This handout gives a definition of what the alternative minimum tax (AMT) is and how it is applied. It also highlights some historical perspective on how the AMT has changed over the years.
Read MoreThis handout provides guidance for taxpayers who are undergoing an IRS audit. It includes an overview of how audits are conducted as well as a strategy for preparing for the audit.
Read MoreThis handout defines what it means to be insolvent. Cancellation of Debt - Insolvency It includes a worksheet for a taxpayer to determine if he or she is insolvent and it explains the tax implications of cancelled debt.
Read MoreThis handout defines what assets are considered capital assets. It also discusses holding periods of assets, basis, and capital gain tax rates.
Read MoreThis guide outlines the types of qualified charities which can receive tax deductible donations. It also discusses contributions of property including the donation of a vehicle.
Read MoreThis handout provides a fair market value guide for the donation of goods. There is also a tracker for taxpayers to record donations.
Read MoreThis handout provides guidance on how to report income and expenses for ministers. It also provides information on a parsonage or housing allowance received.
Read MoreThis handout explores the different aspects of crowdfunding, from the project initiator to the backer/contributor.
Read MoreThis worksheet defines what is meant by support and includes a worksheet to help calculate the expenses paid to determine the financial support of an individual.
Read MoreThis handout defines the tax status of taxpayers who are separated or divorcing. It also provides information on property transfers, alimony, and child support.
Read MoreThis handout discusses the education tax benefits. It also provides a comparison of the education credits and discusses the education savings plans.
Read MoreThis handout highlights the rules regarding the exception to the 10% penalty for early retirement distributions. The handout also discusses the possible risks involved in implementing this strategy.
Read MoreThis handout defines the requirement to pay taxes through withholding and/or estimated payments. It includes estimated tax payment due dates.
Read MoreThis handout provides a listing of various tax credits available for families with children. The rules and limits for each credit are outlined.
Read MoreThis handout helps the taxpayer determine his or her tax filing status for the year. The handout includes a chart with the special rules for taxpayers filing Married Filing Separately (MFS).
Read MoreThis handout provides tax filing guidance for taxpayers who have financial assets in foreign countries. The information contains filing requirements and penalty information for failure to file.
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