The nation’s top federal tax resource, the U.S. Master Tax Guide (2020), has been updated to provide complete and reliable guidance on the historic Tax Cuts and Jobs Act, as well as pertinent federal taxation changes that affect 2019 returns. Virtually all taxpayers are impacted by the changes to the U.S. tax structure, with individual taxpayers and businesses witnessing the most significant changes. By having access to the most sought-after resource on the market, you will gain a complete understanding of updated tax law explanations and will receive guidance on the major tax reform provisions. The U.S. Master Tax Guide was meticulously researched to cover today’s federal tax law and was expertly-written to help identify tax planning opportunities, ensure accuracy when filing taxes, maximizes your knowledge of the Tax Cuts and Jobs Act and serve as a quick reference guide when providing tax services to your business or clients.
The U.S. Master Tax Guide (2020) includes:.
Updated explanations covering the Tax Cuts and Jobs Act, Consolidated Appropriations Act, 2019, and the Bipartisan Budget Act of 2019.
Complete coverage of post-tax reform guidance, including transition tax, qualified business income deduction, bonus depreciation, and GILTI .
Reorganized to reflect new tax structure under Tax Cuts and Jobs Act .
Guidance on Section 199A Qualified Business Income Deduction and latest IRS regulations.
State-by-state summaries of the new provisions state legislatures have adopted in response to tax reform.
Popular Quick Tax Facts card that can be detached for at-glance reference to key tax figures and other often referenced amounts used in preparing 2019 income tax returns.
NEW FEATURE! Summaries of responses to Tax Cuts and Jobs Act by state taxing authorities .
U.S. Master Tax Guide (2020) is also available in an eBook format which you can download to your computer instantly..
The 2020 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 -- Passive Activity Loses
Depreciation, Amortization and Depletion
Tax Credits
Alternative Minimum Tax
Tax Accounting
Basis for Gain or Loss
Sales, Exchanges and Capital Gains
Installment Sales/Deferred Payment Sales
Securities Transactions
Health and Employee Benefits
Retirement Plans
Corporate Acquisitions -- Reorganizations -- Liquidations
Special Corporate Status
Foreign Income and Transactions
Returns -- Payment of Tax
Withholding and Estimated Taxes
Examination of Returns -- Collection of Tax
Penalties and Interest
Estate, Gift and Generation-Skipping Tax
Topical Index
The U.S. Master Tax Guide 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 federal taxation..
Overview
Tax Rates
Checklists
Special Tax Tables
Explanatory Text
Individuals
Corporations
S Corporations
Partnerships
Trusts -- Estates
Exempt Organizations
Income
Exclusions from Gross Income
Business Expenses
Nonbusiness Expenses
Losses -- Passive Activity Losses
Depreciation, Amortization and Depletion
Tax Credits
Alternative Minimum Tax
Tax Accounting
Basis for Gain or Loss
Sales and Exchanges -- Capital Gains
Installment Sales -- Deferred Payments
Securities Transactions
Health and Employee Benefits
Retirement Plans
Corporate Acquisitions -- Reorganizations -- Liquidations
Special Corporate Status
Foreign Income and Transactions
Returns -- Payment of Tax
Withholding -- Estimated Taxes
Examination of Returns -- Collection of Tax
Penalties -- Interest
Estate, Gift and Generation-Skipping Tax
Topical Index
