Your Federal Income Tax 2016: Part One: Preparation of the 2015 Tax Return (Tax Bible Series Book 1) pdf epub
Book By Alexander Schaper / DMCA

Your Federal Income Tax 2016: Part One: Preparation Of The 2015 Tax Return (Tax Bible Series Book 1)

IntroductionThis publication covers the general rules for filing a federal income tax return. It supplements the information contained in your tax form instructions. It explains the tax law to make sure you pay only the tax you owe and no more.How this publication is arranged. This publication closely follows Form 1040, U.S. Individual Income Tax Return. It is divided into six parts which cover ...

File Size: 883 KB
Print Length: 181 pages
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Publisher: irspubs.com; 1 edition (January 1, 2016)
Publication Date: January 1, 2016
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B01A3OMD48
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Format: PDF ePub djvu book

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“Federal Income Tax can be one of the most complex aspects of taxation in the United States and because you need to get it right, you definitely need this book.This is another must-have from the Stewart/Schaper tax team who know everything there is ab...”

ifferent sections of Form 1040. Each part is further divided into chapters which generally discuss one line of the form. Do not worry if you file Form 1040A or Form 1040EZ. Anything included on a line of either of these forms is also included on Form 1040.The table of contents inside the front cover and the index in the back of the publication are useful tools to help you find the information you need.What is in this publication. The publication begins with the rules for filing a tax return. It explains:1.Who must file a return,2.Which tax form to use,3.When the return is due,4.How to e-file your return, and5.Other general information.It will help you identify which filing status you qualify for, whether you can claim any dependents, and whether the income you receive is taxable. The publication goes on to explain the standard deduction, the kinds of expenses you may be able to deduct, and the various kinds of credits you may be able to take to reduce your tax.Throughout the publication are examples showing how the tax law applies in typical situations. Also throughout the publication are flowcharts and tables that present tax information in an easy-to-understand manner.Many of the subjects discussed in this publication are discussed in greater detail in other IRS publications. References to those other publications are provided for your information.Part One - The Income Tax ReturnThe four chapters in this part provide basic information on the tax system. They take you through the first steps of filling out a tax return—such as deciding what your filing status is, how many exemptions you can take, and what form to file. They also discuss recordkeeping requirements, IRS e-file (electronic filing), certain penalties, and the two methods used to pay tax during the year: withholding and estimated tax.