Wiley Tax Preparer

Whether you're already a tax preparer or you'relooking to become one, you need a firm grasp of the tax concepts onwhich individual taxation is based. We created the Wiley TaxPreparer as a refresher for the experienced tax preparer, and as areadable guide for the less-experienced tax preparer.

This timely guide is an essential tax resource providing youwith useful information on tax principles and filing requirementsthat a preparer must know to complete a 1040 series return andassociated schedules. You'll refer to it time and again, forinformation about:

Practices and Procedures
* Penalties to be assessed by the IRS against a preparer fordisregard of the rules and regulations
* Furnishing a copy of a return to a taxpayer
* Safeguarding taxpayer information

Treatment of Income and Assets
* Taxability of wages, salaries, tips, and other earnings
* Reporting requirements of Social Security benefits
* Determination of basis of assets

Deductions and Credits
* Medical and dental expenses
* Types of interest and tax payments
* Child and dependent care credit

Other Taxes
* Alternative Minimum Tax
* Self-Employment Tax

Preliminary Work and Collection of Taxpayer Data
* Collecting a taxpayer's filing information anddetermining their status
* Determine filing requirements, including extensions and amendedreturns
* Personal exemptions and dependents

Completion of the Filing Process
* Check return for completeness and accuracy
* Tax withholding, payment and refund options, and estimated taxpayments
* Explaining and reviewing the tax return

Ethics and Circular 230
* Preparer's due diligence for accuracy of representationsmade to clients and the IRS
* Sanctions that may be imposed under Circular 230
* Rules governing authority to practice before the IRS

If you're looking for a practical guide to the principlesbehind Form 1040, look no further. The Wiley Tax Preparer is themost accessible guide to understanding how complex tax laws affectindividual taxpayers.