This 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.
Read MoreThis handout highlights the tax reporting requirement for taxpayers who have gambling winnings. It also includes a worksheet to track gambling activity.
Read MoreThis handout discusses the provisions of Health Savings Accounts (HSAs). The rules and limitations are explained.
Read MoreThis handout discusses the duties of a personal representative for a taxpayer who has died. It also indicates tax reporting requirements for a deceased taxpayer and how to allocate the income in the year of death.
Read MoreThis handout highlights the components of Social Security retirement and disability benefits. It also provides an Overview of Medicare eligibility and benefits.
Read MoreThis handout contains information for homeowners over age 62 who may be interested in converting the equity in his or her home into cash. Included is guidance on who qualifies for a reverse mortgage and examples of reverse mortgage situations.
Read MoreThis handout discusses a taxpayer's various sources of retirement income including Social Security, pension, and IRA distributions. Age-specific requirements and tax implications are highlighted.
Read MoreThis handout discusses the tax advantages and rules of traditional IRAs. It also includes the phaseouts for deducting contributions for taxpayers who are also covered by an employer-sponsored plan.
Read MoreThis handout discusses the tax advantages of a Roth IRA. It includes information on contribution and conversion rules.
Read MoreThis handout reviews the rules for required minimum distributions from IRAs and defined contribution plans.
Read MoreThis handout discusses the various types of IRAs and the tax benefits and implications of each. It also discusses the effect of the taxpayer's participation in prohibited transactions within these types of accounts.
Read MoreThis handout discusses the choices a beneficiary has when inheriting a traditional or Roth IRA. It includes information on required minimum distributions.
Read MoreThis handout reviews the rules which allow higher income individuals to bypass income limitations and effectively make a Roth IRA contribution.
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