Fundamentals Of Taxation 2005 and Tax Act 2004 A Forms Approach

This unique book takes beginning learner from the teaching of theoretical tax rules to the practical application of tax law, and helps them experience and grasp the main issues involved in the complex tax preparation environment. A hands-on approach to education provides a discussion of the tax law and authority, identifies common source documents used in tax return preparation, illustrates proper reporting of income/expense items, and presents complete examples of the proper reporting through the critical use of tax software.Chapter coverage includes Forms 1040 and 1040A; gross income: inclusions and exclusions; itemized deductionsSchedule A; self-employed business income; sale of propertySchedule D and Form 4797; rental property, royalties, and income from flow-through entities; tax credits; payroll taxes; retirement and other tax-deferred plans and annuities: contributions and distributions; special tax transactions; partnership taxation; and corporate income taxForm 1120.For beginning tax preparersAICPA, and state accounting associations.Schisler, Dan is the author of 'Fundamentals Of Taxation 2005 and Tax Act 2004 A Forms Approach', published 2005 under ISBN 9780131644076 and ISBN 0131644076.