1040 Preparation and Planning Guide (2008) (1040 Preparation & Planning Guide) [Paperback]

Sidney Kess (Author), Barbara Weltman (Author)

Book Description

ISBN-10: 0808017705 | ISBN-13: 978-0808017707 | Publication Date: December 1, 2007 | Edition: 2008

CCH's 1040 Preparation and Planning Guide is the premier professional guide to preparing individual income tax returns--plus you can use the Guide to get valuable CPE credits while preparing for the coming tax return season. It is a product that includes both print and audio; a guide to both tax preparation and planning; and a source for both quick reference and CPE credits. Written by noted tax experts, commentators and educators, Sidney Kess and Barbara Weltman, 1040 Preparation and Planning Guide's approach is concise and practical. These skilled authors provide precise guidance on all the essentials of individual tax return preparation. Practitioners can go into the tax season knowing they are prepared for the rigors of 1040 preparation--feeling confident that they know what's new and that they have a good grasp of the fundamentals. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner. As an added bonus, a podcast, which updates preparers on the new tax law highlights for the year is also available. Changes affecting key areas like tax rates and refunds, IRAs, education tax incentives, treatment of dividends, adoption expenses, child care credit, and dozens of other "bread and butter" areas are also highlighted and explained throughout the text. New complicated provisions are presented in more detail, so preparers can readily see and understand them in the context of the 1040 form itself. The authors also include special notice of important new changes that need to be considered in setting new tax planning strategies with clients. 1040 Preparation and Planning Guide's presentation is superior--it flows logically, line-by-line through the return itself; hits all the high points; and uses simple, straightforward and easy-to-understand language. It's format and organization is easy to use and easy to read, with large type and forms reproduced in place throughout the chapters. Many of the forms and schedules included are filled-in, so users can see how real-world tax scenarios flow through onto the forms themselves. 1040 Preparation and Planning Guide's distinctive features include: - emphasis on return preparation principles - "Practice Pointers" throughout highlight special opportunities - "Pitfalls" note critical preparer problem areas to avoid - "Review Questions and Answers" in each chapter reinforce readers' understanding of material presented and improve retention - "Chapter Highlights" sections point out relevant changes and new developments - "Illustrative Examples" demonstrate important points and principles - Audio update can be downloaded and used in your car, home or office to help practitioners get quickly up-to-date on significant new developments affecting individuals - CPE component offers an efficient way to get continuing education on an important and relevant topic CCH's 1040 Preparation and Planning Guide is ideal for staff training by accounting firms, tax preparation firms and anyone who needs updated, comprehensive training in completing 1040 tax returns.

Editorial Reviews

About the Author

Sidney Kess, CPA and attorney, is a nationally recognized tax authority who has been one of the top national leaders and authors in tax planning and education for more than 40 years. Through his long association with the AICPA's "Individual Income Tax Returns Workshop," "Corporate Tax Returns Workshop," and other programs, he has presented update, training and education programs to tens of thousands of tax planners and preparers across the country. In conjunction with CCH, he is the co-author/developer of several classic texts and subscription services, such as "1040 Preparation," "Financial and Estate Planning Guide," Financial and Estate Planning Reporter," "Business Strategies Guide" and numerous other products including dozens of CPE programs. Barbara Weltman, an attorney, has written extensively on a wide variety of tax and financial planning matters for both professionals and the general public. A frequent collaborator with Sid Kess, she is also one of the top tax authors for consumers, business owners and entrepreneurs. She is the co-author with Sid Kess of of CCH's "1040 Preparation," "Retirement Planning Guide," and dozens of CCH CPE courses and publications. She is also the author of several books for J.K. Lasser, including "J.K. Lasser's 1,001 Deductions and Tax Breaks" and "Financial Planning for CPAs."

Product Details

• Paperback: 608 pages
• Publisher: CCH, Inc.; 2008 edition (December 1, 2007)
• Language: English
• ISBN-10: 0808017705
• ISBN-13: 978-0808017707
• Product Dimensions: 10.8 x 8.4 x 1.1 inches
• Shipping Weight: 2.6 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #4,671,390 in Books (See Top 100 in Books)