Related to Tax Law
Learn how to become an enrolled agent with PassKey's comprehensive EA Review study program, newly revised and thoroughly updated for tax year 2012. The numerous sample questions and answers at the end of each chapter prepare you for the EA exam offered during the May 1, 2013 to February 28, 2014 testing window.
This is an in-depth study guide for all three parts of the IRS enrolled agent exam. Using simple to understand language and concrete examples, this study guide helps demystify complex tax law. This textbook includes the following:
Part 1: Individuals covers taxable and nontaxable income; filing requirements; deductions and credits; capital gains and losses; basis; rental income; estate and gift taxes; IRAs; and more.
Part 2: Businesses covers tax law relating to C and S corporations; sole proprietorships; partnerships; exempt entities; farmers; business income and expenses; accounting methods; inventory valuation; business credits; basis; depreciation; disposition of business assets; retirement plans;trusts and estates; and more.
Part 3: Representation covers issues relating to ethics and rules of practice for enrolled agents, including professional standards; preparer and taxpayer penalties; assessment, collection, and audit procedures; e-filing regulations; the major changes to Circular 230; and more.
Note: This book has been extensively updated and rigorously vetted by experts in the tax profession. It includes the last-minute tax changes of the American Taxpayer Relief Act, which was signed into law on January 2nd, 2013.
For more study help, PassKey also offers a six-part practice exam workbook with detailed answers and explanations, so you can test yourself, time yourself, and learn!
INCOME TAX FUNDAMENTALS 2014 provides readers with a concise, practical, and time-tested introduction to the most important areas of tax law. For more than 30 years, this textbook has been the market-leading standard due to its step-by-step workbook format that walks readers through real examples using actual tax forms. With plentiful study tools, including online interactive self-quizzes, INCOME TAX FUNDAMENTALS 2014 ensures that readers gain the knowledge and skills to become tax preparers.