REVOLUTIONIZE THE WAY YOU USE YOUR TRUSTED TAX ... · REVOLUTIONIZE THE WAY YOU USE YOUR ... unlike eBooks from other providers that run on generic eReader apps and are limited to

REVOLUTIONIZE THE WAY YOU USE YOUR TRUSTED TAX & ACCOUNTING RESOURCES

introducing thomson reuters proview™the First intuitiveLY designed ereAder App deveLoped speciFicALLY For tAX And Accounting proFessionALs.

tax & accounting

DON’T JUST READ. ExPERiEncE, ExPLoRE anD intERact. access trusted thomson Reuters content from your iPad®, android® tablet and computer on our revolutionary new eBooks that provide advanced mobility, speed and customization that no other tax and accounting reference providers can match.unlike eBooks from other providers that run on generic eReader apps and are limited to features developed for leisure reading, our eBooks are powered by thomson Reuters ProView – the only eReader app developed specifically for tax and accounting professionals. ProView has been exclusively created to support professional-grade eBooks with unique fea-tures that are custom-tailored to each thomson Reuters publication. our new eBooks allow you to:

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customize Your eBook with A tAp oF Your Fingerthomson Reuters proview offers exclusive technology that allows you to truly customize your eBook and save your customization to your next edition, saving you valuable time next tax year.

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Access From where You need it most: everywhere Download proview to multiple devices for convenient access from your iPad, android tablet or a computer via your browser.

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REVOLUTIONIZE YOUR TAX AND ACCOUNTING REFERENCE LIBRARY WITH THESE eBOOKS

riA FederAL tAX hAndBook, 2013 editionPortable and easy-to-read, the RIA Federal Tax Handbook, 2013 Edition provides comprehensive answers to questions on: individual, trust, partnership and corporate taxation, deductions, credits, capital gains, iRas, SiMPLE and pension plans, education incentives, passive activity losses, employee benefits, estate and gift taxes, and much more.

use the hAndBook As A vALued resource For Your stAFF. Put this insightful advice and guidance on the latest tax topics and changes right at your employees’ fingertips. the Handbook offers:

• Detailed coverage of the latest tax legislation• current and future income tax rates, current estate, gift

and excise tax rates, and Social Security tax thresholds• guidance on which forms to use to report transactions• Extensive professional guidance based on the experience of

Ria’s expert editorial team

the Handbook features these great research aids:

• comprehensive topic index• Margin index on the back cover• approximately 40 pages of depreciation and inclusion

amount tables • table of contents• Description of what’s new on the Form 1040• tax calendar• comprehensive list of iRS publications

riA FederAL estAte And giFt tAX hAndBookthis new handbook puts up-to-date estate, gift, and generation-skipping transfer tax information at the fingertips of tax professionals, financial planners, estate representatives, and anyone else involved in estate planning or transfer tax return compliance.

Written in clear, understandable language, the Ria Federal Estate and Gift Tax Handbook explains the statutory, regulatory, and basic judicial rules governing the interrelated Federal estate, gift, and generation skipping transfer taxes, which have been drastically affected by recent legislation and soon will be fundamentally changed again. The Handbook gives its users what they need to know to cut through the complex thicket of constantly changing rules to produce solid planning results and meet all compliance obligations as easily as possible.

The Handbook is designed to produce fast, clear answers to a wide range of transfer tax questions and issues. it includes:

• Easily understandable explanations of the latest transfer tax rules and how they affect planning decisions.

• analysis of recent legislative, administrative, and judicial developments affecting transfer taxes

• tables of rates, exemptions and other key figures, for easy reference

• Sample filled-in estate and gift tax forms based on real world scenarios, to help solve return preparation issues

• a comprehensive topic index to get the user to needed information quickly

• a bound-in quick reference card for handy access to tax rates, exclusions, and other helpful facts and figures.

riA’s compLete internAL revenue codethe Ria”s complete internal Revenue code places the entire internal Revenue code and over 50 years of legislative history at your fingertips. this comprehensive paperback provides the entire code in one convenient, easy-to-use volume. Ria’s coverage (including legislative history back to 1954) contains complete text of income, estate, gift, excise, withholding, procedure, administration, Fica and Futa. the publication reflects tax legislation to the date of publication.

BUY BOTH PRINT + eBOOK AND SAVE

riA’s FederAL tAX reguLAtions

Recently expanded to accommodate all of the recent tax regulation changes, RIA’s Federal Tax Regulations includes all tax regulations – including payroll – in a comprehensive eight volume set. this “must have” desk reference provides the official text of all treasury Regulations (final, temporary, and proposed) governing income, estate, gift, excise, withholding, procedure, administration, Fica, Futa, and payroll.


premium QuickFinder® hAndBook

the Premium Quickfinder Handbook is a handy combination of the most important 1040 and Small Business topics you need to complete tax returns for individuals and businesses.

the Premium Quickfinder Handbook

• Has 26 chapters on how to prepare individual and small business federal tax returns. • includes over 500 pages of individual & small business quick reference tax information, all in one convenient source. • includes the traditional Quickfinder laminated cover and tabs, colored pages, tax humor, tax tables and pocket insert. • is written by the leading Quickfinder authors who have

served the tax preparation community for over 40 years.

Available december 2012

premium QuickFinder® hAndBook — registered tAX return prepArer edition

introducing a Special Edition of the Premium Quickfinder Handbook tailored specifically to the needs of Registered Tax Return Preparers (RtRPs).

The Premium Quickfinder Handbook RTRP Edition includes all of the same great content as the traditional Premium Quickfinder Handbook plus two additional tabs. You’ll get all the tax quick reference material you need to complete tax returns for individual and businesses plus important informa-tion on the evolving rules and requirements for RtRPs. and now that all paid tax return preparers are subject to iRS cir-cular 230, you’ll have it at your fingertips along with insights into its key provisions and rules.

tab titles include:1-26. Same as traditional Premium Quickfinder Handbook (see previous page for details) 27. RTRPs • Registered Tax Return Preparers (RTRPs) • Preparer Tax Identification Numbers (PTINs) • Competency Test • Tax Compliance and Suitability Checks • Continuing Education • Practice Limitations 28. IRS Circular 230 • Rules of Practice • Grounds for Disciplinary Proceedings • Sanctions and Monetary Penalties • Treasury Department Circular No. 230 index

TAX PREPARATION

PremiumQuickfi nder Handbook

®

Registered Tax Return Preparer Edition

1040Small Business

Estate and TrustExempt Organization

Payroll Tax2012 Tax Year

Form 1120 Corporation Tax Rate Schedule

—Quick Tax Method—For tax years beginning after December 31, 1992

TAXABLE INCOME × % MINUS $ = TAX$ 0 – $ 50,000 × 15% minus $ 0 = Tax

50,001 – 75,000 × 25% minus 5,000 = Tax75,001 – 100,000 × 34% minus 11,750 = Tax

100,001 – 335,000 × 39% minus 16,750 = Tax335,001 – 10,000,000 × 34% minus 0 = Tax

10,000,001 – 15,000,000 × 35% minus 100,000 = Tax15,000,001 – 18,333,333 × 38% minus 550,000 = Tax18,333,334 and over × 35% minus 0 = Tax

� Note: See Basics of Corporations on Page 17-1 for exceptions to above tax rates and an example of how to use the Quick Tax Method.

Form 1041 2011 Fiduciary Tax Rate Schedule

—Quick Tax Method— TAXABLE INCOME × % MINUS $ = TAX$ 0 – $ 2,300 × 15% minus $ 0.00 = Tax

2,301 – 5,450 × 25% minus 230.00 = Tax5,451 – 8,300 × 28% minus 393.50 = Tax8,301 – 11,350 × 33% minus 808.50 = Tax

11,351 and over × 35% minus 1,035.50 = Tax

� Note: The 10% tax bracket that applies to individuals does not apply to estates and trusts.

Forms 706 and 709Estate and Gift Tax Rate Schedule

—Quick Tax Method—For gifts made and estates of decedents dying in 2011

TAXABLE AMOUNT × % MINUS $ = TAX*$ 0 – $ 10,000 × 18% minus $ 0 = Tax

10,001 – 20,000 × 20% minus 200 = Tax20,001 – 40,000 × 22% minus 600 = Tax40,001 – 60,000 × 24% minus 1,400 = Tax60,001 – 80,000 × 26% minus 2,600 = Tax80,001 – 100,000 × 28% minus 4,200 = Tax

100,001 – 150,000 × 30% minus 6,200 = Tax150,001 – 250,000 × 32% minus 9,200 = Tax250,001 – 500,000 × 34% minus 14,200 = Tax500,001 and over × 35% minus 19,200 = Tax

* Less applicable credit amount. See the charts at the beginning of Tab 22.

Form 1040 2011 Quick Tax Method*

MFJ or QW Taxable Income$ 0 – $ 17,000 × 10% minus $ 0.00 = Tax

17,001 – 69,000 × 15% minus 850.00 = Tax69,001 – 139,350 × 25% minus 7,750.00 = Tax

139,351 – 212,300 × 28% minus 11,930.50 = Tax212,301 – 379,150 × 33% minus 22,545.50 = Tax379,151 and over × 35% minus 30,128.50 = Tax

Single Taxable Income$ 0 – $ 8,500 × 10% minus $ 0.00 = Tax

8,501 – 34,500 × 15% minus 425.00 = Tax34,501 – 83,600 × 25% minus 3,875.00 = Tax83,601 – 174,400 × 28% minus 6,383.00 = Tax

174,401 – 379,150 × 33% minus 15,103.00 = Tax379,151 and over × 35% minus 22,686.00 = Tax

HOH Taxable Income$ 0 – $ 12,150 × 10% minus $ 0.00 = Tax

12,151 – 46,250 × 15% minus 607.50 = Tax46,251 – 119,400 × 25% minus 5,232.50 = Tax

119,401 – 193,350 × 28% minus 8,814.50 = Tax193,351 – 379,150 × 33% minus 18,482.00 = Tax379,151 and over × 35% minus 26,065.00 = Tax

MFS Taxable Income$ 0 – $ 8,500 × 10% minus $ 0.00 = Tax

8,501 – 34,500 × 15% minus 425.00 = Tax34,501 – 69,675 × 25% minus 3,875.00 = Tax69,676 – 106,150 × 28% minus 5,965.25 = Tax

106,151 – 189,575 × 33% minus 11,272.75 = Tax189,576 and over × 35% minus 15,064.25 = Tax

* Assumes taxable income is all ordinary income. Multiply taxable income by the applicable tax rate and subtract the amount shown. Although this method differs from the IRS Tax Rate Schedules, the results are the same.

� Caution: IRS Tax Tables must be used for taxable income under $100,000. To calculate the exact tax using the Quick Tax Method for taxable income under $100,000, round taxable income to the nearest $25 or $75 increment before using the formula. Round $50 or $100 increments up.

2011 Key AmountsStandard Deduction: Earned Income Credit (Maximum):

MFJ or QW1 ........................... $11,600 No children ............................$ 464Single2 ................................... 5,800 1 child .................................... 3,094HOH2 ..................................... 8,500 2 children ............................... 5,112MFS1 ...................................... 5,800 >2 children ............................. 5,751Dependent2 ............................ 9503 Investment income limit ......... 3,150

Personal Exemption .............. $ 3,700 Kiddie Tax Threshold ...........$ 1,900AMT Exemption: Elective Deferral Limits:

MFJ or QW ........................... $74,450 < age 50 ≥ age 50Single or HOH ...................... 48,450 SIMPLE IRA ......... $11,500 $ 14,000MFS ...................................... 37,225 401(k) .................. 16,500 22,000

Standard Mileage Rates: Section 179 Deduction Limits:1/1–6/30 7/1–12/31

Business .............. 51¢ 55.5¢ Overall ...................................$500,000Medical/moving .... 19¢ 23.5¢ SUV (per vehicle) .................. 25,000Charitable ............ 14¢ 14¢ Qualified real property ........... 250,0001 Add $1,150 for age 65 or older or blind, each.2 Add $1,450 for age 65 or older or blind, each.3 If greater, amount of earned income plus $300 (but not to exceed $5,800).

2012 Tax TableEIC Table

State

1040 Quickfacts

Worksheets

1040Line-by-Line

SchsA & B

SchsC, F & SE

Sch. D4797

Sch. EPassive At-Risk

2106Travel

Meals & Ent.

4562DepreciationSection 170

Autos &Listed Property

1040Credits, AMTSpecial TPs

ChildrenEducationDivorce

Retirement & Social Security

BusinessReference & Worksheet

Partnerships1065

C Corps1120

S Corps1120S

ExemptOrganizations

990

LLC &Other Entities

Ficuciary1041

Other BusinessRelated Tabs,

Index & Organizers


1040 QuickFinder® hAndBook

#1 Quick Reference Tax Handbook in America for over 40 Years.

the 1040 Quickfinder® Handbook has over 300 pages covering what you need to know to prepare federal individual income tax returns. we have been producing this Handbook for over 40 years, and our accurate, easy-to-read content is the industry leader for tax professionals. covers all aspects of preparing Form 1040, including tax changes and developments.


1040 QuickFinder® hAndBook — registered tAX return prepArer edition

introducing a Special Edition of the 1040 Quickfinder Handbook tailored specifically to the needs of Regis-tered tax Return Preparers (RtRPs).

the 1040 Quickfinder Handbook RTRP Edition includes all of the same great content as the traditional 1040 Quickfinder Handbook plus two additional tabs. You’ll get all the tax quick reference material you need when preparing Form 1040 plus important information on the evolving rules and requirements for RtRPs. and now that all paid tax return preparers are subject to IRS Circular 230, you’ll have it at your fingertips along with insights into its key provisions and rules.


smALL Business QuickFinder® hAndBook

Forms 1065, 1120, 1120s, 1041, 706, 709 and 990.

an easy-to-use resource for tax professionals, financial planners, and small business owners.

Your first-stop resource for preparing tax returns for all small businesses! the easy-to-read explanations of the rules are supported by many practice tips and examples, all organized by types of entities for quick reference.

• Also covers tax returns for estates, trusts and tax-exempt organizations.

• Provides concise guidance on payroll, benefits, depreciation, formation, disposition, tax credit, and accounting issues.

• includes filled-in tax forms and line-by-line coverage.


ALL stAtes QuickFinder® hAndBook

Quick handy access to over 500 pages of individual state tax filing instructions for all 50 states.

the All States Quickfinder® Handbook contains a complete, concise and consistent summary of instructions for filling out state individual income tax returns for all 50 states and the District of columbia. topics are presented in a consistent format, making it easy to find information regardless of the state.

Like all Quickfinder Handbooks, the All States Quickfinder Handbook uses clear language in an easy-to-use, tabbed format.



individuALs—speciAL tAX situAtions QuickFinder® hAndBookSteers preparers through the maze of unique tax rules that apply to individuals due to occupations, investments, or certain life events.

For each type of taxpayer, you’ll get a quick summary of the key tax rules and relevant iRS materials; definitions of key terms about that type of client, tax preparation guidance covering the unique rules and filing requirements for that specific type of taxpayer; time-saving tips, observations, strategies, and other preparation alerts; examples of real-life situations; and quick reference tables and charts.

the types of individuals covered in this Handbook include:

depreciAtion QuickFinder® hAndBookQuick answers to all your business property questions!

the Depreciation Quickfinder® Handbook answers your tax depreciation and business property questions—determining the right recovery periods, computing the right amount of depreciation, deciding whether expenses need to be capitalized, dealing with the special rules for autos and other listed property, claiming the Section 179 and bonus depreciation deductions, and much more.

• covers property dispositions, including tricky tax rules for installment sales, like-kind exchanges and depreciation recapture.

• Provides loads of easy-to-read depreciation tables for MacRS (with or without bonus depreciation), aDS, aMt, and acRS.

tab titles include:

1. Depreciable Property 2. MACRS 3. Other Depreciation Methods 4. MacRS Depreciation tables 5. Section 179 Expensing 6. Vehicles and Listed Property 7. Real Property 8. Sales and Dispositions 9. Exchanging Property 10. correcting Depreciation Errors 11. intangible assets 12. IRS Materials 13. Glossary, New Law index

• authors & writers• aliens—nonresident/

resident• Bankrupt individuals• construction contractors• Daycare providers• Decedents• Direct sellers (Mary Kay,

avon, Quixtar, etc.)• Disabled taxpayers• Disaster victims• Divorced taxpayers• Elderly• Executives• Expatriates• Farmers/ranchers• gamblers• Household employers

• Military personnel• Ministers/clergy• oil and gas investors• Performing artists and

athletes• Professionals• Real estate agents• Real estate owners &

investors• Restaurant owners• Retailers• Statutory employees• Stock traders/investors• Students• teachers• transportation workers/

truckers• Waiters and waitresses


ppc’s guide to compiLAtion And review engAgementsUpdated for SSARS 19 Conforming Changes.

ppc’s guide to compilation and review engagements has been updated for additional conforming changes made by the aicPa after SSaRS 19 became effective. Stay in compliance with standards with this new edition. the guide includes:

• Revised engagement and management representation letters.

• Revised accountant’s reports.• Revised procedures checklists to ensure you meet

documentation requirements.• Discussions of these latest changes.• Sample financial statements and a financial statement

disclosure checklist.

ppc’s guide to prepAring FinAnciAL stAtements

this Guide gives you everything you need to quickly and efficiently create financial statements and notes that conform to generally accepted accounting principles or another comprehensive basis of accounting. in addition:

• the disclosure checklists are current and take you step-by-step through disclosure issues and questions.

• the text guides you through complex reporting and disclosure areas, such as fair value measurements, uncertain income tax positions, and gaaP vs. ocBoa matters, and issues unique to retail, real estate, automobile dealerships, and other industries.

• the trends volume includes at least 40 real-life example financial statements and notes of many types and sizes of entities.

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ABOUT THOMSON REUTERS Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered near Dallas, Tax & Accounting has major operations in Ann Arbor, Hyderabad, London, New York and Sydney. For more information, go to http://thomsonreuters.com/products_services/

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QUICKFINDER®The clear leader in tax quick reference for over 40 years. Tax professionals trust Quickfinder handbooks to provide concise, accurate, quick-read answers to all of your tax questions.

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REVOLUTIONIZE THE WAY YOU USE YOUR TRUSTED TAX ... · REVOLUTIONIZE THE WAY YOU USE YOUR ... unlike eBooks from other providers that run on generic eReader apps and are limited to