Wiley Registered Tax Return Preparer Exam Review 2012
The most effective system available to prepare for the new Tax Return Preparer Competency Exam

In recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law.

Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients.

  • Helps you zero in on areas that need work, organize your study program, and concentrate your efforts
  • Provides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency test
  • Covers the major parts of the exam and how to approach each one

Informative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.

1104729741
Wiley Registered Tax Return Preparer Exam Review 2012
The most effective system available to prepare for the new Tax Return Preparer Competency Exam

In recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law.

Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients.

  • Helps you zero in on areas that need work, organize your study program, and concentrate your efforts
  • Provides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency test
  • Covers the major parts of the exam and how to approach each one

Informative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.

35.49 In Stock
Wiley Registered Tax Return Preparer Exam Review 2012

Wiley Registered Tax Return Preparer Exam Review 2012

by The Tax Institute at H&R Block
Wiley Registered Tax Return Preparer Exam Review 2012

Wiley Registered Tax Return Preparer Exam Review 2012

by The Tax Institute at H&R Block

eBook

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Overview

The most effective system available to prepare for the new Tax Return Preparer Competency Exam

In recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax administration that adheres to professional standards and follows the law.

Beginning in 2011, tax return preparers are required to pass a competency test to officially become registered tax return preparers. The Wiley Registered Tax Return Preparer Exam Review Book 2012 has been designed with this in mind and is the perfect guide to help you pass this comprehensive test. The course, complete with extensive exercises and a final exam review, will provide you with a solid foundation on the subject of taxes, and the preparation of an accurate and complete income tax return. Along the way, it covers specific tax issues you need to be familiar with, including tax theory and law; conducting a thorough client interview; and offering tax advice and explanations to clients.

  • Helps you zero in on areas that need work, organize your study program, and concentrate your efforts
  • Provides paid tax return preparers who are not enrolled agents, attorneys, or Certified Professional Accountants (CPAs) with the individual taxation information they need to pass this competency test
  • Covers the major parts of the exam and how to approach each one

Informative and insightful, the Wiley Registered Tax Return Preparer Exam Review Book 2012 will put you in the best position possible to pass this important exam.


Product Details

ISBN-13: 9780470946381
Publisher: Wiley
Publication date: 01/27/2012
Sold by: Barnes & Noble
Format: eBook
Pages: 552
File size: 4 MB

About the Author

The Tax Institute at H&R Block is the company's independent research division, providing expert tax assistance and interpretation of tax law. The Tax Institute combines H&R Block's world-class training experience with the knowledge of the company's credentialed tax experts to create a unique exam review based on extensive resources from nearly 60 years in business, 550 million tax returns prepared, and more than 100,000 tax professionals trained each year. For more information, visit www.thetaxinstitute.com.

Table of Contents

Introduction vii

Strategies for Success on the Registered Tax Return Preparer Exam xi

Part 1 The Income Tax Return 1

Chapter 1 Filing Information 3

Chapter 2 Filing Status 13

Chapter 3 Personal and Dependency Exemptions 25

Part 2 Income and Assets 39

Chapter 4 Wages, Salaries, and Other Earnings 41

Chapter 5 Interest Income 53

Chapter 6 Dividends and Other Corporate Distributions 65

Chapter 7 Rental Income and Expenses 73

Chapter 8 Retirement Plans, Pensions, and Annuities 85

Chapter 9 Social Security and Equivalent Railroad Retirement Benefits 101

Chapter 10 Other Types of Income 109

Chapter 11 Self-Employment Activities 121

Chapter 12 Basis of Property 141

Chapter 13 Sale of Property 151

Chapter 14 Sale of Home 169

Chapter 15 IRA and HSA Contributions 181

Chapter 16 Education-Related Adjustments 191

Chapter 17 Business-Related Adjustments 199

Chapter 18 Alimony 209

Part 3 Deductions and Credits 217

Chapter 19 Standard and Itemized Deductions 219

Chapter 20 Medical and Dental Expenses 225

Chapter 21 Tax Payments 235

Chapter 22 Interest Payments 243

Chapter 23 Charitable Contributions 255

Chapter 24 Nonbusiness Casualty and Theft Losses 269

Chapter 25 Miscellaneous Itemized Deductions 279

Chapter 26 Employee Business Expenses 289

Chapter 27 Earned Income Credit 305

Chapter 28 Child and Dependent Care Credit 317

Chapter 29 Child Tax Credit 325

Chapter 30 Education Credits 331

Chapter 31 Other Tax Credits 339

Part 4 Other Taxes 357

Chapter 32 Figuring the Regular Tax 359

Chapter 33 The Alternative Minimum Tax 369

Chapter 34 The Kiddie Tax 377

Chapter 35 Other Taxes 387

Part 5 Completion of the Filing Process 397

Chapter 36 Tax Payments and Refund Options 399

Chapter 37 Completing and Filing the Return 413

Part 6 Practices and Procedures 423

Chapter 38 Preparer Responsibilities and Penalties 425

Part 7 Ethics and Circular 230 437

Chapter 39 Rules Governing Authority to Practice before the IRS 439

Chapter 40 Duties and Restrictions Relating to Practice before the IRS 447

Chapter 41 Sanctions for Violating Circular 230 459

Answers to Review Questions 469

Appendix: IRS Resources 507

Index 509

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