When it comes to preparing your clients' taxes, there's no room for errors. There's no need to rely on multiple guides, complicated documentation, or outdated information – everything you need is contained in this comprehensive resource. Estate, gift and generation-skipping taxĪ topical index makes it easy to quickly locate information, while Standard Federal Tax Reports simplify research.Corporate acquisitions, reorganizations, and liquidations.Depreciation, amortization, and depletion.Rules for individuals, corporations, S corporations, partnerships, trusts and estates, and exempt organizations.

There's no need to study multiple resources and wonder which details are most applicable to your needs – simply refer to the guide's checklists, overviews, and tables, including:

Master Tax Guide also includes numerous tables that provide fast reference information when you need it most. The guide also includes easy-to-use cross-references to the Internal Revenue Code, Income Tax Regulations, and other key tax law sources to connect explanatory text to the complex regulations it applies to.Īlongside detailed reviews of credits, expenses, penalties and interest, the 2020 U.S. Tax preparers can access resources for tax planning opportunities and guidance on several key issues, including the transition tax, Section 199A Qualified Business Income Deductions, bonus depreciation, GILTI, and more. You'll find extensive information on new tax legislation, including the:Īdditionally, the guide includes summaries of provisions enacted by each state to address these adjustments to the tax code. Master Tax Guide (2020) has been reorganized to reflect the updated tax structure and includes all the latest regulations to help you address the needs of clients, especially those affected most: individuals and businesses. With a careful assessment of all recent tax code changes, the U.S.

tax structure, as well as the latest updates covered by the Tax Cuts and Jobs Act, so you can ensure that your clients or business files their 2019 taxes accurately. This comprehensive guide has been carefully researched by experts to address the current U.S. To help you understand recent updates and essential regulations, Wolters Kluwer offers the U.S. As a tax professional, staying on top of all the annual changes to tax law and provisions is a substantial challenge.

2020 tax caster