Index
Numerics
0% rate on capital gains
2% AGI (adjusted gross income) floor
deductions, effect of
job expenses not subject to
job expenses subject to
miscellaneous itemized deduction subject to
moving expenses not subject to
15% rate on capital gains
28% capital rate gains from sales
30% adjusted gross income ceiling
30-day disbursement rule on loan proceeds
50% ceiling on charitable contributions
65 in age and over, tax benefits for
183-day substantial presence test for resident aliens
401(k) plans
corrective distributions from
elective deferral limit
hardship withdrawals from
limit on salary reduction deferrals
nondiscrimination rules
one-person 401(k) plan
ordinary income, taxed as
partnership plans
restrictions on withdrawals
Roth 401(k) contributions
SIMPLE IRA, contribution to both
SIMPLE plans
tax benefits of
tax-favored retirement plan, key to
withdrawals before age 59½
withholdings for retirement plans
403(b) plans, annuities for employees of tax-exempts and schools
nonspousal beneficiaries
rollover from employer plan to Roth IRA
Roth contributions to
2010 healthcare reform legislation
A
Abandoned securities
Abandonments of property
Abode test for qualifying children as exemption
Abstract of title fees
Accelerated cost recovery system (ACRS)
Accelerated death benefits
Accountable reimbursement plan
Accountants
employer-provided
material participation tests
travel costs
Accrual basis accounting for business income
Accrual method of accounting
Accumulated earnings and profits
Acknowledgment, written, for charity contributions
Acquisition debt
Acquisition premium
Active participation in employer plan
Adequate accounting, importance of
Adjusted basis
for casualty losses
how to find
of sale of home
Adjusted gross income (AGI)
2% AGI floor
7.5% AGI floor on itemized deductions for medical costs
10% AGI floor, on losses to personal-use property
deductions allowed in figuring
excess
figuring
hobby expenses
lottery and sweepstakes winnings
medical expenses
no phaseout of itemized deductions for 2012
reporting child’s income on your return
Roth IRA contributions
Adopted children
adoption credit
benefit as fringe benefit
expenses, employer-provided assistance, MAGI and
medical expenses of
not a U.S. citizen or resident, exemption for
qualified adoption expenses
relationship test for claiming an exemption
scholarship for, not a support item
Ad valorem tax
Advance lean burn credits
Advance payment
accounting method for reporting business income
health coverage credit
song publishers to composers, amortizing song rights
time limits for receiving
Advances, against unearned commissions
Airfares, subject to 2% AGI floor
Airline deregulation benefits
Airline employees
free or low-cost flights provided to
IRS meal allowance
pilot
Airplane
company plane
depreciate business property
donated, substantiation rules for
fuel-related credits
Alaska, IRS meal allowance for travel in
Aliens
dual tax status
expatriation tax
in first year of residency
in last year of residency
leaving U.S.
moving to U.S.
verifying employment status
Alimony
annuity or endowment policy
cash payments required
child support not deductible as
decree or agreement required
IRA contributions and
key to alimony and marital settlement issues
legal fees of marital settlements
minimum payment period for alimony
pendente lite
planning agreements
recapture rules
tax form to file
tax rules for alimony payments
voluntary payments in excess of required alimony
Alternative depreciation system (ADS)
Alternative fuels credit
Alternative Minimum Tax (AMT)
150% rate election
adjustments for
attorney’s contingent fee paid from taxable award
avoiding
checklist of items subject to
child’s dividends and interest, reporting
child’s liability for
computing on Form 6251
debts cancelled in bankruptcy
depreciation and
exemption for 2012
expatriation tax
farmers, income averaging
filing separately versus jointly
general business credit and
intangible drilling costs and
ISO stock, selling to avoid adjustment
key to rules
net capital gains and qualified dividends
personal tax credits, overview of
recovered deductions and
tax credit from regular tax
tax credits allowed against
tax-exempts and
American Opportunity Credit
American Red Cross, deductible contributions to
American Samoa
Amortization
adjusted basis and
of bond premium
for business intangibles
expenses in new business
of goodwill and other intangibles
method, for annuity schedule payments
song rights
Amount realized
Amount recognized
Annualized income installment method for estimated taxes
Annuity(-ies)/annuity income
commercial
contracts
employee
endorsement of check for another annuity is taxable
penalty on premature withdrawals from deferred annuities
schedule payments of IRAs
for surviving spouse
tax-sheltered, distributions from
variable
Annulment decree
Antarctic region, not meeting foreign residence
Anti-churning rule
Applicable federal rate (AFR), for seller-financed sales
Appraisals
of art objects
for casualty losses
for disaster relief
fees, as miscellaneous expense
of home
penalty for substantial overvaluation of property
written requirements
Appreciated financial position, constructive sales of
Appreciated securities, donating
Appreciation in value
Arbitrage bonds
Arbitrage transactions of short sales of stock
Archer MSA (Medical Savings Account)
contribution deadline
employer contribution limits
employer contributions to, W-2 form and
rollover to HSA
tax-free distributions from
Architects
material participation tests
travel costs
Armed Forces, members of
base amount for tax credit
benefits, tax-free
benefits and pay, taxable
combat pay election for earned income credit
combat zone death, tax forgiveness for
combat zone duty
Compensated Work Therapy Program (CWT)
death benefits
deductions for
differential wages paid to workers joining
disability pensions for
disability retirement pay
education at academies, additional tax exception for
Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART)
income taxes withheld on pay to
missing status
moving expenses
permanent duty station of
qualified reservist distribution
reservists
residence, suspending five-year ownership and use period
retirement plans, penalty-free withdrawals from
retroactive military disability determination, refund after
Roth IRA contribution based on tax-free combat pay
support test for exemptions and
tax deadlines extended for personnel
Armed Forces Health Professions Scholarship Program
Artists
Art objects
Assessments of real estate
Assigned contingent fee, tax on
Athletes, professional
alien, temporarily in U.S.
tax home for travel expense purposes
Athletic facilities, as fringe benefit
Athletic stadium tickets, deductibility of
At-risk rules
amounts considered at risk
amounts not at risk
carryover of disallowed losses
Form 6198
loss restrictions
partnership loss limitations
passive loss rules, effects of
recapture of losses where at risk is less than zero
several activities, investment in
At-the-money call option
Attorney
contingent fee paid from taxable award
employer-provided retirement advice
law school costs, not deductible
material participation tests for
Audit
cost of preparing for
unified, for partnerships
Aunts, relationship test for claiming an exemption
Authors, self-employed
Automobiles
alternative depreciation system for
company cars as fringe benefit
damage to, deducting
demonstration cars as fringe benefit
depreciation of
donations
employer reporting taxable benefits on company cars
exotic cars
expenses, subject to 2% AGI floor
foreclosure, repossession, or voluntary conveyance
gasoline taxes
license fees
like class exchange
local transportation costs for job-related travel
MACRS recovery periods and rates
mileage rates
sale of
school, transportation to
unreimbursed accident damage as casualty loss
volunteer services
winterize, failure to
Average Cost Basis Method
Awards and prizes
charity-organized benefit tickets
employee achievement
to employees
gambling winnings and losses
installment payments
sweepstakes and lottery winnings
taxable income tests
Away from home
for armed forces personnel
deducting travel expenses
definition of
B
Babysitters, of charity volunteer workers
Back pay, taxable
Backup withholding
Bad debt deductions
Baggage charges as business trip deduction
Bank checking fees
Bank deposit loss
Bank drafts of $10,000 or less, reporting to IRS
Bankruptcy
debts cancelled in
employer, higher contribution limit for 401(k) participants
interest on bonds and
of qualified intermediary
Bar review courses, not deductible
Basic Allowance for Housing (BAH)
Basic standard deduction
Basis
additions and decreases to
adjustments, AMT and
allocation of
of convertible stocks and bonds
of inherited property
joint tenancy rules for surviving tenants
of repossessed property
of shares acquired before 2012
of stock dividends
of stock rights
of taxable stock dividend
unadjusted, of your property
Beneficiaries
annuities received by, death benefit exclusion
consistent reporting by
death before September 30 determination date
distributions after death of Roth IRA owner
of inherited traditional IRAs
of lump-sum distributions from retirement plans
multiple, of inherited traditional IRA
nonspouse, distribution of retirement plans
retirement plan distributions to
Schedule K-1, IRS matching program for
Benefit tickets, deductibility of
Bequest
from expatriates
received by executor, tax-free
Bicycle costs, employer-reimbursed
Bingo games organized by charities
Blind people, deductions for
Blood bank donations, nondeductible contributions for
Board and lodging, tax-free
Boats, special acknowledgment requirements for donation of
Bodyguard-chauffeur services
Bonds
accrual dates for
amortization of bond premium
bought at premium or acquisition premium
callable
capital or ordinary gains and loss from sale of
convertible
discount on
Freedom Shares
I bonds
interest on bonds bought or sold
market discount
municipal bond funds
original issue discount (OID)
private activity
public-purpose
qualified private activity bonds
redemptions, timing
sale or retirement of
saving notes
savings bonds
selling at a flat price
Series E and EE bonds
Series H and HH bonds
state and local (municipal bonds; tax-exempts)
taxable municipals
tax-exempt
funds
investing in
Treasury bonds
Treasury I bonds
U.S. Savings bonds
as charitable contribution
donating
interest on
student loan interest deduction
tax-free exchange rules not applicable to
tuition plans
used for tuition, AGI and MAGI
wash-sale rules
Bonus depreciation
Bonuses
employee
Stock Appreciation Rights (SARs)
Books used on the job, subject to 2% AGI floor
Boot
Boy Scouts, deductible contributions to
Breast pumps, as medical expense
Bribes and kickbacks
Brokerage services, employer-provided
Building, demolishing a
Building contractor, fraud by
Bullion, tax-free exchanges of
Burglar alarms
Business
bad debt for loan to employer
equipment, capital or ordinary gains and loss from sale of
intangibles, amortization for
tax liability limits
use of personal residence
Business activities
classifying
grouping rental and nonrental
material participation tests
Business expenses
inventory
medical expenses deductible as
minister’s, allocable to taxable compensation
taxes deductible as
trip deductions
Business income
accrual basis accounting
cash method of accounting
net operating losses
Business premises test, for employer-furnished meals or lodging
Business property
capitalize costs of
casualty or theft loss deduction of
disaster area
rent, deducting on Schedule C
sales of
tangible, depreciable
Business tax credits
Business travel
business-vacation trips
conventions and seminars
deductions
taking family along on temporary job site
travel expenses of spouse or dependent
weekend expenses
C
Cab fare
as business trip deductions
as de minimis fringe benefit
Cafeteria plan
Calculators
Calendars for 2012 and 2013
Calendar year
Callable bonds
Calls (options)
Canada, aliens who commute from, 183-day test and
Cancellation of debt
Cantor, housing allowance for
Capital asset
Capital expenditures, nondeductible
Capital gain (or loss)
0% rates
15% rates
28% rate gain
abandonments
bad debt deductions
bank deposit loss
bonds and notes
calculating
cancellation of a lease
conversion transactions, gains restricted on
deemed sale and suspended losses
distributions, from mutual funds
easement, granting of
foreclosure sales and voluntary conveyances to creditors
holding period for capital assets
long-term, as tax-saving opportunity
long-term or short-term
losses
capital loss alternative to amortizing premium
disallowed on sales to related persons, related buyer’s resale at profit
loss limit
securities transactions, planning for losses
mutual fund distribution reporting
post-2012 rules, uncertainty of
pre-1974 portion of lump sum distribution of retirement plan
preferential rates, possibility for
principal residence sale, figuring gain or loss
property sales
qualified corporate dividends, taxation of
on repossession
short sales of stock
short-term
tax liability to be computed on IRS worksheets
tax rate on net capital gains
Capital gain distribution
Capital improvements
CARE, deductible contributions to
Carryback
Carryforward
Carryovers
capital losses and
death of taxpayer
of disallowed losses
as exception to passive activity deduction
for excess charitable contributions
suspended losses
Car service, as de minimis fringe benefit
Cash allowances for meals and lodging
Cash-and-carry transactions
Cash and other property, receiving
Cash awards as employee achievement awards
Cash-basis investor
Cash-basis taxpayer
interest deduction
Treasury bill maturity
Cash contributions to charity
Cashier’s checks, of $10,000 or less, reporting to IRS
Cash method of accounting
Cash-out distribution of annuity
Cash payments of $10,000 or less, reporting to IRS
Cash receipts, reporting to IRS
Cash reimbursements of qualified transportation benefits
Casino wins
Casualty and theft losses
adjusted basis and
automobile damage
bank deposit losses as
calculating deductible loss
deducting
disaster losses
exceeding your income
excess living costs paid by insurance
figuring and claiming
figuring your loss on Form 4684
floors for personal-use property losses
incidental expenses
insurance reimbursements
net operating loss
nondeductible losses
property used for both personal and business purposes
proving a casualty loss
repairs as measure of loss
reporting gains from
sudden event test for casualty losses
trees and shrubs, damage to
when to deduct
who may claim deduction
C corporation
accounting method for
material participation
unified audit rules, exception to
Cellular phone, deduction for
Cemetery, nonprofit, unable to deduct
Certificate of compliance (“sailing” permit)
Certificate of Deposit (CD), early withdrawal on
Chambers of commerce, nondeductible contributions for
Chaplains, allowance for
Charitable contribution deductions and nondeductions
accelerating deductions
appreciated securities and real estate
assignment of pay as
automobile donations
bargain sales of appreciated property
cash contributions
ceiling on
charity remainder trusts
child support of student in your home
deductible contributions
direct transfer from IRA to charity
donations of property
dues
election to reduce property gift appreciation
excess donations on, carryover for
foreign charities
foster parent expenses
historic house easement after claiming rehab credit
interests in real estate
life insurance policy
lotteries organized by charities
membership in qualified charity, deductibility of
mortgaged property donations
noncash contributions
nondeductible
organizations qualifying for deductible donations
penalty for substantial overvaluation of property
property donations
property that has declined below cost
qualifying donations
recapture of deduction for property sold within three years
records needed to substantiate contributions
reporting
sports event tickets
student in your home, support of
substantiating
substantiating your donations
tax form to file
timing of
token gifts
vacation home use
when deductible
Charitable split-dollar insurance plan
Chauffeur services
as fringe benefit
travel costs incurred by, nondeductible expense
Checking account
canceled checks, keeping copies of
payments from, for loan proceeds
personal, nondeductible
Checklist of deductible and nondeductible taxes as itemized deduction
Checklist of rental deductions
Childbirth classes, as deductible medical expense
Child-care facilities and services, employer-provided
Children
bond registered in child’s name
born in foreign country
continuing coverage for group health plans (COBRA coverage)
court-ordered distributions of retirement benefits to
custodial accounts
default on support
as dependent
dependent care credit for
of divorced or separated parents
employer’s educational benefits for
as exemptions
FICA tax on wages paid to
filing returns for
foreign
as head of household
kiddie tax
married child, as qualifying child for EIC
newspaper home delivery pay, income taxes not withheld on
not a U.S. citizen or resident, exemption for
qualifying child
for child tax credit
for dependent care credit
for earned income credit
of noncustodial parent
rule for divorced or separated parents
special exemption for unmarried cohabitant’s child
relationship test for claiming an exemption
reporting child’s income on parent’s return
reporting parent’s income on child’s return
Social Security benefits paid on behalf of
Social Security numbers for
unmarried cohabitant’s child, special exemption for
U.S. Savings Bonds bought in name of
wages paid to
Child support
court-ordered distributions of retirement benefits
defaulted payments not basis for bad debt deduction
not considered alimony
Child tax credit
Chinese corrosive drywall
Chronically ill
Church employees, annuities for
Circulation expenses, alternative minimum tax and
Citizenship
loss of, expatriation tax for
or resident test for dependents
renouncing, tax rules for U.S. citizens
Civic leagues, nondeductible contributions to
Clear business setting test for dining and entertainment expenses
Clergy, rental allowance for
Clients and customers
business gift deductions
entertainment expenses for
Closely held corporations
Closing costs for buying home
Clothing, used, donating
Club dues
COBRA coverage
Coins
restrictions on investments in
sale of
tax-free exchanges of
College courses, out-of-town trips
Combat
pay
-related injury or illness, disability payments for
zone, service in
Commercial buildings, deducting energy-efficient standards
Commissions
executor’s and trustee’s
paid to collect rentals
as taxable income
Commodities, holding period for
Commodity Credit Corporation loans, withholding on payment
Common law marriage, filing status and
Common stock, dividends on
Community development corporations, credit for
Community income
Community property rules
death of spouse and
divorce or separation and
innocent spouse rules and
lump-sum distributions from retirement plans and
for military personnel
moving to and from community property
separate property and
supporting a dependent with separate income and
Commuting expenses
Commuting expenses, under unsafe circumstances, car service or taxi fare for employees
Company plane
Company products, discounts on
Company stock
dividend reinvestment in
selling back to employer, taxable as ordinary income
Compensated Work Therapy Program (CWT)
Computer
deducting depreciation of
deduction for
depreciation on
like class exchange
subject to 2% AGI floor
Condemnation
award, cost of replacement property and postponed gain from
gain from
grant of an easement under
of property, as involuntary conversion qualifying for tax deferral
Condition of employment, for employer-furnished lodging
Condominiums
deductions on
as principal residence
Constant yield method
Construction
fault, as casualty loss deduction
home
long-term contracts, accounting for
as qualified production activity
real estate, taxes and
to residence, figuring gain or loss on sale of
Constructive receipt rule
Constructive sales of appreciated financial positions
Consultants
Contingent legal fees
paid out of taxable awards
salary or wage income (compensation)
tax on
Contingent payment sales
Continuing care facilities
Contract cancellations
Contract price
CONUS federal travel rates
CONUS meals and incidental expenses
Convenience of employer test, employer-furnished meals or lodging
Convention, for MACRS
Convention travel
conventions and seminars, deducting expenses of
delegate to charitable or veterans’ convention
foreign conventions and cruises
medical conferences
nondeductible
outside North American area, deducting expenses at
Conversion of traditional IRA to Roth IRA
Conversion transaction, capital gain restricted on
Convertible securities (stocks and bonds)
Cooperative housing unit
basis for gain or loss
deductions on
depreciation on
home office in
residence ownership requirement
Copiers
Copyrights
amortizing
depreciation of costs over life of
Corporate dividends, qualified, taxed at favorable capital gains rates
Corporate misconduct, stock devaluation due to
Corporation
benefits to shareholder-employee
closely held
passive activity rules
tax-free exchanges with
controlling interest, buying
earnings and profits of
foreign, dividends from
form of doing business
organizational costs
reorganizations or mergers, exchanging market discount bonds in
tax-free exchanges of stock
Corrosive drywall
Cosmetic surgery
Cost basis
Cost depletion
Cost less depreciation method
Coupon bonds
Coverdell Education Savings Accounts
death benefits
education tax credits, effect on
student loan interest deduction
tuition and fees deductions
Credit card
debt cancellation of, report as income
fees for tax preparation or paying, deductible
insurance payments, taxable
paying taxes with
statements and receipts, as record
Crop damage payments, withholding on payment
Cruise ships
business trips on
conventions on, deductions for
Custodial accounts for minors
Custodial parent
dependent care credit rules for separated couples
special rule for claiming exemption for child
D
Damages, legal
Day care center/services
dependent care credit and
employer-provided, tax-free exclusion
home used to provide
DB(k) hybrid retirement plan for small employers
Deadlines
donation receipts
equitable relief, request for
estimated tax installments
filing returns
gains on publicly traded securities
Keogh plans
nominee distribution, joint accounts
recharacterization
Roth IRA
SEPs
SIMPLE IRAs
W-2 distribution
Dealer in commodities, options, and securities, self-employment tax rules for
Dealer sales, installment plan
Death
of Armed Forces personnel
of dependent
of investor in a passive interest
Death of dependent, claiming exemption
Death of spouse
in 2011 or 2010, qualifying widow(er) rates
in 2012
claiming any unused loss carryover
community property rules and
estimated taxes
exemption claim
filing new Form W-4
prior to 2010
before sale of home
Death taxes, state-level
Debt obligations
Debts
business real estate, restructuring
cancellation of
cancellation of debts you owe, as taxable income
credit card, cancellation of, reporting as income
mortgage debt
nonrecourse, upon foreclosure or repossession
owed to you, interest income on
partnerships
S corporation
Decedent (deceased person)
capital loss carryover and
distribution of Roth IRAs to beneficiaries
filing returns for
final return of
income in respect of a decedent (IRD)
inherited property, repeal of estate tax in 2010
joint tenancy basis rules for surviving tenants
medical expenses of
partnership income
promptly closing estate
refund due to
reporting income of deceased spouse
survivors of workers abroad returning to U.S.
transfer of installment notes
transfer of savings bond
Declining balance method
Deduction equivalent of a credit
Deductions
accelerating
of deceased person
domestic production activities deduction
first-year expensing
from gross income
mortgage insurance premiums
rental
subject to recapture
Deep-in-the-money option
Deferral of salary-reduction, limit on
Deferred compensation plans
Deferred exchange distinguished from a reverse exchange
Deferred payment sales, minimum interest
Defined-benefit Keogh plan
Defined benefit plans
Defined-contribution plans
Degree test, for scholarships, fellowships, and grants
De minimis
employee achievement awards
fringe benefits
meal charges by employer
parking provided by employer
Dental services, deductible medical expenses
Departure permit for aliens leaving U.S.
Dependent(s)
care credit for
citizenship or resident test for
claiming as, on someone else’s tax return
court-ordered distributions of retirement benefits to
determining status
disabled, advance payment for lifetime care
earmarking support to one
exemptions, claiming as
age or student test for qualifying children
of divorced or separated parents, special rule
spouse or former spouse
unrelated or distantly related dependents living with you
filing jointly with another, unable to claim exemption for
filing tests for returns
gross income limit test for
group-term life insurance for, employer-paid
head of household tests and
household with several
medical expense deductions of
separate returns and
Social Security number for
Social Security number of, reporting
standard deduction for
student loan interest deduction
travel expenses of
tuition and fees deduction
Dependent care benefits
Dependent care credit
care of qualifying persons
earned income test for
expenses qualifying for
limits on
qualifying for
for separated couples
Dependent care flexible spending arrangements (FSAs)
Depletion deduction
alternative minimum tax, subject to
oil and gas percentage
properties subject to
Depreciable property
classes of
sales to related party
Depreciation
adjusted basis and
alternative minimum tax (AMT) and
assets in service before 1987
basis for
bonus depreciation for property, basis reduction for
claiming on tax return
of computers and other listed property
convention rules affecting
on converting home to rental property
on cooperative apartments
deducting on Schedule C
first-year expensing deduction
on gift property, basis for
home office
household items, cost less depreciation method for
key to reporting income and loss
MACRS recovery periods and rates for
property, nonresidential, deductibility of
property, sale of
property, types of
real estate, placed in service after 1980 and before 1987
recapture of
of rental building
reporting business income
straight-line
tables
Determination date of September 30 for beneficiary of inherited IRA
Differential wages paid to workers joining military
Diplomats, exempt from permit requirement
Directly related dining and entertainment
Disabled
access credit
armed forces, extended statute of limitations for
armed forces, retirement pay
business expenses deductions
of dependent, advance payment for lifetime care
disability before minimum retirement age, employee annuity and
earned income credit (EIC) and
exception to IRA early-withdrawal penalty
gross income test for dependents
home improvements as medical expenses
impairment-related work expenses
medical expenses for
nurses’ wages
pensions
schooling
spouse, dependent care credit
student, gross income test for
tax credit for
waiver of estimated tax penalty
Disaster, federal
deducting casualty loss
extra standard deduction, claiming
FEMA disaster mitigation grants not taxable
figuring loss on Form 4684
losses
net operating losses
personal-use property losses, floors for
qualifying replacement property
relief loans
replacement property, defer gain by
sale of land underlying destroyed residence of second home
unemployment assistance
Disaster Relief Act
Disclosure statement from charity
Discount(s)
bonds
on company products or services, as fringe benefit
on short-term obligations
Disposition
of amortizable Section 197 intangible
of installment notes
Dispossessing tenants, legal expenses for
Disqualifying income, earned income credit and
Distance test
Dividends
capital gain
corporate, taxed at favorable capital gain rates
earnings and profits of corporation and
in kind
life insurance policy
mutual fund
nominee
paid in property
partnership
qualified, tax calculation for
qualified corporate dividends
qualifying, earning
real estate investment trusts (REITs)
reporting
S corporation
Divorce (divorced persons; ex-spouses)
children of, claiming as exemption
COBRA health coverage and
court-ordered distributions of retirement benefits
decree required for alimony
dependent care credit rules for
equitable relief
ex parte divorce
filing status of
Form W-4
head of household status
home sales after
IRA, division of
IRA, transfer of
joint return
community property rules
separate liability election
kiddie tax and
lump-sum distribution received by former spouse may be eligible for tax-free rollover or special averaging treatment
medical expense deductions and
property transfers between spouse and ex-spouse
-related redemptions of stock in closely held corporation
rollover of distribution of former spouse’s retirement benefits
special rule for claiming exemption for child
spouse, exemption for
tax-free exchanges and
Dollar for dollar of debt discharge
Domestic help, nondeductible moving expenses of
Domestic production activities deduction
Domicile vs. residence
Drilling
alternative minimum tax and
expense prepayments
Drought damage
Drug costs, deductible versus nondeductible
Drywall, corrosive
Dual citizens, expatriation tax for
Dual status aliens
Dues
for armed forces personnel
for clubs, as entertainment expense
as deductions
to professional associations, as fringe benefit
E
Earned income
for a deductible IRA
standard deduction for
Earned income credit (EIC)
children qualifying for claiming
claiming
for household employees
income tests for
independent care credit, test for
qualifying tests for
reducing tax liability
tables
Easements, granting of
Eating facilities for employees, as de minimis fringe benefit
Educational courses, out-of-town college trips
Educational institutions
annuities for employees of
employees of, tuition reductions for
lodging provided by
Education costs
assistance plans as fringe benefit
business deductions
courses not leading to qualification for new profession
deductions affected by excludable
degree program
employer-financed undergraduate and graduate courses
job-skill improvement, deducting
law school costs, deductibility of
MBA courses
medical school courses
professional courses, nondeductibility of
qualified loans and expenses
required by employer
self-employed business owner or professional
Series EE bonds used to pay for
as support item
of teachers
transportation to take courses
trips for educational purposes
work-related tests for
Education tax benefits
education tax credits
for employees’ children
Fulbright awards
Hope (American Opportunity) credit
Lifetime learning credit
Qualified Tuition Programs (QTPs)
scholarships and grants
student loan interest deduction
tuition and fees deduction
tuition reductions for college employees
U.S. Saving Bond tuition plans
work-related education expenses
Educator expenses
deductions
as support test for claiming relative as exemption
tuition and fees
Elective deferral limits to retirement plans
Elective deferral limits to retirement plans, reported on Form W-2
Electricity production credit
Electronic Federal Tax Payment System (EFTPS)
Electronic payment of estimated tax payments
Embezzlement losses
Emotional distress
Employees
39-week test for moving expenses
achievement awards, as fringe benefit
annuities for
awards
bonuses for
children, educational benefits for
definition of household employee
of educational institutions
eligibility for SIMPLE IRA
ESPPS (Employee stock purchase plans)
housing costs and foreign earned income
leave-sharing plans
meals and incidental expenses
on medical or family leave
over age 70½, minimum distribution from employer retirement benefits
pension distribution to
related to employer, IRS per diem rules for
retirement plan contributions for your
with self-employed enterprise on the side
with sideline business
Stock Appreciation Rights (SARs)
stock options, holding period for
stock purchase plans (ESPPs)
wages to
work-related education expenses
wrongful termination, damages for
Employer identification number
Employers
401(k) plan coverage, automatic
allowance for uniforms and work clothes
contribution limits to Archer MSA
credit for FICA on tips
dependent care assistance
dependent care financed by, credit base reduced by
education plans financed by
gifts from
groceries furnished by
group life insurance
more than one, withholding allowances
reimbursement plans, automobile expenses
reimbursement plans, tax treatment of
retirement plan, active participation in
retirement plan, advice
retirement plan, intended contribution to
securities, distribution of
tangible personal property award from
withholding on retirement distributions
Employment agency fees
Employment discrimination cases, contingency-fee portion of taxable award
Employment suits, legal costs for
Endowment policies
Energy efficiency improvements, expiration of credit for
Energy-efficient standards for commercial buildings, deducting
Energy tax credits for residential property
Engineers
material participation tests
travel costs
Enters with/leaves with approach of reporting gambling wins and losses
Entertainment and meal expenses
50% cost limitation and exceptions on
50% deduction limit
automobile mileage allowances
business gift deductions
charitable contributions
club dues
directly related test
entertainment and business discussions
goodwill entertaining
home entertaining
hotel room charge, allocation of
maintaining and operating facilities, costs of
per diem travel allowance
personal share of expenses
for professionals, nondeductibility of meals
record-keeping requirements
reimbursement allocation
reimbursement plans
repayment of disallowed
reporting, where you are not reimbursed
restrictive tests
Schedule C, filing
self-employed professionals
skybox rental costs
spouse’s share of expenses
Entertainment facilities
Entrance fees, continuing care facilities
Equipment
business
business, first-year expensing deduction
for home improvements as medical expenses
in service before 1987, straight-line recovery for
Equitable relief
Escrow
earnings, exempt from imputed interest rules
installment reporting on
settlement fees
Estate
as beneficiary of IRA
consistent reporting by beneficiaries of
dividends paid by
fair market value, assessing
insolvency, concern about
inventory of potential estate, taking
lump-sum distributions from retirement plans to
periodic review of estate plans
prompt closing of decedent’s (deceased person’s)
replacement of property by
reporting of income by beneficiaries
valuing potential
Estate tax
custodial account, treatment of
deductions for income subject to
defining
estate tax basics
generation-skipping transfers, repeal of
legal costs of planning services
lifetime gift tax credit and exemption
marital deduction
portability election
reducing or eliminating
repeal of estate tax in 2010
U.S. Savings Bonds and
Estimated taxes
90% current-year test
adjusting payments during the year
annualized income method
computing your tax liability
crediting refund to future estimated taxes
deadlines for paying
farmers or fishermen
for household employees
married couple
paying by credit card or electronically
penalties
reducing by expected withholdings
safe harbor for 2013 based on 2012 tax
for self-employed persons
of surviving spouse who had filed jointly
tax forms to file
underpayment
withholdings
Exchange accommodation titleholder (EAT)
Exchanges, taxable, unadjusted basis of property received in
Exchanges, tax-free
annuity contracts
boot
boot payable in installments
to closely held corporations
foreign real estate
insurance policies
intangible personal property and goodwill
joint ownership interests
like-kind property
multiple properties
partnership interests
personal property held for business or investment
property received after July 18, 1984, disallowance of
real estate
related parties, exchanges between
reporting
security arrangements
spouses or ex-spouses, exchanges between
stock, exchanges of, in same corporation
time limits
unadjusted basis
Exchange-Traded Funds (ETFs)
Excise taxes, on motor vehicles purchased new in 2011, deduction for tax paid in 2012
Exclusion ($250,000/$500,000) from income on sale of principal residence
adjusted basis, figuring
gain or loss, figuring
meeting ownership and use tests
personal and business use of a home
principal residence, avoiding tax on sale of
reduced maximum exclusion, qualifying for
Ex-dividend date, stock dividends and
Executives
business-vacation trips outside United States
job expenses, unusual
restricted stock for
stock options for
Executor or administrator
Executor or trustee, commissions of, waiver of
Exemption
AMT and
children who qualify for
citizenship or resident test for dependents
for dependents
of divorced or separated parents, special rule
examples of allocating support
on final return
gross income limit test for qualifying relatives
increasing withholding
lodging and food as support items
multiple support agreements
for parents
personal, not subject to phaseout for 2012
phaseout of
portability of estate tax
relationship tests
relatives who qualify for
for spouse
for students under age of 24
support test for
Exempt-person exception to 183-day test for aliens
Exercise programs
Expatriates, and tax on residence sale
Expatriation tax
Extensions, filing
Armed Forces personnel
foreign earned income exclusion
F
Faculty
educator expenses
school-provided lodging for
Fair market value
of assets, liabilities exceeding
of community property upon death of spouse
deduction for charging below
of donated property
fair market rental price
of home before converting to rental property
of property as wages
Fake claims, taxable medical reimbursements for
Family
bad debts
disallowed loss on sales to
financing of residence
oil and gas percentage depletion
for reduced maximum exclusion of sale of principal residence
sales of land within
traveling along on business
Family and Medical Leave Act (FMLA)
Family income planning
gift planning
life insurance
Family income rider policy
Family leave, employees on
Family-owned business interest deduction
Farmers
debts
depreciable tangible business property
depreciation of property
disabled
estimated taxes
expenses
fuel-related credits
income averaging
income or loss
installment sales of property
interest tax and farm property
involuntary conversions
materially participation tests
nondeductible losses
passive tax-shelter farm losses
qualified conservation contribution, increased ceilings for
retired
tax-shelter, alternative minimum tax and
tax-shelter, prohibition on use of farming losses as
Fax machines
Federal employees
deferred pay plans for
living costs on temporary assignment
Federal Home Loan Mortgage Corporation
Federal Housing Administration
Federally guaranteed obligations
Federal subsidy recapture
Federal tax withholdings, key to form W-2
Federal Thrift Savings Fund
Federal trade readjustment allowances
FEMA (Federal Emergency Management Agency) disaster mitigation payments not taxable
FICA tax
employer credit for, on tips
for household employees
withholdings
Filing returns
basics
for children
deadlines
deceased persons
dependents, filing tests for
estimating kiddie tax in case of late filing
forms, choosing which to file
as head of household
incompetent person
IRS’s Electronic Federal Payment System (EFTPS)
where to file
who has to file
Filing status
determining status
tax rates based on
Filmmakers, production costs of
Finding new job expenses, deductions for
Fire department, donation of house to
First-in, first-out basis method (FIFO)
First job search
First-time homebuyer
120-day rollover period for buying, building, or rebuilding a principal res
credit
expenses exception to IRA early-withdrawal penalty
repayment of credit
First-year expensing (Section 179 deduction)
adjusted basis and
deductions
partnership elections
proposed doubling of expensing limit for 2011 and 2012
qualified leasehold, restaurant, and retail improvements
rules
Fiscal year
for deductions after disaster losses
for paying estimated tax installments
for self-employed persons
Fisherman
estimated tax
income averaging for
Fishing business, IRS definition of
Fishing trips, business-related
Fixed and variable rate allowance (FAVR)
Fixed period, contingent payment sales
Flexible spending arrangement (FSA)
Floors for personal-use property losses
Food
groceries, employer-furnished
special, as medical costs
as support item
Food and beverage establishments, employer-paid taxes on tips received by employees
Foods, special
Foreclosure or repossession
buyer of
figuring gain or loss
on mortgages other than purchase money
reporting sale of
as sale of property to creditors
sale to third party
taxes from sale
Foreign child, claiming adoption credit for
Foreign countries
business-vacation trips in
children born in, exemptions for
exchanges of U.S. real estate for real estate in
subject to travel restrictions
tax treaties with
Foreign currency
Foreign earned income
claiming deductions
claiming exclusion
countries not considered foreign
EIC credit, unable to take
employer-provided camp
foreign tax credit
housing and meal costs
overview
Puerto Rico residents
tax worksheet
test to qualify for exclusion
Foreign financial accounts, penalties for not reporting
Foreign governments
aliens working in U.S. for
confiscations by
Foreign investments, dividends from
Foreign service officers
compulsory home leave
disability pensions for
residence, suspending five-year ownership and use period
Foreign tax credit
Forfeiture, substantial risk of
Form, choosing correct
Form 706
Form 940 and 940-EZ
Form 941
Form 982
Form 1040
Form 1040A
Form 1040-C
Form 1040-ES
Form 1040EZ
Form 1040NR
Form 1040NR-EZ
Form 1040X
Form 1041
Form 1041-ES
Form 1045
Form 1065
Form 1066
Form 1096
Form 1098
Form 1098-C
Form 1098-T
Form 1099
Form 1099-A
Form 1099-B
Form 1099-C
Form 1099-DIV
Form 1099-H
Form 1099-INT
Form 1099-LTC
Form 1099-MISC
Form 1099-OID
Form 1099-Q
Form 1099-R
Form 1099-S
Form 1116
Form 1120
Form 1120-S
Form 1128
Form 1310
Form 2063
Form 2106
Form 2106-EZ
Form 2120
Form 2210
Form 2210-F
Form 2350
Form 2439
Form 2441 (Child and Dependent Care Expenses)
Form 2555
Form 2555-EZ
Form 2848
Form 3115
Form 3468
Form 3800
Form 3903
Form 4070
Form 4136
Form 4137
Form 4255
Form 4562 (Depreciation and Amortization)
Form 4563
Form 4684 (Casualties and Theft)
Form 4797
Form 4835, Form 8582 and
Form 4952 (Investment Interest Expense Deduction)
Form 4972
Form 5213
Form 5265
Form 5265-A
Form 5304-SIMPLE
Form 5305-SEP
Form 5305-SIMPLE
Form 5329
Form 5405
Form 5498-SA
Form 5500
Form 5500-EZ
Form 5695 (Residential Energy Costs)
Form 5754
Form 5884
Form 5884-B
Form 6198
Form 6251 (Alternative Minimum Tax-Individuals)
Form 6252
Form 6765
Form 6781
Form 8282
Form 8283
Form 8300
Form 8308
Form 8332
Form 8396
Form 8582
Form 8582-CR
Form 8586
Form 8606
Form 8609
Form 8615 (Tax for Children Under Age 14 With Investment Income of More Than $1,500)
Form 8752
Form 8801
Form 8810
Form 8812
Form 8814
Form 8815
Form 8820
Form 8824
Form 8826
Form 8828
Form 8829 (Expenses for Business Use of Your Home)
Form 8835
Form 8839
Form 8840
Form 8843
Form 8845
Form 8846
Form 8847
Form 8853
Form 8854
Form 8857
Form 8859
Form 8863 (Education Credits/Hope and Lifetime Learning Credits)
Form 8864
Form 8874
Form 8880
Form 8881
Form 8882
Form 8885
Form 8889
Form 8896
Form 8898
Form 8900
Form 8901
Form 8903
Form 8910 (Alternative Motor Vehicle Credit)
Form 8912
Form 8917
Form 8936
Form 8941
Form 8949
Form I-9
Form SS-4
Form SS-5
Form SSA-1099
Form SSA-7004
Form TDF 90-22.1
Form W-2
key to
sample form
Form W-2G
Form W-3
Form W-4
Form W-4P
Form W-4S
Form W-4V
Form W-7 and W-7A
Form W-9
Form W-10
Fortune tellers
Foster children
child tax credit for
claiming support costs exceeding reimbursements
earned income credit (EIC) and
tests for claiming exemptions
Foundations, private non-operating, donating to
Fractional shares
Franchises, Section 197
Fraternal organizations
Fraud, theft losses due to
Freedom Shares
Freelancer fees
Frequency of exclusion, of sale of principal residence
Fringe benefits
adoption benefits as
automobile benefits, taxable
cafeteria plans
company services provided at no additional cost
day care as
de minimis
dependent care assistance
discounts on company products or services
education assistance plans
employee achievement awards
flexible spending arrangements (FSAs)
foreign earned income and
group-term life insurance premiums
health and accident plans
key to
meals or lodging
minister’s allowance
tax-free
working condition
Frozen deposits, interest on
Fuel cell property, residential energy credit for
Fuel credit
Fulbright awards and grants
Fund-raiser, hosting
Funeral expenses, not a support item
Furniture
depreciate business property
donating
sale of
FUTA (federal unemployment taxes), for household employees
Futures contracts, gain or loss on
“F” visa
G
Gain(s)
capital, tax calculation for
damaged property, sale of
deferring, by replacing property
home sale, reporting
from insurance reimbursements
from mutual funds
net tax rate on
rates
restricted on conversion transactions
Section 1256 contracts
on subdivided land sales
Gamblers, professional
Gambling winnings and losses
Gasoline taxes, deductibility of
Gay and lesbian companion, not treated as spouse under health and accident plans for
Gender reassignment surgery (sex change operation), cost not deductible
General Asset Classes “like” class
General business credit
General Depreciation System (GDS)
deprecation tables
MACRS depreciation
MACRS recovery periods
Generally related test, for dining and entertainment expenses
General sales taxes
General Services Administration (GSA), IRS meal allowance and
Geothermal heat pumps for residential property, tax credit for
G.I. Bill education assistance, support test for exemption
Gift(s)
appreciated property
basis of property received as
to business customers
from employers, tax free
from expatriates
gross income and
holding period for
of home, sale of
loans as
nontaxable
of passive activity interest
prizes and awards
of residence, loss on sale of
sale of stock received as
of Series E or EE bonds
sponsorship gift, to life-care retirement facility
strike and lockout benefits as
taxable gifts
you make and receive
Gift certificates as employee achievement awards
Gift tax
basics
basis of property received as gift and
credit
custodial account
filing a return
lifetime gift tax credit and exemption
to qualified tuition programs, consequences
taxable gifts
unified gift and estate tax rates
Girl Scouts, deductible contributions to
Going-concern value, Section 197
Golden parachute payments
Goodwill
amortization of
entertaining
exchanges of
Government agencies, penalties or fines to
Government benefits
support test for claiming qualifying relatives as exemption
withholding on payment
Government employees, deferred pay plans for
Government National Mortgage Corporation
Graduate courses, assistance for
Graduated payment mortgages
Grandchildren, claiming as exemption
Grandparent, as dependent relative
Grantor trust rules
Groceries, employer-furnished
Gross income
Gross profit
Gross receipts
Ground rent arrangement
Group health plans, employer’s
Group-term life insurance
premiums
tax-free to employee
Guam
Guardian, of incompetent person
Gulf Opportunity (GO) Zone
H
Half-year convention for depreciation deduction
MACRS
straight-line rate
Handicapped persons, job expenses not subject to 2% AGI floor
Hardship, waiver of estimated tax penalty due to
Hawaii, IRS meal allowance for travel in
Hazardous duty area, military in
Head of household
advantages of filing as
AMT exemptions for 2012
child as
claiming deductions
determining
figuring recoveries of itemized deductions
filing as
housing, separate
phaseout of child tax credit
qualifying tests
standard deduction if 65 or older or blind
tax rates
temporary absences and
unmarried, filing as
Health and accident plans, employer’s continuing coverage for group health plans (COBRA coverage)
employer contribution to Archer MSA
flexible spending arrangements
payments may be tax free
Healthcare flexible spending arrangements (FSAs)
Healthcare professionals, exclusion for student loan forgiveness
Healthcare reform legislation in 2010
Health facilities, payment to, as support item
Health insurance
key to reporting income and loss
paid by S Corporation
premiums
self-employed deduction
Health professional, material participation tests for
Health Reimbursement Arrangement (HRA)
Health savings account (HSA)
Archer MSA being replaced by
deduction for
distributions from
employer contributions to, W-2 form and
excise tax
inherited
IRA transfer from, one-time
limits on contributions
maximum annual contribution for employees
tax-free distributions from
Hedging transactions, not subject to straddle tax rules
Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART)
High-deductible health plan (HDHP)
Higher education expenses, exception to IRA early-withdrawal penalty
Highly compensated employees
company services provided at no additional cost to
eating facility for
employer-provided retirement advice
medical expenses, reimbursements from employer plan
salary deferrals for
High tax bracket taxpayers
higher tax rates, possibility of
reporting deferred income from a 2011 conversion to 2012 and 2013
Historic house easement after claiming rehab credit, donating
Historic structure, certified
Hobby business, deducting expenses
Holding period, capital gain or loss
for convertible stocks and bonds
gifts
inherited property
involuntary conversions
partnership property
rates and
real estate transactions
rules for counting holding period
securities transactions
wash sales
Holocaust restitution payments
Home (house; principal residence)
$250,000/$500,000 exclusion
bought for resale, loss allowed on
business use of
converted to rental property
depreciation on
holding period for
destroyed or condemned
energy efficiency improvements, expiration of credit for
fair rental value of, as support item
first-time homebuyer credit
head of household costs
improvements as medical expenses
inherited residence, sale of
involuntary conversion of
loans for acquisition
loans for construction and improvement
meeting ownership and use tests
nondeductible expenses of selling, purchasing, or leasing old or new residence
partially rented home
personal use of
purchase of, repayment of 2008 or 2009 credit
purchase of, under tax deferral rule, unadjusted basis of
renting
allocation of expenses of residence to rental days
to close relatives
Roth IRA distribution for first-time homebuyer expenses
sale of, at a loss
sale of, due to illness or unforeseen circumstances
sale of, figuring gain or loss
sale of, reducing maximum exclusion
sales by married persons
second home or vacation home
selling at a loss
reimbursement for
settlement fees
Home entertaining
Home equity debt
Home improvements
energy tax credit
examples of, when figuring adjusted basis in home
loans for
as medical expenses
record-keeping
Home office
allocating expenses to business use
business use of
deductions from employee
investor’s
key to reporting income and loss
landlord’s unit, depreciation on
multiple use of
nonqualified use as deemed by IRS
reporting business income
residential property, consideration as
separate structure
sideline business, deducting expenses
telephone costs
Homeowner’s associations, assessments by
Hope/American Opportunity credit
Hospitality rooms, as business expense
Hospitals, operated for profit, nondeductible contributions to
Hospital services, deductible medical expenses
Hotel/motel/inn exception to reporting rental income and expenses
Hotel room charge, allocating between meals, entertainment and lodging
Houseboat as principal residence
Household employees
check state requirements
expenses qualifying for dependent care credit
federal unemployment taxes (FUTA) for
FICA withholdings on wages paid to
identifying
paying and withholding taxes for
Social Security and Medicare taxes (FICA) for
travel costs incurred by, nondeductible expense
Household expenses
nondeductible casualty or theft losses of items
as support item
Housekeeper, withholding tax for
Housing as job requirement
Housing costs, foreign earned income exclusion and
Hunting trips, business-related
Hurricane Katrina
replacement property
replacement property, time period for buying
sale of land underlying destroyed principal residence or second home
Hybrid vehicle
I
I bonds
Impairment-related job expenses
Improvements, rental income and
Imputed interest
Incentive stock option (ISO)
alternative minimum tax and
for executives
legislative relief
Incidental expenses
due to casualty or theft
IRS standard meal allowance
Income
accelerating, to avoid AMT
aliens (resident and nonresident) subject to taxation, aliens
averaging, farmers
bankruptcy laws, debt cancellations under
business, deferring
damages and debt cancellation
deferring
disposition of, suspended losses allowed on
income in respect of a decedent (IRD)
from investment
life insurance proceeds
partnerships
phaseout limits
prizes, lottery and gambling winnings
protecting against excess donations
recovered deductions
S corporation shareholders
splitting
state and local tax refunds
tax, withheld on wages
tax-free, earning
withholding allowances
Income in respect of a decedent (IRD)
Incompetent persons, filing a return for
Independent contractor
backup withholding
parking benefits provided by employer
payments to
Section 409A, plans subject to
tax rules for restricted property
Index options
Indian employment credit
Indian tribal government, gift to
Individual retirement account (IRA)
60-day rollover deadline
conversion of traditional to Roth
reporting deferred income from 2010 conversions
credit for contributing to
deducting from gross income
direct transfer from IRA to charity
direct transfers from one IRA to another
divorce, division of IRA in
earnings as basis for traditional IRA contributions
exception to early-withdrawal penalty
investing in, as tax-free income
IRS seizure of, as distribution
key to
life expectancy method
loans from, 60-day loan
married couples
model custodial account agreement
model trust
nondeductible contributions
nonspouse beneficiary rollover
penalties for withdrawals before age 59½
penalty for excess contributions to
post-death distribution rules to beneficiaries
recharacterization and reconversions
replacement property, giving IRS notice of
replacement shares, buying through IRA
retirement plan participants, active participation in
retirement savings contributions credit
rollovers
Roth IRAs
Roth versus deductible
self-directed, investment restrictions for
self-employed contributions
SIMPLE IRAs
Simplified Employee Pension Plans (SEPs)
starting a traditional
tax forms to file
tax-free rollovers to
traditional
beneficiary’s death before September 30 determination date
combat pay, tax-free, contribution based on
contributing same year to Roth IRA and
contributions, after end of taxable year
deduction
deemed IRA, by employer
direct transfers to
distributions allocable to nondeductible contributions
estate as beneficiary
figuring minimum required distributions
figuring the taxable portion of a
inherited
loan treated as distribution
mandatory distributions after age 70½
multiple beneficiaries, splitting account among
ordinary income, taxed as
owner’s death
required minimum distribution
restrictions
rollovers
Roth IRA, converting to
spousal beneficiaries, exemptions from pre-age 59½ penalty
spouses, younger, exception for minimum distribution
starting and contributing to
surviving spouse as sole beneficiary
taking money out of
taxable distributions from
tax-free transfers from IRA to charity
transfer to spouse at divorce
trust as beneficiary
Uniform Lifetime Table for distribution from traditional IRA
types of traditional
withdrawals from
before age 59½
nondeductible contributions
withholding taxes on
working for spouse
Individual’s note, obligations on
Infant formula
Information base, Section 197
Inheritance (inherited property)
basis of
holding period for
IRAs, traditional
nontaxable versus taxable
Inherited residence, loss on sale of
Injury or illness
combat-related, disability payments for
permanent physical injuries, tax-free payments for
In-laws, relationship test for claiming an exemption
Innocent spouse rules
avoiding liability with
community property rules and
deadline for election
Form 8857
joint vs. separate returns and
qualifying tests for election
for understated joint return
Installment notes, donating to qualified philanthropy
Installment obligations, disposition of
Installment payments of lottery, sweepstakes, and casino winnings
Installment sale
about installment method
alternative minimum tax and
deferring income
mutual fund dividends
of passive activity interest
release of restrictive covenants
reporting
S corporation stock
Small Business Investment Company (SBIC) stock
stock received as dividend or in a stock split
on subdivided land sales
tax advantage of
Insubstantial value test
Insulin, deduction for
Insurance
deducting on Schedule C
excess living costs paid by
failure to make claim
group life
malpractice
mortgage, premiums
plans
policies, tax-free exchanges of
reimbursements
split-dollar
Insurance agents, advances against unearned commissions
Insurance proceeds
disaster losses
taxable
tax-free
Intangible assets
amortization for
drilling costs
licensing of
not Section 197 intangibles
personal property
like-kind exchanges of
passive activity rules
Intellectual property, donating
Intelligence officers, ownership and use test
Interest (income)
bonds bought or sold
on debts owed you
on deferred payment sales
deferring
forfeiture of interest on premature withdrawals
on frozen accounts
installment sale of
on loans
marital property settlements
on qualified private activity bonds
reporting
on seller-financed sales
on state and local obligations
tax, how to report
tax-exempt
on Treasury securities
on U.S. Savings Bonds
Interest (paid or owed)
borrowed funds, using to pay
Build America, credit for interest
business tax deficiency, deducting on Schedule C
cooperative and condominium apartments
deduction, timing of
deductions on, market discount bonds, deferral of deduction on borrowing to buy
expenses, land investor and deal
frozen accounts
home mortgage loans
investment loans
passive activities and
premature fund withdrawals, forfeiture of interest on
prepaid, on loans
short-term obligations, borrowing to buy
Treasury bills, interest on loans used to buy
Internal Revenue Service (IRS)
annuity contracts, scrutiny of partial exchanges of
audits by
business activities, classification
educational grants guidelines
Electronic Federal Payment System (EFTPS)
interest abatement
levy, involuntary distributions as exception to early distribution penalty
material participation tests
mileage rate
nonqualified deferred compensation, guidelines for
points reported to
reporting nonexempt retirement plans
reporting transfers of interest to
review of W-4 form
seizure of IRA as distribution
standard allowances
where to file
International organizations, employees of
Inter vivos trusts
In-the-money call option
Intrinsic value
Inventory(-ies)
accrual basis for
business, charitable donation of
control systems, Section 197 intangible
in home office
losses
Investment
in the contract
credit
expenses, alternative minimum tax and
expenses, deductible, checklist of
income, of nonresident aliens
interest
loans
loss, due to band deposit loss
property, in disaster area
in tax-exempts
Investor
home office of
reporting royalty income
Involuntary conversion
cost of replacement property as determining postponed gain
deferral rule for
holding period for
how to elect to defer tax
nullifying deferral election on amended return
of personal residence
property acquired with proceeds, unadjusted basis of
qualifying for tax deferral
qualifying replacement property
replacement property, time period for buying
reporting gains from
special assessments and severance damages
taxable gain from
IRS Publication 3
IRS Publication 15
IRS Publication 54
IRS Publication 225
IRS Publication 378
IRS Publication 504
IRS Publication 505
IRS Publication 514
IRS Publication 515
IRS Publication 519
IRS Publication 523
IRS Publication 525
IRS Publication 526
IRS Publication 534
IRS Publication 535
IRS Publication 536
IRS Publication 537
IRS Publication 538
IRS Publication 550
IRS Publication 560
IRS Publication 561
IRS Publication 570
IRS Publication 571
IRS Publication 590
IRS Publication 915
IRS Publication 925
IRS Publication 926
IRS Publication 936
IRS Publication 939
IRS Publication 946
IRS Publication 972
IRS Publication 1212
IRS Publication 1542
IRS Publication 4681
IRS Statement of Value (SOV)
Itemized deductions
alternative minimum tax, subject to
for business
changing from standard deduction to
key to
phaseout of, for 2012
prepaying or postponing deductible expenses
reduction of
separate returns for married couples
standard deduction for figuring recoveries
state taxes
J
J.K. Lasser’s Your Income Tax, deducting cost of
Job
hunting costs
loss of
loss of, health insurance and
related injury or illness, as tax free workers’ compensation
transfers
Job expenses
2% AGI floor, not subject to
2% AGI floor, subject to
deducting, itemized and standard for
for equipment use
job-placement assistance, as working condition fringe benefit
looking for a job
moving to new location
net operating loss
uniforms and work clothes
unusual
Joint accounts
nominee distribution, dividends on
reporting income interest on
Joint filing, standard deduction for figuring recoveries of, itemized deductions
Jointly owned property
claiming casualty and theft loss deduction
home sales
mortgage payment rules
Joint ownership (joint tenancy)
basis rules
of dividends
division of properties
interests
tax-deferral on replacement property made by deceased owner’s estate
Joint returns
$500,000 exclusion of sale of principal residence
AMT exemptions
benefits that require
capital losses and
death of spouse during year
dependents who file
divorced individual
exemption for a dependent and
exemption for spouse and
exemption phaseout and
home sales by married persons
with incompetent persons
innocent spouse rules and
IRA deduction restrictions
limited liability, innocent spouse rule
moving expenses
phaseout of child tax credit
qualified retirement savings contributions
relief from liability on
resident alien, marriage to
revocation of, by executor or administrator
signing
death of spouse during year and
Social Security benefits
spouses’ names and Social Security numbers on
standard deduction if 65 or older or blind
tax liability and
tax rates
U.S. resident, treated as
withholding allowances
Joint tenants
Jury duty
fees
pay turned over to employee
“J” visa
K
Kansas disaster area
replacement property
replacement property, time period for buying
sale of land underlying destroyed residence of second home
Keogh plan
annual return
choosing type of
claiming deductions
contributions, deductible
deadline for setting up
deductions
distributions, how taxed
employees, contributions for
including employees in plan
investing in, as tax-free income
partnership plans and
qualifying for
who may set up
Key employees
cafeteria plans and
company services provided at no additional cost to
eating facility for
education benefit trusts
employer-paid group-term life insurance premiums
gifts from employers
interest deductions for plan loans, not allowed for
salary deferrals
self-employed, required beginning date of distribution
stock gifts to
Key Tax Numbers for 2012, xxix–xxxi
Key to
alimony and marital settlement issues
AMT (alternative minimum tax) rules
business and professional income and loss, reporting
casualty loss, proving
deductible travel and entertainment expenses
Form W-2
fringe benefits
itemized deductions for 2012
mutual-fund distributions, reporting
option terms
standard deductions for 2012
tax-favored retirement plans
Kickbacks
Kickbacks of insurance agent’s commission
Kiddie tax
children not subject to
children subject to
computing on child’s return
computing on parent’s return
filing child’s return
income tax treatment of
parent’s election to report child’s dividends and interests
tax forms to file
zero coupon bond discount
Kidnapped child, residence test for qualifying children
Kidnapping ransom
Know-how, as Section 197 intangible
L
Laboratory examinations and tests, deductible medical expenses
Labor unions, nondeductible contributions to
Lactation supplies, as medical expense
Land
allocation of basis
improvements, MACRS recovery period
nondepreciable
sale of, following disaster
vacant
Landscaping business, depreciable
Laser eye surgery
Late elections (real estate rental activities)
Laundering
while traveling, as business trip deduction
of work clothes and uniforms
Law school costs, deductibility of
Law violation, penalty not deductible
Layoff benefits, repayment of
Leased vehicles for business
Leasehold improvements
Leases
cancellation of
costs of
Section 1231 transaction
tenant’s payment for
ground rent agreement
Leave-sharing plans, employee
Legal damages, taxation
Legal expenses (legal fees)
adjusted basis and
deductibility or nondeductibility of
for dispossessing tenants
of marital settlements
whistleblower award from IRS, costs incurred in obtaining
Legal guardian of an incompetent person, filing of return by
Legal services corporations established under the Legal Services Corporation Act, deductible donations to
Length of service award
Liabilities, transfer of
License fee, automobile
Life expectancy method for payment of traditional IRAs
for annuity schedule payments
off minimum required distribution, traditional IRAs
Life expectancy tables
Life income plans
Life insurance
assignment to avoid estate tax
benefits
dividends on
estate tax planning and
group-term life insurance for dependents
loan on, interest deduction
medical costs of terminally ill
paid-up, conversion of endowment policies to
permanent
selling or surrendering policy
tax-free exchanges of
tax planning with
Life insurance agents, job expenses not subject to 2% AGI floor
Life tenant, real property taxes
Lifetime care
of disabled dependent, advance payment
nursing homes
in retirement community, advance payment
Lifetime Learning Credit
Like-class test
Like-kind exchange of business or investment property
Limited entrepreneurs
hedging losses
passive activity rules, special rule
Limited liability, oil and gas wells
Limited liability company (LLC)
Limited liability partnership (LLP)
Limited partners
material participation and
passive activity rules
potential cash call
rental real estate held by
unable to qualify to set up Keogh Plan
Line of business limitations
Listed property
Living costs
due to casualty or theft
on temporary assignment
Load charges of mutual fund shares
Loans (borrowing)
assumptions of, imputed interest rules
from company retirement plans
disaster loans
exceptions to
gift
home acquisition
home equity
imputed interest rules
interest-free or below-market interest
interest income from
from IRAs
keep separate
minimum interest rules
nongift term
payable on demand
proceeds, earmarking use of
repayment period for uniformed services
student
Lobbying organizations, nondeductible contributions for
Local lodging costs
Lodging
cash allowances for
employer-furnished
expenses, subject to 2% AGI floor
local lodging costs
as medical expenses
as support item
Long-term care
continuing care facilities
insurance, employer health and accident plans and
insurance expenses for self-employed
as medical expense
payment of costs to chronically ill
Loss(es)
selling your home at a loss
straddle losses
Loss disallowance rule
Lottery winnings
Low-income housing credit
Lump-sum distribution from retirement plans
of employer securities
of endowment policy
options if you were born before January 2
payments received by beneficiary
prior rollover caution
rollovers
surviving spouse as beneficiary
M
Maintenance expenses, as rental income deduction
Making Work Pay credit
Malpractice insurance
Margin account with a broker, interest deduction
Marginal production, depletion for
Marital actions
deducting legal fees for recovered taxable damages
key to settlement issues
Marital deduction
Marital status, about
change in, and net operating loss
determined at end of year
Marked-to-market rules for Section 1256 contracts
Market discount bonds
Mark-to-market election for traders
Mark-to-market tax on unrealized gains on expatriation tax
Marriage (married persons)
capital losses of
common law, filing status and
earned income test for dependent care credit
estimated taxes by
home sales
IRAs, spousal
living apart from spouse
marriage penalty
married IRA owners
qualified retirement savings contribution credit
rental real estate business, reporting income and expenses on Schedule C
to resident alien
separate property and
separate residences, $250,000 exclusion limit on sale of
standard deduction for dependents
working in different cities, tax home of
Marriage bonus
Marriage penalty
Material participation tests
IRS tests for
limited partners
personal service and closely held corporations
recharacterization
rental real estate activity
tests
MBA courses, deductibility of
Meal expenses/meal costs
50% cost limitation
cash allowances for
claiming allowance on tax return
costs at nursing home
employer-furnished meals
IRS meal allowance
nondeductible meal costs
overnight-sleep test
overtime meal money as de minimis fringe benefit
per diem travel allowance
Schedule C, filing
Medical exception for resident alien
Medical or dental expenses
alternative minimum tax, adjustments for
care costs qualifying as
checklists of deductible versus nondeductible expenses
for continuing care facilities
deductions
employees on leave
exception to IRA early-withdrawal penalty
flexible spending arrangements (FSAs) and
insurance benefits, not a support item
nondeductible
reduction of, by 7.5% floor
reimbursements for
self-employed and
as support item
travel outside continental United States
Medical treatments, deductible
Medicare Part B Premiums
Medicare tax
additional taxes taking effect in 2013
distribution from health savings account
employer health and accident plans and
high earners, new tax for
key to form W-2
not a support item
premiums of medical care policies
statutory employees
uncollected taxes
withholdings
Mentally disabled, medical expenses for
Mexico, aliens who commute from, 183-day test and
Midwestern disaster area
exemption for housing persons displaced by
Hope/American Opportunity credit
pre-1936 buildings and certified historic structures, higher credit rate for
replacement property, defer gain by
replacement property, time period for buying
sale of land underlying destroyed residence of second home
M&IE rate (meals and incidental expenses)
Mileage rate, by IRS
Mileage test, for moving expenses
Minimum interest rules
Mining costs, alternative minimum tax and
Minister, allowances for
Miscellaneous expense deductions
2% AGI floor
investment expenses
repayment of income received in a prior year
Mobile home as principal residence
Modified accelerated cost recovery system (MACRS)
150% rate election
additions and improvements to property
alternative depreciation system (ADS) vs.
alternative minimum tax and
declining balance methods
depreciable assets under
depreciation rate
half-year convention for
leasehold improvements
mid-quarter convention for
rates
for real estate placed in service after 1986
recapture
recovery periods
straight-line depreciation vs.
table of MACRS depreciation rates
when not allowed
Modified adjusted gross income (MAGI)
American Opportunity Credit
education tax credits
eligibility for deductible higher education expenses
IRA deductions and
Medicare Part B premium based on
phaseout, child tax credit
phaseout, limits to Roth IRA
phaseout, rental real estate loss allowance
student loan interest deduction
Moller decision
Money-market account, deducting fees for check writing
Money orders of $10,000 or less, reporting to IRS
Mormon missionaries, parents’ support payments of children serving as
Mortgage(s)
discounted mortgage repayment
fees not deductible
foreclosure on, other than purchase money
graduated payment
home mortgage loans
increase on loan limit for buying new home, possible
insurance premium deductions
loan modification “workout” and repayment conveyance
payment rules
refinanced loans
repossession after buyer’s default on
repossession on
restriction to student loan interest deduction
restructuring debt
transferring mortgaged realty
wraparound
Mortgage credit certificates, interest on
Mortgaged property, sale of, calculating selling price
Mortgage interest
on adjustable rate
allocating expenses to rental days
AMT and
deductions for
expenses
home acquisition loans
Mortgage subsidy bonds
Motor vehicle registration fees
Moving expenses
39-week employee test
deductibility rules
deducting from gross income
distance test
job, move due to new location
mileage test
for military personnel
nondeductible expenses
not subject to 2% AGI floor
overseas
reimbursements for
tax form to file
Multiple homes, avoiding tax on sale of principal residence
Multiple support agreements
community property rules and
medical expense deductions and
Multi-unit residence, reporting rents from
Municipal bond funds
Musical composition expenses paid or incurred, amortizing
Mutual funds
basis methods, comparison of
basis of shares
capital gain distributions from
capital or ordinary gains and loss from sale of
distributions, reporting
distributions, types of
expenses
foreign tax credit or deduction
gain or loss, figuring
gift, shares received as
holding period of
identifying shares when selling
load charges
redemptions and exchanges of fund shares
reinvestment plans
reporting distributions
tax credits from
tax-exempt securities
timing investment in
“M” visa
N
NAICS (North American Industry Classification System
Nanny tax, employment taxes
National Guard members
National Health Services Corps Scholarship Program
National Health Services Loan Repayment Program
National Housing Act
National Oceanic and Atmosphere Administration
Nephews and nieces, relationship test for claiming an exemption
Net disaster loss, additional standard deductions for
Net investment income
Net operating loss (NOL)
alternative minimum tax and
carryback of losses
carry forward of losses
far-related expenses
figuring for refund of prior taxes
key to reporting income and loss
passive activity limitation and
reporting
New business
courses, not deductible
expenses, looking for a
New hire retention credit
Night school
Nominee distributions
of dividends
joint accounts
original issue discount (OID) reporting
Nonaccountable plans, reimbursements under
Nonaccrual experience method (NAE) for deferring service income
Noncash contributions to charity
Nongift term loans
Nonpassive income and losses rules
Nonperiodic distributions
Nonprofit organizations that qualify for deductible donations
Non-publicly offered mutual funds
Nonqualified deferred compensation plans
Nonqualified plan distributions, key to Form W-2
Nonqualified stock options
Nonrecourse debt
Nonrecourse financing
Nonresident aliens
alimony to
dual status
earned income credit and
income, taxation and
individual taxpayer I.D. number for
proof of eligibility as employee
Social Security benefits received by
spouse
exemption for
filing jointly with
head of household status of
Nonresidential real property
allocating expenses to business use
MACRS real estate depreciation table
pre-1936 buildings
Nonstatutory stock option exercised
North American Industry Classification System (NAICS)
Northern Mariana Islands, earnings in
Notes, employer’s, as payment
NUA (net unrealized appreciation)
Nurse
courses taken by
services, as deductible medical expense
travel costs incurred by, nondeductible expense
Nursery school, dependent care credit and
Nursing homes
O
Obesity, weight-loss program for
Oil and gas
depletion deduction
intangible drilling costs
interests, reporting royalty income
passive activity loss restrictions, exempt from
percentage depletion deduction
wells, working interests in
One-bite rule
One-person 401(k) plan
Options
Oral sales-repurchase agreement, wash sale rule
Ordinary dividends
Ordinary income
assignment of future lottery payments
and conversion transactions
Ordinary loss
Organizations
in the 50% limit category
nondeductible contributions to
nonprofit organizations that qualify for deductible donations
qualifying for deductible charitable donations
Original issue discount (OID)
discount on bonds
interest income
nongovernmental obligations and
REMICS
reporting on return
sale or retirement of bonds with
stripped bonds or coupons
tax-exempt bonds and obligations
Orphan drug credit
Out-the-money call option
Overnight-sleep test
Overseas employment, as tax-saving opportunity
Overtime, meal costs during
Ownership and use tests of residence, meeting
P
Parents, AMT rules for personal exemptions
Parking, employer-provided
Parsonage allowances
Partner / Partnership
78-week test for
401(k) plan treatment
abandoning a partnership interest
debts
disallowing exclusion of value of meals and lodging
distributions of property to a partner
dividends from
domestic production activities deduction
exchanges of partnership interests
final return of decedent
first-year expensing depreciation deduction
fiscal year restrictions
form of doing business
gain or loss from disposition of interest
interests, disposition of
involuntary conversions, electing to defer tax on gain in
limited
net operating loss
organizational costs
passive activity rules
profit and loss, reporting
profits from foreign earned income
property of, holding period for
providing property that is not engaged to rentals
rental real estate held by
at risk rules
sale of partnership interests
Schedule K-1, IRS matching program for
special allocations disproportionate to capital contributions
straddles, tax rules for
unified tax audits of
wages for the W-2 limit
Part-time employees, not covered by employer Keogh Plan
Part-year employees, avoiding overwithholding
Passive activity
alternative minimum tax and
equity-financed lending activity
incidental rental of property by development activity
income or loss, alternative minimum tax and
installment sale of interest
insubstantial depreciable basis, rental of property with
interest and investment interest
interest expenses attributable to
loss disallowance rule
losses, debts cancelled in bankruptcy
loss restrictions
loss rules
at-risk rules, effect of
rental activities
material participation
net operating losses and
partnership rules
personal service and closely held corporations
portfolio income and
recharacterization
rental activities subject to rules
rental loss allowance of up to $25,000
sales of property and
suspended losses allowed on disposition of interest
suspended tax credits
tax credits of
to unrelated party, loss on sale of interest in
working oil and gas interest
Patents
amortizing
depreciation of costs over life of
donating to charity
Peace Corps volunteers, subsistence allowances for
Pell grants
Penalty(-ies)
early distribution, reporting
failure to file FBAR for income from foreign accounts
failure to report tips
foreign financial accounts, non-reporting of
IRAs (individual retirement accounts)
for excess contributions
garnished
withdrawing
medical-related exceptions
premature fund withdrawals, forfeiture of interest on
premature withdrawals from deferred annuities
retirement plan distributions
before age 59½
when retirement benefits must begin
Roth IRAs, early withdrawals within five years of conversion or rollover
Section 409A rules
SIMPLE IRAs
strike pay
withholdings that do not cover estimated tax
Pension
age for required minimum distributions
distributions to employees
repayment, deducting
taxable
Pension Benefit Guaranty Corporation (PBGC)
Percentage depletion
Percentage method of accounting
Per diem payments by qualified long-term-care policy
Per diem travel allowance under accountable plans
Performing artists
deductions from gross income
material participation tests for
Permanent physical injuries, tax-free payments for
Persecution, restitution payments because of
Personal exemptions
not subject to phaseout for 2012
subject to AMT
Personal injury
caused by negligence, as nondeductible loss
deducting legal fees for recovered taxable damages
settlements or awards, medical expense deductions and
Personal property
loss of, as nondeductible loss
real rental and
sales of
tangible, donating
Personal residence
buying, as tax-saving idea
incapacitated homeowner
rental of
sale of
transfer taxes
Personal rollover
Personal service activity, material participation tests for
Personal service corporation
Personal use
and rental days, counting
and rental of residential unit
Phaseout
of child tax credit
key credit and deduction amounts
limits to Roth IRA
of part of overall itemized deductions
of rental real estate loss allowance
Photographers, production costs of
Physicians
assignment of fees by
courses taken by
malpractice insurance
Pledging installment obligation as security
Plug-in conversion credit
Points on home mortgage loans
principal residence
refinancing, points paid on
seller-paid
Political campaign/action committees, nondeductible contributions to
Politician, job expenses
Ponzi schemes
Portability, of estate tax exemption
Portfolio income
Postponing itemized expenses
Preferred stock
dividends on
stripped
Premature distributions of retirement plans
Premature fund withdrawals, forfeiture of interest on
Premiums of medical care policies, deductibility of
Prepaid interest on loan used for investment or business purposes
Prepaying or postponing itemized expenses
Prepayment penalty, mortgage
Prescription drugs, deductibility of
Price adjustments on property bought on credit
Primary business purpose, proving
Principal place of business test
Principal residence
avoiding tax on sale of
damaged, insurance proceeds from
debt income, cancellation of
determination of
repossession and resale of
sale of, reduced maximum exclusion
selling your home at a loss
used for business purposes
Private activity bonds, alternative minimum tax and
Private foundations for tax-free educational grants to employees’ children
Probate estate
Product Classes “like” class
Production, domestic, activities
Product testing, as working condition fringe benefit
Professional association dues, as fringe benefit
Professionals
deductions for
healthcare
Professional services, deductible and nondeductible
Profit motive, lacking, rentals
Profit-sharing plan
active participation in employer plan
disability payments from
Keogh plan
Promissory notes
Property
appreciated, gifts of
basis of
buyer’s personal-use
capital or ordinary gains and loss from sale of
casualty loss deduction
damage, caused by negligence, as nondeductible loss
deducting expenses incurred in managing
depreciation deductions for
dividends paid in
exchanging without tax
foreclosure
free use of
improvements to
installment sale of interest
intangible, licensing of
MACRS of
multiple, exchanges of
passive activity rules
price adjustments on
reporting sales and exchanges of
sale of
rollover of proceeds from
of vulnerable property under a hazard mitigation program
self-rental
selling home at a loss
stolen, recovered
tax, deducting
two-year resale rule for
unadjusted basis of
Property donations
art objects
fair market value of
figuring value
interests in real estate
mortgaged property
through trusts
Property losses, floors for personal-use
Property sales
capital gains and losses, figuring
installment sales
profit or loss, figuring
tax pattern of
worthless securities
Property transfer
to former spouse, as alimony
between spouses and ex-spouses
tax-free exchange, when MACRS is not allowed
Provisional income
Psychiatrist, courses taken by
Public Health Service Act, health professionals, debt forgiven or repaid
Publicly offered mutual funds
Publicly traded partnerships (PTPs)
Public safety employees separated from service, as exception to early distribution penalty
Puerto Rico
earnings in
travel in
Punitive damages
Puts
Q
Qualified charitable organization
Qualified conservation contributions
Qualified corporate dividends, taxation of
Qualified covered call option, straddle losses and
Qualified dividends
Qualified Dividends and Capital Gain Tax Worksheet
Qualified domestic relations order (QDRO)
distributions of retirement benefits under
rollover of distribution received under divorce or support proceeding
transfer to IRA
Qualified Exchange Accommodation Arrangements (QEAAs) for Reverse Exchanges
Qualified joint and survivor annuity (QJSA)
Qualified plans
payments
post-death distribution rules
restriction to student loan interest deduction
SIMPLE IRA employer contributions
tax-free rollovers from
Qualified Pre-retirement Survivor Annuity (QPSA)
Qualified principal residence indebtedness, exclusion for
Qualified production activities income (QPAI)
Qualified reservist
Qualified retirement plans
company, tax-favored retirement plan
employer-provided retirement advice
Section 409A, exclusion from
Qualified terminable interest property (QTIP)
Qualified Tuition Program (QTP) (Section 529 Plans)
education tax credits, effect on
student loan interest deduction
Qualifying children
as dependent
for dependent care credit
as personal exemptions
Qualifying domestic trust (QDOT)
Qualifying relatives
as dependent
for dependent care credit
as exemptions
Qualifying widow(er)
AMT exemptions
claiming dependents
determining
excess adjusted gross income
filing as
Form W-4
head of household status
phaseout of child tax credit
spouse’s death in 2011 or 2010, or before 2010
standard deduction for dependents
standard deduction for figuring recoveries of itemized deductions
standard deduction if 65 or older or blind
“Quid-pro-quo” test
“Q” visa
R
Rabbi, housing allowance for
Rabbi trusts
Racehorses, MACRS recovery period for
Raffle tickets
Railroad retirement benefits
subject to tax
withholding
Railroad travel as business trip deduction
Ransom, kidnapping
Ratable accrual method
Real estate
ACRS rates for
allowance for tax credits
appreciated, charitable contribution of
business real estate debts
capital gains (or losses)
certified historic structure
debts
deducting accountant’s fee for arranging purchase of
deducting taxes
depreciation of, placed in service after 1980 and before 1987
foreclosure
Gulf Opportunity Zone, special tax credits for
investments in
leasehold improvements
low-income housing
MACRS for property placed in service after 1986
pre-1936 buildings
rehabilitation of
rental activities
repossession after buyer’s default on mortgage
restructuring mortgage debt
at risk, financing for
sale of, timing of
seller’s back taxes, buyer cannot deduct
selling rented residence
subdivided land sales
tax credits
taxes, allocating to rental days
taxes, deducting
tax-free exchanges
of foreign real estate
tax reporting for year-end sales of
transferring mortgaged realty
unrecaptured Section 1250 gain on
Real estate investment trust (REIT)
dividends paid by
investing in
property sales, tax pattern of
undistributed capital gains from
Real estate mortgage investment company (REMIC)
Real estate professional
Real estate taxes
allocating, when you sell or buy realty
co-tenant’s deduction for
deducting
foreign
standard deductions, additional
tax form to file
who may deduct
Real property
real property year
rental and personal property rental
residential rental property
taxes, who may deduct
timing sales of
Rebates of insurance agent’s commission
Recapture
deductions subject to
of depreciation on real estate
of education tax credit
of expensing deduction
of losses where at risk is less than zero
of mortgage subsidy
of rehabilitated real estate
rules of alimony
of tuition and fees deduction
Receipts, as record of expense
Recharacterization
of passive income as nonpassive
reconverting to Roth IRA
between traditional IRA and Roth IRA
Recognized gain or loss
Record-keeping
administrative activity in home office
business trip deductions
charitable contributions
convention business travel
deductible losses
home records
inadequate, excuses for
loss carryovers
mutual fund redeemed shares
Section 1244 stock
travel and entertainment
Recovered deductions and tax credits
Recovery property
Red Cross personnel
Redemptions, interest on bonds and
Refinanced mortgage loans
interest on
points paid on
Reforestation amortization
Refund of taxes paid or withheld
credited to state estimated tax
decedent’s
state and local taxes deducted in prior year
Rehabilitation property credit for pre-1936 buildings or certified historic structures
Reimbursement(s)
of club dues
of employee expenses, restrictive test exception
from employer
of medical expenses
Reimbursement plans for travel and entertainment expenses
accountable plans
accounting requirements
automobile mileage allowances
as de minimis fringe benefit
nonaccountable plans
per diem travel allowance under accountable plans
Reinvestment
in company stock
mutual funds
Related parties
acquisitions from, disqualification of first-year expensing deduction
disallowed loss on sales to
exchanges between
sale of remainder interest to
straddle positions
Relationship tests for claiming as exemption
Relatives
business expense owed to relative
buying replacement from
dependent, head of household status
dependent care credit and payments to
installment sales to
qualifying relatives
as dependent
for dependent care credit
as exemptions
renting residence to
tax-free exchanges between
Religious beliefs against applying for and using Social Security numbers
Relocation due to disaster loss
Remarriage
effect on pre-1985 agreement for alimony
exemption for spouse and
Remote camp in foreign country, lodging in
Rental days
allocating expenses of a residence to
counting personal use days and
Rental income
advance rentals as
of aged parent, deduction for
allocation of expenses of residence to rental days
audits of taxpayers with rental real estate losses
deductions from
depreciation of
expenses
in a foreign country
improvements by tenants not considered
insurance proceeds as
lacking profit motive
landlord’s unit, treated as
losses
married couple filing jointly, reporting
from multi-unit residences
nondeductible as property tax
passive activity restrictions on
personal use and
redeemable ground rents
repairs and improvements, distinctions between
reporting
security deposits not considered
self-employment income and
support test for dependents and
temporary, IRS may challenge losses claimed before sale
tenants’ payment of
Rental property
checklist of deductions
improvements, records for
MACRS real estate depreciation
MACRS recovery period for
passive activity rules
profit-making purposes
residence converted to, loss on
self-employment income and
trips to investigate prospective
use of personal residence as
Rental real estate loss allowance
Reorganizations
exchanging market discount bonds in
interest on bonds and
Repair costs
for casualty losses
deducting on Schedule C
as evidence of loss of value
to home
measure of loss
Repayment of wages received in prior year
Replacement property
to fully deter tax on
giving IRS notice of replacement
identifying
time period for buying
types or qualifying
Repossessed home
figuring gain or loss
of personal property sold on installment
of property
Reputation, professional, damages for injury to
Required Minimum Distributions (RMDs)
Requisitioned property, as involuntary conversion qualifying for tax deferral
Research assistants, tuition reductions for
Research credit
Research expenses
Reservists
qualified reservist distribution
repayment of IRA
tax information for
Residence
capital or ordinary gains and loss from sale of
as collateral, for interest deduction
deducting casualty loss
disaster losses, insurance proceeds for
domicile vs.
energy tax credit
interest
sale of your home at loss
Residence test for exempting qualifying children
Residency termination date
Resident alien(s)
commute from Mexico or Canada
defining status as
dual-status alien, unable to deduct if
dual tax status, in first year of residency
exemption for dependents who are
expatriation tax for
first-year choice
income subject to taxation
last year of residence
leaving the U.S.
medical exception
proof of eligibility as employee
tax treaty exception
Residential lots, installment sales of
Residential rental property
Resident test, to claim exemption for dependent
Resolution Funding Corporation
Restaurant property, qualified improvements
Restitution payments, Holocaust
Restricted stock
Restrictive covenant, release of
Retail property, qualified improvements
Retained earnings
Retired persons
group-term life insurance premiums paid by employer
IRS and material participation tests for business
ministers, allowance for
waiver of estimated tax penalty
Retirement benefits
estate tax and
payment for release of community property interest in
Retirement home/community
gifts to
investment in, not qualifying as principal residence
payments to
Retirement planning advice
Retirement plans (retirement income)
armed forces, penalty-free withdrawals from
DB(k) hybrid retirement plan for small employers
deducting on Schedule C
deemed IRA, by employer
defined benefit pension plans
defined contribution plans
distributions, required beginning date
distributions from qualified company plans
annuity start date, withdrawals before
averaging
beneficiaries, payments received by
capital gain treatment for pre-1974 participation
court-ordered distributions to former spouse
disqualification of retirement plan
loans from company plans
penalty for distributions before age 59½
sale of property, rollover of proceeds from
securities distribution
tax-free rollover
when retirement benefits must begin
distributions that may not be rolled over
elective deferrals to, key to form W-2
employer plans, active participation in
IRAs (individual retirement accounts for active participants in)
active participation tests
rollover to an IRA
liability limitation
qualified employer plans
receiving
reporting to IRS
Roth 401(k) option
self-employed, Keogh plan, required beginning date of distribution
small employer credit for retirement plan startup costs
tax-favored, key to
withholding taxes on
Retirement savings contributions credit
Return of capital
Revenue Procedure 2011-34
Reverse exchanges
Reverse mortgage loan
Revocable trust
Riot losses
Robert T. Stafford Disaster Relief and Emergency Assistance Act
Rollover
60-day loan from IRA
60-day rollover
by beneficiary of deceased
direct, to Roth IRA
distributions that may not be rolled over
from employer plan
governmental 457 plan to qualified plan
in-plan, to Roth IRA
IRAs
by nonspouse beneficiary
personal
publicly traded securities to SSBIC
reporting on your tax return
surviving spouse
tax-free
to traditional IRA
ROTC educational and subsistence allowance
Roth 401(k) contributions
Roth IRA
about
advantages of
as alternative to traditional IRA
combat pay, tax-free, contribution based on
contributing to both traditional IRA and
contribution based on tax-free combat pay
contribution limit
contributions after age 70½
conversion from SEP or SIMPLE IRA
conversion from traditional IRA to
reporting deferred income from 2010 conversions
credit for contributing to
deadline for contribution
versus deductible IRA
deemed, by employer
direct rollover
distribution for first-time homebuyer expenses
distributions after death of owner to beneficiaries
distributions from
excess contributions
five-year holding requirement for earnings to be tax-free
in-plan rollover to
investing in, as tax-free income
limit
loss of liquidation of
MAGI phaseout of Roth IRA contribution limit
penalty for early withdrawals within five years of conversion or rollover
penalty for excess contributions to
recharacterizations and reconversions
retirement savings contributions credit
rollover from employer plan
Roth 401(k) contributions
spousal IRA contribution
withdrawals from
Royalty income and deductions
backup withholding
deducting tax preparation fee for reporting on Schedule E
deductions from
depreciation of costs over life of patents or copyrights
earned income
examples of
expenses
foreign earned income and
intangible drilling costs
oil and gas percentage depletion
production costs of books and creative properties
reporting
Rural Housing Administration
S
Safe-deposit box rental fee, deductibility of
Safe harbor
cash-method businesses
domestic production activities deduction
fraudulent schemes, allowing theft loss deduction
prior-year estimated tax payments by husband and wife
rate, for seller-financed sales
sale of principal residence
tests for security arrangements, property exchanges
Safety achievement awards
Sailing permit for aliens leaving U.S.
Saint Lucia, restrictions on foreign travel to
Salary or wage income (compensation)
assignment of
constructive receipt rule
contingent fees
deferral of, tax-favored retirement plans, key to
golden parachute payments
nonqualified deferred compensation
property, pay received in
repayment of prior year wages
reporting
severance pay
sick pay
tax form to file
year-end paychecks
Salary-reduction deferrals, limit on
Salary reduction SEPs set up before 1997
Sales, seller-financed
Salespersons
demonstration cars used by
prize points, taxable income on
Sales tax
state, local, and general
for vehicles
Salvation Army, deductible contributions to
SAM (shared appreciation mortgage)
Samoa, earnings from
Saver’s credit (retirement savings contribution credit)
Saving bond, U.S.
plans
unable to donate because they are nonnegotiable
Saving notes (Freedom Shares)
Savings certificates
Certificate of Deposit (CD), early withdrawal on
forfeiture of interest on premature withdrawals
Schedule 1
Schedule 2 (Child and Dependent Care Expenses for Form 1040A Filers)
Schedule A (Itemized Deductions)
Schedule B (Interest and Ordinary Dividends)
Schedule C (Profit or Loss From Business)
Schedule C-EZ
Schedule D (Capital Gains and Losses)
sample form
worksheet
Schedule E (Supplemental Income and Loss)
Schedule EIC
Schedule F (Profit or Loss From Farming)
Schedule H (Household Employment Taxes)
Schedule J
Schedule K-1
Schedule Q
Schedule R
Schedule SE (Self-Employment Tax)
Scholarships, fellowships, and grants
about
Fulbright grant
funds, nondeductible contributions for
not a support item
tax-free
Schools, for mentally or physically handicapped
S corporation
capital gains (or losses)
classifying business activities
commuter parking benefits
debts
dividends from
domestic production activities deduction
first-year expensing deduction
fiscal year restrictions
gain or loss from disposition of interest
health insurance premiums
interests, disposition of
net operating loss
passive activity rules
providing property that is not engaged to rentals
rental real estate held by
Schedule K-1, IRS matching program for
stockholder, AMT rule for
stockholder reporting of income and loss
straddles, tax rules for
wages for the W-2 limit
Seasonal employees, not covered by employer Keogh Plan
Second home
Section 83(b)
Section 168(k)
Section 197 amortization of intangibles
Section 409A rules
Section 457 plans
nonspousal beneficiaries
rollover from employer plan to Roth IRA
Section 460
Section 483 transactions
Section 877
Section 877(a)(1)
Section 877A
Section 1035
Section 1041
Section 1045 rollover
Section 1202 exclusion
Section 1231 property
Section 1237 capital gain opportunity
Section 1239
Section 1244 stock
Section 1245
Section 1250 gain, unrecaptured
Section 1256
Section 1274 transactions
Section 1341 credit
Security(-ies)
abandoned, treated as worthless
allocation of basis
appreciated, charitable contribution of
holding period for
installment obligation as
lump-sum distributions from retirement plans and
managing your own portfolio of
mark-to-market election for traders
tax exempt
time limits for deferred exchanges
traders in
Treasury inflation-indexed
value, sudden drop of, as nondeductible loss
year-end sales of
year-end transactions
Security deposits, not rental income
Seized property, as involuntary conversion qualifying for tax deferral
Self-charged management fees or interest
Self-employed income (or loss)
accounting for
backup withholding
deduction worksheet for self-employed
earned income tax and
foreign income, housing costs
forms of doing business
fractional rate worksheet for self-employed
health insurance for
impairment-related work expenses
key to business and professional income and loss reporting
nondeductible expense items
partnership income, reporting
rate table for self-employed
reporting income and deductions
tax, deficiency
Self-employed persons
78-week test for
business call travel cost deductions
business employees and household employees
business-vacation trips outside United States
commuter parking benefits
commuting costs
deducting wages paid to children
deferring business income
disallowing exclusion of value of meals and lodging
employees, not classified as
health insurance
housing costs and foreign earned income
income tests for earned income credit
IRA contributions
long-term care insurance expenses
meals and incidental expenses
moving expenses, 78-week test for
net operating loses for refund of prior taxes
office for sideline business
production costs of books and creative properties
reporting royalty income
retirement plans for
tax liability
transportation industry, meal allowances for
travel and entertainment expense reporting
work-related education expenses
Seller-financed sales
Seller-paid points
Selling price
change of
of home
Senior citizens
65 in age and over, standard deduction for
continuing care facilities for
filing breaks for
Social Security benefits
tax credit for
Separate liability election
actual knowledge of the item allocable to the other spouse bars relief
allocating tax liability between spouses
eligibility
equitable relief
erroneous deductions or credits, tax benefit rule limits relief based on
for former spouses
Tax Court appeal
timing of the election
Separate returns
claiming any loss carryover
first-year expensing depreciation deduction
for married couples
65 or older, standard deduction for
$250,000 exclusion of sale of jointly owned residence
advantages of
AMT exemptions for 2012
blindness, standard deduction for
changing an election
depreciation deductions
eligibility/ineligibility for tuition and fees deduction
expensing limit for you and spouse
filing
versus filing jointly
home sales by married persons
IRAs, deduction phaseout rule
itemized deduction, determining whether recovery is taxable
itemized deduction reduction
married dependents and
medical expense deductions and
phaseout of child tax credit
rental real estate loss allowance
and Social Security benefits
standard deduction restriction
tax rates
Separation (separated couples)
alimony
children of, claiming as exemption
decree required for alimony
dependent care credit rules for
equitable relief
filing status
Form W-4
head of household status
joint returns and, community property rules
kiddie tax and
medical expense deductions of child and
spouse, exemption for
Series E or EE bonds
accrual dates for
donating
interest on
investing in
Series H or HH bonds
Series I bonds
Servicemembers’ Group Life Insurance (SGLI)
Services performed test for dining and entertainment expenses
Settlement fees for buying home
Severance damages, condemnation of property and
Severance pay, taxable
Shared appreciation mortgage (SAM)
Shared-equity financing agreements, for co-owners
Shareholder-employees, corporate benefits to, as taxable dividend
Short sales of stocks
Short-term capital gain or loss
Short-term deferrals, nonqualified deferral compensation
Short-term obligations, discount on
Shrubs, damage to
Siblings, claiming as exemption
Sick leave
Signing returns
children’s
death of spouse during year and
by executor or administrator
joint returns
SIMPLE 401(k) plans
SIMPLE IRAs
contributions and distributions
deadline for setting up
eligibility for
FICA withholdings
retirement savings contributions credit
Section 409A, excluded from
withholdings for retirement plans
Simplified Employee Pension Plan (SEP)
basics
contributing to and distribution of
deductions
FICA withholdings
retirement savings contributions credit
salary reduction established before 1997
withholdings for retirement plans
Simplified method for calculating taxable employee annuity
Single persons
AMT exemptions
determining status
filing status of
phaseout of child tax credit
standard deduction for dependents
standard deduction for figuring recoveries of itemized deductions
tax rates
Singles penalty
Skybox rental costs
Slot machine players, winnings and losses for
Small business/employers
credit for pension plan startup costs
group health plans for
health tax credit
Small Business Investment Company (SBIC) stock
Small Business Jobs Act of 2010
Small business owners, favorable prior-year exception
Small business stock
alternative minimum tax and
deferral or exclusion
deferring or excluding gain on
ordinary loss for
Section 1202 exclusion, increased
Smoke detectors
Social Security benefits
earnings reduced by tax on
figuring IRA deduction if you receive
Form W-2, key to
gross income and
how your earnings are reduced
legal costs associated with
lump-sum payment of
paid on behalf of child or incompetent
retiring on
senior citizens’ benefits
separate returns of married persons
support items bought with
taxable
tax-exempt bond funds and
uncollected
withholding of payment
withholdings
workers’ compensation and
Social Security numbers (SSN)
checked by IRS
children’s
of dependents, reporting
for employees
filing for
religious beliefs against applying for and using
spouses, on joint return
Social Security taxes
child tax credit and
deducting
excess withholding due to working for more than one employer
Medicare Part B premium affected by
self-employed and
statutory employee
on tips
uncollected taxes
Software, computer
Solar panels for residential property, tax credit for
Sole proprietorship
form of doing business
sale of
Special assessments in involuntary conversions
Special foods
Special needs child/beneficiary, adopted
Specific Identification Method
Split-dollar insurance
Sports, professional coaches and managers, tax home for travel expense purposes
Sports events
Spousal IRA, contributions after age 70½
Spouse
as active participant in an employer retirement plan
in business, health insurance coverage
combat zone
of combat zone personnel
deducting legal fees as alimony
earned income test for dependent care credit
as exemption
former, separate liability election for
innocent spouse rules
loans from company plans, consent required of
medical expense deductions of
noncitizen, marital deduction restrictions for estate tax for
nonresident alien
property received from a former spouse or, unadjusted basis of
property to third party on behalf of
share of entertainment cost
Social Security numbers and names of
standard deduction for
survivor annuity for
tax-free exchanges between ex-spouses or
transfer of traditional IRA after divorce or death
travel costs, reimbursement of
travel expenses of
U.S. Savings Bonds transferred to
wages paid to
working for
SSBIC, rollover from publicly traded securities to
Standard deduction
for 2012, key to
additional, for net disaster loss
additional, for real estate taxes
for age 65
alternative minimum tax, subject to
changing to itemized deductions
claiming
increased for blindness, age 65
itemized deductions, recovery of taxable
married, spouse itemizing on separate return
prepaying or postponing itemized expenses
refund of state tax, taxable portion of
separate returns and
Standard mileage rate
State and local government bonds and obligations (tax-exempts)
amortization of premium
market discount
original issue discount (OID)
stripped
taxable interest
State and local government employees
deductions from gross income unreimbursed business expenses
Section 457 plans
State and local income taxes
alternative minimum tax and
deducting
general sales tax
recovered deductions
refund of
sales taxes
standard deduction limit
state taxes refund
withholdings for, Armed Forces personnel
State death taxes
Statutory employees
Stepchildren
claiming as exemption
scholarship for, not a support item
spouse or child of, not a qualifying relative for exemption
Stock(s)
capital or ordinary gains and loss from sale of
convertible
devaluation due to corporate misconduct
divorce-related redemptions, in closely held corporation
donating to private non-operating foundation
earmarking
fraudulent sales offers
holding period for
as payment for services
received as dividend or in a stock split
restricted
sale of, reporting on
short sales
small business
stock rights, sale, exercise, or expiration of
stripped
tax-free exchanges of, in same corporation
wash sales of
Stock Appreciation Rights (SARs)
Stock dividends
on common stock
constructive
reinvestment in company stock
reporting
sale of stock received as
on stock sold or bought between ex-dividend date and record date
taxable
year reported
Stockholders (shareholders)
material participation test
reporting of S Corporation income and loss
travel to meeting, nondeductible
Stock option
Stock rights
exercise of
overview
tax consequences of receipt of
Stock splits
Stock subscriptions, holding period for
Stolen property, recovery of
Stop-smoking programs
Storage space
Straddle rules
Straight-line method of depreciation
mandatory
recovery for equipment in service
Streamlined determination, equitable relief granted in
Strike and lockout benefits
Strike price/exercise price
Stripped coupon bonds
Stripped tax-exempt obligations
STRIPS Zero coupon Treasury bonds
Student(s)
alien
earned income test for dependent care credit
education assistance plans, as fringe benefit
as exemptions
possibly exempt from income tax withholdings
qualifying as full-time, for exemption
Student loan
cancellation of
deduction
interest
Student Loan Marketing Association, obligations guaranteed by
Subscriptions
employer-paid, as fringe benefit
to investment services, deductibility of
lists, Section 197
as miscellaneous itemized deductions
stock, holding period for
Substantially identical stock and securities
Substantial presence test, for resident aliens
Sudden event test for casualty losses
Supplementary Security Income (SSI)
Supplements, nutritional or herbal, deductibility of
Supplier-based intangibles
Support test for dependents
examples of allocating support
items not counted as support
lodging and food as support items
multiple support agreements
Surviving spouse
annuity for
as beneficiary of traditional IRAs
continuing coverage for group health plans (COBRA coverage)
estimated tax of
family income rider in life insurance policy
joint income tax, liability of
joint tenancy basis rules
portability of estate tax exemption for
rollover of distribution by
traditional IRA inherited by
Suspended losses allowed on disposition of interest
Suspended tax credits, passive activity rules
Sutter rule
Sweepstake winnings
Swimming pool
heating expenditures disqualified for energy tax credit
prescribed as physical therapy
Swindle by friend, as theft loss deduction
T
Tables
Allowable Credit for Dependent Care (Table 25-1)
Are Your Board and Lodging Tax Free (Table 3-3)
Are Your Fringe Benefits Tax Free? (Table 3-1)
Beneficiary’s Single Life Expectancy Table (Table 8-5)
Capital or Ordinary Gains and Losses from Sales and Exchanges of Property (Table 5-1)
Credit Based on Adjusted Gross Income for 2012 (Table 25-2)
Deductible Medical Expenses (Table 17-1)
Deductible Travel and Transportation Expenses (Table 20-1)
Depreciation rates for property’s first rental year (Table 9-1)
Donations, what you need to substantiate (Table 14-1)
Gift Made in 2012, Tax Rates for, (Table 39-1)
Half-Year Convention–150% Rate (Table 42-2)
Half-Year Convention–Straight-Line Rate (Table 42-3)
Itemized Deductions and the Standard Deduction for 2012 (Table 13-1)
Joint Life and Last Survivor Life Expectancy (for use by owners whose spouses are more than 10 years younger) (Table 8-4)
Joint Life and Last Survivor Life Expectancy (Table 8-2)
Key to Alimony and Marital Settlement Issues (Table 37-1)
Key to AMT Rules (Table 23-1)
Key to Option Terms (Table 30-2)
Key to Reporting Business and Professional Income and Loss (Table 40-1)
Key to Tax-Favored Retirement Plans (Table 7-1)
Life Expectancy Tables (Table 7-2)
MACRS Depreciation Rates (Table 42-1)
MACRS Real Estate Depreciation (Table 42-4)
Medical expenses, nondeductible (Table 17-2)
Medical expenses, reduced by the 7.5% floor (Table 17-3)
Minimum Interest Rate for Seller Financing (Table 4-1)
Multiple Adjustment Table (Table 7-3)
Nonresidential Real Property (Table 40-2)
Phaseout Range for Deduction Limit on 2012 Returns (Table 8-1)
Proving a Casualty Loss (Table 18-1)
Rate Table for Self-Employed (Table 41-1)
Reporting Mutual-Fund Distributions (Table 32-1)
Savings Bond Maturity Dates (Table 30-3)
Standard Deduction (Table 11-1)
Taxable Income Brackets for 2012 (Table 1-1)
Taxable Premiums for Group-Term Insurance Coverage Over $50,000 (Table 3-2)
Taxes, checklist of (Table 16-1)
Tax-Saving Opportunities (Table 28-1)
Understanding Your Form W-2 for 2010 Wages and Tips (Table 2-1)
Uniform Lifetime Table (Table 8-3)
Who Claims the Deduction for Real Estate Taxes? (Table 16-2)
Tangible personal property
donation of
recapture of deduction for property sold within three years
recapture of deductions for certain fractional interests
Tax(es)
checklist of
general sales taxes
nondeductible
state and local income taxes
Taxable income
commissions
figuring
negative, carryovers for capital losses and
property, pay received in
repayment of wages received in a prior year
strike and lockout benefits
tax computation worksheet
unemployment benefits
Taxable income brackets for 2012
Taxable year, defining
Tax attributes
Tax Computation Worksheet
Tax Court
appeal, for equitable relief
appeal, for innocent spouse relief
appeal, to dispute election or allocation of liability
attorney’s contingent fee paid from taxable award
commissions, taxable
defaulted child support payments not basis for bad debt deduction
mark-to-market election for traders
partnership interest, abandoning
separate liability election
Tax credits
adoption credit
alternative fuel vehicles
business
child tax credit
dependent care credit
District of Columbia’s first-time homebuyer credit
earned income credit (EIC)
for elderly and disabled
energy efficiency improvements, expiration of credit for
first-time homebuyer credit
health coverage credit
hybrid vehicles
Making Work Pay credit
for mortgage
mutual funds
for nurses’ wages
overview
passive activities
personal, tax-saving opportunity
for real estate investments
recovered deductions and
repayment of first-time homebuyer credit
residential energy improvements
retirement savings contributions credit
Section 1341
small business health tax credit
suspended
Tax-exempt bonds
funds
investing in
Tax-exempt organizations, employees of, annuities for
Tax-exempt securities
Tax-free rollovers from qualified plans
Tax home
determining
if you work in different locations
of married couple working in different cities
for resident aliens
temporary job site as
for travel expense purposes
Taxi
depreciable tangible business property
fare, as deductible out-of-town commuting expense
fare, as de minimis fringe benefit
MACRS recovery periods
trips between customers, travel and entertainment deductions for
Tax identification (ID) number
Tax matters partner (TMP)
Taxpayer identification number (ITIN)
Tax rates
based on filing status
for capital gains
top bracket
Tax reporting year
Tax return preparer, costs
Tax returns
claiming withholdings
cost of preparing
depreciation, claiming
disaster loss, accelerating refund
filing basics
forms, choosing
income interest, reporting
IRA, reporting a rollover of
kiddie tax on your return, effects of
Puerto Rico, earnings in
Tax-shelter, prohibition on use of farming losses as
Tax-sheltered annuity
Tax table for 2012
Tax treaty exception for resident alien
Tax year
dual status
for self-employed persons
Teachers
alien status
education assistance plans
education costs
expenses
graduate students
ministers working as, allowances for
school-provided lodging for
strike pay penalties for
travel as form of education, nondeductibility of
worker’s compensation
Teaching assistants, tuition reduction plans for
Technical manuals, Section 197
TEFRA (1982 Tax Act) designation as exception to early distribution penalty
Telegraph costs as business trip deduction
Telephone
calls, as business trip deduction
cellular
as employee home office expense
Temporary absences disregarded for head of household
Temporary assignment in area not your residence, deductions for
Temporary place of work
Temporary quarters, expenses of, as nondeductible losses
Tenant(s)
cancellation of lease by
casualty loss, deducting
landlord’s expenses paid by
payment of taxes
Terminally ill medical costs, life insurance
Termites, damage caused by
Term life insurance, selling or surrendering
Terroristic attacks
disability pensions
tax forgiveness for civilian or military personnel killed in
Theft losses
deductible
nondeductible losses
proving
recovered stolen property
Tickets for entertainments sold by charitable organizations, deductibility of
Tie-breaker rules to determine who can claim qualifying child as exemption
TIGTA (Treasury Inspector General for Tax Administration)
Time shares, installment sales of
Time value (premium-intrinsic value) call option
Tips
employer credit for FICA on
paying, as business trip deduction
receiving, key to form W-2
reporting receipt
Title 11 bankruptcy case
Title issues or disputes, legal costs associated with
Tools, job-related
Trade Act of 1974
Trade Adjustment Assistance (TAA)
Trademarks and trade names, Section 197
Trader in securities
Trailer home
moved to different job sites, deductions for
as principal residence
Trainees, alien
Training manuals, Section 197
Transaction history of mutual fund investment
Transfer taxes
qualified motor vehicle, additional standard deduction for
savings bond at death of owner
Transient worker
Transit passes, employer-provided
Transportation industry workers
Travel and transportation expenses
away-from-home expenses, deducting
business-vacation trip, deducting
commuting expenses
documenting and reporting
employer reimbursement plants
entertainment and meal expenses for clients, customers, or employees
investment expenses
key to
meal expenses for self
as medical deductions
National Guard and Reserve meetings
Schedule C, filing
work-related education expenses
Traveler’s checks, of $10,000 or less, reporting to IRS
Treasury bills
Treasury bonds
Treasury “I-Bonds,” indexed for inflation
Treasury inflation-indexed
Treasury Inspector General for Tax Administration (TIGTA)
Treasury notes
Treasury securities, investment information on
Trees, damage to
Trips
business-vacation trips
commuting expenses
for health reasons
key to deductible travel and entertainment expenses
Trucks
depreciable tangible business property
drivers, interstate, deductions for
MACRS recovery periods and rates
Trust(s)
as beneficiary of IRA
dividends paid by
educational benefit
family income planning and
lump-sum distributions from retirement plans to
property received as beneficiary of, unadjusted basis of
rabbi trust
reporting of income by beneficiaries
revocable
U.S. Savings Bonds transferred to a
Trustees, waiver of commissions of
Tuition plans/payments
deductions
for educators
for religious or secular schools
Two-residence limit for qualifying mortgage debt
Two-year resale rule for property to related party
Typewriters
U
Unadjusted basis of property, calculating gain or loss and
Uncles, relationship test for claiming an exemption
Undergraduate courses, tuition reductions for
Unemployed person
medical insurance exceptions to IRA early-withdrawal penalty
nondeductible educational costs for
Unemployment benefits
payments under Disaster Relief Act, taxable
repayment of supplemental benefits
taxable
withholding of tax on
Unharvested land, sale of
Uniform Lifetime Table for distribution from traditional IRA
Uniforms and work clothes
for armed forces personnel
for charity organizations
cleaning of
unusual job expenses
Uniform Transfers to Minors Act (UTMA)
Unions dues, as miscellaneous itemized deductions
Unmarried head of household, filing as
Unmarried mates
home acquisition loan, allocation of $1 million limit between
joint tenancy basis rules for surviving tenant
kiddie tax and
Unrecaptured Section 1250 gain
U.S. Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification
U.S. Merchant Marines, unqualified for tax exclusion
U.S. possessions, IRS meal allowance for travel in
Useful life, depreciation and
Use-it-or-lose-it rule for health-care and dependent care FSAs
Utilities, deducting on Schedule C
V
Vacant land
Vacant residence, depreciation on
Vacation
benefit plan excluded as nonqualified deferred compensation
travel to vacation areas, deductibility of
Vacation home
allocating expenses
deducting casualty loss
donating, not advisable
points on
rental of
selling at a loss
Vans
MACRS recovery periods and rates for
pooling, employer-provided
Variable Housing Allowance (VHA)
Vehicles
alternative fuel vehicles, tax credit for
donated, substantiation rules
hybrid vehicles
MACRS recovery periods and rates
motor vehicle registration fees
new, additional standard deduction for sales and excise taxes
new, purchase, adding to deduction of sales and local sale taxes
plug-in electric vehicles
taxes on purchase
volunteering services for charity, deductibility of expenses
Veterans Administration (Department of Veteran Affairs)
Veterans’ organizations, domestic nonprofit, qualifying for deductible donations to
Virgin Islands, earnings in
Visa, exempt-person exception for resident alien
VISTA volunteers, living expense allowances received by
Vitamins, deductibility of
Voluntary conveyance
Volunteer expenses incurred during work for a charity
W
Wages
low earners possibly exempt from withholding
paid to employees
taxable, key to Form W-2
tax form to file
W-2 wage limitations, figuring domestic production activities deduction
withholding income taxes on
Waiver of custodial parent for child exemption not immediately effective
Waiver of estimated tax penalty
Warrants, wash-sale rule and
Wash sales
holding period for
loss disallowance
overview
reinvested distribution triggering
straddle losses and
tax advantage of rule
Water heaters, solar, for residential property, tax credit for
Weekend travel for business
Weight-reduction programs
Welfare, support test for exemption
What’s New for 2012
Whistleblower award from IRS, costs incurred in obtaining
Whole life insurance, selling or surrendering
Widow(ers)
determining status
filing tips
head of household status
Will contests, legal costs of
Wind turbines for residential property, tax credit for
Withholding
automobile benefits
backup
children’s wages
estimated tax and
FICA
gambling winnings
for household employees
income tax
low earners possibly exempt from
retirement distributions
right amount
sick pay
tips
tuition reimbursement
when to change
when to file new W-4
Workers’ compensation
Workforce in place, amortizable
Working condition fringe benefits
Work opportunity credit
Work-related education expenses
Worksheet(s)
adjusted basis of home sold
deduction worksheet for self-employed
fractional rate worksheet for self-employed
principal residence sale, gain (or loss) exclusion, and taxable gain
reduced maximum exclusion
standard deduction for dependents in 2012
standard deduction if 65 or older or blind
taxable benefits, figuring out
tax computation
Worthless securities
Worthless stock, fraudulent sales of
Writer, as seller of option contract
Wrongful death actions, legal costs of
Wrongful termination, damages for
Y
Year-end dividends
Year-end paychecks, constructive receipt of
Year-end sales
of publicly traded stock or securities
of real estate, holding period for
Y.M.C.A. / Y.W.C.A., deductible contributions to
Z
Zero coupon bond