Tax Planning for Individuals Quickfinder® Handbook

Tab 1: Tables, Worksheets & Client Handouts
	Quick Facts Data Sheet What's New For 2010 Tax Provisions Scheduled to Expire After 2010 Tax Planning Document Request Form Estimated Tax—Client Projection Worksheet Recordkeeping for Individuals Like-Kind Exchange Worksheet Mutual Fund Record—Tracking Basis Qualified Tuition Program Savings Plan Checklist IRS's Sample Language for Inclusion in QDROs Social Security Quick Chart—Retirement Benefits (2010) Social Security Quick Chart—Family, Survivor and Disability Benefits (2010) Worksheet for Determining IRA Required Minimum Distributions Client Handouts
Tab 2: Roadmap to Individual Tax Planning
Tab 3: Residences and Vacation Homes
	Home Mortgage Reduced or Cancelled Gain Exclusion—Sale of Principal Residence Reduced Gain Exclusion Residence Gain Exclusion—Other Issues Residences and Like—Kind Exchanges Homes with Personal and Rental Use Dwelling Unit Used as a Home Homes Classified as Rental Property Vacation Home—Not Rented Timeshares and Co-Owned Vacation Homes Converting Residence to a Rental or Investment Property First-Time Homebuyer's Credit Energy Tax Credit for Homeowners
Tab 4: Sole Proprietors
	Evaluating Sole Proprietorships Recordkeeping Tax Benefits for Hiring Certain Employees Credit for Providing Health Insurance Taxation of a Sole Proprietorship Family Income Shifting Business Use of Automobiles Auto Depreciation Rules Alternative Motor Vehicle Credit Credits for Plug-In Vehicles Buying vs. Leasing a Vehicle Business Bad Debts Meals and Entertainment Travel Maximizing Depreciation Deductions Section 179 Deduction Special Depreciation Allowance Deducting Software Costs Hobby Losses Home Offices Start-Up Costs Deducting Health Insurance Premiums Medical Reimbursement Plans Health Savings Accounts Sample Medical Expense Reimbursement Plan
Tab 5: Compensation
	Nonqualified Deferred-Compensation Plans Section 409A Rules Restricted Stock Section 83(b) Election Stock-Based Compensation Programs Employer Stock Options Incentive Stock Options (ISOs) AMT Aspects of ISOs Nonqualified Stock Options (NQSOs) Comparison of Deferred-Compensation Options
Tab 6: Stocks, Bonds and Mutual Funds
	Capital Gain Rules Qualified Dividend Tax Rate Taxable vs. Tax-Exempt Returns Treasury Bills Discount Bonds Premium Bonds U.S. Savings Bonds Swapping Bonds to Claim Losses Private Activity Bonds and AMT Inflation—Indexed Bonds Stocks—Share Identification and Holding Periods Section 1244 Stock Ordinary Losses Qualified Small Business Stock Wash Sales Worthless Securities Fraud and Embezzlement Losses Publicly Traded Securities—Deferring Gain Stock Dividends and Stock Splits Constructive Sales Investors vs. Traders Mutual Funds Calls and Puts Investment Expenses Investments and Investors—Definitions
Tab 7: Real Estate
	Maximizing Real Property Depreciation Leasehold Improvements Qualified Leasehold Improvements Qualified Restaurant Property Qualified Retail Improvement Property Tax Rates on Real Property Sales Real Estate Options Installment Sales Escrow Accounts Like-Kind Exchanges Like-Kind Exchanges with Boot Property Received in a Like-Kind Exchange Deferred Like-Kind Exchanges Foreclosure or Repossession of Borrower's Property Passive Loss Limits on Rental Real Estate Energy Tax Incentives Real Estate Tax Tips—Rental Income and Expenses
Tab 8: Children
	How Children are Taxed Understanding the Kiddie Tax Investments that Minimize the Kiddie Tax Transferring Assets to Children Employing a Child Funding a Child's IRA Below-Market Loans to Children
Tab 9: Education
	The College Financial Aid System Federal Student Aid Summary Chart (2010?2011 Award Year) Financial Aid—Expected Family Contribution (EFC) Financial Aid and College Planning Transferring Assets to the Student Trusts to Accumulate College Funds Loans to Pay Education Costs Retirement Funds for Education U.S. Savings Bonds Education Tax Credits Deducting Qualified Tuition Education Savings Accounts Qualified Tuition (Section 529) Programs Education Tax Incentives Comparison Chart (2010) Key Student Aid Terms
Tab 10: Divorce
	Divorce-Related Property Transfers Transferring a Right to Future Income Transferring Ownership in a Closely Held Business Dividing Retirement Accounts Alimony Recapturing Excess Alimony Child Support Claiming Children as Dependents Year of Divorce—Community Property Issues Year of Divorce—Equitable Distribution States Innocent Spouse Relief for Joint Returns Tax Withholding and Estimated Payments Issues Related to the Marital Residence Divorce Not Final—Joint vs. Separate Returns Legal and Accounting Fees Allocating Tax Carryforwards
Tab 11: Charitable Giving
	What Is Deductible? Maximizing Charitable Deductions Tangible Personal Property Stock Donations Real Property Other Personal Property Qualified Written Appraisal Out-of-Pocket Expenses Bargain Sales Donor-Advised Funds Private Family Foundations Charitable Trusts Substantiating Charitable Donations
Tab 12: Retirement Plans
	Contributing to IRAs Roth IRAs Evaluating IRA Options Roth IRA Conversion Rolling Distributions From Employer Plans Into a Roth IRA Recharacterizing IRA Contributions and Conversions SIMPLE IRAs SEP Plans Profit-Sharing Plans One-Person 401(k) Plans Contribution Limits for Self-Employed Individuals Choosing the Retirement Plan Choosing Plan Beneficiaries Required Minimum Distributions Retirement Accounts Inherited By Surviving Spouses Planning Opportunities for Inherited Retirement Accounts Avoiding the Penalty Tax on Early Distributions Distributions of Employer Stock Retirement Plan Contributions—Aggregating Plans Borrowing From a Qualified Plan Retirement Saver's Credit Credit for Plan Start-Up Expenses
Tab 13: Alternative Minimum Tax
	Calculating the AMT Minimum Tax Credit AMT Planning Considerations Accelerating Income Into an AMT Year Preserving Tax Deductions Elections That Minimize AMT Planning for an AMT NOL AMT for Individuals—Adjustments and Preferences
Tab 14: Elderly
	Medical Expenses Home Improvements as Medical Costs Other Capital Expenses as Medical Costs Long-Term Care Costs Nursing Homes and Other LTC Facilities In-Home Health Care Costs Continuing Care Retirement Communities LTC Insurance Proceeds Life Insurance—Accelerated Death Benefits Life Insurance—Sales and Surrenders Social Security Benefits Planning for Decedent's Final Return
Tab 15: Estate and Gift Tax
	Status of Estate and Gift Tax Reform Overview of Estate and Gift Tax Estate Tax Calculation Gift Tax Rules Gift Tax Planning Gifts to Minors Trusts for Minors Lifetime Gifts vs. Transfers at Death Wills Additional Estate Planning Documents Pros and Cons of Probate Probate Estate vs. Taxable Estate Planning to Avoid Probate Revocable Living Trusts Marital Deduction Planning Martial Trusts QTIP Trusts Bypass (Credit Shelter) Trusts A-B Trust Structure A-B-C Trust Structure Irrevocable Life Insurance Trusts Family Limited Partnerships Pros and Cons of Family Limited Partnerships (FLPs) Trusts—Overview of Types and Purposes
Tab 16: Index
	Easy-to-use Topical Index