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Wiley Registered Tax Return Preparer Exam Review 2012 Amy McAnarney

Wiley Registered Tax Return Preparer Exam Review 2012 By Amy McAnarney

Wiley Registered Tax Return Preparer Exam Review 2012 by Amy McAnarney


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Summary

The most effective system available to prepare for the new Tax Return Preparer Competency Exam In recent years, the role of third party assistance in tax return preparation within the United States has become more significant.

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Wiley Registered Tax Return Preparer Exam Review 2012 Summary

Wiley Registered Tax Return Preparer Exam Review 2012: Individual Tax Filing: 2012 by Amy McAnarney

The most effective system available to prepare for the new Tax Return Preparer Competency Exam In recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law. Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients. Helps you zero in on areas that need work, organize your study program, and concentrate your efforts Provides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency test Covers the major parts of the exam and how to approach each one Informative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.

About Amy McAnarney

The Tax Institute at H&R Block is the company's independent research division, providing expert tax assistance and interpretation of tax law. The Tax Institute combines H&R Block's world-class training experience with the knowledge of the company's credentialed tax experts to create a unique exam review based on extensive resources from nearly 60 years in business, 550 million tax returns prepared, and more than 100,000 tax professionals trained each year. For more information, visit www.thetaxinstitute.com.

Table of Contents

Introduction vii Strategies for Success on the Registered Tax Return Preparer Exam xi Part 1 The Income Tax Return 1 Chapter 1 Filing Information 3 Chapter 2 Filing Status 13 Chapter 3 Personal and Dependency Exemptions 25 Part 2 Income and Assets 39 Chapter 4 Wages, Salaries, and Other Earnings 41 Chapter 5 Interest Income 53 Chapter 6 Dividends and Other Corporate Distributions 65 Chapter 7 Rental Income and Expenses 73 Chapter 8 Retirement Plans, Pensions, and Annuities 85 Chapter 9 Social Security and Equivalent Railroad Retirement Benefits 101 Chapter 10 Other Types of Income 109 Chapter 11 Self-Employment Activities 121 Chapter 12 Basis of Property 141 Chapter 13 Sale of Property 151 Chapter 14 Sale of Home 169 Chapter 15 IRA and HSA Contributions 181 Chapter 16 Education-Related Adjustments 191 Chapter 17 Business-Related Adjustments 199 Chapter 18 Alimony 209 Part 3 Deductions and Credits 217 Chapter 19 Standard and Itemized Deductions 219 Chapter 20 Medical and Dental Expenses 225 Chapter 21 Tax Payments 235 Chapter 22 Interest Payments 243 Chapter 23 Charitable Contributions 255 Chapter 24 Nonbusiness Casualty and Theft Losses 269 Chapter 25 Miscellaneous Itemized Deductions 279 Chapter 26 Employee Business Expenses 289 Chapter 27 Earned Income Credit 305 Chapter 28 Child and Dependent Care Credit 317 Chapter 29 Child Tax Credit 325 Chapter 30 Education Credits 331 Chapter 31 Other Tax Credits 339 Part 4 Other Taxes 357 Chapter 32 Figuring the Regular Tax 359 Chapter 33 The Alternative Minimum Tax 369 Chapter 34 The Kiddie Tax 377 Chapter 35 Other Taxes 387 Part 5 Completion of the Filing Process 397 Chapter 36 Tax Payments and Refund Options 399 Chapter 37 Completing and Filing the Return 413 Part 6 Practices and Procedures 423 Chapter 38 Preparer Responsibilities and Penalties 425 Part 7 Ethics and Circular 230 437 Chapter 39 Rules Governing Authority to Practice before the IRS 439 Chapter 40 Duties and Restrictions Relating to Practice before the IRS 447 Chapter 41 Sanctions for Violating Circular 230 459 Answers to Review Questions 469 Appendix: IRS Resources 507 Index 509

Additional information

CIN0470905611VG
9780470905616
0470905611
Wiley Registered Tax Return Preparer Exam Review 2012: Individual Tax Filing: 2012 by Amy McAnarney
Used - Very Good
Paperback
John Wiley and Sons Ltd
20120309
552
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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