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Individuals: Special Tax Situations Quickfinder Handbook

Individuals: Special Tax Situations Quickfinder Handbook

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    Quickfinder

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$47.00
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In addition to the general tax rules that apply to all individuals, some individuals are subject to special tax rules that apply to them because of their occupation, investments, or life events. As a tax preparer, you’ll likely encounter these types of clients so it’s important to have a tax resource specifically designed to answer the questions you’ll face when preparing their returns.

The 2014 print and ProView eBook tax year editions will be available in December 2014. Pre-order your edition today. To order the current 2013 tax year edition, please call us at 800-510-8997.


The Individuals - Special Tax Situations Quickfinder Handbook will save you time and money on those out of the ordinary tax returns or tax situations you’ll encounter when preparing individual returns. It covers more than 30 types of unique taxpayers.

The Handbook includes:

  • A Quick Tax Briefing that provides an at-a-glance summary of the key tax rules and relevant IRS materials
  • Key Terms and definitions you need to know about each type of client
  • Tax preparation guidance covering the unique rules and filing requirements specific types of taxpayers
  • Timesaving tips, observations, cautions, strategies, and other preparation alerts
  • Reference to real-life examples
  • Quick reference tables and charts  

By honing in on the specific tax rules that apply to specific taxpayers, the Individuals - Special Tax Situations Quickfinder Handbook is the perfect complement to the 1040 Quickfinder Handbook.

List of Content (Click any title to expand the list)

  • Cover
    • Quick Points
  • Aliens - Resident and Nonresident
    • Aliens - Resident and Nonresident
    • Overview of Aliens
    • General Tax Reporting
    • Real Estate Issues
    • Foreign Bank Accounts
    • Individual Taxpayer Identification Numbers
    • Initial Year of Residency Tax Comparison
    • Election Statements
    • Tax Organizer?Alien (Non-U.S. Citizen)
  • Bankrupt Individuals
    • Types of Bankruptcy
    • Year of Bankruptcy Filing
    • Bankruptcy Estate
    • Bankruptcy Estate's Tax Return
    • Individual Debtor's Form 1040
    • Debt Cancellation
    • Foreclosures and Repossessions
    • Prepetition and Postpetition Taxes
    • Example With Filled-In Forms
  • Construction Contractors
    • Business Overview
    • Cash vs. Accrual Accounting
    • Long-Term Contracts
    • Tax Accounting for Long-Term Contract Income
    • Completed Contract Method
    • Percentage-of-Completion Method
    • Exempt Contract Percentage-of-Completion Method
    • Determining the Contract Price
    • Estimated Cost to Complete
    • Selected Other Key Tax Rules
  • Daycare Providers
    • Overview of Business
    • General Tax Reporting
    • Business Use of Home
    • Daycare Meals and Food
    • Family Daycare Provider Meal and Snack Log
    • Tax Organizer - Daycare Provider
  • Decedents
    • Filing Requirements - Year of Death
    • Income in Year of Death
    • Deductions and Credits in Year of Death
    • Other Final Return Filing Matters
    • Example With Filled-In Forms
    • Executor's Federal Tax Filings Checklist
    • Reconciliation Worksheet - Information Returns in Decedent's Name
  • Direct Sellers
    • Income From Sales
    • Other Income
    • Home Meetings
    • Business Use of the Home
    • Meals and Entertainment
    • Transportation
    • Business Gifts
    • Start-Up Expenses
    • Not-for-Profit Limit
    • Involvement of the Direct Seller's Spouse
    • Reporting Requirements
    • Tax Organizer - Direct Sellers
  • Disabled Individuals
    • Special Tax Rules and Definitions
    • Income
    • Expenses
    • Credit for the Disabled
    • Credit for the Disabled - Physician's Statement
  • Disaster Victims
    • Casualties
    • Calculating the Amount of a Casualty Loss
    • Federally Declared Disasters
    • Insurance Reimbursements
    • Disaster Relief Payments
    • Other Disaster-Related Rules
    • 2012 Federally Declared Disaster Areas
    • Midwestern Disaster Area Victims - Special Tax Relief
    • Kansas Storm Victims - Special Tax Relief
  • Divorced Taxpayers
    • Filing Status
    • Exemptions
    • Dividing Income and Deductions in Year of Divorce
    • Property Transfers Related to Divorce
    • Alimony and Child Support
    • Recapturing Excess Alimony
    • Tax Carryforwards
    • Costs of Getting a Divorce
    • Worksheet for Allocating Income in the Year of Divorce - Community Property State
  • Elderly
    • When Is a Return Required -
    • Retirement Income
    • Standard Deduction
    • Medical Expenses
    • Credit for the Elderly
    • Social Security Benefits Worksheet
  • Executives
    • Employee Stock Options
    • Statutory Stock Options - ISOs and ESPPs
    • ISO AMT Considerations
    • Using Stock to Exercise ISOs
    • Nonqualified Stock Options
    • Restricted Stock
    • Section 83(b) Election
    • Relocation Packages
  • Expatriates
    • Overview of Expatriates
    • Foreign Earned Income Exclusion
    • Foreign Housing Exclusion
    • Claiming the Exclusions
    • Foreign Housing Deduction
    • Foreign Tax Credit When Exclusions Are Claimed
    • Tax Computation When Exclusions Are Claimed
    • General Tax Reporting
    • Foreign Currency
    • Estimated Taxes
    • Tax Equalization
    • Expatriation Tax
    • U.S. Possessions
    • Compensation Sourcing Schedule
    • Form 1116 - Income Allocation Schedule
    • Tax Organizer - Expatriate
  • Farmers and Ranchers
    • Who Is a Farmer or Rancher?
    • Accounting Method Issues
    • Government Program Income
    • Cooperative Distributions
    • Depreciable Property
    • Losses of Certain Farmers Limited
    • Farm Income Averaging
    • Special Estimated Tax Rules
    • Hobby Losses
    • Farm Payroll Taxes
    • Other Key Tax Rules
    • Example With Filled-In Forms
  • Gamblers
    • Professional vs. Casual Gamblers
    • Gambling and Lottery Winnings
    • Gambling Losses
    • Substantiating Gambling Losses
  • Military Members
    • Filing Returns
    • Income
    • Adjustments to Income
    • Member's Out-of-Pocket Expenses
    • Tax Credits
    • Tax Forgiveness of Military Decedent's Tax Liability
    • Special Home Sale Rule
  • Ministers
    • Qualifying as a Minister
    • Income
    • Adjustments to Income
    • Business Expenses
    • Itemized Deductions
    • Self-Employment Tax
    • Earned Income Credit
  • Oil and Gas Investors
    • Tax Return Reporting Overview
    • Exploration and Production (Oil & Gas Property Life Cycle)
    • Direct Working Interest Owner
    • Pass-Through Working Interest Owner
    • Royalty Interest Owner
    • Lease Bonus and Delay Rental Income
    • Other Key Tax Considerations
    • Sample Oil and Gas Depletion Schedule
    • Oil and Gas Depletion Schedule
    • Cost Depletion Schedule
    • Tax Organizer - Oil and Gas Income and Deductions
  • Professionals
    • Availability of the Cash Method of Accounting
    • Personal Service Corporation Rules
    • Renting Property to the Business
    • S Corporation Compensation Issue
    • Attorney's Trust Accounts
    • Client Expense Advances By Attorneys
    • Reporting Payments to Attorneys
    • Physician Employment Status
    • Issues Facing Architects
  • Real Estate Owners
    • Real Estate Activities
    • Rental Income and Expense
    • Basis and Deprecation
    • Mixed-Use Property/Vacation Home
    • Passive Loss Limits on Rentals
    • At-Risk Rules
    • Special Considerations When Selling Real Property
    • Principal Residence - Excluding Debt Cancellation Income
    • Example With Filled-In Form
  • Restaurant Owners
    • Restaurant Operations
    • Depreciation and Amortization
    • Tip Reporting Requirements
    • Inventory/UNICAP
    • Cash Method of Accounting
    • Employment Issues
    • Form 1099-K Reporting
    • Tax Credits
    • Guide to Assets Used in the Restaurant Industry
    • Worksheet for Determining Whether to File Form 8027
  • Retailers
    • Overview of Inventory Rules
    • Retail Inventory Method
    • Deducting Inventory Shrinkage
    • Writing Down Unsalable Inventory
    • Depreciating Assets Used By Retailers Employee Discounts
    • Franchise Fees
  • Statutory Employees
    • Classes of Workers
    • Four Categories of Statutory Employees
    • Tax Rules
    • Example With Filled-In Forms
  • Stock Traders and Investors
    • Is the Taxpayer a Trader or Investor?
    • How Investors Are Taxed
    • How Traders Are Taxed
  • Students - Higher Education
    • Is Student a Dependent?
    • Kiddie Tax
    • Scholarships, Grants and Other Financial Aid
    • American Opportunity Tax Credit and Lifetime Learning Credit
    • Student Loans - Interest Deduction
    • Student Loans - Cancellations and Repayment Assistance
    • Foreign Exchange Students
    • Education Tax Incentives Comparison Chart (2012)
  • Transportation Workers
    • Travel Expenses
    • Reimbursing Employee Expenses
    • Employee or Independent Contractor?
    • Taxi Drivers and Chauffeurs
    • Pilots
    • Railroad Workers
    • Water Transportation Workers
    • Heavy Highway Vehicles
    • Transportation Workers - Common Income and Expenses
    • Tax Organizer - Long Haul Truckers and Overnight Drivers
    • Tax Organizer - Airline Personnel
  • Other Taxpayers
    • Authors and Writers
    • Household Employers
    • Performing Artists and Athletes
    • Real Estate Agents
    • Teachers
    • Waiters and Waitresses
  • Index
    • Easy-to-Use Topical Index
  • Thomson Reuters Proview Brochure View
  • Checkpoint Proview Quickfinder Demo View
  • Thomson Reuters ProView Demo View
  • Individuals�Special Tax Situations Quickfinder ® Handbook Sample View