Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

1250 Property

VIEWS: 26 PAGES: 67

1250 Property document sample

More Info
									GENERAL

chapter
outlines




sub-topics



GLEIM INDEX-13ED




PUB 17 INDEX-2003



GQMS RECAP
This file contains a lecture outline for each of the
fourteen chapters in the text used for the income
tax course (ACC 403) at CSUB….
Essentials of Federal Income Taxation
CCH text by Seig & Johnson-2004 Edition

Note: Chapter 14 is covered after chapter 2.
(I follow the Business Entity Option noted
in the text preface.)

HOT TOPICS---FREQUENTLY TESTED TOPICS
IN PROFESSIONAL EXAMS (and mine) ARE
GIVEN A RED BACKGROUND.

Some chapters have tabs labeled
for additional topics for that chapter.


This file contains the Gleim Federal Tax Q&A
text index. It includes a cross-reference to the
Essentials text.
Modules in red background GMQS!

NOTE: Both the Gleim and Pub 17 files are
sorted in order their actual order.
They can also be sorted in order by there
relation to the Essentials text.
Pub 17 index cross-referenced to the
Essentials text


Covered in first class.
 Ess     TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
   1   3 INCOME TAX OBJECTIVES
   1   3 BASIC TAX FORMULA
   1   3 INDIVIDUAL TAXPAYERS
   1   4 GROSS INCOME (importance of)
   1   6 DEDUCTIONS FOR AGI (above the line)
   1   6 DEDUCTIONS FROM AGI (below the line)
   1   6 STANDARD DEDUCTION (vs itemized deductions)
   1   7    BASIC STANDARD DEDUCTION
   1   7    ADDITIONAL STANDARD DEDUCTION
   1   8    STANDARD DEDUCTION FOR DEPENDENTS (worksheet)
   1   9 EXEMPTIONS
   1   9    PHASE-OUT OF EXEMPTIONS (going with new law!)
   1   9    FILLED-IN PERSONAL EXEMPTION WORKSHEET
   1 10     PERSONAL EXEMPTIONS
   1 10     EXEMPTION FOR SPOUSE
   1 11     EXEMPTIONS FOR DEPENDENTS
   1 11 DEPENDENCY TESTS (five of them)
   1 11     RELATIONSHIP TEST
   1 12     CITIZENSHIP TEST
   1 12     SUPPORT TEST
   1 16     GROSS INCOME TEST
   1 17     JOINT RETURN TEST
   1 17 TAX BASE FORMULA (another view)
   1 18 FILING STATUS (5 but only 4 tax rate schedules)
   1 18     MFJ (2 OF 5)
   1 19     MS (3 OF 5)
   1 20     SS (5 OF 5)
   1 20     HOH (4 OF 5)
   1 21     S (1 OF 5)
   1 21 INDIVIDUAL FILING REQUIREMENTS
   1 21     SE INCOME TEST
   1 22     GROSS INCOME TEST
   1 23 TAX YEAR
   1 23 TAXPAYER RESPONSIBILITIES
   1 25 PROPERTY DISPOSALS
   1 25 USES OF PROPERTY
   1 25 CAPITAL ASSETS
   1 25 RATE(S) OF TAX ON CAPITAL GAINS
   1 26 REDUCING THE TAX BITE
   1 26     ACQUIRE A WORKING KNOWLEDGE OF THE TAX LAW
   1 26     PLAN TRANSACTIONS IN ADVANCE TO REDUCE TAXES
   1 28     MAXIMIZE UNREALIZED INCOME
   1 28     KEEP GOOD RECORDS
 Ess     TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
   2   2 INDIVIDUAL INCOME TAX RATES
   2   2 TAX RATE SCHEDULES (X, Y-1, Y-2, Z)
   2   3 TAX TABLE(S) (use of)
   2   4 INDEXING
   2   4 PAYING THE TAX LIABILITY
   2   4 ESTIMATED TAX PAYMENTS (ES)
   2   4 FEDERAL TAXES WITHHELD
   2   5 CREDITS AGAINST THE TAX
   2   5 EXCESS SOCIAL SECURITY TAXES
   2   7 FILLED-IN FOR W-2
   2   7 PERSONAL TAX CREDITS
   2   7 CHILD & DEPENDENT CARE CREDIT
   2 11 CHILD TAX CREDIT
   2 14 EDUCATION CREDITS
   2 17 EARNED INCOME CREDIT (EIC)
   2 18 FILLED-IN FORM 8863
   2 20 ADOPTION CREDIT
   2 21 FILLED-IN SCHEDULE EIC
   2 22 FILLED-IN SCHEDULE EIC WORKSHEET
   2 23 RETIREMENT SAVINGS CONTRIBUTION CREDIT
   2 24 FOREIGN TAX CREDIT
   2 24 ELDERLY OR DISABLED CREDIT
   2 24 FORM 1040EZ (Filled-in form on page 2.28)
   2 27 FORM 1040A (Filled-in form on page 2.29 & 2.30)
   2 31 FORM 1040 (see instructor Excel 1040)
   2 31 ELECTRONIC FILING
   2 31 IRS HOME PAGE
   2 31 EXTENSIONS OF TIME TO FILE
   2 32 FILLED-IN FORM 4868
                          MARRIAGE PENALTY



MARRIAGE PENALTY PROBLEM 15 (PAGE 2-38 IN 2004 ED)


Taxpayers------>       Marilyn      Charles Combined     MFJ
Salary                  32,000       32,000   64,000     64,000
                                                 -
                                                 -
total income            32,000       32,000   64,000     64,000
adj                        -            -        -          -
AGI                     32,000       32,000   64,000     64,000
std                     (4,750)      (4,750)  (9,500)    (9,500)
Exemption               (3,050)      (3,050)  (6,100)    (6,100)
Taxable Income (TI)     24,200       24,200   48,400     48,400
Tax per tables           3,284        3,284    6,568      6,564
          Tax/AGI %        10%          10%      10%        10%
            Tax/TI %       14%          14%      14%        14%
Marginal tax rate          15%          15%      15%        15%


MODIFIED---
MARRIAGE PENALTY PROBLEM 15 (PAGE 2-38 IN 2004 ED)


Taxpayers------>       Marilyn  Charles Combined         MFJ
Salary                  62,000   62,000 124,000         124,000
                                             -
                                             -
total income            62,000   62,000 124,000         124,000
adj                        -        -        -              -
AGI                     62,000   62,000 124,000         124,000
std                     (4,750)  (4,750)  (9,500)        (9,500)
Exemption               (3,050)  (3,050)  (6,100)        (6,100)


                                  Page 5
                          MARRIAGE PENALTY



Taxable Income (TI)     54,200        54,200   108,400   108,400
Tax per tables          10,366        10,366    20,732    20,720
          Tax/AGI %        17%           17%       17%       17%
           Tax/TI %        19%           19%       19%       19%
Marginal tax rate          25%           25%       25%       25%


MODIFIED---
MARRIAGE PENALTY PROBLEM 15 (PAGE 2-38 IN 2004 ED)


Taxpayers------>       Marilyn      Charles Combined      MFJ
Salary                 100,000      100,000 200,000      200,000
                                                 -
                                                 -
total income           100,000      100,000 200,000      200,000
adj                        -            -        -           -
AGI                    100,000      100,000 200,000      200,000
std                     (4,750)      (4,750)  (9,500)     (9,500)
Exemption               (3,050)      (3,050)  (6,100)     (6,100)
Taxable Income (TI)     92,200       92,200 184,400      184,400
Tax per tables          20,569       20,569   41,138      42,232
          Tax/AGI %        21%          21%      21%         21%
            Tax/TI %       22%          22%      22%         23%
Marginal tax rate          28%          28%      28%         33%




                                  Page 6
             MARRIAGE PENALTY




Difference
       -
       -
       -
       -
       -
       -
       -
       -
       -
         4
        0%
        0%
        0%




Difference
       -
       -
       -
       -
       -
       -
       -
       -


                  Page 7
              MARRIAGE PENALTY



       -
        12
        0%
        0%
        0%




Difference
       -
       -
       -
       -
       -
       -
       -
       -
       -
    (1,094)
       -1%
       -1%
       -5%




                   Page 8
MARRIED FILING SEPARATE
Taxpayers------>  Marilyn        Charles Combined
Salary             62,000        100,000   162,000
                                               -
                                               -
total income           62,000    100,000   162,000
adj                       -           -        -
AGI                    62,000    100,000   162,000
std                    (4,750)     (4,750)  (9,500)
Exemption              (3,050)     (3,050)  (6,100)
Taxable Income (TI)    54,200     92,200   146,400
Tax per tables          3,284       3,284    6,568 MFS
                        3,284       3,284    6,568 Single
                                             6,564 MFJ

Taxpayers------>      Marilyn    Charles Combined
Salary                 62,000     62,000  124,000
Tax per tables         10,366     10,366   20,732 MFS
                       10,366     10,366   20,732 Single
                                           20,720 MFJ


Salary                100,000    100,000   200,000
Tax per tables         21,157     21,157    42,314 MFS
                       20,569     20,569    41,138 Single
                                            42,232 MFJ
  -
      4




  -
   12




1,176
   82
 Ess     TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
  14   1 BUSINESS ENTITIES (SP/PART/CORPS)
  14   2 THE NATURE OF PARTNERSHIPS
  14   3 YEAR TO REPORT PARTNERSHIP INCOME
  14   3 PARTNERSHIP TAX YEAR
  14   4 REPORTING PARTNERSHIP INCOME & DED
  14   5 PARTNERSHIP ORDINARY INCOME
  14   5 Guaranteed payments
  14   6 SEPARATELY STATED ITEMS
  14   6 INCOME ITEMS
  14   6 DECUCTION ITEMS
  14   7 NET OPERATING LOSSES (NOLs)
  14   7 FOREIGN TAXES
  14   7 CREDITS
  14   8 examples of separately stated items
  14   8 DEDUCTIONS NOT APPLICABLE TO PARTNERSHIPS
  14   8 PARTNERSHIP/PARTNER TRANSACTIONS
  14   8 BASIS & BASIS ASJUSTMENTS
  14   9 PARTNERSHIP DISTRIBUTIONS
  14   9 LLCs & PARTNERSHIPS
  14 10 THE NATURE OF S CORPORATIONS
  14 10 S CORP STATUS
  14 10     REQUIREMENTS (list on page 11)
  14 12     ELECTION
  14 13     TERMINATION
  14 14 S CORP RETURNS (1120-S INFO NOT TAX RETURN)
  14 14     TAX YEAR
  14 15     REPORTING INCOME & DEDUCTIONS
  14 16     K-1 ALLOCATIONS
  14 16     UTILIZING LOSSES
  14 18 TRANSACTIONS BETWEEN S CORP & SHAREHOLDERS
  14 18     STOCK BASIS FOR SHAREHOLDERS
  14 19     DISTRIBUTIONS TO SHAREHOLDERS
  14 20 THE NATURE OF C CORPORATIONS
  14 21 FORMING A CORPORATION
  14 21 CORPORATE TAX RETURNS & RATES (calculation)
  14 21     PERIOD COVERED BY RETURN
  14 22     DUE DATE
  14 22     RATE STRUCTURE & CALCULATION
  14 23     PERSONAL SERVICE CORPS (PSCs)
  14 23 CORPORATE TAXABLE INCOME
  14 24     ACCOUNTING METHODS
  14 24     CORPORATE TAX FORMULA
  14 24     INCOME ITEMS
  14 25     BUSINESS DEDUCTIONS
  14 26     SPECIAL DEDUCTIONS--DRD, Contributions, NOLs
  14 27     CREDITS
  14 27     SPECIAL TAXES
  14 27     TAX PAYMENTS (estimated)
  14 29 CORPORATE DISTRIBUTIONS
  14 29     TAXABLE DIVIDENDS
  14 29     EARNINGS & PROFIT (E&P)
  14 30     DISTRIBUTIONS OF PROPERTY
        TOPICAL VIEW OF BUSINESS ENTITIES & ISSUES
Sole proprietorships

                                  Pass Through Entities
PARTNERSHIPS
Nature of partnerships
Partnership "return"
Tax year
Reporting income & deductions:
                          Ordinary income
                          Guaranteed payments
                          Separately stated items
LLCs (Limited Liability Companies)
                             A hybrid partnership
S CORPORATIONS
Requirements:                Domestic corporation
                             Once class of stock
                             Number of shareholders
                             Shareholder type limitation

Election:                    Timing
                             Shareholder consent

Termination:                 Voluntary
                             Involuntary (automatic)
Tax year
Reporting income & deductions:
                               Separately stated items
                               Ordinary income
Allocation (of profit/loss) to shareholders
C CORPORATIONS
               Corporate Life Cycle
  LIFE CYCLE EVENT        CORPORATE ACTIVITY
            BIRTH                      FORMATION           Charter/bi-laws
    DAY-TO-DAY LIFE                    OPERATIONS          Make a living
       MARRIAGE                          MERGER            Two become one
       ADOPTION                        ACQUISITION         Parent/Subsidiary corp
        DIVORCE                        DIVESTITURE         Spin off/Split up
VISIT TO THE DOCTOR                RECAPITALIZATION        Bankruptcy
            DEATH                      LIQUIDATION         Voluntary/Involuntary
Nature of C Corporations     Capital gains & losses        Deductions:
Corporate tax returns        Depreciation recapture         Compensation
Corporate tax rates          NOLs                           Bad Debts
PSCs                         Credits                        Organization costs
Accounting methods      ES requirements             Passive losses
Corporate tax formula   Corporate Distributions:    Charitable contributions
                         Taxable dividends          DRD
                         Earnings & Profits (E&P)
 Ess     TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
   3   2 GENERAL GUIDELINES
   3   2    EXCEPTIONS
   3   3 PROFIT & LOSS FROM BUSINESS
   3   3 COMPENSATION
   3   3    FEES, BONUSES, COMM, SALARIES 7 WAGES
   3   4    TIPS
   3   5    FILLED-IN FORM 4070 (Employee report of tips)
   3   6    FILLED-IN FORM 4137 (Employee goofed)
   3   7 DIVORCE & SEPARATION AGREEMENTS
   3   7    PROPERTY SETTLEMENT
   3   7    ALIMONY
   3   8    CHILD SUPPORT
   3   8 DIVIDEND INCOME
   3   8    ORDINARY DIVIDENDS (What is E&P)
   3   9    NOMINEE DIVIDENDS
   3   9    DRIPS
   3   9    RETURN-OF-CAPITAL DISTRIBUTIONS
   3   9    DISTRIBUTIONS OF MUTUAL FUNDS
   3 10     REPORTING DIVIDEND INCOME
   3 11     FILLED-IN SCH 1 II (for 1040A aka SCH B for 1040)
   3 11 FARM INCOME OR LOSS
   3 11 GAINS & LOSSES
   3 12 INTEREST INCOME
   3 12     INTEREST AS DIVIDENDS
   3 12     SAVINGS ACCOUNTS & CDs
   3 12     MERCHANDISE PREMIUMS
   3 12     INTEREST ON INSURANCE DIVIDENDS
   3 12     U.S. SAVINGS BONDS
   3 13     U.S. T BILLS, NOTES & BONDS
   3 13     ACCRUED INTEREST
   3 13     OID
   3 15     MD BONDS
   3 15     BOND PREMIUMS ON TAXABLE BONDS
   3 16     IMPUTED INTEREST
   3 17     REPORTING INTEREST INCOME
   3 18     FILLED-IN FORM 1099-INT
   3 19     FILLED-IN SCH 1 I (for 1040A aka SCH B for 1040)
   3 19 KIDDIE TAX (Why?)
   3 21     FILLED-IN FORM 8615
   3 20     CHILD'S INCOME ON PARENT'S RETURN
   3 22 IRA DISTRIBUTIONS
   3 22 PENSIONS & ANNUITIES
   3 24 RENTS & ROYALTIES
   3 24 SOCIAL SECURITY BENEFITS
   3 25 UNEMPLOYMENT COMPENSATION (UC INS)
   3 25 SIT REFUNDS
   3 25 TAX BENEFIT RULE
   3 26 ILLEGAL INCOME
   3 26 OTHER INCOME
TAXABLE SSA BENEFITS                 variables
     Filing status--------------->      MJ       MS w/s OTHER
a    Tier 1 REVISED AGI                32,000          0 25,000
b    Tier 2 Revised AGI                44,000          0 34,000
c    Tier 2 b                            6,000         0  4,500
d    SSA BENEFITS                      13,500    13,500  13,500
   1 AGI B4 SSA                        75,000    75,000  75,000
   2 50% OF SSA 1099                     6,750    6,750   6,750
   3
   4 TAX EXEMPT INT                     5,000     5,000       5,000
   5 REVISED AGI                       86,750    86,750      86,750
   6 Deduct Tier 1                    (32,000)      -       (25,000)
   7 Sum(5-6) or zero                  54,750    86,750      61,750
   8 50% factor                            0.5        0.5        0.5
   9 Tier 1 base                       27,375    43,375      30,875
  10 Lesser of 2 or 9                   6,750     6,750       6,750
  11 Lesser of Tier 2 b Ln 10           6,000       -         4,500
  12 (Ln 5Ln-b) * .85                  36,338    73,738      44,838
  13 Tier 2 base SUM(11&12)            42,338    73,738      49,338
  14 85% of SSA BENEFITS               11,475    11,475      11,475
  15 Lesser of 13 or 14                11,475    11,475      11,475

     GREATER OF Ln 15 or Ln 10 = taxable SSA benefits:
                              11,475     11,475    11,475
 50%
 85%




GOT YA!




Tier 1 taxable




Tier 2 taxable
 Ess         TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch #   Pg#   (comment)
   4     2   GROSS INCOME EXCLUSIONS
   4     2      BEQUESTS & INHERITANCES
   4     2      GIFTS
   4     2      DIVIDENDS, TAX EXEMPT
   4     3      FOREIGN-EARNED INCOME EXCLUSION
   4     3      FRINGE BENEFITS
   4     7      MEALS AND LODGING
   4     7      INCOME OF MINORS
   4     8      INSURANCE, PROCEEDS FROM LIFE POLICY
   4     8      INTEREST, TAX-EXEMPT
   4    10      FILLED-IN FORM 8815
   4    10      SCHOLARSHIP AND FELLOWSHIP GRANTS
   4    10      SOCIAL SECURITY BENEFITS
   4    11      COMPENSATION FOR PHYSICAL INJURY AND SICKNESS
   4    11      ROTH IRAS
   4    12      EDUCATION IRAS (Coverdell Education IRAs)
   4    13      QUALIFIED STATE TUITION PROGRAMS
   4    13   ADJUSTMENTS TO INCOME
   4    14      EDUCATOR EXPENSES
   4    14      INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)
   4    17      STUDENT LOAN INTEREST
   4    17      TUITION & FEES DEDUCTION
   4    18      MOVING EXPENSES
   4    21      FILLED-IN FORM 4782
   4    21      FILLED-IN FORM 3903
   4    21      SELF-EMPLOYMENT TAX
   4    22      SELF-EMPLOYMENT HEALTH INSURANCE DEDUCTION 14
   4    22      KEOGH, SIMPLE AND SEP RETIREMENT PLANS
   4    22      PENALTY ON EARLY WITHDRAWAL OF SAVING
   4    22      ALIMONY
   4    23   REPORTING EXHIBITS
   4    24      FILLED-IN FORM 1040A, PAGE 1
   4    25      FILLED-IN FORM 1040A, PAGE 2
   4    27      FILLED-IN FORM 1040, PAGE 1
   4    28      FILLED-IN SCHEDULE B
 Ess
Ch # Pg# TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE (comment)
   5   2 REPORTING ITEMIZED DEDUCTIONS (SCH A)
   5   3 FILLED-IN SCHEDULE A
   5   5    MEDICAL AND DENTAL EXPENSES, SCHEDULE A (LINE 4)
   5   5    PRESCRIPTION DRUGS AND INSULIN
   5   6    MEDICAL AND DENTAL INSURANCE PREMIUMS
   5   6    OTHER MEDICAL EXPENSES
   5   8    REIMBURSEMENT
   5   8 TAXES PAID, SCHEDULE A (LINE 9)
   5   9    STATE AND LOCAL INCOME TAXES, SCHEDULE A (LINE 5)
   5   9    REAL ESTATE TAXES, SCHEDULE A (LINE 6)
   5  10    PERSONAL PROPERTY TAXES, SCHEDULE A (LINE 7)
   5  11 INTEREST PAID, SCHEDULE A (LINE 14)
            INTEREST ON QUALIFIED PERSONAL RESIDENT, SCHEDULE A
   5  11    (LINE 10)
   5  11    ACQUISITION INDEBTEDNESS
   5  12    HOME EQUITY INDEBTEDNESS
   5  12    POINTS, SCHEDULE A (LINE 12)
   5  13    INVESTMENT INTEREST EXPENSE, SCHEDULE A (LINE 13)
   5  14 GIFTS TO CHARITY, SCHEDULE A (LINE 18)
   5  14    CONTRIBUTIONS BY CASH OR CHECK, SCHEDULE A (LINE 15)
   5  16    NONCASH CONTRIBUTIONS, SCHEDULE A (LINE 16)
   5  16    NONDEDUCTIBLE CONTRIBUTIONS
   5  17 CASUALTY AND THEFT LOSSES, SCHEDULE A (LINE 19)
   5  18    CASUALTY EVENTS
   5  18    PROOF
   5  18    YEAR OF DEDUCTION
   5  19    EVENTS NOT CONSIDERED CASUALTIES
   5  19    BUSINESS & INVESTMENT CASUALTY LOSSES
   5  19 LIMITATIONS ON ITEMIZED DEDUCTIONS
 Ess     TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
   6   2 JOB EXPENSES & MOST OTHER MISC Ids
   6   2 EMPLOYEE BUSINESS EXPENSES, FORM 2106
   6   2 ACCOUNTABLE vs NONACCOUNTABLE PLANS
   6   4 VEHICLE EXPENSES
           PARKING FEES, TOLLS, & TRANSPORTATION
   6   5 THAT DON'T INVOLVE OVERNIGHT TRAVEL
   6   6 TRAVEL EXPENSES
   6   8 MEAL AND ENTERTAINMENT EXPENSES
           OTHER BUSINESS EXPENSES NOT INCLUDED
   6   9 ELSEWHERE ON FORM 2106
   6 13 FILLED-IN FORM 2106, PAGE 1
   6 14 FILLED-IN FORM 2106, PAGE 2
         MISCELLANEOUS DEDUCTIONS REPORTED ON
   6 12 SCHEDULE A (LINES 21 AND 22)
   6 15     HOBBY LOSSES
         OTHER MISCELLANEOUS DEDUCTIONS, SCHEDULE
   6 17 A (LINE 27)
   6 17 GAMBLING LOSSES
   6 17 IMPAIRMENT-RELATED WORK EXPENSES
   6 17 NONDEDUCTIBLE EXPENSES
   6 19 FILLED-IN SCHEDULE A (FORM 1040)
   6 20 FORM 1040 ILLUSTRATED
   6 21 FILLED-IN FORM 1040, PAGE 1
   6 22 FILLED-IN FORM 1040, PAGE 2
 Ess       TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg# (comment)
   7     2 ACCOUNTING METHODS
   7     2    CASH
   7     3    ACCRUAL
   7     4 REPORTING P&L-3 FORMS OF BUSINESS
   7     7 REPORTING P&L-SO;E PROPRIETORSHIPS
   7     7 STRUCTURE OF SCHEDULE C
   7     8    SCH C PG 1-FILLED-IN EXAMPLE
   7     9    SCH C PG 2-FILLED-IN EXAMPLE
   7     7 ITEM-BY-ITEM ANALYSIS-SCH C
   7     7    PART I: INCOME
   7    10    PART II: EXPENSES
   7    16    BUSINESS USE OF HOME
   7    19    FILLED-IN FORM 8829
   7    20 PART III: COST OF GOODS SOLD
   7    22    SCH C PG 1-FILLED-IN EXAMPLE
   7    23    SCH C PG 2-FILLED-IN EXAMPLE
   7    24 SELF-EMPLOYMENT TAXES (see Sch SE on Tax Cog & Forms)
   7    25    SHORT SCH SE
   7    26    LONG SCH SE
   7    27    FILLED-IN SCH SE-SECTION A
   7    28    FILLED-IN SCH SE-SECTION B
   7    26 RETIREMENT PLANS FOR SOLE PROPRIETORS
   7    29 KEOGH PLANS
   7    30 SEP PLANS
   7    31 SIMPLE PLANS
 Ess         TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
Ch # Pg#     (comment)
   8     2   DEPRECIATION OF BUSINESS PROPERTY
         3   DEPRECIATION-TANGIBLE PERSONAL PROPERTY
         3     "BONUS" DEPRECIATION
         4     MACRS
         4     AVERAGING CONVENTIONS
         9     ELECTION CHOICES
        10     179 DEDUCTION
        12     FILLED-IN FORM 4562, PART I
        12     LISTED PROPERTY LIMITATIONS
        14     FILLED-IN FORM 4562, PART V
        15     LUXURY AUTO LIMITS
        17   DEPRECIATION OF REAL PROPERTY
        17     MACRS
        18     OPTIONAL RECOVERY PERIODS
        18     HOME BUSINESS DEPRECIATION
        20     FILLED-IN FORM 8829
        22     FILLED-IN FORM 4562, PAGE 1
        23     FILLED-IN FORM 4562, PAGE 2
        24   AMORTIZATION OF INTANGIBLES
#GQ G CH
   9    2
   9    2
   9    3
   9    4
   9    4
   9    4
   9    5
   9    5
   9    8
   9   10
   9   11
   9   11
   9   11
   9   11
   9   11
   9   12
   9   12
   9   12
   9   13
   9   14
   9   14
   9   15
   9   15
   9   16
   9   17
   9   18
TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
(comment)
RENTAL INCOME AND EXPENSES
  RENTAL INCOME
  RENTAL EXPENSES
  SPECIAL RULES FOR PARTIAL RENTAL
  CONVERSION TO RENTAL USE
VACATION RENTALS
  RENTED LESS THAN 15 DAYS
  RENTED MORE THAN 14 DAYS
REPORTING RENTALS ON SCHEDULE E
  FILLED-IN SCH E, PAGE 1
LOSS LIMITATIONS
AT-RISK RULES
  AMOUNTS AT RISK
  DISALLOWED LOSSES
PALS
  PASSIVE ACTIVITY DEFINED
LOSSES FROM RENTAL REAL ESTATE
  REAL ESTATE TRADE OR BUSINESS
  $25,000 SPECIAL DEDUCTION FOR RE PROS
SUSPENDED LOSSES
  MULTIPLE ACTIVITIES
DISPOSITIONS OF PALs
REPORTING PALs
  FORM 8582
  FILLED-IN FORM 8582
  Sch E to accompany filled-in form 8582
 AT RISK
ORDINARY income
portfolio income
passive activities
              SUSPENDED

             MATERIALLY PARTICIPATE

                                                CF
A            (40,000)     (40,000)      50%          (25,000)
B             30,000                     0%              -
C            (32,000)     (32,000)      40%          (20,000)
D             (8,000)      (8,000)      10%           (5,000)
             (50,000)     (80,000)     100%          (50,000)

A              4,000                     0%              -
B            (12,000)     (12,000)      80%           (7,200)
C             (3,000)      (3,000)      20%           (1,800)
D              2,000                     0%              -
              (9,000)     (15,000)     100%           (9,000)

           BOY SL CY                            EOY CF
X           (20,000)   10000         (10,000)           6000
Y           (30,000)  -10000         (40,000)          24000
Z                      20000          20,000
            (50,000) 20,000          (30,000)        30,000
30000
#GQ    G CH
  10       2
  10       2
  10       3
  10       4
  10       4
  10       6
  10       6
  10       6
  10       6
  10       8
  10      10
  10      11
  10      11
  10      12
  10      12
  10      13
  10      14
  10      14
  10      15
  10      16
  10      17
  10      17
  10      18
  10      18
  10      18
  10      19
  10      20
  10      20
TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
(comment)
REALIZED GAIN OR LOSS
  AMOUNT REALIZED
  ADJUSTED BASIS
INITIAL BASIS
  PROPERTY ACQUIRED BY PURCHASE
  PROPERTY RECEIVED FROM SPOUSE
  INHERITED PROPERTY
  GIFTED PROPERTY
  PROPERTY RECEIVED FOR SERVICES-Patten addition
  PROPERTY CONVERTED TO BUSINESS USE
  SPECIAL RULES FOR STOCK OWNERSHIP
  RETURN-OF-CAPITAL
RECOGNIZED GAINS AND LOSSES
WASH SALES
SALES PETWEEN RELATED PARTIES
QUALIFIED SMALL BUSINESS STOCK
TAX DEFERRED EXCHANGES
LIKE-KIND EXCHANGES
  LIKE-KIND PROPERTY
  BOOT
  EXCHANGES BETWEEN RELATED PARTIES
SALE OF PRINCIPAL RESIDENCE
INVOLUNTARY CONVERSIONS
  CONDEMNATION GAINS & LOSSES
  CASUALTY & THEFT GAINS & LOSSES
  ELECTION TO POSTPONE REALIZED GAINS
  QUALIFIED REPLACEMENT PROPERTY
  REPLACEMENT PERIOD
n addition
PROBLEM 20-LIKE-KIND EXCHANGES                  REAL
  OLDE   $ PD     gave   NEW $ REC      got     G (L)
A 8,000           8,000  5,000   -      5,000   (3,000)
B 6,000 5,000 11,000 10,000            10,000   (1,000)
C 6,000 2,000     8,000 10,000         10,000    2,000
D 10,000         10,000  7,000 2,000    9,000   (1,000)
E 10,000         10,000  7,000 5,000   12,000    2,000
F 10,000         10,000 11,000 2,000   13,000    3,000
recog   basis
G (L)    new
   -     8,000
   -    11,000
   -     8,000
   -     8,000
2,000    7,000
2,000   10,000
#GQ    G CH
  11       2
  11       2
  11       3
  11       4
  11       7
  11       8
  11       9
  11      10
  11      13
  11      14
  11      15
  11      15
  11      17
  11      17
  11      19
  11      20
  11      20
  11      21
  11      23
  11      24
  11      22
  11      25
  11      26
TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
(comment)
CAPITAL GAINS & LOSSES
  CAPITAL ASSETS DEFINED
  HOLDING PERIODS FOR PROPERTY
  NETTING CAPITAL GAINS & LOSSES
  SCHEDULE D
  SPECIAL RULES
  FILLED-IN SCHEDULE D, Page 1
  FILLED-IN SCHEDULE D, Page 2
  OTHER WAYS OF PRODUCING CAPITAL G&L
BUSINESS GAINS & LOSSES
  BUSINESS CASUALTY OT THEFT GAINS & LOSSES
  DEPRECIATION RECAPTURE
  RECAPTURE OF SECTION 1231 LOSSES
  UNRECAPTURED SECTION 1250 GAINS
REPORTING BUS G&L ON THE TAX RETURN
  FORM 4684 (Section B) CASULATIES & THEFTS
  FORM 4797
  FILLED-IN FORM 4684 (Section B) CASULATIES &
  THEFTS
  FILLED-IN FORM 4797, Page 1
  FILLED-IN FORM 4797, Page 2
INSTALLMENT SALES
  COMPUTING INSTALLMENT GAIN
  DEPRECIATION RECAPTURE
#GQ    G CH
  12       2
  12       2
  12       3
  12       4
  12       4
  12       6
  12       7
  12       7
  12       7
  12      10
  12       9
  12       9
  12      11
  12      11
  12      12
  12      13
  12      13
  12      13
  12      14
  12      14
  12      15
  12      15
  12      16
  12      16
  12      16
  12      17
  12      18
  12      19
  12      19
  12      20
  12      21
12   22
TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
(comment)
NET OPERATING LOSSES-NOLs
  CALCULATING NOLs
  NOL DEDUCTION
ALTERNATIVE MINIMUM TAX-AMT
  PREFERENCES & ADJUSTMENTS
  AMT ITEMIZED DEDUCTIONS
  AMT EXEMPTION
  AMT RATES & CREDITS
  CALCULATING AMT
  FILLED-IN FORM 6251
BUSINESS TAX CREDITS
  GENERAL BUSINESS CREDIT
  INVESTMENT CREDIT
  WORK OPPORTINITY CREDIT
  LOW-INCOME HOUSING CREDIT
  DISABLED ACCESS CREDIT
  FICA TAX CREDIT
  EMPOWERMENT ZONE EMPLOYMENT CREDIT
  WELFARE-TO-WORK CREDIT
  EMPLOYER-PROVIDED CHAIL CARE CREDIT
  SMALL EMPLOYER PENSION PLAN STARTUP CREDIT
TAX PENALTIES
  REASONABLE CAUSE
INFORMATION RETURNS
   IRS COMPARISONS
   PENALTY FOR FAILURE TO FILE INFO RETURNS
AUDIT PROCESS
THE APPEAL PROCESS
TAXPAYER RIGHTS (See page 284 in 2003 Pub 17)
AMENDED RETURNS
   FILLED-IN FORM 1040X, PAGE 1
FILLED-IN FORM 1040X, PAGE 2
#GQ    G CH
  13          2
  13          2
  13          3
  13          3
  13          6
  13          6
  13          7
  13          8
  13          9
  13          9
  13          9

  13      10
  13      10
  13      10
  13      10
  13      12
  13      13
  13      14
  13      15
  13      15
  13      16

  13      16
  13      17
  13      17
  13      19
  13      18
  13      18
  13      18
  13      20
13   24
13   24
13   25
13   25
TOPIC/CHAPTER/MODULE/LEARNING OBJECTIVE
(comment)
WITHHOLDING SYSTEM
  IDENIFICATION NUMBERS
  WITHHOLDING FROM INCOME
  WITHOLDING ALLOWANCE CERTIFICATE
  CHANGING WITHHOLDING ALLOWANCES
  EXEMPTION FROM WITHHOLDING
  FILLED-IN W-4, Page 1
  FILLED-IN W-4, Page 2
FICA TAXES
  SOCIAL SECURITY & MEDICARE
  SPECIAL FICA SITUATIONS
  PENALTY FOR FAILURE TO COLLECT OR DEPOSIT
  TAXES-Don't even think about it!
REPORTING TO EMPLOYEES AND GOVERNMENT
  DISTRIBUTION OF W-2s
  FORM W-2
  FORM W-3
  FILLED-IN FORM W-2
  FILLED IN FORM W-3
UNEMPLOYMENT TAXES
  RATE & BASE
  DEPOSITING FUTA TAXES
WITHHOLDING ON PENSIONS, ANNUNITIES &
DEFERRED INCOME
EMPLOYER'S QUATERLY REPORT
  FILING THE QUATERLY REPORT
  FILLED-IN 941
FEDERAL TAX DEPOSIT SYSTEM
  COUPON BOOK
  FILLED-IN FORM 8109
  DEPOSIT FREQUENCY
ESTIMATED TAXES-ES
  WHO MAKES ES
  FILLED-IN ES WORKSHEET
  PAYMENT OF ES
#Q   SUM#   P#
      1      19
28   1.01    19
16   1.02    27
10   1.03    31
15   1.04    34
 7   1.05    38
 4   1.06    40
 6   1.07    41
 4   1.08    43
 3   1.09    44
      2      45
 5   2.01    45
10   2.02    47
22   2.03    50
 5   2.04    56
 4   2.05    58
 3   2.06    59
 6   2.07    60
 5   2.08    61
      3      63
44   3.01    63
11   3.02    74
23   3.03    77
 7   3.04    83
10   3.05    85
 7   3.06    88
 9   3.07    89
 9   3.08    92
      4      95
13   4.01    95
 9   4.02    99
17   4.03   101
8    4.04   107
      5     109
 6   5.01   109
 9   5.02   111
 7   5.03   114
12   5.04   116
35   5.05   119
12   5.06   128
 4   5.07   131
 7   5.08   132
 5   5.09   134
11   5.10   135
 3   5.11   138
 5   5.12   139
 3   5.13   140
      6     141
17   6.01   141
14   6.02   146
22   6.03   150
26   6.04   156
20   6.05   163
 3   6.06   168
42   6.07   169
 4   6.08   180
      7     183
23   7.01   181
23   7.02   187
16   7.03   192
14   7.04   196
 6   7.05   200
15   7.06   202
14   7.07   206
      8     211
19    8.01   211
 3    8.02   216
14    8.03   216
 6    8.04   220
 3    8.05   221
12    8.06   222
 1    8.07   225
 4    8.08   225
 9    8.09   226
 5    8.10   228
 4    8.11   230
 5    8.12   231
 3    8.13   232
 7    8.14   232
 7    8.15   234
 8    8.16   235
 7    8.17   237
 7    8.18   239
        9    241
19    9.01   241
 8    9.02   246
11    9.03   248
 8    9.04   251
15    9.05   254
 7    9.06   258
11    9.07   260
15    9.08   263
       10    267
10   10.01   267
 4   10.02   269
13   10.03   271
 3   10.04   274
23   10.05   274
15   10.06   282
 3   10.07   286
      11     287
 9   11.01   287
16   11.02   290
17   11.03   294
 9   11.04   299
 8   11.05   302
13   11.06   304
17   11.07   307
 5   11.08   312
 5   11.09   314
      12     317
 8   12.01   317
21   12.02   319
10   12.03   325
 6   12.04   328
 5   12.05   330
 5   12.06   332
      13     335
 5   13.01   335
24   13.02   336
22   13.03   344
 9   13.04   349
      14     353
 8   14.01   353
11   14.02   355
31   14.03   358
15   14.04   367
 9   14.05   371
19   14.06   374
14   14.07   379
13   14.08   383
15   14.09   387
10   14.10   391
      15     395
12   15.01   395
22   15.02   399
11   15.03   405
 6   15.04   410
 9   15.05   411
 8   15.06   414
12   15.07   415
 6   15.08   418
      16     421
15   16.01   421
 7   16.02   426
 2   16.03   428
 9   16.04   429
20   16.05   431
11   16.06   437
15   16.07   440
11   16.08   445
17   16.09   448
15   16.10   454
 2   16.11   458
23   16.12   459
21   16.13   465
11   16.14   472
 9   16.15   475
      17     477
14   17.01   477
26   17.02   481
18   17.03   489
 6   17.04   495
13   17.05   497
 2   17.06   501
12   17.07   502
 8   17.08   506
 9   17.09   508
10   17.10   511
 8   17.11   513
18   17.12   515
13   17.13   520
10   17.14   523
12   17.15   526
14   17.16   530
 6   17.17   534
11   17.18   535
      18     539
23   18.01   539
 7   18.02   545
28   18.03   547
 4   18.04   554
11   18.05   556
10   18.06   558
17   18.07   560
      19     565
26   19.01   565
17   19.02   573
 4   19.03   577
13   19.04   578
26   19.05   582
27   19.06   590
 4   19.07   598
14   19.08   599
13   19.09   602
      20     605
6    20.01   605
 7   20.02   606
20   20.03   608
23   20.04   613
 6   20.05   618
 5   20.06   620
15   20.07   621
      21     625
 9   21.01   625
 6   21.02   628
12   21.03   629
 5   21.04   633
 8   21.05   635
 6   21.06   637
14   21.07   638
 7   21.08   642
 7   21.09   644
 8   21.10   647
 9   21.11   649
 9   21.12   652
 4   21.13   655
 3   21.14   655
      22     657
 3   22.01   657
11   22.02   658
 5   22.03   660
 6   22.04   661
 8   22.05   663
20   22.06   665
      23     671
13   23.01   671
 5   23.02   674
10   23.03   676
36   23.04   678
  7    23.05   685
 12    23.06   687
 27    23.07   691
 12    23.08   697
 17    23.09   700
  5    23.10   703
  4    23.11   704
2464
TOPIC
GROSS INCOME
IDENTIFICATION OF ITEMS INCLUDED
INCOME FROM EMPLOYMENT
INTEREST INCOME
INCOME FROM STOCKS AND BONDS
INCOME FROM ANNUNITIES
RENTAL INCOME
INCOME FROM A DIVORCE
ASSIGNMENT OF INCOME
INCOME ON FINAL RETURNS
EXCLUSIONS FROM GROSS INCOME
DIVIDENDS, INTEREST/OTHER ITEMS
COMPENSATION FOR PHYSICAL INJURY AND SICKNESS
EMPLOYEE BENEFITS
SOCIAL SECURITY BENEFITS
PAYMENTS MADE AT DEATH
SCHOLARSHIPS & FELLOWSHIPS
FOREIGN INCOME EXCLUSION
GIFTS & PRIZES
BUSINESS EXPENSES & LOSSES
ORDINARY AND NECESSARY EXPENSES
BAD DEBT EXPENSE
BUSINESS TRAVEL & ENTERTAINMENT
BUSINESS GIFTS
EMPLOYEE COMPENSATION
RENTAL EXPENSE
FARM EXPENSE
CASUALTY AND THEFT LOSS
LIMITATIONS ON LOSSES
NET OPERATING LOSSES-NOLs
AT-RISK RULES
PASSIVE ACTIVITIES
BUSINESS USE OF HOME
OTHER DEDUCTIONS FOR AGI
TRADE & BUSINESS EXPENSES OF EMPLOYEES
RENTAL PROPERTY EXPENSES
EXPENSES RELATED TO PRODUCTION OF INCOME
ALIMONY
IRA PLANS
KEOGH PLANS
SEP PLANS
SIMPLE PLANS
ARCHER MEDICAL SAVINGS ACCOUNTS
MOVING EXPENSES
INTEREST ON EDUCATION LOANS
HIGHER EDUCATION EXPENSES
EDUCATOR CLASSROOM EXPENSES
DEDUCTIONS FROM AGI
MEDICAL EXPENSES
TAXES
INTEREST EXPENSE
CHARITABLE CONTRIBUTIONS
CASUALTY AND THEFT LOSSES
FIRST-TIER MISC ITEMIZED DEDUCTIONS
SECOND-TIER MISC ITEMIZED DEDUCTIONS
LIMIT ON ITEMIZED DEDUCTIONS FOR HIGH-INCOMES
INDIVIDUAL TAX COMPUTATIONS
PERSONAL EXEMPTIONS
FILING STATUS
FILING REQUIREMENTS
TAX CALCULATIONS
UNEARNED INCOME OF A MINOR CHILD (KIDDIE TAX)
ALTERNATIVE MINIMUM TAX (AMT)
ESTIMATED TAX PAYMENTS
CREDITS
EARNED INCOME & CHILD TAX CREDITS
OTHER REFUNDABLE CREDITS
CHILD CARE CREDIT
CREDIT FOR THE ELDERLY
INTEREST ON HOME MORTGAGE CREDIT
OTHER NONREFUNDABLE CREDITS
LIMITS ON NONREFUNDABLE PERSONAL CREDITS
FOREIGN TAX CREDIT
RESEARCH, EXPERIMNETAL CREDIT
WORK OPPORTINITY CREDIT
WELFARE-TO-WORK CREDIT
EMPOWERMENT ZONE EMPLOYMENT CREDIT
DISABLED ACCESS CREDIT
BUSINESS ENERGY CREDIT
REHABILITATION CREDIT
ITC RECAPTURE
LOW-INCOME HOUSING CREDIT
LIMITS, CARRYOVERS OF GBC
BASIS
PURCHASED PROPERTY
PROPERTY RECEIVED BY GIFT
INHERITED PROPERTY
PROPERTY RECEIVED FOR SERVICES
PROPERTY RECEIVED IN NONTAXABLE TRANSACTIONS
STOCK DIVIDENDS & STOCK RIGHTS
ADJUSTMENTS TO ASSET BASIS
HOLDING PERIOD
DEPRECIATION, AMORTIZATION, AND DEPLETION
DEPRECIABLE ASSETS AND RECOVERY PROPERTY
DEPRECIABLE BASIS
ELECTION TO EXPENSE
DERP. (ASSETS ACQUIRED 1981-1986)
DERP. (ASSETS ACQUIRED AFTER 1986)
AMORTIZATION
DEPLETION
CAPITAL GAINS AND LOSSES
 CAPITAL ASSETS DEFINED
 CAPITAL GAINS FORM SALE OF STOCK
 GAINS FROM OTHER CAPITAL ASSETS
 NET CAPITAL GAIN COMPUTATIONS
 NONBUSINESS BAD DEBTS
SMALL BUSINESS STOCK
CAPITAL LOSS LIMITATIONS & CARRYOVERS
SALES TO RELATED PARTIES
CAPITAL GAINS TAX CALCULATIONS
SALE OF BUSINESS PROPERTY
SECTION 1231 PROPERTY
SECTION 1245 PROPERTY
SECTION 1250 PROPERTY
SALE OF A BUSINESS
SALES TO RELATED PARTIES
EFFECT ON TAXABLE INCOME
NONTAXABLE PROPERTY TRANSACTIONS
INTRODUCTION
LIKE-LIND EXCHANGES
INVOLUNTARY CONVERSIONS
SALE OF PRINCIPAL RESIDENCE
PARTNERSHIP: FORMATION & OPEARTION
PARTNERSHIPS DEFINED
CLASSIFICATION OF BUSINESS ENTITIES
FORMATION OF A PARTNERSHIP
PARTNERSHIP TAX YEAR
PARTNERSHIP ORDINARY INCOME
PARTNERS' SHARE OF INCOME, GAIN
PARTNERSHIP LOSSES
GUARANTEED PAYMENTS
ADJUSTMENT TO BASIS OF PARTNERSHIP INTERST
TRANSACTIONS B/W PTNRSHIP & PARTNER
PTNRSHIP DISTRIBUTIONS, SALES/EXCHANGES
CURRENT DISTRIBUTIONS
LIQUIDATION DISTRIBUTIONS, PARTNER RETIREMENT
SALE OF A PARTNERSHIP INTEREST
SECTION 754 BASIS ADJUSTMENT
FAMILY PARTNERSHIPS
FILING REQUIREMENTS & TAX AUDIT PROCEDURES
ELECTING LARGE PARTNERSHIP
PUBLICALLY TRADED PARTNERSHIPS
CORPORATE FORMATION & OPERATIONS
CORPORATE FORMATION
ASSETS ACQUIRED FOR STOCK
GIFTS TO CORPORATIONS
PRE-OPERATING EXPENSE
BUSINESS DEDUCTIONS
BONDS, OTHER DEBT OBLIGATIONS
DIVIDENDS-RECEIVED DEDUCTION (DRD)
CHARITABLE CONTRIBUTION DEDUCTION
C CORP NET OPEERATING LOSSES
CAPITAL GAINS AND LOSSES
TREASURY STOCK
TAXABLE INCOME, TAX CALCULATIONS
ALTERNATIVE MINIMUM TAX
RETURN FILING, PAYMENT REQUIREMENTS
ESTIMATED TAX PAYMENTS
ADVANCED CORPORATE TOPICS
EARNINGS & PROFITS (E&P)
DIVIDENDS DISTRIBUTED TO SHAREHOLDERS
STOCK REDEMPTIONS
PARTIAL LIQUIDATIONS
COMPLETE LIQUIDATIONS
LIQUIDATIONSOF SUBSIDIARY CORP
CORPORATE DIVISIONS & REORGINIZATIONS
CONSOLIDATED TAX RETURNS
MULTIPLE CORPORATIONS
ACCUMULATED EARNINGS TAX (AET)
PERSONAL HOLDING COMPANY TAX (PHC TAX)
S CORP ELECTION
S CORP INCOME
S CORP LOSSES
DISTRIBUTIONS FROM S CORPS
TAXES LEVIED OF THE S CORP
S CORP FILING & ESTIMATED TAX REQUIREMENTS
TERMINATION OF S CORP STATUS
ESTATES, TRUSTS, TAX-EXEMPT ORGANIZATIONS
INCOME & DEDUCTIONS OF ESTATES, TRUSTS
DISTRIBUTABLE NET INCOME (DNI)
DISTRIBUTIONS FORM ESTATES & TRUSTS
GRANTOR TRUSTS
TAX YEARS, RETURN FILING, ESTIMATED TAXES/RULES
INCOME IN RESPECT OF A DECEDENT (IRD)
TAX-EXEMPT ORGANIZATIONS
ACCOUNTING METHODS
CASH METHOD (BASIS)
ACCRUAL METHOD (BASIS)
HYBRID METHOD
LONG-TERM CONTRACTS
INSTALLMENT SALES
INVENTORIES
CHANGE OF ACCOUNTING METHOD
TAX YEAR
REDORD-KEEPING REQUIREMENTS
EMPLOYMENT TAXES, WITHHOLDING
SOCIAL SECURITY TAX OVERVIEW
EMPLOYEE VS. INDEPENDENT CONTRACTOR
FICA FOR EMPLOYEES
FICA FOR THE SELF-EMPLOYED
FILING OF SS TAX RETURN
FEDERAL UNEMPLOYMENT TAX
WITHHOLDING
WEALTH TRANSFER TAXES
GIFTS DEFINED
VALUATION OF GIFTS
EXCLUSIONS AND DEDUCTIONS FOR GIFTS
GIFT-SPLITTING
CALCULATION OF GIFT TAX
REPORTING GIFTS
INCLUSIONS IN THE GROSS ESTATE
VALUATION OF ESTATE PROPERTY
DEDUCTIONS FROM THE GROSS ESTATE
CALCULATIO OF ESTATE TAX
ESTATE TAX PAYMENT & RETURNS
GENERATION-SKIPPING TRANSFERS (GST)
TAXABLE AMOUNT, TAPYAYER ID
CALCULATION OF GST
PREPARER RULES
COVERAGE OF TAX RETURN PREPERATION RULES
ID OF TAX RETURN PREPARER
ACT OF TAX RETURN PREP
REQUIRED COPIES OF RETURNS
SIGNATURE, ID, REPORTING REQUIREMENTS
PENALTIES ON TAX RETURN PREP
FEDERAL TAX PROCESS AND PROCEDURE
SOURCES OF THE TAX LAW
LEGISLATIVE PROCESS
RETURN EXAMINATION
POWER OF ATTNY & TAX INFO AUTHORIZATION
APPEALS WITHIN THE IRS
DEFICIENCIES & ASSESSMENTS
IRS COLLECTION PROCEDURES
CLAIMS FOR REFUND
TAX COURT
DISTRICT COURT & COURT OF FEDERAL CLAIMS
APPEALS
E#        G ORDER
              1
      3       2
      3       3
      3       4
      3       5
      3       6
      3       7
      3       8
      3       9
      3      10
             11
      4      12
      4      13
      4      14
      4      15
      4      16
      4      17
      4      18
      4      19
             20
      7      21
      7      22
      6      23
      6      24
      7      25
      7      26
      7      27
     11      28
             29
     12      30
      9      31
      9      32
 7   33
     34
 6   35
 9   36
 3   37
 4   38
 7   39
 7   40
 7   41
 7   42
 4   43
 4   44
 4   45
 4   46
 4   47
     48
 5   49
 5   50
 5   51
 5   52
 5   53
 6   54
 6   55
 5   56
     57
 1   58
 1   59
 1   60
 1   61
 3   62
12   63
13   64
     65
 2   66
 2   67
 2   68
 2   69
 2   70
 2   71
 2   72
 2   73
12   74
12   75
12   76
12   77
12   78
12   79
12   80
12   81
12   82
12   83
     84
10   85
10   86
10   87
10   88
10   89
10   90
10   91
10   92
     93
 8   94
 8   95
 8   96
 8   97
 8   98
 8    99
 8   100
     101
11   102
11   103
11   104
11   105
11   106
11   107
11   108
11   109
11   110
     111
11   112
11   113
11   114
11   115
11   116
11   117
     118
10   119
10   120
10   121
10   122
     123
14   124
14   125
14   126
14   127
14   128
14   129
14   130
14   131
14   132
14   133
     134
14   135
14   136
14   137
14   138
14   139
14   140
14   141
14   142
     143
14   144
14   145
14   146
14   147
14   148
14   149
14   150
14   151
14   152
14   153
14   154
14   155
14   156
14   157
14   158
     159
14   160
14   161
14   162
14   163
14   164
14   165
14   166
14   167
14   168
14   169
14   170
14   171
14   172
14   173
14   174
14   175
14   176
14   177
     178
 4   179
 4   180
 4   181
 4   182
 4   183
 4   184
 4   185
     186
 7   187
 7   188
 7   189
 7   190
11   191
 7   192
 7   193
 7   194
 1   195
     196
13   197
13   198
13   199
 7   200
13   201
13   202
13   203
     204
 4   205
 4   206
 4   207
 4   208
 4   209
 4   210
 4   211
 4   212
 4   213
 4   214
 4   215
 4   216
 4   217
 4   218
     219
 1   220
 1   221
 1   222
 1   223
 1   224
 1   225
     226
 1   227
 1   228
 2   229
12   230
12   231
 1   232
 2   233
12   234
12   235
12   236
12   237
  p17 CH ORDER #      Pg#   TOPIC                                                         Essentials CH#
INTRO             1    1    TAX LAW CHANGES, REMINDERS                                          1
        1         2    5    FORM 1040 INDEXED TO 2003 PUBLICATION 17                            1
Part 1            3    7    THE INCOME TAX RETURN
        1         4    7    FILING INFORMATION                                                  1
        2         5    23   FILING STATUS                                                       1
        3         6    28   PERSONAL EXEMPTIONS & DEPENDENTS                                    1
        4         7    37   DECEDENTS                                                           1
        5         8    42   TAX WITHHOLDING & ESTIMATED TAX                                     1
Part 2            9    50   INCOME
        6        10    50   WAGES, SALARIES & OTHER EARNINGS                                    3
        7        11    58   TIP INCOME                                                          3
        8        12    60   INTEREST INCOME                                                     3
        9        13    68   DIVIDENDS & OTHER CORPORATE DISTRIBUTIONS                           3
       10        14    73   RENTAL INCOME & EXPENSES                                            3
       11        15    83   RETIREMENT PLANS, PENSIONS & ANNUNITIES                             3
       12        16    89   SOCIAL SECURITY AND EQUIVALENT RAILROAD RETIREMENT BENEFITS         3
       13        17    93   OTHER INCOME                                                        3
Part 3           18   101   GAINS AND LOSSES
       14        19   101   BASIS OF PROPERTY                                                  10
       15        20   106   SALE OF PROPERTY                                                   10
       16        21   112   SELLING YOUR HOUSE                                                 10
       17        22   117   REPORTING GAINS AND LOSSES                                         11
Part 4           23   125   ADJUSTMENTS TO INCOME
       18        24   125   INDIVIDUAL RETIREMENT ARRANGEMENTS (IRSs)                           4
       19        25   138   MOVING EXPENSES                                                     4
       20        26   143   ALIMONY                                                             3
       21        27   146   EDUCATION-RELATED ADJUSTMENTS                                       3
Part 5           28   151   STANDARD DEDUCTIONS AND ITEMIZED DEDUCTIONS
       22        29   151   STANDARD DEDUCTION                                                  1
       23        30   154   MEDICAL AND DENTAL EXPENSES                                         5
       24        31   160   TAXES                                                               5
       25        32   164   INTEREST EXPENSE                                                    5
       26        33   171   CONTRIBUTIONS                                                       5
       27        34   179   NONBUSINESS CASUALTY AND THEFT LOSSES                               5
       28        35   185   CAR EXPENSES AND OTHER EMPLOYEE BUSINESS EXPENSES                   5
       29        36   204   TAX BENEFITS FOR WORK-RELATED EDUCATION                             6
       30        37   209   MISCELLANEOUS DEDUCTIONS                                            6
       31        38   215   LIMIT ON ITEMIZED DEDUCTIONS                                        6
Part 6           39   217   FIGURING YOUR TAXES AND CREDITS
       32        40   217   HOW TO FIGURE YOUR TAX                                              2
       33        41   220   TAX ON INVESTMENT INCOME OF CERTAIN MINOR CHILDREN                  3
       34        42   227   CHILD AND DEPENDENT CARE CREDIT                                     2
       35        43   237   CREDIT FOR THE ELDERLY OR THE DISABLED                              2
       36        44   244   CHILD TAX CREDIT                                                    2
       37        45   248   EDUCATION CREDITS                                                   2
       38        46   254   EARNED INCOME CREDIT (EIC)                                          2
       39        47   267   OTHER CREDITS                                                       2
                 48   263   2003 TAX TABLE                                                      1
                 49   275   2003 TAX RATE SCHEDULES                                             1
                 50   276   YOUR RIGHTS AS A TAXPAYER                                           1
                 51   277   HOW TO GET TAX HELP                                                 1
                 52   279   INDEX                                                               1
ESS   G SU   G MOD   #G Qs   #JP Qs
  1     23       1      13        2
  1     23       2       5        2
  1     23       6      12        3
  2     23       3      10        2
  2     23       7      27        2
 14     14       1       8        3
 14     14       2      11        2
 14     16       1      15        1
  3      1       1      93        1
  3      1       2
  3      1       3
  3      1       4
  3      1       5
  3      1       6
  3      1       7
  3      1       8
  3      1       9
  4      2       1      47       1
  4      2       2
  4      2       3
  4      2       4
  4      2       5
  4      2       6
  4      2       7
  4      2       8
  5      6       1      17       3
  5      6       2      14       1
  5      6       3      22       1
  5      6       4      26       1
  5      6       5      20       1
  6      6       7      42       1
  7      3       1      44       4
  7      4       4       8       2
  7     20       4      23       1
  8     10       1      71       5
  8     10       2
  8     10       3
  8     10       4
  8     10       5
  8     10       6
  8     10       7
  9      4       2       9       1
  9      4       3      17       3
 10      9       1      94       4
 10      9       2
 10      9       3
 10      9       4
 10      9       5
 10      9       6
 10      9       7
 10      9       8
     10              13       1      60   2
     10              13       2
     10              13       3
     10              13       4
     11              11       1      99   3
     11              11       2
     11              11       3
     11              11       4
     11              11       5
     11              11       6
     11              11       7
     11              11       8
     11              11       9
     11              12       1      55   2
     11              12       2
     11              12       3
     11              12       4
     11              12       5
     11              12       6
     12               4       1      13    2
     12               7       6      15    2
     13              20       2       7    1
TOTALS                       73     897   59   6.6%

total Glein mod/Qs          214    2464

                          34.1%   36.4%

								
To top