J.K. Lasser's Your Income Tax 2016: For Preparing Your 2015 Tax Return - Softcover

Prepare your 2015 taxes with ease! J.K. Lasser's Your Income Tax 2016: For Preparing Your 2015 Tax Return is a bestselling tax reference that has been trusted by taxpayers for over seventy-five years. Updated to reflect the changes to the 2015 tax code, this authoritative text offers step-by-step instructions that guide you through the worksheets and forms you need to file your taxes according to the best tax strategy for your financial situation. Approachable yet comprehensive, this highly-regarded resource offers tax-saving advice on maximizing deductions and sheltering income, and provides hundreds of examples of how up to date tax laws apply to individual taxpayers. Additionally, special features inserted throughout the text highlight important concepts, such as new tax laws, IRS rulings, court decisions, filing pointers, and planning strategies. Tax laws change each year, and it is critical that you choose a trusted reference when updating your understanding of current tax codes. This highly-regarded text features the updated information you are looking for, as well as the fundamental best practices you need to confidently and accurately file your taxes in 2016. * Review the most recent tax law changes, ensuring that your tax preparation strategy is in line with legal requirements * Explore over 2,500 tax-saving tips that maximize your return by making the most of available deductions, sheltering income, and more * Access free supplemental materials encompassing the tax forms you need to file * Leverage a comprehensive topic index and quick reference section to quickly pinpoint specific information and expedite the tax preparation process J.K. Lasser's Your Income Tax 2016: For Preparing Your 2015 Tax Return is an essential text that guides you in preparing and filing your tax return with confidence.

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Easy-to-Use Format Explains Complex Tax Laws

• FILING TIPS and FILING INSTRUCTIONS help you prepare your 2015 return
• PLANNING REMINDERS highlight year-end tax strategies for 2015 and planning opportunities for 2016 and later years
• CAUTIONS point out potential pitfalls to avoid and areas where you might expect IRS opposition
• LAW ALERTS indicate recent changes in the tax law and pending legislation before Congress
• COURT DECISIONS highlight key rulings from the Tax Court and other federal courts
• IRS ALERTS highlight key rulings and announcements from the IRS

Basics of Filing (Chap. 1) including:
Which form to file ? Chap. 1
Filing as Head of Household ? Chap. 1
Filing for your children ? Chap. 1
Filing for married couples ? Chap. 1

What Must You Report as Income? (Chaps. 2?11) including:
Fringe benefits ? Chap. 3
Capital gains & losses ? Chap. 5
Traditional & Roth IRAs ? Chap. 8
Rental income ? Chap. 9

What Deductions Can You Claim? (Chaps. 12?21) including:
Moving expenses ? Chap. 12
Charitable deductions ? Chap. 14
Casualty loss ? Chap. 18
Who is a dependent? ? Chap. 21

How Much Tax Do You Owe? (Chaps. 22?28) including:
The AMT ? Chap. 23
Your child's tax ? Chap. 24
Personal tax credits ? Chap. 25
Estimated taxes ? Chap. 27

Strategies to Save You Taxes (Chaps. 29?39) including:
Tax-free residence sales ? Chap. 29
Investing in securities ? Chap. 30
Tax credits for education ? Chap. 33
Armed forces rules ? Chap. 35

Planning Ideas for Your Business (Chaps. 40?45) including:
Home office deduction ? Chap. 40
Keogh, Simple, or SEP ? Chap. 41
Auto expenses ? Chap. 43
Self-employment tax ? Chap. 45

Now That You're Done (Chaps. 46?48) including:
Tax Penalties ? Chap. 46, 48
Filing extensions ? Chap. 46
Amended returns ? Chap. 47
IRS audits ? Chap. 48