1040 Preparation and Planning Guide (2009)

Benefits and Features

 

Comprehensive:

  • Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner.
  • As an added bonus, a podcast, which updates preparers on the new tax law highlights for the year is also available.
    • Changes that affect key areas are highlighted and explained throughout the text including:
    • Tax rates and refunds
    • IRAs
    • Education tax incentives
    • Treatment of dividends
    • Adoption expenses
    • Child care credit
    • Dozens of other "bread and butter" areas
  • New complicated provisions are presented in more detail, so preparers can readily see and understand them in the context of the 1040 form itself.
  • The authors also include special notice of important new changes that need to be considered in setting new tax planning strategies with clients.

 

Superior Presentation:

  • Flows logically, line-by-line through the return itself
  • Hits all the high points
  • Uses simple, straightforward and easy-to-understand language
  • It's format and organization is easy to use and easy to read
  • Large type and forms reproduced in place throughout the chapters
  • Many of the forms and schedules included are filled-in, so users can see how real-world tax scenarios flow through onto the forms themselves

 

Distinctive Features Include:

  • Emphasis on return preparation principles
  • Practice Pointers throughout highlight special opportunities
  • Pitfalls note critical preparer problem areas to avoid
  • Review Questions and Answers in each chapter reinforce readers' understanding of material presented and improve retention
  • Chapter Highlights sections point out relevant changes and new developments
  • Illustrative Examples demonstrate important points and principles
  • Audio update can be downloaded and used in your car, home or office to help practitioners get quickly up-to-date on significant new developments affecting individuals
  • CPE component offers an efficient way to get continuing education on an important and relevant topic