Overview
Whether you’re already a tax preparer or you’relooking to become one, you need a firm grasp of the tax concepts onwhich individual taxation is based. We created the Wiley TaxPreparer as a refresher for the experienced tax preparer, and as areadable guide for the less-experienced tax preparer.
This timely guide is an essential tax resource providing youwith useful information on tax principles and filing requirementsthat a preparer must know to complete a 1040 series return andassociated schedules. You’ll refer to it time and again, forinformation about:
Practices and Procedures
- Penalties to be assessed by the IRS against a preparer fordisregard of the rules and regulations
- Furnishing a copy of a return to a taxpayer
- Safeguarding taxpayer information
Treatment of Income and Assets
- Taxability of wages, salaries, tips, and other earnings
- Reporting requirements of Social Security benefits
- Determination of basis of assets
Deductions and Credits
- Medical and dental expenses
- Types of interest and tax payments
- Child and dependent care credit
Other Taxes
- Alternative Minimum Tax
- Self-Employment Tax
Preliminary Work and Collection of Taxpayer Data
- Collecting a taxpayer’s filing information anddetermining their status
- Determine filing requirements, including extensions and amendedreturns
- Personal exemptions and dependents
Completion of the Filing Process
- Check return for completeness and accuracy
- Tax withholding, payment and refund options, and estimated taxpayments
- Explaining and reviewing the tax return
Ethics and Circular 230
- Preparer’s due diligence for accuracy of representationsmade to clients and the IRS
- Sanctions that may be imposed under Circular 230
- Rules governing authority to practice before the IRS
If you’re looking for a practical guide to the principlesbehind Form 1040, look no further. The Wiley Tax Preparer is themost accessible guide to understanding how complex tax laws affectindividual taxpayers.
This book title, Wiley Tax Preparer (A Guide to Form 1040), ISBN: 9781118072622, by The Tax Institute at H&R Block, published by Wiley (March 25, 2013) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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