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Tab 4
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Itemized Deductions, A
More(+)
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- Standard Mileage Rates
- Medical Expenses
- Taxes Paid—Itemized Deductions
- Fair Market Value Guide for Used Items
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- Recordkeeping Rules for Charitable Contributions
- Medical Expenses
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- 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
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- 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
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- 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
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- 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
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- 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
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- Net Qualified Disaster Loss
- Other Itemized Deductions
- Miscellaneous Itemized Deductions
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Tab 5
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Sole Proprietorships and Farmers, C, F, SE
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- 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
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- 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
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- 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
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- 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
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- 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
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- 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
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- Who Pays Self-Employment (SE) Tax
- Self-Employment Tax
- Self-Employment Tax Optional Methods Election
- Schedule F—Profit or Loss From Farming
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- 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
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Tab 6
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Investment Income, B, D, 4797
More(+)
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Tab 7
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Rental, Passive, and At-Risk, E
More(+)
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- 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
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- 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
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- 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)
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- 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
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- 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
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- At-Risk Limits
- At-Risk Basis
- Form 6198, At-Risk Limitations
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Tab 8
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Business Deductions
More(+)
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- 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
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- 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
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- 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
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- 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)
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- 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)
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- 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
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- Capital Expenses
- Start-Up Costs
- Organizational Costs
- Deduction/Amortization
- Making the Election
- What if the Business Never Starts?
- Accounting Periods and Methods
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- 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)
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Tab 9
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Depreciation, 4562
More(+)
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- Half-Year Convention Depreciation Rates
- MACRS Recovery Periods Chart
- Form 4562, Depreciation and Amortization
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- 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)
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- Regular MACRS (GDS)
- Alternative Depreciation System (ADS)
- Comparison of MACRS Depreciation Methods
- Conventions
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- Short Tax Year Depreciation
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- Short Tax Year
- Short Tax Year Conventions
- Computing Depreciation in a Short Tax Year
- Section 179 Expense
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- Section 179 Limits
- Section 179 Election/Revocation
- Section 179 Qualifying Property
- Section 179 Nonqualifying Property
- Section 179 Carryover
- Section 179 Recapture
- Special Depreciation Allowance
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- Special Depreciation Allowance (Bonus Depreciation)
- Qualified Improvement Property
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- Cost Recovery for Qualified Improvement Property
- Repairs and Improvements
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- 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
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- Section 197 Intangibles
- Recovering the Cost of Computer Software
- General Asset Account (GAA)
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- Depreciation Adjustments for Alternative Minimum Tax
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- AMT Depreciation Adjustments
- Correcting Depreciation Errors
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- Correcting Depreciation Errors
- Section 481 Adjustment
- Miscellaneous Depreciation Issues
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- Income Forecast Method
- Unit-of-Production Method
- Abandonment
- Idle Property
- Cost Segregation
- Depletion
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- Depletion Allowance
- Oil and Gas Wells
- Geothermal Property and Other Mineral Property
- Depreciation for Like-Kind Exchanges and Involuntary Conversions
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- Depreciating Replacement Property
- MACRS Recovery Periods
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- MACRS Recovery Periods, GDS, and ADS
- MACRS Percentage Charts
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- 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
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Tab 10
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Automobiles and Listed Property
More(+)
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- Vehicle Depreciation Limitations (Section 280F) Chart
- Section 179 Expense Limits Chart
- Standard Mileage Rate Per Mile
- Business Autos
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- Transportation vs. Travel
- Commuting
- Office in the Home—Commuting Exception
- Standard Mileage Rate vs. Actual Expenses
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- Standard Mileage Rate Method
- Actual Expense Method
- Section 280F Depreciation Limits
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- Maximizing Section 179—Autos Worksheet
- Qualified Nonpersonal-Use Vehicles
- MACRS Depreciation on Business Autos
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- 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
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- Rules for Listed Property
- Depreciation for Listed Property
- Recordkeeping for Listed Property
- Reporting Listed Property
- Lease Inclusion Tables
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Tab 11
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Tax Credits
More(+)
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- Retirement Savings Contribution Credit Chart
- Earned Income Credit Chart
- Child and Dependent Care Credit Percentages Chart
- Tax Credits Chart
- Due Diligence Requirements
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- Due Diligence Requirements Chart
- Delayed Refunds for Refundable Credits
- Enforcement
- Adoption Expenses
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- Adoption Credit and Exclusion
- When to Claim Credit and Exclusion
- Children With Special Needs
- Child and Dependent Care Expenses
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- 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
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- Child Tax Credit
- Qualifying Child
- Additional Child Tax Credit
- Credit for Other Dependents
- Credit for the Elderly or the Disabled
- Earned Income Credit
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- Basics of the Earned Income Credit (EIC)
- Qualifying Child
- Earned Income Credit Eligibility Chart
- Investment Income Limit
- Earned Income
- Federal Tax Paid on Fuels
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- Credit for Federal Tax Paid on Fuels
- First-Time Homebuyer Credit
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- Repayment of First-Time Homebuyer Credit
- Foreign Tax Credit
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- Tax Paid to a Foreign Country
- Mortgage Interest Credit
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- Premium Tax Credit
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- Premium Tax Credit (PTC)
- Premium Tax Credit (PTC) Terms
- Reconciliation/Repayment of Advance Payments
- Shared Policy Allocations
- Health Coverage Tax Credit
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- Health Coverage Tax Credit (HCTC)
- Who May Claim the Credit
- Form 8885, Health Coverage Tax Credit
- Residential Energy Credits
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- Expiration of Residential Energy Credits
- Nonbusiness Energy Property Credit
- Residential Energy Efficient Property Credit
- Residential Energy Credits Chart
- Retirement Savings Contribution Credit
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- Credit Amount
- Residential Energy Credits Chart
- Vehicle Credits
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- 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)
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Tab 12
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Children, College, and Family
More(+)
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- 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
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- Form 1098-T, Tuition Statement
- American Opportunity Credit
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- Due Diligence Requirements
- American Opportunity Credit Amount
- Restrictions
- Eligible Students
- Qualified Education Expenses
- Lifetime Learning Credit
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- Lifetime Learning Credit Tax Benefit
- Restrictions
- Eligible Students
- Qualified Education Expenses
- Tuition and Fees Deduction
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- Tuition and Fees Deduction Tax Benefit
- Restrictions
- Eligible Students
- Qualified Education Expenses
- Qualified Tuition Programs (QTPs) and Education Savings Accounts (ESAs)
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- 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
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- Tax-Free Scholarships
- Taxable Scholarships
- Coordination With Other Education Benefits
- Reporting
- Qualified Tuition Reductions
- Graduate Education
- U.S. Savings Bond Interest Exclusion
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- Exclusion Rules
- Qualified Savings Bonds
- Qualified Education Expenses
- Dependents
- Penalty-Free IRA Distributions
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- Penalty Exception
- Qualified Education Expenses
- Coordination With Other Education Benefits
- Student Loan Interest Deduction
- Children and Taxes
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- Divorce
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- Property Settlements and Transfers
- Qualified Domestic Relations Order (QDRO)
- Deducting Legal Fees
- Alimony
- Child Support
- Underpayment of Alimony or Child Support
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Tab 13
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Retirement, Social Security, and Medicare
More(+)
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Tab 14
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Other 1040 Topics
More(+)
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- 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
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- Schedule H, Household Employment Taxes
- 2019 Filing Requirements
- Alternative Minimum Tax
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- 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
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- Filing Separately
- Community Property Rules for Registered Domestic Partners
- Clergy and Religious Workers
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- Ministers
- Parsonage (Housing) Allowance
- Health Savings Account (HSA)
- U.S. Armed Forces
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- Armed Forces Income
- Combat Zones
- Extensions and Deferrals
- Principal Residence Purchase or Sale
- Military Reservists
- Foreign Income
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- 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
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- Filing Claim for Refund
- Form 1040-X, Amended U.S. Individual Income Tax Return
- Form 1045, Application for Tentative Refund
- Tax-Related Identity Theft
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- Detecting and Reporting Identity Theft
- Identity Protection PIN (IP PIN) Program
- Data Theft Information for Tax Professionals
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Tab 15
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IRS, Penalties, and Audits
More(+)
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- 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
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- Statutes of Limitations
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- Recordkeeping
- Military Exceptions
- Date Considered Filed
- Assessment
- Collection
- Unfiled Returns
- Penalty for Underpayment of Estimated Tax
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- Estimated Tax Penalty
- Joint Return to Separate
- Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts
- Directing Payments
- Taxpayer Unable to Pay
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- File the Tax Return on Time
- Additional Time to Pay
- Offer in Compromise (OIC)
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- Summary of an Offer in Compromise (OIC)
- Eligibility
- To Submit an Offer
- Evaluation Process
- IRS Audits
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- 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
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- Practice Before the IRS
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- Authorizing a Representative
- New Tax Transcript
- Disclosure of Tax Return Information
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- Tax Return Information
- Taxpayer Consent
- IRS Collection Process
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- 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
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- Innocent Spouse
- Injured Spouse
- Electronic Filing
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- 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
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FTF
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FastTaxFacts 1099/W2 Roadmap
More(+)
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- 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
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Tab 16
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Where to File and Tools
More(+)
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- 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
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- Client Communications
- Client Organizers
- Client Tracking Tools/Preparer Tools
- Consent and Engagement
- Tax Preparer Worksheets and Tables
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Tab 17
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States
More(+)
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- State Websites
- Contact Information
- Filing Requirements
- Income Tax Form
- Tax Rate Schedules
- Return Mailing Addresses
- Extension Information
- Federal Attachments
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Small Business Coverage |
Tab |
Tab Title |
Small Business |
Deluxe Edition Plus |
Deluxe Supplement |
1040 Edition |
Tab 18
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C Corporations, 1120
More(+)
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- 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
-
- 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)
-
- 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 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
-
- 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
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Tab 39
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Nonprofits
More(+)
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|
|
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
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Tab 40
|
Real Estate and Rental Activities
More(+)
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|
X |
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- 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
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Tab 41
|
Restaurants
More(+)
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|
|
X |
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- 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
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