The nation’s most trusted tax guide, updated for your 2018 returnsJ.
Lasser’s Your Income Tax 2019 is the nation’s most trusted tax guide, updated to help you prepare your 2018 return.
New changes including tax laws, IRS rulings, court decisions, and more are explained in plain English, backed by examples of how they apply to individual taxpayers like yourself.
This comprehensive yet accessible guide is your handbook for making your tax filing for 2018 easier than you thought possible.
Lasser for over 75 years to find trusted guidance on critical tax issues.
Step-by-step expert guidance walks you through the forms, calculations, and deadlines to help you file your taxes without the headaches.
Explore your options in terms of deductions, income shelters, and planning strategies to maximize your savings and keep more of your money—without wading through volumes of dense tax code.
Tax time does not have to be a source of stress and anxiety.
Lasser’s Your Income Tax 2019 is this year’s essential guide to taking the stress out of tax time.
Lasser by your side, you can file correctly and on time while paying less than you thought; this book shows you everything you need to know, and gives you the answers you need right at your fingertips.
Learn how the latest changes from the IRS affect your returnGet trusted advice for maximizing deductions and sheltering incomeNavigate the many IRS forms with step-by-step guidanceStart planning now to streamline next year’s filingKeeping up with ever-changing tax laws is a full-time job, decoding incomprehensible IRS forms can be an exercise in frustration, and searching for the answers you need can often leave you with more questions.
Maximize your bottom line with the nation’s most trusted small business tax guideJ.
Lasser’s Small Business Taxes 2019 is the small business owner’s ultimate guide to a money-saving, stress-free tax season.
Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year’s changes to the tax laws are explained in terms of how they affect your filing.
Lasser’s Small Business Taxes 2019 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.
Providing straightforward advice from the nation’s most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance.
Keeping up with the intricacies of tax law and filing is a full-time job—but it’s not your full-time job.
This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work.
Now you can put your money back where it belongs—in your business.
Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date.
A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to the IRS form to use.
Learn which expenses qualify for deductions—and which ones don’tAdopt a more organized recordkeeping system to streamline the filing processExplore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businessesDecode the various forms and worksheets correctly with step-by-step guidanceAudit-proof your returnReview obligations for the “other taxes,” including payroll and excise taxesEvery year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it’s too late to act when it comes to tax time.
Master Tax Guide® (2019), has been updated to provide complete and reliable guidance on the historic Tax Cuts and Jobs Act, as well as pertinent federal taxation changes that affect 2018 returns.
By having access to the most sought-after resource on the market, you will gain a complete understanding of updated tax law explanations and will receive guidance on the major tax reform provisions.
Virtually all taxpayers are impacted by the changes to the U.
tax structure, with individual taxpayers and businesses witnessing the most significant changes.
Master Tax Guide was meticulously researched to cover today s federal tax law and was expertly-written to help identify tax planning opportunities, ensure accuracy when filing taxes, maximizes your knowledge of the Tax Cuts and Jobs Act and serve as a quick reference guide when providing tax services to your business or clients.
Master Tax Guide (2019) includes: 1) Updated explanations covering the Tax Cuts and Jobs Act, Consolidated Appropriations Act, 2018, and the Bipartisan Budget Act of 2018 2) Complete coverage of post-tax reform guidance, including transition tax, qualified business income deduction, bonus depreciation, and GILTI 3) Reorganized to reflect new tax structure under Tax Cuts and Jobs Act 4) Guidance on Section 199A Qualified Business Income Deduction and latest IRS regulations 5)State-by-state summaries of the new provisions state legislatures have adopted in response to tax reform 6) Popular Quick Tax Facts card that can be detached for at-glance reference to key tax figures and other often referenced amounts used in preparing 2018 income tax returns 7) NEW FEATURE! Summaries of responses to Tax Cuts and Jobs Act by state taxing authorities.
After 31 years… Major Tax Reform — and what it means to you True overhaul of the tax law only happens about once every 30 years.
I have been fortunate as a tax professional to be heavily involved in the last two reforms.
My primary responsibility during my three years there was to create, teach and administer tax courses to the Firm’s U.
This gave me, as a young tax professional, some amazing insight into the legislative process as well as the horse trading for tax reform.
It took another year before bill was finally passed as the Tax Reform Act of 1986.
) In 1986 the big winners from tax reform were individuals, with significantly lower tax rates, insurance companies (who got by relatively unscathed) and businesses.
The result a few years later was the Savings and Loan debacle accompanied by a massive real estate depression and the government bailing out real estate through the RTC (Resolution Trust Corporation).
President Trump had promised economic stimulus and had stumbled out of the blocks with the failure to repeal ObamaCare.
Instead, the Republican-controlled Congress was able to use slick procedural rules to pass major tax reform in record time (less than three months from start to finish).
Everyone has the same chance to take advantage of the windfalls given to the winners.
Service professionals who were left out of the 20% deduction can now become C corporations and reduce their tax rate to 21%.
Tax-Free Wealth is about using the tax law the way it’s meant to be used – as a series of incentives to do what the government wants you to do.
The reality is that the incentives don’t really change that much.
The government still wants investors to provide housing for renters (even more so now), so real estate investors receive large tax breaks for following through on the government’s goals.
tax law has only seen three major revisions; one in 1954, the next in 1986 and most recently at the end of 2017.
In 1986, I was a manager in the National Tax Department (NTD) of Ernst & Whinney (now Ernst Young).
Just as I arrived in the summer of 1985, I discovered that much of NTD’s resources were being devoted to following the tax reform bill that had been introduced that year.
President Reagan wanted two things; simplicity (the 1985 act was call the Tax Simplification Act of 1985) and he wanted it to be revenue neutral (no net increase to the deficit).
(Simplicity took a back seat to other goals of the reform.
The big loser was real estate investors (the passive loss rules were used as a last-ditch effort to make a “revenue-neutral” bill.
Everyone thought tax reform would take two years to complete like it had in 1985-1986.
The result was a bill the consequences of which and application of which are still largely unknown.
Losers include employees with lost deductions for moving, investment expenses and reductions in home mortgage interest and state income tax deductions.
The key to remember is that very few people had the chance to influence this legislation.
Employees can choose to be independent contractors and receive the 20% small business deduction.
This Second Edition incorporates some ideas of how to use the new incentives.
The government still wants businesses to hire employees, so businesses receive tax benefits for doing so.
Winners include big corporations, with a major tax reduction from 35% to big corporations, with a major tax reduction from 35% to 21%, small businesses, with a 20% net income deduction, and real estate, with major depreciation incentives and the 20% net income deduction given to other small businesses.
Investors who received tax benefits from the costs of investing in the stock market can either begin investing in real estate, with its massive tax benefits, or invest through their Roth IRA or Roth 401(k) and avoid tax altogether on the income and gains from their investments.
Tax Preparation Business: A Detailed Business and Marketing Plan isn’t just your run of them mill business plan how-to.
There are pro-tips, examples, and a multitude marketing ideas on how to get new clients and how to keep them long term.
In this eBook the author not only outlines how a plan should be wrote specifically for a tax preparation business but also includes dozens of extras.
Whether you’re an already established financial professional or looking to start your own practice, this eBook is exactly what you need to put yourself above your competition and make the income you’ve always dreamed of.
The challenges in operating a successful tax practice have been steadily increasing with stiff competition and new technology making it more difficult than ever to achieve profits and life balance.
If you don’t have today’s knowledge to navigate the ever-changing tax preparation industry, you may be on the path to frustration and stagnation.
In his detailed guide book, well known entrepreneur Mario Costanz lays out the roadmap for building an efficient and sustainable tax preparation business.
Whether your dream is to make some extra money doing taxes seasonally, own a lifestyle business where your employees will run the show for you seamlessly, or to grow a multi-office tax business empire, Taxes Made Happy is the blueprint for your success.
You’ll learn:•How Mario went from picking up garbage in New York City to owning Entrepreneur Magazine’s Fastest Growing Financial Services Franchise for 2017•If the tax business is even the right business for you to be in at all•How to build and inspire a team of superstars to handle most of your business so you can do what you choose•The top battle tested marketing techniques that work every time to find new tax customers•Expansion techniques including how to prepare years in advance for your upcoming growth initiatives•All the tools and tricks that Mario has used over the years complete with the names of all of the software and services his firm uses currentlyIf you are serious about owning a successful tax business, this comprehensive book is one that you NEED to own.
This book is a genuine resource, packed with proven methods, and valuable interviews with real bookkeepers and accounting professionals.
These ideas and techniques show you how to quickly build a flourishing full-time or part-time home-based bookkeeping or tax practice, and keep it running profitably.
Some of the topics covered in this volume: How to get started and obtain all necessary business licenses How to manage your cash flow for maximum profitability and business success How to get clients and keep them How to attract the most profitable clients How to increase referrals How to set and collect your fees How to offer tax services to your existing clients How to get referrals from CPA offices and other financial professionals Information on how to become a Certified Bookkeeper through the AIPB How to comply with the IRS recordkeeping requirements How to avoid your liability for the dreaded IRS Trust Recovery Penalty And much, much more! .
This Study Guide is prepared for those who are professional or want to learn all the fine points of the tax return preparation by outlining the most important tax topics that always be there.
See how the TCJA Tax Reform will impact the AMT and Dependent care credit.
The Fundamental of Individual Tax Preparation also covers important topics in TCJA 2017 as it relates to individual taxes.
Updated with Bitcoins, Gig Economy and how to adjust income for pass-thru entities.
The book includes Analysis of all the taxpayer’s income that comes in many disguises:•The income earned or unearned, taxable or non-taxable income•Income that comes shown in Schedules B, C, D, E.
The book is organized according to the form 1040 so you will always know how quickly you can complete the tax forms without even looking at the IRS forms.
•Income from the use of Bitcoins or barter•Income from stocks, jewelry and other households on eBay, Amazon, or Craigslist, etcWe will also explain how to make adjustments to income– which will reduce the taxable amounts such as Tuitions, IRA contributions, Self Employment Tax as well as self-employed insurance, HSA, etc.
For those who would like to learn about the rule book, this study guide also reviews important topics in the Circular 230 and representation rights in the Annual Filing Season Program (AFSP) otherwise known as the Annual Federal Tax Refresher (AFTR) course.
Green’s 2018 Trader Tax Guide focuses on active traders’ unique tax needs.
This edition discusses the Tax Cuts and Jobs Act’s impact on investors, traders, and investment managers.
Also, cryptocurrency tax and accounting content are included to help traders navigate through this area.
We’ve published our updated trader tax guide every year since 1997, and it remains the gold standard in trader tax.
You deserve excellence in content, ideas, judgment, and decision-making.
Our 2018 guide includes our latest thoughts, tax strategies, pitfalls, tweaks, warnings, and benefits.
Learn various smart moves to make in 2018 to maximize tax benefits under the new tax law.
The guide details tax treatment for equities, futures, 1256 contracts, indexes, options, ETFs, ETNs, forex, precious metals, swaps, and more.
Whether you self-prepare your tax returns or engage a CPA firm, this guide can help you through the process and save you thousands and thousands of dollars.
Our motto is be smart, creative, forward-thinking, cutting-edge, and even a bit aggressive, but keep it entirely legal.
Chapters focus on trader tax status, Section 475, accounting for trading gains and losses, tips for preparing tax returns, tax planning, entity solutions, retirement plan strategies, IRS and state tax controversy, traders in tax court, proprietary trading, investment management, international tax matters, Obamacare taxes, short selling, Tax Cuts and Jobs Act, and cryptocurrencies.