The U.S. tax system can be complicated, and with recent and ongoing changes to provisions, the tax landscape will only grow increasingly more complex, especially for individual taxpayers. The 2018 Taxes Made Easy: 150 Questions and Answers for Individuals provides a comprehensive question and answer summary of the Tax Cuts and Jobs Act, and serves as a guide for preparing personal tax returns in 2019.
This all-new publication includes:
• Easy to find summaries of how the Tax Cuts and Jobs Act impact individual taxpayers
• Simple answers to common questions that may arise while preparing personal tax returns in 2019
• Ready answers that individual taxpayers may find difficult to locate in IRS materials
• Organized questions and answers that follow likely progression through a traditional tax return form or professional preparation software
How Will You Benefit:
Individuals are more impacted by the provisions of the Act more than any other class of taxpayers, and without the right resources, the risk of Form 1040 errors, penalties and audit are greater. This one-of-a-kind resource provides insight into the effects of the Tax Cuts and Jobs Act and offers individual taxpayers with a simpler way to get the right answers to commonly asked questions. Whether you’re a first-time tax preparer or an experienced one, this all-new guide provides answers to topics of special interest for individuals. This includes state and local tax deduction, mortgage interest deductions, impacts on estate and gift taxes, medical expense deductions and more.
What to Expect From the Q&A Section:
Question and Answers are organized and aligned in the order in which actual Form 1040s are filled out or in the order in which questions are asked on professional tax return software. The answers are focused and specifically reflect changes from the Tax Cuts and Jobs Act as well as the latest guidance from the IRS.