| Contents |
<p>What’s New for 2018 xxvii</p> <p>Tax News for 2018 xxvii</p> <p>Key Tax Numbers for 2018 xxxi</p> <p>Tax-Saving Opportunities for 2018 xxxiv</p> <p><b>PART 1 • FILING BASICS 1</b></p> <p>Do You Have to File a 2018 Tax Return? 2</p> <p>Filing Tests for Dependents: 2018 Returns 4</p> <p>Where to File Your 2018 Form 1040 5</p> <p>Filing Deadlines (on or before) 6</p> <p>The New Form 1040 and 1040 Schedules 8</p> <p><b>Filing Status 9</b></p> <p>1.1 Which Filing Status Should You Use? 10</p> <p>1.2 Tax Rates Based on Filing Status 11</p> <p>1.3 Filing Separately Instead of Jointly 12</p> <p>1.4 Filing a Joint Return 14</p> <p>1.5 Nonresident Alien Spouse 15</p> <p>1.6 Community Property Rules 16</p> <p>1.7 Innocent Spouse Rules 17</p> <p>1.8 Separate Liability Relief for Former Spouses 18</p> <p>1.9 Equitable Relief 22</p> <p>1.10 Death of Your Spouse in 2018 23</p> <p>1.11 Qualifying Widow/Widower Status for 2018 If Your Spouse Died in 2017 or 2016 24</p> <p>1.12 Qualifying as Head of Household 24</p> <p>1.13 Filing for Your Child 26</p> <p>1.14 Return for Deceased 27</p> <p>1.15 Return for an Incompetent Person 29</p> <p>1.16 How a Nonresident Alien Is Taxed 29</p> <p>1.17 How a Resident Alien Is Taxed 29</p> <p>1.18 Who Is a Resident Alien? 30</p> <p>1.19 Certificate of Tax Compliance for Alien Leaving the United States 32</p> <p>1.20 Expatriation Tax 33</p> <p><b>PART 2 • REPORTING YOUR INCOME 35</b></p> <p><b>Wages, Salary, and Other Compensation 37</b></p> <p>Salary and Wage Income 38</p> <p>2.1 Salary and Wage Income 40</p> <p>2.2 Constructive Receipt of Year-End Paychecks 41</p> <p>2.3 Pay Received in Property Is Taxed 42</p> <p>2.4 Commissions Taxable When Credited 42</p> <p>2.5 Unemployment Benefits 43</p> <p>2.6 Strike Pay Benefits and Penalties 43</p> <p>2.7 Nonqualified Deferred Compensation 44</p> <p>2.8 Did You Return Wages Received in a Prior Year? 45</p> <p>2.9 Waiver of Executor’s and Trustee’s Commissions 46</p> <p>2.10 Life Insurance Benefits 46</p> <p>2.11 Educational Benefits for Employees’ Children 47</p> <p>2.12 Sick Pay Is Taxable 48</p> <p>2.13 Workers’ Compensation Is Tax Free 48</p> <p>2.14 Disability Pay and Pensions 49</p> <p>2.15 Stock Appreciation Rights (SARs) 50</p> <p>2.16 Stock Options 51</p> <p>2.17 Restricted Stock 53</p> <p><b>Fringe Benefits 55</b></p> <p>Tax-Free Health and Accident Coverage Under Employer Plans 56</p> <p>3.1 Tax-Free Health and Accident Coverage Under Employer Plans 57</p> <p>3.2 Health Savings Accounts (HSAs) and Archer MSAs 57</p> <p>3.3 Reimbursements and Other Tax-Free Payments From Employer Health and Accident Plans 60</p> <p>3.4 Group-Term Life Insurance Premiums 63</p> <p>3.5 Dependent Care Assistance 65</p> <p>3.6 Adoption Benefits 65</p> <p>3.7 Education Assistance Plans 66</p> <p>3.8 Company Cars, Parking, and Transit Passes 66</p> <p>3.9 Working Condition Fringe Benefits 69</p> <p>3.10 De Minimis Fringe Benefits 69</p> <p>3.11 Employer-Provided Retirement Advice 70</p> <p>3.12 Employee Achievement Awards 70</p> <p>3.13 Employer-Furnished Meals or Lodging 71</p> <p>3.14 Minister’s Housing or Housing Allowance 73</p> <p>3.15 Cafeteria Plans Provide Choice of Benefits 74</p> <p>3.16 Flexible Spending Arrangements 75</p> <p>3.17 Company Services Provided at No Additional Cost 78</p> <p>3.18 Discounts on Company Products or Services 78</p> <p><b>Dividend and Interest Income 79</b></p> <p>4.1 Reporting Dividends and Mutual Fund Distributions 80</p> <p>4.2 Qualified Corporate Dividends Taxed at Favorable Capital Gain Rates 81</p> <p>4.3 Dividends From a Partnership, S Corporation, Estate, or Trust 82</p> <p>4.4 Real Estate Investment Trust (REIT) Dividends 82</p> <p>4.5 Taxable Dividends of Earnings and Profits 83</p> <p>4.6 Stock Dividends on Common Stock 83</p> <p>4.7 Dividends Paid in Property 84</p> <p>4.8 Taxable Stock Dividends 84</p> <p>4.9 Who Reports the Dividends 84</p> <p>4.10 Year Dividends Are Reported 85</p> <p>4.11 Distribution Not Out of Earnings: Return of Capital 86</p> <p>4.12 Reporting Interest on Your Tax Return 86</p> <p>4.13 Interest on Frozen Accounts Not Taxed 87</p> <p>4.14 Interest Income on Debts Owed to You 88</p> <p>4.15 Reporting Interest on Bonds Bought or Sold 88</p> <p>4.16 Forfeiture of Interest on Premature Withdrawals 89</p> <p>4.17 Amortization of Bond Premium 89</p> <p>4.18 Discount on Bonds 91</p> <p>4.19 Reporting Original Issue Discount on Your Return 92</p> <p>4.20 Reporting Income on Market Discount Bonds 93</p> <p>4.21 Discount on Short-Term Obligations 95</p> <p>4.22 Stripped Coupon Bonds and Stock 96</p> <p>4.23 Sale or Retirement of Bonds and Notes 96</p> <p>4.24 State and City Interest Generally Tax Exempt 97</p> <p>4.25 Taxable State and City Interest 97</p> <p>4.26 Tax-Exempt Bonds Bought at a Discount 98</p> <p>4.27 Treasury Bills, Notes, and Bonds 98</p> <p>4.28 Interest on United States Savings Bonds 99</p> <p>4.29 Deferring United States Savings Bond Interest 100</p> <p>4.30 Minimum Interest Rules 102</p> <p>4.31 Interest-Free or Below-Market-Interest Loans 102</p> <p>4.32 Minimum Interest on Seller-Financed Sales 104</p> <p><b>Reporting Property Sales 107</b></p> <p>5.1 General Tax Rules for Property Sales 108</p> <p>5.2 How Property Sales Are Classified and Taxed 108</p> <p>5.3 Capital Gains Rates and Holding Periods 110</p> <p>5.4 Capital Losses and Carryovers 114</p> <p>5.5 Capital Losses of Married Couples 114</p> <p>5.6 Losses May Be Disallowed on Sales to Related Persons 115</p> <p>5.7 Special Treatment of Gain on Sale of Small Business Stock or Qualified Opportunity Zone Investment 116</p> <p>5.8 Reporting Capital Asset Sales on Form 8949 and on Schedule D 118</p> <p>5.9 Counting the Months in Your Holding Period 127</p> <p>5.10 Holding Period for Securities 127</p> <p>5.11 Holding Period for Real Estate 128</p> <p>5.12 Holding Period: Gifts, Inheritances, and Other Property 128</p> <p>5.13 Calculating Gain or Loss 129</p> <p>5.14 Amount Realized Is the Total Selling Price 130</p> <p>5.15 Finding Your Cost 130</p> <p>5.16 Unadjusted Basis of Your Property 130</p> <p>5.17 Basis of Property You Inherited or Received as a Gift 132</p> <p>5.18 Joint Tenancy Basis Rules for Surviving Tenants 136</p> <p>5.19 Allocating Cost Among Several Assets 138</p> <p>5.20 How To Find Adjusted Basis 139</p> <p>5.21 Tax Advantage of Installment Sales 140</p> <p>5.22 Figuring the Taxable Part of Installment Payments 141</p> <p>5.23 Electing Not To Report on the Installment Method 144</p> <p>5.24 Restriction on Installment Sales to Relatives 144</p> <p>5.25 Contingent Payment Sales 146</p> <p>5.26 Using Escrow and Other Security Arrangements 147</p> <p>5.27 Minimum Interest on Deferred Payment Sales 148</p> <p>5.28 Dispositions of Installment Notes 148</p> <p>5.29 Repossession of Personal Property Sold on Installment 149</p> <p>5.30 Boot in Like-Kind Exchange Payable in Installments 150</p> <p>5.31 Interest Tax if Sales Price Exceeds $150,000 With Over $5 Million Debt 150</p> <p>5.32 Worthless Securities 151</p> <p>5.33 Tax Consequences of Bad Debts 152</p> <p>5.34 Four Rules To Prove a Bad Debt Deduction 154</p> <p>5.35 Family Bad Debts 155</p> <p><b>Tax-Free Exchanges of Property 156</b></p> <p>6.1 Like-Kind Exchanges of Real Property 157</p> <p>6.2 Receipt of Cash and Other Property—Boot 158</p> <p>6.3 Time Limits and Security Arrangements for Deferred Exchanges 161</p> <p>6.4 Qualified Exchange Accommodation Arrangements (QEAAs) for Reverse Exchanges 163</p> <p>6.5 Exchanges Between Related Parties 164</p> <p>6.6 Property Transfers Between Spouses and Ex-Spouses 164</p> <p>6.7 Tax-Free Exchanges of Stock in Same Corporation 167</p> <p>6.8 Joint Ownership Interests 168</p> <p>6.9 Setting up Closely Held Corporations 168</p> <p>6.10 Tax-Free Exchanges of Insurance Policies 168</p> <p><b>Retirement and Annuity Income 170</b></p> <p>Retirement Distributions on Form 1099-R 171</p> <p>7.1 Retirement Distributions on Form 1099-R 172</p> <p>7.2 Lump-Sum Distr. |
| System details |
Mode of access: World Wide Web. |
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Format: Adobe EPUB eBook. |
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Format: OverDrive Read. |
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Requires Adobe Digital Editions. |
| Other edition |
Original 9781119532675 |
| Subject |
Income tax -- United States.
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| Genre |
Electronic books.
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| Series |
J.K. Lasser
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| Includes |
Lasser, J. K. (Jacob Kay), 1896-1954.
Your income tax.
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| Other corporate author |
OverDrive, Inc.
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| Other title |
Your income tax 2019 |
| ISBN |
9781119532705
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1119532701
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| STANDARD # |
2826EB8E-3CCD-4A77-9A13-6C93CFE1DD65 OverDrive |
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