Tab 1: Aliens—Resident and Nonresident
Overview of Aliens, General Tax Reporting, Real Estate Issues, Foreign Bank Accounts, Individual Taxpayer Identification Numbers, Initial Year of Residency Tax Comparison Worksheet, Election Statements, Tax Organizer—Alien (Non-U.S. Citizen)
Bankrupt Individuals
Types of Bankruptcy, Years of Bankruptcy Filing, Bankruptcy Estate, Bankruptcy Estate's Tax Return, Individual Debtor's Form 1040, Debt Cancellation, Foreclosures and Repossessions, Prepetition and Postpetition Taxes, Example With Filled-In Forms
Tab 2: Construction Contractors
Business Overview, Cash vs. Accrual Accounting, Long-Term Contracts, Tax Accounting for Long-Term Contract Income, Completed Contract Method, Percentage-of-Completion Method, Exempt Contract Percentage-of-Completion Method, Determining the Contract Price, Estimated Cost to Complete, Selected Other Key Tax Rules
Daycare Providers
Overview of Business, General Tax Reporting, Business Use of Home, Daycare Meals and Food, Family Daycare Provider Meal and Snack Log, Tax Organizer—Daycare Provider
Tab 3: Decedents
Filing Requirements—Year of Death, Income in Year of Death, Deductions and Credits in Year of Death, Other Final Return Filing Matters, Example With Filled-In Forms, Executor?s Federal Tax Filings Checklist, Reconciliation Worksheet—Information Returns in Decedent's Name
Direct Sellers
Overview of Direct Selling, Income from Sales, Other Income, Home Meetings, Business Use of the Home, Meals and Entertainment, Transportation, Business Gifts, Start-Up Expenses, Not-for-Profit Limit, Involvement of the Direct Seller's Spouse, Reporting Requirements, Tax Organizer—Direct Sellers
Tab 4: Disabled Individuals
Special Tax Rules and Definitions, Income, Expenses, Credit for the Disabled, Credit for the Disabled—Physician's Statements
Disaster Victims
Casualties, Calculating the Amount of a Casualty Loss, Federally Declared Disaster, Additional Tax Relief for Certain Disaster Victims, Insurance Reimbursements, Disaster Relief Payments, Other Disaster-Related Rules, Busines and Income Producing Property Losses, 2009 Federally Declared Disaster Areas, Midwestern Disaster Area Victims—Special Tax Relief, Huricanes Katrina, Rita and Wilma Vicitms—Special Tax Relief
Tab 5: Divorced Taxpayers
Filing Status, Exemptions, Dividing Income and Deductions in Year of Divorce, Property Transfers Related to Divorce, Alimony and Child Support, Tax Carryforwards, Costs of Getting a Divorce, Worksheet for Allocating Income in the Year of Divorce—Community Property State
Elderly
When Is a Return Required?, Retirement Income, Standard Deduction, Medical Expenses, Credit for the Elderly, Social Security Benefits Worksheet (2009)
Executives
Employee Stock Options, Statutory Stock Options?ISOs and ESPPs, ISO AMT Considerations, Using Stock to Exercise ISOs, Nonqualified Stock Options, Restricted Stock, Section 83(b) Election, Relocation Packages
Tab 6: Expatriates
Overview of Expatriates, Foreign Earned Income Exclusion, Foreign Housing Exclusion, Claiming the Exclusions, Foreign Housing Deduction, Foreign Tax Credit When Exclusions Are Claimed, Tax Computation When Exlcusions Are Claimed, General Tax Reporting, Foreign Currency, Estimated Taxes, Tax Equilization, Expatriation Tax, U.S. Possessions, Compensation Sourcing Schedule, Form 1116—Income Allocation Schedule, Tax Organizer—Expatriate
Farmers and Ranchers
Who Is a Farmer or Rancher, Accounting Method Issues, Government Program Income, Cooperative Distributions, Depreciable Property, Farm Income Averaging, Special Estimated Tax Rules, Hobby Losses, Farm Payroll Taxes, Other Key Tax Rules, Example With Filled-In Forms
Tab 7: Gamblers
Professional vs. Casual Gambler, Gambling and Lottery Winnings, Gambling Losses, Substantiating Gambling Losses
Military Members
Filing Returns, Income, Adjustments to Income, Member?s Out-of-Pocket Expenses, Tax Credits, Tax Forgiveness of Military Decedent's Tax Liability, Special Home Sale Rule, Heroes Act of 2008 Table
Ministers
Qualifying as a Minister, Income, Adjustments to Income, Business Expenses, Itemized Deductions, Self-Employment Tax, Earned Income Credit
Tab 8: Oil and Gas Investors
Tax Return Reporting Overview, Exploration and Production, Direct Working Interest Owner, Pass-Through Working Interest Owner, Royalty Interest Owner, Lease Bonus and Delay Rental Income, Other Key Tax Considerations, Oil and Gas Depletion Schedule, Cost Depletion Schedule, Tax Organizer—Oil and Gas Income and Deductions
Professionals
Availablility of the Cash Method of Accounting, Personal Service Corporation Rules, Renting Property to the Business, S Corporation Compensation Issues, Attorney's Trust Accounts, Client Expense Advances By Attorneys, Reporting Payments to Attorneys, Physician Employment Status, Issues Facing Architects
Tab 9: Real Estate Owners
Real Estate Activities, Rental Income and Expense, Basis and Depreciation, Mixed-Use Property/Vacation Home, Passive Loss Limits on Rentals, At-Risk Rules, Special Considerations When Selling Real Property, Principal Residence—Excluding Debt Cancellation Income, Example With Filled-In Forms
Restaurant Owners
Resturant Operations, Depreciation and Amortization, Tip Reporting Requirements, Inventory/UNICAP, Cash Method Accounting, Employment Issues, Tax Credits, Worksheet for Computing the Average Number of Employees, Guide to Assets Used in the Restaurant Industry
Tab 10: Retailers
Overview of Inventory Rules, Retail Inventory Method, Deducting Inventory Shrinkage, Writing Down Unsalable Inventory, Depreciating Assets Used by Retailers, Employee Discounts, Franchise Fees
Statutory Employees
Classes of Workers, Four Categories of Statutory Employees, Tax Rules, Example With Filled-In Forms
Tab 11: Stock Traders and Investors
Is the Taxpayer a Trader or Investor?, How Investors Are Taxed, How Traders Are Taxed
Students—Higher Education
Is Student a Dependent?, Kiddie Tax, Scholarships, Grants and Other Financial Aid, American Opportunity Tax Credit and Lifetime Learning Credits, Student Loans—Interest Deduction, Student Loans—Cancellations and Repayment Assistance, Foreign and Exchange Students, Comparison of Educational Expenditure Tax Incentives (2009)
Tab 12: Transportation Workers
Travel Expenses, Reimbursing Employee Expenses, Employee or Independent Contractor?, Taxi Drivers and Chauffeurs, Pilots, Railroad Workers, Water Transportation Workers, Transportation Workers?Common Income and Expenses, Tax Organizer—Long Haul Truckers and Overnight Drivers, Tax Organizer—Airline Personnels
Other Taxpayers
Authors and Writers, Household Employers, Performing Artists and Athletes, Real Estate Agents, Teachers, Waiters and Waitresses
Tab 13: Index
Easy-to-use Topical Index
