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

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