Publication Date: 10/2018
Author: Lee T. Reams, EA
Delivery Method – Downloadable .MSI file (For PCs only)
Nothing is worse than working on a tough client tax problem and having nowhere to turn for answers. The Big Book of Taxes is the cornerstone of our continuing education program. And until now the Desktop edition was only available to Total Practice and Live Seminar attendees.
The Big Book of Taxes includes over 1,000 pages of helpful tax research, charts, and examples. If it is about individual taxation and small business taxation, we have you covered The Desktop edition includes hyperlinks from the index for quick access to answers to your most pressing client problems. Includes citations to IRS publications and code. Use the quick search tools to pull up matches to any keyword search. There is a reason the Big Book of Taxes was rated 94 out 100 by its users.
The Big Book of Taxes is more comprehensive than the commercial quick reference guides and much less expensive than subscriptions to the big brand research libraries.
The Desktop Edition of the Big Book of Taxes is downloaded directly on to your computer and is accessed through an icon on your desktop. You also get access to the full PDF text to download and read on your mobile devices.
- How to report income from short-term rentals through such online services as Airbnb, VRBO and HomeAway
- How to report income and expenses of Uber drivers
- Probably the best Obamacare resource available:
- How to compute the PTC and reconcile it with the APTC and compute additional credit or credit recapture.
- 1095-C filing requirements for applicable large employers (ALEs) and how to fill out the 1095-Cs.
- How the 1095-C affects the qualification for premium tax credit.
- How to use exemptions to get your client out of the uninsured penalty.
- Dealing with the IRS mortgage interest audit initiative.
- Bonus depreciation phase-out
- Unmarried co-owners’ home mortgage limitations – potential for amended returns
- Charitable contribution for “use” of property
- Draconian PLR fee for retirement plan rollover issues
- Back door Roth IRAs
- Regulations for allocating qualified ROTH IRA distributions
- Basis consistency rules
- Hobby Losses
- Life estate - home gain exclusion & inherited basis
- Converting personal property to business property
- Interest Tracing
- Increased taxpayer penalties
- Expanded Sec 179 qualified property
- Understanding the IRS’s ID theft protection services.
- Foreign reporting requirements, including FBARs, 8939, 3520 and other forms.
- Integrity, due diligence, and disallowance periods for Child Credit, Education Credit and EITC
- New more complicated due diligence Form 8867 and stiffer preparer penalties.
- Qualified longevity annuities
- Estate tax portability election
- Simplified capitalization & repair regulations for small businesses.
- Issues related to renting to a relative.
- Plus a myriad of other changes and a review of the critical issues for 2018.
This is a Windows-based application and requires a current version of Adobe Reader to Access.