Book description
Minimize your tax and maximize your 2017 returnThe EY Tax Guide 2018 offers professional guidance for DIY tax prep. As one of the nation's most trusted resources for tax advice, this book can help you keep more of your money while filing completely, correctly, and on time. Fully updated to reflect the latest changes to the law, this new 2018 edition cuts through impenetrable tax codes and IRS rulings to give you the answers you need quickly and easily. Whether you're a homeowner, self-employed entrepreneur, business executive, or senior citizen, you'll discover the best tax strategy for your particular situation. At-a-Glance reference sheets give you quick answers to common questions regarding new laws, breaks and deductions, and how to avoid common errors.
No two tax years are alike. The laws change constantly, and even small changes can affect your return. This book cuts to the chase and tells you what's new, what it means for you, and what you can do to keep more of your money.
- Get up to date on changes to tax law, and how they affect you
- Identify breaks and deductions that can reduce your tax burden
- Zero in on the best tax strategy for your particular situation
- Find answers at a glance from globally-respected tax advisors
Avoid the headaches that come with parsing IRS worksheets and documentation—EY has already done it for you! The EY Tax Guide 2018 gives you the answers you need and clarity you crave, backed by globally-trusted expertise.
Table of contents
- Changes in the tax law you should know about
- How to avoid 25 common errors
- 50 of the most easily overlooked deductions
- Individual tax organizer
- Income and expense records you should keep in addition to your income tax return
- Part 1: The income tax return
-
Part 2: Income
- Chapter 5: Wages, salaries, and other earnings
- Chapter 6: Tip income
- Chapter 7: Interest income
- Chapter 8: Dividends and other corporate distributions
-
Chapter 9: Rental income and expenses
- Introduction
- Rental Income
- Rental Expenses
- Repairs and Improvements
- Property Changed To Rental Use
- Renting Part of Property
- Not Rented for Profit
- Personal Use of Dwelling Unit (Including Vacation Home)
- Tangible Property Regulations
- Depreciation
- Limits on Rental Losses
- How To Report Rental Income and Expenses
- Chapter 10: Retirement plans, pensions, and annuities
- Chapter 11: Social security and equivalent railroad retirement benefits
-
Chapter 12: Other income
- Bartering
- Canceled Debts
- Host or Hostess
- Life Insurance Proceeds
- Partnership Income
- S Corporation Income
- Recoveries
- Rents from Personal Property
- Repayments
- Royalties
- Unemployment Benefits
- Welfare and Other Public Assistance Benefits
- Other Sickness and Injury Benefits
- Other Income
- Passive Activity Limitations and At-Risk Limitations
- Part 3: Gains and losses
- Part 4: Adjustments to income
-
Part 5: Standard deduction and itemized deductions
- Chapter 21: Standard deduction
-
Chapter 22: Medical and dental expenses
- What Are Medical Expenses?
- What Expenses Can You Include This Year?
- How Much of the Expenses Can You Deduct?
- Whose Medical Expenses Can You Include?
- What Medical Expenses Are Includible?
- How Do You Treat Reimbursements?
- Damages for Personal Injuries
- How Do You Figure and Report the Deduction on Your Tax Return?
- Impairment-Related Work Expenses
- Health Insurance Costs for Self-Employed Persons
- Chapter 23: Taxes you may deduct
- Chapter 24: Interest expense
- Chapter 25: Contributions
- Chapter 26: Nonbusiness casualty and theft losses
- Chapter 27: Car expenses and other employee business expenses
- Chapter 28: Tax benefits for work-related education
- Chapter 29: Miscellaneous deductions
- Chapter 30: Limit on itemized deductions
-
Part 6: Figuring your taxes and credits
- Chapter 31: How to figure your tax
- Chapter 32: Tax on unearned income of certain children
- Chapter 33: Child and dependent care credit
- Chapter 34: Credit for the elderly or the disabled
- Chapter 35: Child tax credit
- Chapter 36: Education credits and other education tax benefits
- Chapter 37: Premium Tax Credit (PTC)
- Chapter 38: Other credits including the earned income credit
-
Part 7: Special situations and tax planning
- Chapter 39: Self-employment income: How to file Schedule C
- Chapter 40: Mutual funds
- Chapter 41: What to do if you employ domestic help
- Chapter 42: U.S. citizens working abroad: Tax treatment of foreign earned income
- Chapter 43: Foreign citizens living in the United States
- Chapter 44: Decedents: Dealing with the death of a family member
- Chapter 45: Estate and gift tax planning
- Chapter 46: Everything you need to know about e-filing
- Chapter 47: If your return is examined
- Chapter 48: Rules for expensing and capitalizing tangible property used in a trade or business
- Chapter 49: Net investment income tax
- Chapter 50: Planning ahead for 2018 and beyond
- Chapter 51: 2017 tax rate schedules
- Index
- EULA
Product information
- Title: Ernst & Young Tax Guide 2018, 33rd Edition
- Author(s):
- Release date: November 2017
- Publisher(s): Wiley
- ISBN: 9781119383765
You might also like
book
PricewaterhouseCoopers 2008 Guide to Tax and Financial Planning
A detailed guide that covers some of today’s most important tax and financial planning issues To …
book
J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 Tax Return
America's number one bestselling tax guide offers the best balance of thoroughness, organization, and usability For …
book
J.K. Lasser's Your Income Tax Professional Edition 2017
Deftly navigate income taxes and tax preparation J.K. Lasser's Your Income Tax: Professional Edition, 2017 offers …
book
JK Lasser's New Rules for Estate, Retirement, and Tax Planning, 6th Edition
The popular handbook to estate planning, now updated for 2018 Since its first publication in 2002, …