The 2004 MTG contains timely and precise explanation of federal income taxes for individuals, partnerships, corporations, estates and trusts, as well as new rules established by key court decisions and the IRS. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. The book's explanations are meticulously researched and footnoted to provide tax practitioners with the most accurate and legally-sound guidance to help them understand, apply and comply with the federal tax laws.
CCH's MTG is built for speed with numerous time-saving features, including a tax calendar, taxpayer-specific return flowcharts, lists of average itemized deductions, selected depreciation tables, rate tables, checklists of income, deduction and medical expense items, and a resource/directory of key government addresses and phone numbers. These features help users quickly and easily determine how particular tax items and situations should be treated.
MTG comes complete with the popular Quick Tax Facts card that can be detached for at-a-glance reference to key tax figures and other often referenced amounts used in preparing 2003 income tax returns, and a special bonus CPE course supplement entitled Top Tax Issues for 2004, which focuses in on some of the newest and thorniest tax developments affecting practitioners for the year. This Top Tax Issues Course allows professionals to earn CPE credit while keeping up-to-date on the most important tax issues (grading fee additional).
The 2004 U.S. Master Tax Guide's updated explanations cover:
- Highlights of New Tax Developments
- Tax Rates and Tax Tables
- Individuals
- Corporations
- S Corporations
- Partnerships
- Trusts and Estates
- Exempt Organizations
- Income
- Exclusions from Income
- Business Expenses
- Non-Business Expenses
- Losses and Bad Debt
- Depreciation, Amortization and Depletion
- Tax Credits
- Minimum Tax
- Tax Accounting
- Basis for Gain or Loss
- Sales, Exchanges and Capital Gains
- Installment Sales/Deferred Payment Sales
- Securities Transactions
- Tax Shelters/At-Risk Rules/Passive Losses
- Retirement Plans
- Corporate Acquisitions/Reorganizations
- Taxation of Foreign Activities/Taxpayers
- Returns and Payment of Tax
- Withholding and Estimated Taxes
- Examination of Returns -- Collection of Tax
- Penalties and Interest
- Estate, Gift and Generation-Skipping Tax
MTG is conveniently cross-referenced to the Internal Revenue Code, Income Tax Regulations, certain other important tax law sources, and CCH's Standard Federal Tax Reports for further research.
This reliable reference is a must for anyone involved with taxes and tax preparation.
