home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
ShareWare OnLine 2
/
ShareWare OnLine Volume 2 (CMS Software)(1993).iso
/
finance
/
ttool92.zip
/
INTRO.DOC
< prev
next >
Wrap
Text File
|
1992-12-15
|
6KB
|
143 lines
TaxTool 1992 provides information to help individuals prepare their 1992
federal income tax returns.
TaxTool 1992 is very similar to Internal Revenue Service publication 17. Many
parts of the text are taken directly from Pub 17.
If you find this file useful you are requested to send a $15.00 registration
fee to:
Tax Tools
16805 23rd Ave. SE
Bothell, Wa. 98012
If after using this file you are unable to find the information you need to
file your return the following offer is made. The author will help you find
the information you need. The cost is $15.00 for every 15 minutes of time
spent by the author. But if you are a registered user the first 15 minutes
is free. You may call me at (206) 485-9020 or contact me at Compuserve
ID number 72667,1647.
As this disk was being made (Nov. 1992) Congress was considering
legislation that could effect your 1992 federal income tax return.
To receive information about the most current tax changes please send
your $15.00 registration fee to the address below. This will be available
about Jan. 31, 1993.
Tax Tools
16805 23rd Ave. SE
Bothell, Wa. 98012
About the author. My name is John Fray. I have 6 years experience working
as a tax preparer/tax consultant first with H & R Block and then for a
CPA firm in Seatte, Washington. I also have a masters degree in taxation
from Golden Gate University in San Francisco. I currently work for a
software company in Seattle that makes income tax software used by many
CPA firms.
TaxTool is a registered trade mark of Tax Tools.
------------------------------- TaxTool 1992 ----------------------------------
Contents by Chapter Number
Introduction 24 Interest Expense
Important Changes for 1992 25 Contributions
Important Reminders 26 Nonbusiness Casualty and Theft
Part I The Income Tax Return Losses
1 Filing Information 27 Moving Expenses
2 Filing Status 28 Car Expenses and Other Employee
3 Personal Exemptions and Business Expenses
Dependents 29 Employees' Educational
4 Decedents Expenses
5 Tax Withholding and 30 Miscellaneous Deductions
Estimated Tax Part IV Figuring Your Taxes and
Part II Income Credits
6 Wages, Salaries, and Other 31 How to Figure Your Tax
Earnings 32 Tax on Investment Income of
7 Income from Tips Certain Minor Children
8 Interest Income 33 Child and Dependent Care
9 Dividends and Other Credit
Corporate Distributions 34 Credit for the Elderly or
10 Rental Income and Expenses the Disabled
11 Retirement Plans, Pensions 35 Earned Income Credit
and Annuities 36 Other Credits
12 Social Security and Equivalent The Examination and Appeals
Railroad Retirement Benefits Process
13 Other Income Tax Rate Schedules
Part III Gains and Losses Where to File
14 Basis of Property
15 Sale of Property
16 Selling Your Home
17 Reporting Gains and Losses
Part IV Adjustments to Income
18 Individual Retirement
Arrangements (IRAs)
19 Alimony
Part V Standard Deduction and
Itemized Deductions
20 Standard Deduction
21 Limit on Itemized Deductions
22 Medical and Dental Expenses
23 Taxes
The explanations and examples in this publication reflect the interpretation
of:
∙ Tax laws enacted by Congress,
∙ Treasury regulations, and
∙ Court decisions.
However, the information given does not cover every situation and is
not intended to replace the law or change its meaning.
This publication covers some subjects on which a court may have made a
decision more favorable to taxpayers than the interpretation presented here.
All taxpayers have appeal rights within the IRS and may appeal to the courts
when they do not agree with the interpretation of the IRS. Appeal procedures
are described in The Examination and Appeals Process, at the end of this
publication.
Introduction
This publication can help you prepare your own tax return by taking you
step by step through each part of the return. It explains the tax law in plain
language and will help you better understand your taxes so that you pay only
as much tax as you owe and no more.
The publication begins with the rules for filing a tax return. It explains who
must file a return, which tax form to use, when the return is due, and other
general information. It will help you decide which filing status you qualify
for, whether you can claim any dependents, and whether the income you
are receiving is taxable. The publication goes on to explain the standard
deduction, the kinds of expenses you may be able to deduct (like medical
expenses, donations to charities, etc.), and the various kinds of credits
you may be able to take to reduce your tax.
Throughout the publication are examples showing how the tax law applies in
typical situations. Sample forms and schedules show you how to fill out your
return.
If you operate your own business or have other self-employment income such
as babysitting or selling crafts, see these other publications for more
information:
∙ Publication 334, Tax Guide for Small Business,
∙ Publication 535, Business Expenses, and
∙ Publication 533, Self-Employment Tax.
You can get free IRS publications and forms. Call 1─800─TAX─FORM (1-800-
829─3676). Many public libraries also have reference sets of these
publications that you can use.