Wiley Tax Preparer (ePub)

Whether you're already a tax preparer or you're
looking to become one, you need a firm grasp of the tax concepts on
which individual taxation is based. We created the Wiley Tax
Preparer as a refresher for the experienced tax preparer, and as a
readable guide for the less-experienced tax preparer.

This timely guide is an essential tax resource providing you
with useful information on tax principles and filing requirements
that a preparer must know to complete a 1040 series return and
associated schedules. You'll refer to it time and again, for
information about:

Practices and Procedures

* Penalties to be assessed by the IRS against a preparer for
disregard of the rules and regulations

* Furnishing a copy of a return to a taxpayer

* Safeguarding taxpayer information

Treatment of Income and Assets

* Taxability of wages, salaries, tips, and other earnings

* Reporting requirements of Social Security benefits

* Determination of basis of assets

Deductions and Credits

* Medical and dental expenses

* Types of interest and tax payments

* Child and dependent care credit

Other Taxes

* Alternative Minimum Tax

* Self-Employment Tax

Preliminary Work and Collection of Taxpayer Data

* Collecting a taxpayer's filing information and
determining their status

* Determine filing requirements, including extensions and amended
returns

* Personal exemptions and dependents

Completion of the Filing Process

* Check return for completeness and accuracy

* Tax withholding, payment and refund options, and estimated tax
payments

* Explaining and reviewing the tax return

Ethics and Circular 230

* Preparer's due diligence for accuracy of representations
made to clients and the IRS

* Sanctions that may be imposed under Circular 230

* Rules governing authority to practice before the IRS

If you're looking for a practical guide to the principles
behind Form 1040, look no further. The Wiley Tax Preparer is the
most accessible guide to understanding how complex tax laws affect
individual taxpayers.