This book is designed to not only expose beginning tax students to tax law, but to also teach the practical intricacies involved in preparation of a tax return. Emphasizing a hands-on approach to tax education, every concept introduced in the text includes meaningful exercises that allow students to reinforce what they are learning. Actual tax forms are included within the textafrom the simplest 1040EZ to the numerous 1040 schedule formsawith real-world data inserted into actual tax forms to demonstrate applied skills. Tax software is also a part of the text package, providing yet another tool to bridge the gap between understanding and practical application of tax law.... limits for luxury autos and light trucks placed in service in tax year 2006 follow: EXAMPLE 6-17 Allison purchased a Toyota Camry for $22, 000 to be used exclusively for business. ... 1 (2006) $2, 960 $3, 260 Year 2 (2007) 4, 800 5, 200 Year 3 (2008) 2, 850 3, 150 Year 4 (2009) and succeeding 1, 775 1, 875 These limits ... Chapter 6 Self-Employed Business Income (Line 12, Form 1040 and Schedule C) 6-17.
|Title||:||Fundamentals of Taxation with Taxact 2006 Deluxe|
|Author||:||Ana M. Cruz, Mike DesChamps, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler|
|Publisher||:||McGraw-Hill/Irwin - 2006-11|