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PPC's 1040 Deskbook

PPC's 1040 Deskbook - now with Interactive Practice Aids

Product Information

  • Frequency of Updates:

    Updated annually
  • Brand:
    Practitioners Publishing

Format

Price

Quantity

Online
Product Code:
TDBQ
$335.00
Book
2 Volumes
Product Code:
TDBP
$310.00

PPC’s 1040 Deskbook provides detailed, easy-to-understand, and affordable tax return focused guidance, complete with real-life examples and illustrations of filled-in forms, so owners and/or staff can quickly and easily resolve the key issues encountered when preparing individual tax returns. The Deskbook provides workflow guidance, tools and other practice aids that will save time, help ensure returns are accurately prepared, and enable owners and/or staff to identify potential tax planning opportunities for clients.

This Deskbook provides the practical, how-to guidance needed for preparing Form 1040 by any level of preparer. It identifies the key issues and covers the complex, unusual topics with workable solutions, examples, filled-in forms, and practice aids to resolve these issues in a timely, efficient manner. The Deskbook contains a unique Quick Reference Binder containing numerous tables, elections, worksheets, checklists, flowcharts, and other tools that place important information at the return preparer’s fingertips to save valuable time. It also includes a Roadmap to help identify individual tax planning engagements by simply reviewing a completed Form 1040 tax return.

  • Coverage of the individual mandate to maintain adequate health insurance coverage and the shared responsibility penalty for failure to maintain coverage, including examples and a worksheet calculating the penalty.
  • Coverage of healthcare premium assistance credit (premium tax credit), including examples and practice aids calculating the credit.
  • Updated and expanded coverage of new provisions affecting IRAs.
  • Updated and expanded coverage of the 3.8% net investment income tax (3.8% NIIT).
  • New guidance on tax accounting for transactions involving floating net asset value (NAV) money market funds, including the effect on the wash sale rules.
  • New practice aids related to the newly effective provisions of the Affordable Health Care Act.

Our editorial staff constantly monitors legislative, judicial, and administrative developments to provide the most comprehensive tax return preparation guidance. We also enlist the services of respected practitioners and other experts to assist our editors in making this Deskbook as complete and useful as possible.

  • 1040 Deskbook
    • INTRODUCTORY MATERIAL
    • Filing Status and Exemptions
      • Chapter 1: Filing Status
      • Chapter 2: Personal Exemptions
    • Income and Adjustments
      • Chapter 3: Wages and Salaries
      • Chapter 4: Interest and Dividend Income
      • Chapter 5: Pension and Retirement Income
      • Chapter 6: Other Items of Income
      • Chapter 7: Adjustments to Income
    • Business, Farm, and Rental
      • Chapter 8: Sole Proprietorships (Schedule C)
      • Chapter 9: Farm Income and Expenses (Schedule F)
      • Chapter 10: Rental Property (Schedule E)
      • Chapter 11: Tax Accounting Methods
      • Chapter 12: Travel and Entertainment
      • Chapter 13: Net Operating Losses
    • Depreciation and Autos
      • Chapter 14: Depreciation
      • Chapter 15: Automobiles and Other Listed Property
    • Passive and Passthrough
      • Chapter 16: Passive Activities
      • Chapter 17: Pass-through Entities
    • Gains and Losses
      • Chapter 18: Securities Transactions
      • Chapter 19: Installment Sales, Like-kind Exchanges, and Conversions of Property
      • Chapter 20: Trade or Business Property Transactions
      • Chapter 21: Bad Debt Losses, Debt Discharge Income, and Foreclosures
      • Chapter 22: Personal Residence Transactions
    • Below-market Loans
      • Chapter 23: Below-market Loans
    • Personal Deductions
      • Chapter 24: Standard Deduction
      • Chapter 25: Medical Expenses
      • Chapter 26: Charitable Contributions
      • Chapter 27: Deductible Taxes
      • Chapter 28: Other Itemized Deductions
      • Chapter 29: Interest Expense
    • Tax Calculations
      • Chapter 30: Self-employment (SE) Tax
      • Chapter 31: Alternative Minimum Tax
      • Chapter 32: Kiddie Tax
      • Chapter 33: Tax on Lump-sum Distributions
      • Chapter 34: Excise and Other Taxes
    • Tax Credits
      • Chapter 35: Personal Credits
      • Chapter 36: Business Credits
      • Chapter 37: Foreign Tax Credit
    • Filing Matters
      • Chapter 38: Tax Payments
      • Chapter 39: Filing Returns
    • QUICK REFERENCE TABLES
      • QUICK ACCESS FEDERAL TAX DATA
      • TAX RATE TABLES AND SCHEDULES
      • FILING REQUIREMENTS
      • PENALTY TABLE
      • IRS RETURN FILING
      • FORMS AND PUBLICATIONS
      • INTEREST RATE, OID, AND PRESENT VALUE TABLES
      • INCOME AND DEDUCTIONS TABLES
      • SOCIAL SECURITY TABLES
      • RETIREMENT PLAN TABLES
      • CREDIT TABLES
      • OTHER TABLES
    • DEPRECIATION TABLES
      • RECOVERY PERIODS
      • SUMMARIES OF DEPRECIATION RULES
      • MACRS PERSONAL PROPERTY—HALF-YEAR CONVENTION
      • MACRS PERSONAL PROPERTY—MIDQUARTER CONVENTION
      • MACRS REAL PROPERTY—RESIDENTIAL
      • MACRS REAL PROPERTY—NONRESIDENTIAL 31.5 YEAR
      • MACRS REAL PROPERTY—OTHER NONRESIDENTIAL
    • AUTO TABLES
      • TAX LAW SUMMARIES
      • AUTOMOBILE DEPRECIATION
      • LEASED AUTOMOBILES
    • ELECTIONS
      • AGRICULTURE
      • ALTERNATIVE MINIMUM TAX
      • CAPITAL ASSET TRANSACTIONS
      • DEPRECIATION AND COST RECOVERY
      • INTEREST EXPENSE
      • PASSIVE ACTIVITIES
      • RETIREMENT PLANS
      • NATURAL RESOURCES
      • INCOME
      • LOSSES, DEDUCTIONS, AND CREDITS
      • GENERAL
    • CHECKLISTS
      • Checklists
    • WORKSHEETS
      • GENERAL
      • INCOME AND GAINS
      • ADJUSTMENTS AND DEDUCTIONS
      • TAXES AND CREDITS
    • OTHER PRACTICE AIDS
      • PRACTICE MANAGEMENT
      • EXEMPTIONS
      • INCOME AND GAINS/LOSSES
      • RETIREMENT PLANS
      • DEDUCTIONS
      • TAXES AND CREDITS
      • OTHER
    • Roadmap to Individual Tax Planning
    • INDEX
      • --A--
      • --B--
      • --C--
      • --D--
      • --E--
      • --F--
      • --G--
      • --H--
      • --I--
      • --J--
      • --K--
      • --L--
      • --M--
      • --N--
      • --O--
      • --P--
      • --Q--
      • --R--
      • --S--
      • --T--
      • --U--
      • --V--
      • --W--
  • PPC 1040 Deskbook - Interactive Practice Aids Brochure View
  • Checkpoint PPC Deskbooks Brochure View
  • PPC's 1040 Deskbook - List of Substantive Changes View

DESCRIPTION

PPC’s 1040 Deskbook provides detailed, easy-to-understand, and affordable tax return focused guidance, complete with real-life examples and illustrations of filled-in forms, so owners and/or staff can quickly and easily resolve the key issues encountered when preparing individual tax returns. The Deskbook provides workflow guidance, tools and other practice aids that will save time, help ensure returns are accurately prepared, and enable owners and/or staff to identify potential tax planning opportunities for clients.

This Deskbook provides the practical, how-to guidance needed for preparing Form 1040 by any level of preparer. It identifies the key issues and covers the complex, unusual topics with workable solutions, examples, filled-in forms, and practice aids to resolve these issues in a timely, efficient manner. The Deskbook contains a unique Quick Reference Binder containing numerous tables, elections, worksheets, checklists, flowcharts, and other tools that place important information at the return preparer’s fingertips to save valuable time. It also includes a Roadmap to help identify individual tax planning engagements by simply reviewing a completed Form 1040 tax return.

  • Coverage of the individual mandate to maintain adequate health insurance coverage and the shared responsibility penalty for failure to maintain coverage, including examples and a worksheet calculating the penalty.
  • Coverage of healthcare premium assistance credit (premium tax credit), including examples and practice aids calculating the credit.
  • Updated and expanded coverage of new provisions affecting IRAs.
  • Updated and expanded coverage of the 3.8% net investment income tax (3.8% NIIT).
  • New guidance on tax accounting for transactions involving floating net asset value (NAV) money market funds, including the effect on the wash sale rules.
  • New practice aids related to the newly effective provisions of the Affordable Health Care Act.

Our editorial staff constantly monitors legislative, judicial, and administrative developments to provide the most comprehensive tax return preparation guidance. We also enlist the services of respected practitioners and other experts to assist our editors in making this Deskbook as complete and useful as possible.

TABLE OF CONTENT

  • 1040 Deskbook
    • INTRODUCTORY MATERIAL
    • Filing Status and Exemptions
      • Chapter 1: Filing Status
      • Chapter 2: Personal Exemptions
    • Income and Adjustments
      • Chapter 3: Wages and Salaries
      • Chapter 4: Interest and Dividend Income
      • Chapter 5: Pension and Retirement Income
      • Chapter 6: Other Items of Income
      • Chapter 7: Adjustments to Income
    • Business, Farm, and Rental
      • Chapter 8: Sole Proprietorships (Schedule C)
      • Chapter 9: Farm Income and Expenses (Schedule F)
      • Chapter 10: Rental Property (Schedule E)
      • Chapter 11: Tax Accounting Methods
      • Chapter 12: Travel and Entertainment
      • Chapter 13: Net Operating Losses
    • Depreciation and Autos
      • Chapter 14: Depreciation
      • Chapter 15: Automobiles and Other Listed Property
    • Passive and Passthrough
      • Chapter 16: Passive Activities
      • Chapter 17: Pass-through Entities
    • Gains and Losses
      • Chapter 18: Securities Transactions
      • Chapter 19: Installment Sales, Like-kind Exchanges, and Conversions of Property
      • Chapter 20: Trade or Business Property Transactions
      • Chapter 21: Bad Debt Losses, Debt Discharge Income, and Foreclosures
      • Chapter 22: Personal Residence Transactions
    • Below-market Loans
      • Chapter 23: Below-market Loans
    • Personal Deductions
      • Chapter 24: Standard Deduction
      • Chapter 25: Medical Expenses
      • Chapter 26: Charitable Contributions
      • Chapter 27: Deductible Taxes
      • Chapter 28: Other Itemized Deductions
      • Chapter 29: Interest Expense
    • Tax Calculations
      • Chapter 30: Self-employment (SE) Tax
      • Chapter 31: Alternative Minimum Tax
      • Chapter 32: Kiddie Tax
      • Chapter 33: Tax on Lump-sum Distributions
      • Chapter 34: Excise and Other Taxes
    • Tax Credits
      • Chapter 35: Personal Credits
      • Chapter 36: Business Credits
      • Chapter 37: Foreign Tax Credit
    • Filing Matters
      • Chapter 38: Tax Payments
      • Chapter 39: Filing Returns
    • QUICK REFERENCE TABLES
      • QUICK ACCESS FEDERAL TAX DATA
      • TAX RATE TABLES AND SCHEDULES
      • FILING REQUIREMENTS
      • PENALTY TABLE
      • IRS RETURN FILING
      • FORMS AND PUBLICATIONS
      • INTEREST RATE, OID, AND PRESENT VALUE TABLES
      • INCOME AND DEDUCTIONS TABLES
      • SOCIAL SECURITY TABLES
      • RETIREMENT PLAN TABLES
      • CREDIT TABLES
      • OTHER TABLES
    • DEPRECIATION TABLES
      • RECOVERY PERIODS
      • SUMMARIES OF DEPRECIATION RULES
      • MACRS PERSONAL PROPERTY—HALF-YEAR CONVENTION
      • MACRS PERSONAL PROPERTY—MIDQUARTER CONVENTION
      • MACRS REAL PROPERTY—RESIDENTIAL
      • MACRS REAL PROPERTY—NONRESIDENTIAL 31.5 YEAR
      • MACRS REAL PROPERTY—OTHER NONRESIDENTIAL
    • AUTO TABLES
      • TAX LAW SUMMARIES
      • AUTOMOBILE DEPRECIATION
      • LEASED AUTOMOBILES
    • ELECTIONS
      • AGRICULTURE
      • ALTERNATIVE MINIMUM TAX
      • CAPITAL ASSET TRANSACTIONS
      • DEPRECIATION AND COST RECOVERY
      • INTEREST EXPENSE
      • PASSIVE ACTIVITIES
      • RETIREMENT PLANS
      • NATURAL RESOURCES
      • INCOME
      • LOSSES, DEDUCTIONS, AND CREDITS
      • GENERAL
    • CHECKLISTS
      • Checklists
    • WORKSHEETS
      • GENERAL
      • INCOME AND GAINS
      • ADJUSTMENTS AND DEDUCTIONS
      • TAXES AND CREDITS
    • OTHER PRACTICE AIDS
      • PRACTICE MANAGEMENT
      • EXEMPTIONS
      • INCOME AND GAINS/LOSSES
      • RETIREMENT PLANS
      • DEDUCTIONS
      • TAXES AND CREDITS
      • OTHER
    • Roadmap to Individual Tax Planning
    • INDEX
      • --A--
      • --B--
      • --C--
      • --D--
      • --E--
      • --F--
      • --G--
      • --H--
      • --I--
      • --J--
      • --K--
      • --L--
      • --M--
      • --N--
      • --O--
      • --P--
      • --Q--
      • --R--
      • --S--
      • --T--
      • --U--
      • --V--
      • --W--

RELATED RESOURCES

  • PPC's 1040 Deskbook - List of Substantive Changes View
  • Checkpoint PPC Deskbooks Brochure View
  • PPC 1040 Deskbook - Interactive Practice Aids Brochure View