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| Preface | |
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| Introduction | |
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| Income | |
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| Realizing Income | |
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| Constructive Receipt | |
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| Assignment of Income | |
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| Method of Accounting | |
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| Gross Income | |
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| Compensation for Services | |
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| Business Income | |
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| Gain from Dealings in Property | |
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| Capital Gains and Losses | |
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| Determining Whether Property is a Capital Asset | |
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| Deferring Recognition of Capital Gains | |
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| Conversions of Property | |
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| Reporting Capital Gains and Losses | |
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| Interest | |
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| Rents | |
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| Royalties | |
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| Dividends | |
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| Distributive Share of Partnership Income | |
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| Loans | |
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| Specifically Excluded Sources of Income | |
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| Adjusted Gross Income | |
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| Losses from Sale or Exchange of Property | |
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| Expenses Related to Rents and Royalties | |
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| Trade and Business Deductions | |
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| Deductible Employees' Expenses | |
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| Non-reimbursed Employee Business Expenses | |
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| Home Office Expense | |
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| Qualifying Business Purposes | |
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| Regular, but not Exclusive | |
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| Allocating Percentage of Use | |
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| Eligible Expenses | |
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| Drawbacks to Taking the Deduction | |
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| Special Rules | |
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| Limitations | |
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| Nonbusiness Deductions for the Self-Employed | |
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| Self-Employment Tax | |
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| Health Insurance Deduction | |
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| Retirement Plans | |
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| Losses and Bad Debts | |
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| Losses on Sale or Exchange of Property | |
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| Casualty and Theft Losses | |
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| Net Operating Losses | |
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| Passive Losses | |
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| Bad Debts | |
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| Taxable income | |
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| Categories of Deductions | |
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| Itemized Deductions | |
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| Exemptions | |
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| Taxes | |
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| Individual Federal Income Taxes | |
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| Alternative Minimum Tax | |
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| FICA Taxes-Social Security and Medicare Taxes | |
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| Self-Employment Tax | |
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| Corporate Federal Income Taxes | |
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| Tax Credits 143 | |
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| General Business Credit | |
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| Personal Credits | |
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| Retirement Savings Contributions | |
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| Other Nonrefundable Credits | |
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| Refundable Credits | |
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| Order of Application of Tax Credits | |
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| Tax Considerations in Entity Selection | |
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| Sole Proprietorships | |
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| Partnerships | |
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| Joint Ventures | |
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| Limited Partnerships | |
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| Limited Liability Partnerships | |
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| Family Partnerships | |
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| Corporations | |
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| Professional Corporations | |
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| Limited Liability Companies | |
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| Family Limited Liability Companies | |
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| Retirement Plans | |
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| Individual Retirement Arrangements | |
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| Roth IRAs | |
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| Simplified Employee Pension Plans | |
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| Simple IRAs | |
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| 401(k) Plans | |
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| Other Retirement Plans | |
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| Withholding Taxes | |
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| Withholding Employee Taxes | |
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| Amount to Withhold | |
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| Payment of Withholding Taxes | |
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| Filing Appropriate Returns | |
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| Estimated Tax Payments | |
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| Glossary | |
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| Index | |
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| About the Author | |