December 2021
Beginner
928 pages
46h 18m
English
Content preview from J.K. Lasser's Your Income Tax 2022
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
PART 7Filing Your Return and What Happens After You File
This part is designed to help you —
- Organize your tax data. Whether you plan to prepare your own tax return or have someone else prepare it, you must first gather and organize your tax information.
- Understand how the IRS reviews your return and initiates audit procedures, including information on how the IRS matches your return with reports of distributions to you from banks, corporations, and government agencies.
- Avoid penalties for underpaying your tax. You may avoid penalties for positions taken on your tax return by making certain disclosures, obtaining authoritative support for your position, or showing reasonable cause for a tax underpayment (48.6).
- Understand the factors that might lead to an audit. Your chances of being selected for an examination depend on your income, profession, deductions claimed, and even where you live (48.1).
- Prepare for an audit. Advance preparations and knowing your rights can help support your position (48.4).
- Dispute adverse IRS determinations. You can appeal within the IRS and go to court if you disagree with the IRS audit results. If you win, you may receive attorneys’ fees and other expenses (48.8).
- File a timely refund claim if you have overpaid your tax (47.2).
- File an amended return if you omitted income or claimed excessive deductions on your original return (47.8).
- Chapter 46 Filing Your Return 46.1–46.9
- Chapter 47 Filing Refund Claims, and Amended Returns 47.1–47.8
- Chapter ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.