J.K. Lasser's Your Income Tax 2002John Wiley & Sons, 2002 M03 14 - 832 pages "Make sure you're buying the right book!--The 2002 edition is for filing your 2001 taxes and has all the up-to-date information on the new tax law. The 2001 edition is for filing 2000 taxes." The most trusted name in tax! April 15th comes once a year. But the new tax laws will change the way we save and plan our financial affairs all year-round. That s why J.K. Lasser provides a comprehensive library of smart financial planning and investing advice for all your needs for tax season and beyond. J.K. Lasser s(TM) Your Income Tax 2002 and J.K. Lasser s(TM) Year-Round Tax Strategies 2002 give early planners a head start on understanding the new tax regulations and preparing for filing the return on April 15th. And Lasser s personal finance guides help you make the most of your money from every angle. Consider it total care for your wealth and financial well-being, 365 days a year. |
From inside the book
Results 1-5 of 89
Page xviii
... Election 508 31 Tax Savings for Investors in Real Estate 510 31.1 Investing in Real Estate Ventures 511 31.2 Sales of Subdivided Land—Dealer or Investor? 512 31.3 Exchanging Real Estate Without Tax 513 31.4 Timing Your Real Property ...
... Election 508 31 Tax Savings for Investors in Real Estate 510 31.1 Investing in Real Estate Ventures 511 31.2 Sales of Subdivided Land—Dealer or Investor? 512 31.3 Exchanging Real Estate Without Tax 513 31.4 Timing Your Real Property ...
Page xix
... Election for Lump-Sum Social Security Benefit Payment 544 34.5 Retiring on Social Security Benefits 544 34.6 How Tax on Social Security Reduces Your Earnings 545 34.7 Claiming the Credit for the Elderly and Disabled 545 34.8 Base Amount ...
... Election for Lump-Sum Social Security Benefit Payment 544 34.5 Retiring on Social Security Benefits 544 34.6 How Tax on Social Security Reduces Your Earnings 545 34.7 Claiming the Credit for the Elderly and Disabled 545 34.8 Base Amount ...
Page 12
... election and all later years until the election is terminated. Both spouses generally liable on joint return but “innocent” spouse may be relieved of liability. When you and your spouse file jointly, each of you may generally be held ...
... election and all later years until the election is terminated. Both spouses generally liable on joint return but “innocent” spouse may be relieved of liability. When you and your spouse file jointly, each of you may generally be held ...
Page 13
... election is terminated. Furthermore, the election is terminated if either spouse revokes it or dies; revocation before the due date of the return is effective for that return. The election automatically terminates in the year following ...
... election is terminated. Furthermore, the election is terminated if either spouse revokes it or dies; revocation before the due date of the return is effective for that return. The election automatically terminates in the year following ...
Page 14
... election. The 1998 Tax Act made it easier to qualify as an innocent spouse for small tax understatements by eliminating thresholds applied under prior law. Also, it is no longer necessary to show that deductions or credits claimed by ...
... election. The 1998 Tax Act made it easier to qualify as an innocent spouse for small tax understatements by eliminating thresholds applied under prior law. Also, it is no longer necessary to show that deductions or credits claimed by ...
Contents
29 | |
PART 3 CLAIMING DEDUCTIONS | 263 |
PART 4 PERSONAL TAX COMPUTATIONS | 419 |
PART 5 PERSONAL TAX SAVINGS PLANS | 467 |
PART 6 BUSINESS TAX PLANNING | 589 |
PART 7 FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE | 665 |
PART 8 2001 TAX FORMS TAX TABLES AND TAX RATE SCHEDULES | 695 |
PART 9 GLOSSARY AND INDEX | 759 |
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Common terms and phrases
activity allocated allowed amount annual annuity apply basis beneficiary benefits bond cash Chapter child claim computation considered contributions corporation cost Court debt deduction dependent determine discussed distribution dividends earned election employer Enter example exceed excess exchange exclusion exemption expenses fair fees figure foreign Form funds gain gift gross income held holding Ifyou increase installment interest investment issued joint return later less liability limit lived loan loss market value married meet method months mortgage ofthe option paid participant partnership passive payments penalty period purchase qualify real estate received reduced reimbursement rental residence retirement rules Schedule sell separate shares Social Security spouse tax-free taxable tion transfer treated trust unless wages withholding
Popular passages
Page 248 - ... (b) Exception. Gross income does not include amounts received as prizes and awards made primarily in recognition of religious, charitable, scientific, educational, artistic, literary, or civic achievement...
Page 42 - ... (4) amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country...
Page 545 - ... permanently and totally disabled at retirement. For this purpose, an individual is considered permanently and totally disabled if he or she is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or that has lasted or can be expected to last for a continuous period of not less than 12 months.
Page 228 - A real property trade or business is any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business. Services the partner performed as an employee are not treated as performed in a real property trade or business...
Page 202 - To make an election to recharacterize, notify the trustee of the account being recharacterized and the transferee trustee (if different) of your intent to recharacterize, specifically identify the amounts subject to the election, and direct the transferor trustee to make the transfer.
Page 84 - If at the time of original issue there was an intention to call the bond or other evidence of indebtedness before maturity, any gain realized on the sale or exchange thereof which does not exceed an amount equal to the original issue discount...
Page 532 - Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete.
Page 123 - This advice was given by a court: "The taxpayer is at times in a very difficult position in determining in what year to claim a loss. The only safe practice, we think, is to claim a loss for the earliest year when it may possibly be allowed and to renew the claim in subsequent years if there is a reasonable chance of its being applicable for those years.