Deluxe Edition Plus

The Deluxe Edition Plus is by far our best seller! The book contains both individual and small business information. You will find information fast, with well-written, easy-to-understand explanations and examples.
Individual Forms
1040, 2441, 4562, 4684, 4797, 6251, 8283, 8582, 8606, 8829, 8863, 8949
Business Forms
1120, 1120S, 1065, 1041, 706, 709, 941, 940, 990
Schedules
1, 2, 3, A, B, C, D, E, EIC, F, H, S, K-1, M-1, M-2, B-2, PH
Start Ship Date: 12/15/24

$119

About the Deluxe Edition Plus

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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 1040 Edition Deluxe Edition Plus Deluxe Supplement Small Business
Tab 1
What's New
  • Inflation Adjusted Amounts
  • Standard Deduction
  • Personal Exemptions
  • Qualified Business Income Deduction Thresholds Chart
  • Federal Tax Rate Schedules
  • Long-Term Capital Gain and Qualified Dividends Maximum Tax Rates Chart
  • Social Security Highlights Chart
  • Inflation Adjusted Amounts — Real Answers. Real Fast!
  • Social Security (SS) and Medicare Inflation Adjusted Amounts
  • Expiring Tax Provisions Chart
  • What's New — Individuals Chart
    • Income
    • Deductions
    • Credits
  • What's New — Business Chart
    • Deductions
    • Taxes
    • Credits
  • Inflation Reduction Act of 2022
    • Premium Tax Credit (PTC)
    • Energy Efficient Home Improvement Credit
    • Residential Clean Energy Credit
    • Energy Efficient Commercial Building Deduction
    • New Energy Efficient Home Credit
    • Clean Vehicle Credit
    • Previously-Owned Clean Vehicles Credit
    • Credit for Qualified Commercial Clean Vehicles
    • Alternative Fuel Refueling Property Credit
    • Elective Payment of Applicable Credits
    • Transfer of Certain Credits
    • Increase in Research Credit Against Payroll Tax for Small Businesses
    • Limitation on Excess Business Losses of Non‑Corporate Taxpayers
    • Other Provisions
  • CHIPS Act of 2022
  • Deferred Social Security Taxes for Self‑Employed Individuals
    • CP256V Notices Issued to Self-Employed Individuals
  • Filing and Payment Deadlines Extended for Disasters
Tab 2
Federal Tax Table and EIC Table
  • Federal Tax Table and EIC Table
    • Federal Tax Table
    • Prior Year Tax Rate Schedules
    • Earned Income Credit (EIC) Table
Tab 3
1040 Line Instructions
  • Standard Deduction
  • Federal Tax Rate Schedules
  • Personal Exemption
  • Form 1040 U.S. Individual Income Tax Return 2022
    • 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)
    • Digital Assets
  • Filing Status
    • Filing Status Chart
    • Married Taxpayers
    • Single
    • Married Filing Jointly (MFJ)
    • Married Filing Separately (MFS)
    • Head of Household (HOH)
    • Qualifying Surviving Spouse (QSS)
  • Dependents
    • Qualifying Child of More than One Person
    • Dependency Tests for 2022 Chart
    • Single Parent Situations for 2022 Chart
    • Release of Child to Noncustodial Parent
    • (Release of Claim to Exemption)
    • Multiple Support Agreements
    • Exceptions to Time Lived With Taxpayer
    • Other Dependency Rules
  • Income (Form 1040)
    • Wages
    • Tip Reporting
    • Excess Salary Deferrals
    • Interest and Dividend Income
    • Retirement Distributions
    • Social Security Lump-Sum Payments
    • Capital Gain or Loss
    • Additional Income (Schedule 1)
    • Disability Payments and Sick Pay
    • Imputed Interest on Below-Market Loans
    • Lawsuit Settlements and Awards
    • Life Insurance
    • Notary Public
    • Fiduciaries
    • Nontaxable Income
    • Public Safety Officers
    • Homeowner Assistance Fund (HAF) Payments
    • Adjustments to Income (Schedule 1)
  • Deductions (Form 1040)
    • Standard Deduction
    • Qualified Business Income Deduction (QBID)
  • Taxes (Form 1040)
    • Income Tax
    • Additional Taxes (Schedule 2)
    • Other Taxes
    • Additional Medicare Tax
  • Credits and Payments (Form 1040)
    • Child Tax Credit
    • Nonrefundable Credits (Schedule 3)
    • Withholdings
    • Estimated Tax Payments
    • Earned Income Credit
    • Other Payments and Refundable Credits (Schedule 3)
    • Excess Social Security and RRTA Tax Withheld
    • Repayments
  • Refund or Amount Due (Form 1040)
    • Delayed Refunds for Returns Claiming Certain Credits
    • Refund Offsets
    • Direct Deposit
    • Applied to 2023 Estimated Tax
    • Amount Owed
    • Signature
    • Third Party Designee
    • Return Due Date
    • Extensions
FTF
FastTaxFacts Dependents
  • 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
  • Standard Mileage Rates Chart
  • When Medical Expenses Are Deductible Chart
  • Medical Expenses Chart
  • Taxes Paid—Itemized Deductions Chart
  • Fair Market Value Guide for Used Items
    • Recordkeeping Rules for Charitable Contributions
  • Medical Expenses
    • Medical Expenses AGI Limit
    • 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
    • Medical Care 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
    • Foreign Income Taxes
  • Interest Paid—Itemized Deductions
    • Interest Expense
    • Home Mortgage Interest
    • Deductible Mortgage Interest Amount
    • Qualified Home—Mortgage Interest
    • Election to Treat Mortgage Interest as Not Secured by the Home
    • Legal Liability to Make Mortgage 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 Charitable Contribution Deduction
    • Future Interest in Property
    • When Contributions Are Deductible
    • Charitable Contributions Deduction Limitations
    • Charitable Contributions of IRA Distributions
    • Donating Vehicles, Boats, and Airplanes
    • Recordkeeping Rules for Charitable Contributions
  • Casualty and Theft Losses
    • Casualty and Theft Losses
  • How to Report Casualties and Thefts Chart
    • Deductible Losses
    • 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
  • Business Use of Home Methods Chart
  • Employer Identification Number (EIN)
  • Daycare 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
    • Simplified Method
    • Regular Method
    • Simplified or Regular Method Election
  • Sole Proprietorships
    • Daycare Providers—Deducting Meals
    • Authors, Artists, and Musicians
    • Sharing (Gig) Economy
    • Foster Care Business
    • Kids in Business
    • 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-NEC 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 LivestockIncome 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
  • 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 (Schedule B)
    • Schedule B (Form 1040), Interest and Ordinary Dividends
    • Taxable Interest
    • Accrued Interest
    • Original Issue Discount (OID)
    • Tax-Exempt Interest
    • Amortizable Bond Premium
    • Market Discount
    • U.S. Savings Bonds
    • U.S. Treasury Bills, Notes, and Bonds
    • Dividends That Are Actually Interest
    • Money Market Funds
    • Certificates of Deposit (CDs)
    • Gift for Opening Account
    • Interest on Tax Refunds
    • Interest on Insurance Dividends
    • Prepaid Insurance Premiums
    • 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)
    • 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
    • Demutualization of Life Insurance Companies
    • Short Sales
    • Calls and Puts
    • Straddles
    • Classifying Investors and Traders
    • Qualified Opportunity Fund Deferral Election
    • Digital Asset 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)
    • Installment Sales
    • Interest Income From an Installment Sale
    • Calculating Installment Sale Income (Gain on Sale)
    • Installment Sale to a Related Party
    • 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
    • Statutory Stock Options
    • Incentive Stock Option (ISO)
    • Employee Stock Purchase Plan (ESPPs)
    • Nonstatutory Stock Options
  • Sale of Principal Residence
    • Determining Residence Basis
    • Adjusted Basis of a Residence
    • Exclusion of Gain
    • 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
    • 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
    • Qualified Principal Residence Debt
    • Forms 1099-A and 1099-C
Tab 7
Rental, Passive, and At-Risk, E
  • 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 Deduction (QBID)—IRC §199A
    • Excess Business Loss Limitation
    • Rental Income
    • Qualified Joint Venture Election
    • Payments Requiring Forms 1099
    • Rental Expenses
    • Limits on Rental Losses
    • Personal Use of Rental Property—Roommates and Boarders
  • Mixed-Use Property—Vacation Homes (IRC §280A)
    • Sharing Economy
    • Allocating Income and Expenses
    • 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
  • Per Diem Rates—Continental U.S. (CONUS) Chart
  • NOL Default Rules Chart
  • QBID—Threshold Amounts and Phase-In Ranges Chart
  • Amortization
  • Per Diem Rates
  • Per Diem Rates/High-Low Method
  • Truckers/Transportation Industry Chart
  • Business Deductions
    • Ordinary and Necessary Business Expenses
    • Employee Business Expenses (Form 2106)
    • Limits on Business Deductions
    • Services in Trade
    • Bad Debts
    • Capital Costs
    • Election to Capitalize Carrying Charges
    • Cell Phones
    • Demolition Expenses
    • Education Expenses
    • Gifts
    • Insurance
    • Intangible Drilling Costs
    • Life Insurance
    • Marijuana Sales
    • 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 Chart
    • 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
    • Uniform Capitalization (UNICAP) Rules
    • Small Business Inventory Exception
  • Qualified Business Income Deduction (QBID)—IRC §199A
    • Qualified Business Income Deduction (QBID)
    • Qualified Trades or Businesses
    • Threshold Amount
    • Specified Service Trade or Business (SSTB)
    • Qualified Business Income (QBI)
    • Calculation of QBID
    • 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/Organizational 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
    • Hybrid Method
    • 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 (IRC §444)
Tab 9
Depreciation, 4562
  • MACRS Half-Year Convention Depreciation Rates Chart
  • MACRS Recovery Periods Chart
  • Depreciation Formulas Under MACRS Chart
  • Depreciation and Amortization (Form 4562)
    • 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)
  • Conventions
    • MACRS Conventions
  • Depreciation Recapture
  • Short Tax Year Depreciation
    • Short Tax Year
    • Short Tax Year Conventions
    • Computing Depreciation in a Short Tax Year
  • Section 179 Deduction
    • Section 179 Limits
    • Section 179 Election/Revocation
    • Section 179 Qualifying Property
    • Section 179 Nonqualifying Property
    • Section 179 Recapture
  • Special Depreciation Allowance
    • Special Depreciation Allowance (Bonus Depreciation)
  • Qualified Improvement Property
    • Cost Recovery for Qualified Improvement Property
  • Repairs and Improvements
    • Repairs vs. 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
  • General Asset Account (GAA)
    • GAA Election
  • Depreciation Adjustments for Alternative Minimum Tax
    • AMT Depreciation Adjustments
  • 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
    • Residential Rental Property
    • Nonresidential Real Property
  • MACRS Short-Year Depreciation—Short Cut Percentage Method Chart
Tab 10
Automobiles and Listed Property
  • Vehicle Depreciation Limitations (Section 280F) Chart
  • Section 179 Limits Chart
  • Standard Mileage Rate Per Mile
  • Business Autos
    • 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
  • Luxury Auto Limits (Section 280F)
    • 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
    • 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
  • Child and Dependent Care Credit Percentages
  • Earned Income Credit Chart
  • Retirement Savings Contribution Credit Chart
  • Tax Credits Chart
  • Due Diligence Requirements
    • Due Diligence Requirements Chart
    • Delayed Refunds for Refundable Credits
    • Enforcement
  • Adoption Expenses, Credits, and Exclusions
    • 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
    • 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)
    • No Qualifying Children
    • Earned Income Credit Eligibility Chart
    • Qualifying Child
    • 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
    • Mortgage Interest Credit
  • Premium Tax Credit
    • Premium Tax Credit (PTC)
    • 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
    • Nonbusiness Energy Property Credit
    • Residential Energy Efficient Property Credit
    • Residential Energy Credits Chart
  • Retirement Savings Contribution Credit
    • Retirement Savings Contribution Credit (Saver's Credit)
  • Vehicle Credits
    • Alternative Motor Vehicle Credit (IRC §30B)
    • Alternative Fuel Vehicle Refueling Property Credit (IRC §30C)
    • Plug-In Electric Drive Motor Vehicle Credit (IRC §30D)
Tab 12
Children, College, and Family
  • Modified AGI for Computing Education Tax Benefits Chart
  • Children Subject to Kiddie Tax Chart
  • Kiddie Tax Chart
  • Comparison of Education Credits Chart
  • Claiming a Student's Education Expenses 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
  • Qualified Tuition Programs (QTPs) and Education Savings Accounts (ESAs)
    • QTP and ESA Tax Benefits
    • QTP and ESA Contributions Chart
    • Qualified Education Expenses for QTPs and ESAs
    • Tax-Free Distributions
    • Taxable Distributions
    • QTP Rollovers and Transfers
    • ESA Rollovers and Transfers
    • 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
    • Student Loan Interest Deduction
  • Achieving a Better Life Experience (ABLE)
    • Achieving a Better Life Experience (ABLE) Account
    • Student Loan Forgiveness or Cancellation
  • 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
  • IRA Limits
  • 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 Arrangement (IRA)
    • Who Can Set Up a Traditional IRA?
    • Compensation for IRA Contribution Purposes
    • IRA Investment
    • Prohibited Transactions Involving IRAs
    • Investment in Collectibles
    • IRA 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 IRA
    • Roth IRA Rules
    • Distributions After Roth IRA Participant's Death
    • Conversion Rules
    • Recharacterization
    • Roth IRA Reporting
    • 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
    • SIMPLE IRA Distributions
  • Other Retirement Plans
    • Qualified Plans
    • Defined Contribution Plans
    • Defined Benefit Plans
    • Section 401(k) Plans
    • Section 403(b) Tax-Sheltered Annuity Plans
    • Employee Stock Ownership Plan (ESOP)
    • Section 457 Deferred Compensation Plans
    • Vesting Rules
    • Deemed IRA
    • Railroad Retirement
    • Federal Retirement
    • Distributions
    • Retirement Plan Loans
    • 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 Distribution (RMD)
    • Required Minimum Distribution Rules
    • 50% Penalty Tax on Excess Accumulations
    • Inherited IRA
    • Inherited Retirement Plans
    • Other RMD Rules
  • Miscellaneous Distributions
    • Qualified Disaster Distributions
    • Pension Plans of Public Safety Employees
    • Qualified HSA Funding Distribution (QHFD)
    • Qualified Reservist Distribution
  • Foreign Pension and Annuity Distributions
  • 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 Basics
    • Medicare Part A Premiums
    • Medicare Part B Premiums
    • Medicare Part C Coverage
    • Medicare Part D Prescription Drug Plan (PDP)
    • Medigap (Medicare Supplemental Insurance)
    • Medicaid
Tab 14
Other 1040 Topics
  • 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
  • Household Employees
    • Schedule H, Household Employment Taxes
    • Schedule H Filing Requirements
  • Alternative Minimum Tax
    • 2022 AMT Rate Schedule
    • 2022 AMT Exemption—Individuals
    • 2022 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—Registered Domestic Partners
  • Clergy and Religious Workers
    • Ministers
    • Parsonage (Housing) Allowance
  • Health Savings Account (HSA)
  • U.S. Armed Forces
    • U.S. Armed Forces
    • Combat Zones
    • Extensions and Deferrals
    • Principal Residence Purchase or Sale
    • Military Reservists
  • Resident vs. Nonresident Aliens
    • Resident Aliens
    • Nonresident Aliens
    • Effect of Tax Treaties
    • Dual-Status Aliens
    • Nonresident Spouse
    • Students, Teachers, and Trainees
    • Source of Income
    • Nonresident Alien Taxation
    • Departing Alien
    • Tax Identification Number
  • Foreign Income
    • Taxation of Worldwide Income
    • Foreign Earned Income
    • Bona Fide Residence Test
    • Physical Presence Test
    • Waiver of Time Requirements
    • 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
  • IRS Contact Information
  • Taxpayer Advocate Service
  • Refund Inquiries
  • Preparer Tax Identification Number (PTIN)
  • Transcripts
  • Filing and Extended Due Dates Chart
  • Extensions
  • Overpayment/Underpayment Interest Rates Chart
  • Taxpayer Penalties Chart
  • Return Preparer Penalties Chart
  • Private Letter Ruling (PLR)
  • Accuracy Related Penalty Relief
  • Private Debt Collection
  • First Time Penalty Abatement
  • 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)
    • OIC Eligibility
    • To Submit an Offer
    • Evaluation Process
  • IRS Audits
    • Selection of Returns for Examination
    • Schedule C (Form 1040), Profit or Loss From Business
    • IRS Audits
    • Audit Preparation
    • Repeat Examinations
    • Concluding an Audit
    • Appeal Within the IRS
    • Tax Court
  • Annual Filing Season Program
    • AFSP Requirements
  • Practice Before the IRS
    • Authorizing a Representative
    • Tax Transcript
  • Disclosure of Tax Return Information
    • Disclosure or Use 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
Tab 16
Where to File and Tools
  • Private Delivery Services (PDS) Chart
  • Where to File Forms 1040, 4868, and 1040-ES Chart
  • Where to File Business Returns
  • Private Delivery Service (PDS) Street Addresses Chart
  • Tools for Tax Pros
    • Client Communications
    • Client Organizers
    • Client Tracking Tools/Preparer Tools
    • Consent and Engagement
    • Tax Preparer Worksheets and Tables
FTF
FastTaxFacts 1099/W2 Roadmap
  • 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 17
States
  • Filing Requirements
  • Tax Rate Schedules
  • State Websites
  • Contact Information
  • Return Mailing Addresses
  • Extension Information
  • Federal Attachments
  • State e-File Information
Small Business Coverage
Tab Tab Title 1040 Edition Deluxe Edition Plus Deluxe Supplement Small Business
Tab 18
C Corporations, 1120
  • 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)
    • Shareholder Loans
    • Losses on Small Business Stock (IRC §1244)
    • Gain Exclusion on Small Business Stock (IRC §1202)
  • C vs. S Corporation Comparison
  • Income and Expenses of a Corporation
    • Meals and 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)
    • Research and Experimental Expenditures
    • Qualified Opportunity Zone (QOZ)
    • 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)
    • Earnings and Profits (E&P) Defined
  • Entity Classification Election
    • Entity Classification Rules
  • Accumulated Earnings Tax
  • Personal Service Corporation (PSC)
    • PSC Defined
  • Personal Holding Company (PHC)
    • PHC Defined
    • 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
    • Form 8937
  • Corporate Liquidations
    • Complete Liquidation—C or S Corporations
    • Election to Treat Stock Purchase as Asset Acquisition
  • C Corporation Example
    • Scenario
    • 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—Greener Pastures, Inc.
Tab 19
S Corporations, 1120S
  • Where to File
  • Electronic Filing
  • Filing Requirements
  • Filing Deadline
  • Amended Form 1120-S
  • Schedule K-1 Codes (Form 1120‑S)—S Corporation
  • Foreign Transactions
  • S Corporation Advantages/Disadvantages Chart
  • Business Activity Codes
  • Penalties
  • Taxation Summary—Corporations and Partnerships Chart
  • 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
    • Resolving Frequently Encountered S Corporation Issues
  • Termination of S Corporation Status
    • Termination
    • Inadvertent Termination
    • 5-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 S Corporation Items
    • Schedules K-2 and K-3 (Form 1120-S)
  • 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
    • Reporting AAA and OAA
    • Election to Distribute Earnings and Profits (E&P) 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
    • State and Local Taxes Paid
  • 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)
    • Schedules K-2 and K-3 (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
    • Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
Tab 20
Partnerships and LLCs, 1065
  • Electronic Filing
  • Business Activity Codes
  • Filing Requirements
  • Filing Deadline
  • Extension of Time to File
  • Where to File
  • Where to Report Income and Expenses (Form 1065) Chart
  • Schedule K-1 Codes (Form 1065)—Partnership Chart
  • Foreign Transactions
  • Correcting a Previously Filed Form 1065 Chart
  • Penalties
  • Amended Partnership Return
  • Partnership Advantages/Disadvantages Chart
  • Partnerships
    • Partnership Defined
    • Spousal Partnerships
    • Partnership Interests Created by Gift
    • Contribution of Services
    • Exclusion From Partnership Treatment
    • General and Limited Partners
    • Fundamentals of Partnership Taxation
    • Partnership Agreement
    • Partnership Tax Year
    • Centralized Partnership Audit Regime
  • Partnership Income and Expenses
    • Trade or Business Income (Loss)
    • Start-Up Costs and Organizational Costs
    • Distributive Share
    • Guaranteed Payments
    • Self-Employed Health Insurance Premiums
    • Business Interest Expense Limitation
    • Meals and Entertainment Expense
    • State and Local Taxes Paid
    • Separately Stated Partnership Items
    • Schedules K-2 and K-3 (Form 1065)
    • Limit on Losses
    • Timing of Income
    • Change in Partnership Interest
    • Unreimbursed Partnership Expenses
  • Basis
    • Partnership's Basis (Inside Basis)
    • Partner's Basis in the Partnership (Outside Basis)
    • Effect of Partnership Liabilities
    • Alternative Rule for Computing Partner's Basis
    • Partner's Capital Account
    • Partner's Outside Basis Compared to Partner's Capital Account
  • Partnership Distributions
    • Tax Effects of Distributions
    • Current Distributions
    • Liquidating Distributions
    • Liabilities
    • Sale of Partnership Interest
    • Disguised Sale Rules
    • Certain Distributions Treated as Sales or Exchanges
    • Payments for Unrealized Receivables and Inventory Items
    • Form 8308, Report of a Sale or Exchange of Certain Partnership Interests
    • Distribution of Unrealized Receivables or Inventory
    • Liquidation at Partner's Retirement or Death
    • Partnership Interests Held in Connection With Performance of Investment Management Services
  • Terminating a Partnership
  • Limited Liability Company (LLC)
    • LLC Defined
    • LLC Classification
    • LLCs Classified as Partnerships
    • LLCs Classified as Disregarded Entities
    • LLCs Classified as Corporations
    • LLC Treated as Partnership vs. S Corporation
    • Subsequent Elections (Changing Elections)
    • Limited Liability Partnership (LLP)
  • Publicly Traded Partnership (PTP)
  • Partnership Example
    • Scenario
    • Partnership Agreement
    • Health Savings Accounts
    • SIMPLE Plan
    • Organizational Costs and Start-Up Costs
    • Purchase of Assets
    • Payroll
    • Distributions
    • Financial Statements
    • Line-by-Line Explanations (Form 1065)
    • Income
    • Deductions
    • Schedules K and K-1 (Form 1065)
    • Schedule L—Balance Sheets per Books
    • Schedule M-1—Reconciliation of Income (Loss) per Books With Income (Loss) per Return
    • Schedule M-2—Analysis of Partners' Capital Accounts
Tab 21
Estates, Trusts, and Fiduciaries, 1041, 706, 709
  • Annual Exclusion for Gifts Chart
  • Estate and Gift Tax Exclusion, Credit, and Tax Rate Chart
  • Capital Gain and Qualified Dividend Rates Chart
  • Form 1041 Income Tax Rate Schedule Chart
  • Form 1041—Estates and Trusts Income Tax Return Chart
  • Prior Years Form 1041 Income Tax Rate Schedules Chart
  • Where to File—Form 1041 Chart
  • State Estate and Inheritance Tax
  • States with Estate or Inheritance Tax in 2022 Chart
  • Form 706—Estate Tax Return
  • Where to File—Form 706 or 709 Chart
  • Estate and Gift Tax Chart
  • Form 709—Gift Tax Return
  • Form 709—2022 Filing Requirements Chart
  • Death of a Taxpayer—Common Forms and Returns Chart
  • 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 a Decedent (IRD)
    • Wages After Death
    • U.S. Savings Bonds at Death
  • Decedent's Final Form 1040
    • Who Files and Signs
    • Filing Requirements—Final Form 1040
    • Income—Final Form 1040
    • Deductions—Final Form 1040
    • Credits
  • Estates and Trusts Income Tax Return—Form 1041
    • Filing Requirements—Form 1041
    • Estate Year
    • Trust Entities
    • Accounting Income
    • Income—Form 1041
    • Capital Gains and Losses
    • Tax-Exempt Income
    • Deductions
    • Termination Year
    • Charitable Deductions—Form 1041 (Schedule A)
    • Income Distribution Deduction—Form 1041 (Schedule B)
    • 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 Trusts
    • Grantor Trust Filing Methods
  • Grantor Trust Filing Methods Chart
  • 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
  • Gift Tax Return—Form 709
    • Gift Tax
    • Gifts Subject to Gift Tax
    • Loans
    • Joint Tenancies
    • Gift Tax Exclusions
    • Annual Exclusion
    • Taxable Gifts
    • Think Twice Before Giving
    • Form 709 Gift Tax Return Examples
    • Gift Splitting
  • Estate Tax Return—Form 706
    • Gross Estate
    • Asset Schedules
    • Deductions
    • State Death Tax
  • Deduction for Estate Tax Paid on IRD
  • Basis
    • Basis of Inherited Property
    • Basis of Gifts
Tab 22
Employee Benefits
  • Group Term Life Insurance Chart
  • Who Qualifies as an Employee? 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
  • Payroll Deposit Penalties Chart
  • Form 941—Payroll Electronic Deposit Schedule Chart
  • 2023 Employer's Payroll Tax Calendar Chart
  • Payroll Tax Deposits
    • Electronic Federal Tax Payment System (EFTPS)
    • Certified Professional Employer Organization (CPEO)
    • Other Payroll Deposit Rules
    • Form W-4, Employee's Withholding 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-NEC, Nonemployee Compensation
  • Form 1099-MISC, Miscellaneous Information
  • 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 (FMLA)
    • Equal Employment Opportunity (EEO)
    • Occupational Safety and Health Act (OSHA)
    • New Hire Reporting Requirements
Tab 24
Business Where to File and Tools
  • Where to File Business Returns
    • Where to File Individual Returns
    • Private Delivery Services (PDS)
  • 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
  • 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
  • Principal Business or Professional Activity Codes for Corporations and Partnerships
    • Tax-Exempt Organization Search
Tab 26
What's New Business
  • What's New—2022 and Beyond
  • Vacation Property Rental Subject to Self-Employment Tax
  • Mileage Log Book
  • Tax Home for Business Purposes
  • Reasonable Compensation
  • Cash Payments for Contract Labor Partially Deductible
  • Clothing Resembling Scrubs Deductible as Uniforms
  • Expenses as a Vexatious Litigant Are Not Deductible Business Expenses
  • S Corporation Expense Not Deductible on Shareholder's Return
  • New Beneficial Ownership Information Reporting Rules
  • S Corporation Shares Not Transferred or Abandoned
  • Client Lists Have Value Upon Distribution From a Partnership
  • NOL Deduction Not Substantiated
  • Draft Instructions for Partnership Schedules K-2 and K-3
Tab 27
Starting a Business
  • Websites
  • Starting a Business Checklist
  • Equal Employment Opportunity Laws Chart
  • Business Entity Attributes Chart
  • Business Entity Comparison Chart
  • Entity Classification Elections (Form 8832) Chart
  • Targeting a Business Plan to a Specific Audience Chart
  • Business Agreements Chart
  • Corporate Transparency Act (CTA)
  • Business Plans
    • Starting a Business
    • The Purpose of a Business Plan
    • Preparation of a Business Plan
    • Organization of the Business Plan
    • Executive Summary
    • Company Description
    • Products and Services
    • Marketing Analysis
    • Operational Plan
    • Management and Organization
    • Funding
    • Financial Projection
    • Forecasting Profit and Loss
    • 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
  • State Secretaries of State Contact Information Chart
  • Registering Patents, Trademarks, and Copyrights Chart
  • 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 (Loss) per Return
    • Net Income (Loss) Reconciliation—Schedule M-3
Tab 28
Sales, Dispositions, Liquidations
  • Tax Treatment for Sellers and Buyers Chart
  • Closing a Business
    • Closing a Business Checklist
    • 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
    • Non-Tax Issues
    • Self-Employment Tax—Sale of Business
    • Partnership—Sale of Business
  • 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
  • Where to Deduct Qualified Pension Plan and IRA Contributions Chart
  • Retirement Plan Limitations Chart
  • Pension Plan Limitations Chart
  • Rollover Chart
  • Pension Plan Characteristics Chart
  • Pension Plan Advantages/Disadvantages 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
  • HSA Limit Chart
  • HSA Limitations Chart
  • HSA Penalties Chart
  • Where to Deduct Employer 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
    • COBRA
    • Penalty for Large Employers
    • Credit for Small Employer Health Insurance Premiums
  • Health Reimbursement Arrangement (HRA)
    • HRA Tax Benefits
    • Qualifying for an HRA
    • HRA Contributions
    • HRA Distributions
    • Qualified Small Employer HRA (QSEHRA)
    • Individual Coverage HRA (ICHRA)
  • Flexible Spending Arrangement (FSA)
    • FSA Tax Benefits
    • Qualifying for an FSA
    • FSA Contributions
    • FSA Distributions
  • Health Savings Account (HSA)
    • HSA Tax Benefits
    • HSA Qualifications
    • HSA Contributions
    • 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 Account (MSA)
    • Qualifying for an MSA
  • Excess Medical Reimbursements
Tab 31
Business Credits
  • Assembling Form 3800
  • Business Expense Reduction for Certain Credits
  • CHIPS Act of 2022
  • Business Credits Chart
  • COVID-19 Related Tax Credits
    • Credit for Qualified Sick and Family Leave Wages
    • Recapture of Excess Employment Tax Credits
    • COBRA Premium Assistance Credit
  • 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 Startup Costs and Auto-Enrollment (Form 8881)
    • 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 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)
Tab 32
Tax-Exempt Orgs
  • Which Form to File
  • User Fees Chart
  • Forms That Must Be Filed Electronically Chart
  • Common Types of Tax-Exempt Organizations Chart
  • Effective Date of Tax-Exempt Status Chart
  • Tax-Exempt Organizations
    • Tax-Exempt Organization
    • Tax-Exempt
    • Common Types of Tax-Exempt Organizations
    • Tax-Exempt Organization Components
    • Tax-Exempt Qualifications
    • Nonqualified Organizations
    • Private Foundations
    • Tax-Exempt Organization Responsibilities
    • Applying for Tax-Exempt Status
    • Types of Applications
    • User Fees
    • Annual Filing Requirements
    • Automatic Revocation
    • Penalties
    • Excise Taxes
    • Employment Tax Returns
    • Information Provided to Donors
    • Donee Information Return
  • Unrelated Business Income Tax
    • Unrelated Business Taxable Income (UBTI)
    • UBTI Exclusions
    • Form 990-T, Exempt Organization Business Income Tax Return
  • 501(c)(3) Organizations
    • 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
    • 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
    • Purposes
    • Limitations
    • Non-Membership Income
  • Other 501(c) Tax-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, Telephone Companies, and Like Organizations
    • 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
  • Tax-Exempt Organization Reference Chart
  • Sample Articles of Organization
Tab 33
Business Audit Strategies
  • Examination Letters
  • Industries/Professions Tax Centers
  • Websites
  • IRS Audit and Appeals Process (IRS Pub. 556) Chart
  • Taxpayer Advocate Service (TAS) Chart
  • Guide to an IRS Audit
    • Taxpayer Bill of Rights
    • IRS Audit
    • Records
    • Conduct of the Audit
    • Audit Strategy
    • Concluding the Audit
    • Appeals
    • Taxpayer Advocate Service
  • Internal Revenue Manual Part 4. Examining Process
  • Examination Workpapers and Initial Interview
    • Sample Initial Interview Questions
  • Worker Classification
    • Misclassified Workers
    • Voluntary Classification Settlement Program
  • IRS Audit Techniques for Businesses
    • IRS Links to Industries and Professions
  • Minimum Income Probes
  • In-Depth Examinations of Income
  • Formal Indirect Methods—IRS Audit
  • Partnership Audit Rules
  • Partnership Distributions—Disguised Sales
  • Audit Techniques Guides (ATGs)
  • Industry Issue Resolution (IIR) Program
    • IIR Program Goal
    • Business Tax Issues Appropriate for IIR
    • IIR Submission Procedures
  • Monitoring of Authorized IRS e-File Providers
    • Acceptance and Monitoring
    • Revocation
    • Sanctioning
    • Administrative Review Process
Tab 34
States Business Tax Summary
    • Business Return Filing Requirements
    • Sales and Use Tax
    • Tax Rate Schedules
    • State Web Sites
    • Contact Information
Deluxe Supplement Coverage
Tab Tab Title 1040 Edition Deluxe Edition Plus Deluxe Supplement Small Business
Tab 35
Daycare Providers
  • Daycare Providers
    • Tab Overview
    • Kith and Kin
    • Family Daycare
    • In-Home Care
    • Reporting Income and Expenses
    • Qualified Business Income Deduction
    • Audit Issues
    • Income
    • Common Daycare Deductions
    • Child and Dependent Care Expenses
    • Independent Contractor vs. Employee
  • Business Use of Home
    • General Rules
    • Exclusive Use Exception for Daycare Facilities
    • Exclusive Use vs. Regular 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 and Sales Representatives
  • Direct Sellers and Online Sellers
    • Tax Considerations
    • Direct Selling Overview
    • Types of Direct Selling Companies
    • Direct Seller
    • Online Seller
    • Gross Income
    • Qualified Business Income Deduction
    • Expenses
    • Business Use of Home
    • Business Taxes
    • Accounting Methods
    • Recordkeeping and Substantiation Rules
    • Partnership vs. Sole Proprietorship
    • Schedule C (Form 1040), Profit or Loss From Business
    • Gross Profit
    • Cost of Goods Sold (COGS)
    • Other Income
    • Expense Reporting
    • Net Profit (or Loss)
    • Profit vs. Not-for-Profit Issue—Business or Hobby
    • Activity for Profit Test
    • Court Case: Activity Not Operated For Profit
  • Sales Representatives
    • Qualified Business Income Deduction
    • Travel and Transportation Expenses
    • Meals and Entertainment
    • Gifts
    • Accountable and Nonaccountable Plans
    • Court Case: No Deduction Allowed for Substantial Business Use of RV
Tab 37
Employee Stock Options
  • Stock Options
    • Statutory Stock Options (ISOs and ESPPs)
    • Incentive Stock Options (ISOs)
    • Employee Stock Purchase Plan (ESPP)
    • Qualified Equity Grants
    • Nonstatutory Stock Options (NSOs)
    • Restricted Property
    • Other Types of Equity-Based Compensation
    • Sale of Employee Stock Options Reporting Examples
    • Stock Option Summary
  • Employee Stock Ownership Plans (ESOPs)
Tab 38
Farmers, Ranchers, and Hobbies
  • Farmers and Ranchers
    • Common Terms
    • Unique Tax Situations
    • Related Industries Not Covered
  • 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 Deduction (QBID)
  • 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
  • Self-Employment Tax
    • Income Subject to Self-Employment Tax
    • Self-Employment (SE) Tax
    • Farm Optional Method
  • Estimated Taxes
    • Estimates for Farmers
  • Hobbies
    • Reporting Hobby Income and Expenses
    • Hobby Loss Example
  • Court Cases
    • 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
Digital Assets
  • Virtual Currency
    • Common Terms
    • Currency
    • Protocols and Procedures
    • Virtual Currencies
    • Obtaining Virtual Currency
    • Exchanging Virtual Currency
    • Wallets
    • Uses for Virtual Currency
  • Taxation
    • IRS Concerns and Initiatives
    • Tax Reporting
    • Payment Received for Services
    • Payment for Services
    • Property Transactions
    • Reporting Property Transactions
    • Third Party Settlement Organizations
    • Gifting
    • Inheritance
    • Divorce
    • Charitable Contributions
    • Casualty and Theft Losses
  • FinCEN
    • FinCEN Form 114
    • Money Services Business
    • Enforcement Action
Tab 40
Real Estate and Rental Activities
  • Residential Rental Real Estate
    • Rental Real Estate
    • Rental Income
    • Rental Expenses
    • Reporting Income and Loss
  • Capital Expense vs. Repair
    • Repair vs. Improvement
    • Depreciation
    • Section 179
    • Special Depreciation Allowance
    • Repair Regulations
  • Sales and Exchanges
    • Sales and Exchanges
    • Gain or Loss from Sales or Exchanges
    • Nontaxable Exchanges
    • Qualified Opportunity Fund Deferral Election
    • Reporting Gains and Losses
  • Vacation Home Rules
    • Dwelling Unit Used as a Home
    • Court Case: Bolton Method
    • IRS Info Letter—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
    • Court Case: Ballpark Guesstimate Does Not Establish Real Estate Professional Status
Tab 41
Restaurants
  • Starting a Restaurant Business
    • Employer Identification Number
    • Taxes Imposed on Restaurants
    • Business Expenses
    • Net Operating Loss (NOL)
    • Qualified Business Income Deduction
    • Credits
    • Employee Benefits
    • Recordkeeping
    • Closing a Business
    • Court Case: Credible Testimony Allows Some Deductions Under Cohan Rule
  • Food Inventory
    • Accounting Methods
    • 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
    • Court Case: Records Substantiate Amount of Tip Income
    • The Difference Between a Tip and a Wage

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