How to pay zero taxes, 2016 /
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York :
McGraw-Hill Education,
[2016]
|
| Edition: | Thirty-third edition, 2016 edition. |
| Subjects: |
Table of Contents:
- Machine generated contents note: A.Alternatives to "Earned Income"
- 1.Hospitalization Premiums
- 2.Group Life Insurance Premiums
- 3.Group Legal Services Plans
- 4.Accident and Health Plans
- 5.Employee Death Benefits
- 6.Merchandise Distributed to Employees on Holidays
- 7."Expenses of Your Employer"
- 8.Meals and Lodgings
- 9.Employee Discounts
- 10.Workers' Compensation
- 11."Cafeteria" Plans and Flexible Spending Accounts
- 12.Dependent Care Assistance Program
- 13.Employer Educational Assistance
- 14.Employee Awards
- 15.Clergy Housing Allowance
- 16.Miscellaneous Fringe Benefits
- B.Donative Items
- 17.Gifts, Bequests, and Inheritances
- 18.Scholarships and Fellowships
- 19.Prizes and Awards
- 20.Qualified Charitable Distributions (QCDs)
- C.Investors
- 21.Interest on State and Municipal Obligations
- D.Benefits for the Elderly
- 22.Public Assistance Payments
- 23.Social Security and Other Retirement Benefits
- 24.Annuities
- 25.Sale of Your Home
- E.Miscellaneous Individual Exclusions
- 26.Carpool Receipts
- 27.Damages
- 28.Divorce and Separation Arrangements
- 29.Life Insurance
- 30.Qualified State Tuition ([§]529) Programs
- 31.Your Home[—]The Mother of All Tax Shelters!
- 32.Disabled Veteran Payments
- 33.Exclusion of Income for Volunteer Firefighters and Emergency Medical Responders
- 34.Unemployment Benefits
- 35.Homeowner Security
- 36.Reimbursed Costs to Parents of Children with Disabilities
- 37.Wrongful Conviction and Incarceration
- 38.Restitution Payments
- 39.Frequent Flier Miles
- 40.Hurricane Sandy
- 41.Cancellation of Indebtedness
- 42.Medicaid Payments for Foster Care of Related Individuals
- F.Schedule of Excludable Items
- A.Estimated Tax and Withholding Exemptions
- B.Credits
- 43.The Earned Income Credit
- 44.Excess Social Security Tax
- 45.The Child and Dependent Care Credit
- 46.Credit for the Elderly or Permanently and Totally Disabled
- C.Special Credits
- 47.Work Opportunity Credit (Formerly Targeted Jobs Tax Credit)
- 48.Welfare to Work Credit
- 49.Research Tax Credit
- 50.Orphan Drug Tax Credit
- 51.Adoption Assistance
- 52.Hope Scholarship Credit
- 53.American Opportunity Tax Credit
- 54.Lifetime Learning Credit
- 55.Child Tax Credit
- 56.Disability Credits
- 57.Health Insurance Credit
- 58.Saver's Credit
- 59.Small Employer Credit
- 60.Electric Vehicle Credit
- 61.Credit for Residential Energy Efficient Property
- 62.Energy Saving Home Improvement Credit
- 63.Hybrid Vehicles Credit
- 64.Telephone Tax Refund
- 65.First-Time Home Buyer Credit
- 66."Making Work Pay" Tax Credit
- 67.Plug-in Electric Drive Vehicle Credit
- 68.Plug-in Electric Vehicle Credit
- 69.Conversion Kits
- 70.Treatment of Alternative Motor Vehicle Credit as a Personal Credit Allowed against AMT
- 71.Small Business Health Insurance Credit
- 72.Foreign Tax Credit
- 73.The Premium Tax Credit
- A.Deductions for Adjusted Gross Income
- 74.Trade and Business Deductions
- 75.Employee Business Expenses of Actors and Other Performing Artists
- 76.Employee Business Expenses
- 77.Alimony
- 78.Interest on Qualified Education Loans
- 79.Retirement Plan Payments
- 80.Self-Employment Tax
- 81.Health Insurance Deduction for Self-Employeds
- 82.Moving Expenses
- 83.Clean Fuel Vehicles
- 84.Deduction for Qualified Higher Education Expenses-Tuition and Fees
- 85.Legal Fees
- 86.Classroom Materials
- 87.Medical Savings Accounts (Archer Medical Savings Accounts)
- 88.Health Savings Accounts
- 89.Sales Tax Deduction on Motor Vehicles
- A.The Importance of Filing Status
- B.Tax Planning with Itemized Deductions
- 90.Medical Expenses
- 91.Income Taxes
- 92.Real Property Taxes
- 93.Personal Property Taxes
- 94.Interest
- 95.Mortgage Insurance
- 96.Charitable Contributions
- 97.Casualty Losses
- 98.Theft Losses
- 99.Miscellaneous Trade and Business Deductions of Employees
- 100.Job Loss Insurance
- 101.Travel Expenses
- 102.Transportation Expenses
- 103.Meals and Entertainment Expenses
- 104.Gifts
- 105.Reimbursable Employee Business Expenses
- 106.Educational Expenses
- 107.Limit on Itemized Deductions
- C.Schedules of Deductions
- 108.Medical Deductions
- 109.Deductible Taxes
- 110.Charitable Deductions
- 111.Casualty and Theft Loss Deductions
- 112.Miscellaneous Deductions
- 113.Employee Miscellaneous Deductions
- 114.Investor Deductions
- A.Deferral and Leverage
- 115.Real Estate
- 116.Fees in Public Real Estate Partnerships
- 117.Oil and Gas
- 118.Equipment Leasing
- 119.Single-Premium Life Insurance
- 120.Cattle Feeding Programs
- 121.Cattle Breeding Programs
- 122.Tax Straddles
- 123.Art Reproduction
- 124.Noncash Gift Shelters
- 125.Municipal Bond Swaps
- B.How to Analyze a Tax Shelter
- 126.Getting Out of the Tax Shelter
- 127.Master Limited Partnerships
- 128.Abusive Shelters
- A.Family Shifts
- 129.Unearned Income of Minor Children
- 130.Outright Gifts
- 131.Clifford Trusts
- 132.Interest-Free Loans
- 133.The Schnepper Shelter: Gift Leasebacks
- 134.The Schnepper Deep Shelter
- 135.Family Partnerships
- 136.Family Trusts
- 137.The Schnepper Malagoli Super Shelter
- 138.Employing Members of the Family
- 139.Author's Delight
- B.Running Your Own Business
- 140.Your Home
- 141.Your Car
- 142.Meals and Entertainment
- 143.Travel and Vacation
- 144.Gifts
- 145.Advertising
- 146.Deductible Clothes
- 147.Creative Deductions-Busting the IRS
- 148.Medical Premiums
- 149.Borrowing from Your Company
- 150.Miscellaneous Corporate Advantages
- 151.Short Sales
- 152.Broad-Based Index Options and Regulated Futures Contracts (RFCs)
- 153.Wash Sales
- 154.Premiums on Taxable and Tax-Exempt Bonds
- 155.Original Issue Discount (OID)-Taxable Bonds
- 156.Original Issue Discount (01D)-Tax-Exempt Bonds
- 157.Market Discount
- 158.Municipal Bond Swaps
- 159.Employee Options-Nonqualified
- 160.Incentive Stock Options
- 161.Year-End Stock Sales
- 162.Fund Strategies
- 163.Dividends
- 164.Tax-Exempt Income
- 165.Old Prices
- 166.Alternative Minimum Tax for Individuals
- 167.U.S. Savings Bond Exclusion
- 168.Madoff Losses
- 169.Collars-Tax Free Lock in Your Gain
- 170.Defer Taxes
- 171.Accelerate Expenses
- 172.Accelerate Special Deductions
- 173.Dependents and Personal Exemptions
- 174.Phase-out of Exemptions
- 175.Timing Strategies
- 176.Retirement Plans
- 177.Individual Retirement Plans (IRAs)
- 178.H.R. 10 or Keogh Plans
- 179.Marital Status
- 180.The Goldinger Deferral
- 181.Marginal Rate Reductions
- A.Individual Income Tax Rate Structure
- B.Phase-out of Restrictions on Personal Exemptions
- C.Phase-out of Itemized Deductions
- 182.Tax Benefits Relating to Children
- A.Increase and Expand the Child Tax Credit
- B.Extension and Expansion of Adoption Tax Benefits
- C.Child Care Credit
- 183.Marriage Penalty Relief Provisions
- A.Standard Deduction Marriage Penalty Relief
- B.Expansion of the 15 Percent Rate Bracket for Married Couples Filing Joint Returns
- C.Marriage Penalty Relief and Simplification Relating to the Earned Income Credit
- 184.Education Incentives
- A.Modifications to Education IRAs
- B.Private Prepaid Tuition Programs; Exclusion from Gross Income of Education Distributions from Qualified Tuition Programs
- C.Exclusion for Employer-Provided Educational Assistance
- D.Modifications to Student Loan Interest Deduction
- E.Eliminate Tax on Awards Under the National Health Service Corps Scholarship Program and the F. Edward Hebert Armed Forces Health Professions Scholarship and Financial Assistance Program
- F.Deduction for Qualified Higher Education Expenses
- 185.Pension and Individual Retirement Arrangement Provisions
- 186.AMT Relief
- 187.Health Insurance for Self-Employed
- 188.Income Tax Treatment of Certain Restitution Payments to Holocaust Victims
- 189.Estate, Gift, and Generation-Skipping Transfer Tax Provisions
- A.Phase-out and Repeal of Estate and Generation-Skipping Transfer Taxes; Increase in Gift Tax Unified Credit Effective Exemption
- B.Expand Estate Tax Rule for Conservation Easements
- C.Modify Generation-Skipping Transfer Tax Rules
- B.Availability of Installment Payment Relief
- 190.Sunset
- 191.Bonus Depreciation
- 192.Net Operating Losses
- 193.Classroom Materials
- 194.Electric Vehicle Credit
- 195.Work Opportunity Tax Credit
- 196.Welfare to Work Tax Credit
- 197.Archer Medical Savings Account
- 198.Liberty Zone Benefits
- A.Rate Reductions
- B.The Marriage Penalty
- C.The Alternative Minimum Tax
- D.Child Tax Credit
- E.Dividends/Capital Gains
- F.Deduct Your SUV[—]Election to Expense
- A.The Tax Increase Prevention and Reconciliation Act of 2005
- B.The Pension Protection Act of 2006
- C.Tax Relief and Health Care Act of 2006
- A.The Mortgage Forgiveness Debt Relief Act of 2007
- B.The New Debt Relief Act
- C.The Economic Stimulus Act of 2008
- D.The Heroes Earnings Assistance and Relief Act of 2008
- E.The Housing and Economic Recovery Act of 2008
- 199."Making Work Pay" Tax Credit
- 200.Reducing the COBRA Bite
- 201.First-Time Home Buyer Credit Expanded
- 202.American Opportunity Tax Credit
- 203.Energy Credits
- 204.Plug-in Electric Drive Vehicle Credit
- 205.Plug-in Electric Vehicle Credit
- 206.Conversion Kits
- 207.Treatment of Alternative Motor Vehicle Credit as a Personal Credit Allowed against AMT
- 208.AMT Patch
- 209.Earned Income Credit
- 210.Child Tax Credit
- 211.Section 529 Plans
- 212.Unemployment Benefits
- 213.Qualified Transportation Benefits
- 214.Estimated Taxes
- 215.Motor Vehicle Sales Tax
- 216.Business Depreciation
- 217.NOL Carrybacks
- A.The Hiring Incentives to Restore Employment (HIRE) Act of 2010
- B.The Patient Protection and Affordable Care Act
- C.Small Business Jobs Act of 2010
- D.The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
- Contents note continued: E.American Tax Relief Act of 2012
- F.Tax Increase Prevention Act of 2014
- G.The Able Act
- H.More Changes.