Tab A: Reference Material and Worksheets
Where to File: Business Returns, Principal Business Activity Codes, Business Quick Facts Data Sheet, Guide to Information Returns, Types of Payments—Where to Report, S Corporation Shareholder's Adjusted Basis Worksheet, Partner's Adjusted Basis Worksheet, Cash Flow Statement, Tax Info for Partnership, Corporation,LLC and LLP Returns, Transferor's Section 351 Statement, Estate Inventory Worksheet, Reconciliation of Income Reported on Final Form 1040 and Estate's Fiduciary Return (or Beneficiary's Return), Allocation of Indirect Costs to Ending Inventory Under Section 263A, Business Valuation Worksheet
Tab B: Partnerships
Basics of Partnerships, Partnership Income and Expense Chart, Partnership Income and Expenses, Basis, Built-In Gain or Loss, Partnership Distributions, Nonrecourse Loans, Partnership Example, Partner Codes for Schedule K-1, Form 1065
Tab C: Corporations
Basics of Corporations, Capital Contributions, Stock, Section 1244 Stock Losses, Small Business Stock, Distributions, Earnings and Profits (E&P), Accumulated Earnings Tax, Corporate Income and Expenses, Corporate AMT, Corporate Miscellaneous, Corporation Example
Tab D: S Corporations
Basics of S Corporations, S Corporation Taxes, Reasonable Wages, Shareholder's Basis, Distributions, S Corporation Example, S Corporation Shareholder Codes for Schedule K-1, Form 1120S
Tab E: Tax Exempt Organizations
Basics of Tax-Exempt Organizations, Form 990 or 990-EZ, Contributions to Tax-Exempt Organizations, Unrelated Business Income Tax (Form 990-T), Private Foundations, Becoming an Exempt Organization, Completing Form 990-EZ, Comprehensive Example
Tab F: Other Business Entities
Limited Liability Company (LLC), LLCs and Entity Classification, LLC Creation and Conversions, LLCs—Other Considerations, Limited Liability Partnership (LLP), Limited Partnership, Personal Service Corporation (PSC), Homeowners' Associations, Personal Holding Company (PHC)
Tab G: Fiduciary Tax Returns (Form 1041)
Fiduciary Return Facts, Trust Terminology, Overview of Trust and Estate Taxation, Grantor Trusts—Tax Returns and Reporting Requirements, Grantor Trusts, Simple Trust—Detailed Example, Complex Trust—Detailed Example, Form 1041, Schedule K-1 Codes
Tab H: Estate and Gift Tax Returns
Death of a Taxpayer, Taxable Income in the Year of Death, Final Form 1040, Gift Tax Return (Form 709), Gift Tax Example, Estate and Gift Tax, Generation-Skipping Transfer (GST) Tax, Estate Tax Return (Form 706), Basis in Property, Valuing Property, Estate—Comprehensive Example, Tax Info Sheet for Gift Tax Returns
Tab I: Payroll Tax Returns
Payroll Tax Deposit Requirements, Depositing Payroll Taxes, Withholding Federal Income Tax, Withholding Methods and Examples, FICA and FUTA Wage Base, Special Types of Employment and Payments, New Hire Reporting, Payroll Tax Reporting, Student Employment, Special Compensation, Gross-Up Computation, Disregarded Entity Employment Taxes, Trust Fund Recovery Penalty, Other Payroll Tax Issues
Tab J: Depreciation and Amortization
Section 179 Deduction, Recapture—Section 179 and Listed Property, Short Tax Year—MACRS, Allowed or Allowable Depreciation, Depreciation Recapture, General Asset Account (GAA) Depreciation, Expensing Policy, Amortization, Depletion, Oil and Gas, Auto Depreciation, Contributed Property
Tab K: Employee Benefit Plans
Basics of Benefits, 2009 Fringe Benefits Comparison Chart, Nondiscrimination Rules for Employee Benefits, 2009 Employer and Self-Employed Retirement Plan Chart, 2009 Medical Reimbursement Plan Comparison Chart, Tax-Free Fringe Benefits, Dependent and Child Care, Educational Assistance Program, Adoption Assistance Program, Employee Achievement Awards, Meals and Lodging, Health Insurance Benefits, Group Term-Life Insurance, Cafeteria Plans, Nonqualified Deferred-Compensation Plans, Employer-Provided Autos, Qualified Retirement Plans, Form 5500
Tab L: Accounting Methods and Principles
Accounting Methods, Tax Year, Inventories, Uniform Capitalization Rules, Bookkeeping Basics, Double-Entry Bookkeeping, Balance Sheet, Accounting Terms
Tab M: Starting a New Business
Start-up Considerations, Entity Comparison Chart, Business Plan, Internal Controls, Pre-Incorporation/LLC/Partnership Agreements, Organizational and Start-Up Costs, Identifying Start-Up Costs Capitalization, Employment Issues, Labor Laws, Selected Federal Employment Legislation Table, Selling to U.S. Government, Financing, Buy/Sell Agreements and Succession Planning, Business Valuation Methods
Tab N: Acquisitions, Dispositions and Liquidations
Partnership Liquidations, Sales and Exchanges of Pass-ThroughBusiness Entity Interests, Corporate Liquidations, Stock Redemptions, Corporate Reorganizations, Section 338 Election, Disposition of Assets, Asset Acquisitions
Tab O: Deductions, Credits and Books vs. Tax
Business Tax Deductions, U.S. Production Deduction, Tax Credits, Selected Energy Tax Incentives for Businesses, Net Income per Books vs. Taxable Income, 2009 U.S. Producers Deduction Worksheet
Tab P: Tax Planning for the Small Business
Basics of Tax Planning, Hire Children to Save Tax, Lodging and Meals for Shareholder-Employees, Sole Proprietor Can Deduct Cost of Medical Expenses Paid to Employee-Spouse, Fringe Benefits, Home Office for the Small Business, S Corporation vs. C Corporation, Partnership vs. S Corporation—SE Tax, Organizational and Start-Up Costs, Unsuccessful Attempt to Acquire Business—Section 1244 Loss, Tax on Appreciated Real Estate, Conversion of Single-Owner to Multiple-Owner LLC, Conversion of Multiple-Owner to Single-Owner LLC, Adjustment to Basis of Partnership Property—Section 754 Election, Shareholder Loan to C Corporation, Shareholder Loan to S Corporation, S Corporation Built-In Gains Tax, S Corporation Election to Close Books on Termination of Shareholder?s Interest, Corporate Stock vs. Asset Sale, Transferee Liability, Gifting Family Business Interests, Buy/Sell Agreement Funding, Practice Management, S Corporation Year-End Planning Checklist, Partnership Year-End Planning Checklist
Tab Q: What's New and Index
2009 Tax Highlights, Inflation-Adjusted Amounts, Disaster Relief for Businesses, Tax Legislation, What's New for 2009, Looking Ahead—What's New After 2009, Federally Declared Disasters—Quick Summary, of Special Tax Relief Provisions for Businesses, Midwestern Disaster Area Victims, Easy-to-use Topical Index
