Elkins' Comprehensive Tax Guide 2014 Edition edition by Chad Elkins Tim Elkins Professional Technical eBooks
Download As PDF : Elkins' Comprehensive Tax Guide 2014 Edition edition by Chad Elkins Tim Elkins Professional Technical eBooks 
This Tax Guide is an easy to use and understandable reference for anyone, including tax professionals, who prepare 2013 income tax returns. The Guide follows the flow of a tax return, from filing status and requirements through tax credits. It is primarily for use in preparing individual and small business tax returns, with chapters that include detailed discussions on employee travel and entertainment expenses, depreciation, and carrying on a trade or business as a sole proprietor, partnership, farmer, and S-Corporation. It also includes informative language and examples on classifying workers as employees vs. independent contractors, and reasonable salaries for S-Corporation shareholders.
A unique feature of this Guide compared to others on the market is a chapter devoted to dealing with the IRS, which alone is worth getting this Guide as a reference. It includes detailed information on applicable penalties for underpayment of taxes, failure to file, failure to pay, and how to avoid paying penalties and interest. It discusses how taxpayers can meet the eligibility requirements for the IRS "Fresh Start" program which is designed to help financially distressed taxpayers resolve tax problems more quickly and relieve them of certain penalties. Also, First-Time Penalty Abatement and the "Fast Track Settlement Program" are addressed, which are IRS initiatives designed to help taxpayers. The chapter on dealing with the IRS includes a section on IRS audits that talks about IRS notices and the Agency's latest concentration on its audit-by-mail program. It discusses how to survive an IRS audit, how to handle a dispute over a tax liability, how to prepare a request for appeals, closing agreements, offers in compromise, and what happens in Tax Court.
Perhaps the most important chapter in this Guide is the one about the "Patient Protection and Affordable Care Act," also known as Obamacare. This chapter discusses in detail all of the compliance and tax provisions of the law, including the additional 0.9% Medicare surtax on high-income earners, the 3.8% surtax on "net investment Income" of high-income earners, and the 2.3% excise tax on medical devices. The individual and employer mandates are discussed in detail, including penalties, exemptions, the IRS role in implementing the mandates, and the latest implementation timelines. While some IRS regulations and court cases are referred to in this Guide, the aim was to keep such references to a minimum. The goal was to discuss, in plain English, what is required and not required by tax laws and regulations without the legal jargon as much as possible, and to give understandable examples where needed. We believe our goal has been achieved by publishing this tax book.
Elkins' Comprehensive Tax Guide 2014 Edition edition by Chad Elkins Tim Elkins Professional Technical eBooks
Just picked up Elkins' comprehensive Tax Guide as this is the first year that I am not taking the standard deduction. The guide has already stopped me from making critical mistakes and helped show me what I can and cannot deduct. It brings to light so many elements that I would never had not thought of. The book is easy to follow and guides you through the process of filling your taxes. I highly recommend this guide to anyone who will be filing a complicated tax return or who has general questions about the tax code.Product details
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Elkins' Comprehensive Tax Guide 2014 Edition edition by Chad Elkins Tim Elkins Professional Technical eBooks Reviews
As a CPA working for a Big Four, every year I get my share of friends and family asking me to do their taxes for them. Since I work in Audit instead of Tax I usually try to avoid it, but after checking out this guide I’m actually looking forward to helping everyone out this year. It’s very easy to follow and is great for accountants and non-accountants alike. Definitely worth it!
This is a really helpful tax guide for small business owners. I have used this guide to answer tax questions I had about a rental property, as well as for my law firm. It was significantly easier to find the answers than doing an online search. Additionally, it saved me the time and expense of consulting with a CPA to find the answers. It is clear, concise, and informative. I highly recommend it for helpful tips on preparing income tax returns, as well as to use as a resource outside of tax season.
The guide was very helpful and easy to understand. I used it for several tax issues I was trying to understand including implications related to interest on student loan debt and and strategies for dealing with capital gains.
I am only about halfway through this highly informative read but I have already learned so much!!! I am definitely satisfied with my purchase - cannot believe how cheap it was for such a wealth of knowledge!
Amy B.
Best tax guide I have seen. Very understandable and easy for everyone to use. Has all the needed info or references.
Nice and simple, offered everything I could have needed on my ever-growing list of deductions. Could really use a more flashy cover, though. Brutal.
I bought this book to help me learn more about different tax deductions and credits while I prepare for some tax planning measures, and it was immensely helpful. I like how it’s written in plain English rather than referencing a bunch of IRS code sections or court cases. Great for those looking for a simple way to learn about taxes.
Just picked up Elkins' comprehensive Tax Guide as this is the first year that I am not taking the standard deduction. The guide has already stopped me from making critical mistakes and helped show me what I can and cannot deduct. It brings to light so many elements that I would never had not thought of. The book is easy to follow and guides you through the process of filling your taxes. I highly recommend this guide to anyone who will be filing a complicated tax return or who has general questions about the tax code.
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