FastTaxFacts

10 laminated fast-answer tri-fold sheets, bound into one book. Each sheet contains popular charts found throughout all editions of TheTaxBook Series.
Start Ship Date: 12/15/21

$69

About the FastTaxFacts

Product Details
  • Contains 10 laminated fast-answer sheets.
  • Each sheet is tri folded and contains six pages.
  • Sheets expand in size to 24 1/2" X 11".
  • Sheets are tabbed for easy navigation.
  • Detailed index helps you find answers fast.
  • Keep sheets together in one book. Or, remove binding to separate sheets so multiple individuals can reference different sheets at the same time.
FastTaxFacts Tab Contents
Each tab contains six pages packed with fast-answer charts!
Tab Tab Title
Tab 1
Individual
  • Federal Tax Rate Schedule
  • Standard Deduction
  • Personal Exemption Deduction
  • Penalty for Not Having Health Insurance
  • Kiddie Tax
  • Filing Requirement
  • Social Security and Medicare Taxes
  • Phaseouts Based on Modified AGI
  • Head of Household Filing Status Chart
  • Refund Status
  • Identity Protection PIN (IP PIN)
  • Married Filing Separately - Special Rules
  • Nontaxable Income - Excluded
  • Alimony Requirements
  • Retirement plan Limits
  • IRA Limits
  • Exceptions to 10% Penalty on Early Distributions
  • Retirement Savings Contribution Credit Chart
  • AMT Exemption Amount and Phaseout Range
  • Community Property States
  • Health Savings Account (HSA) Limits
  • Cafeteria Plan - Health FSA Limit
  • QSEHRA Limits
  • Earned Income Credit Chart
  • Schedule A (Form 1040) Highlights
  • Student Loan Interest Deduction
  • Preparer Due Diligence
  • Dependent Credits
  • American Opportunity Credit
  • Lifetime Learning Credit
  • Education Expenses
  • Tax Rats: Capital Gain and Dividend Income
  • Estate and Gift Tax
  • Tax Treatment of Stock Options
  • Household Employee Filing Requirements Chart
  • Net Investment Income Tax
  • Standard Mileage Rates
  • Per Diem Rates - Continental U.S. (CONUS)
  • Business Use of Home Methods
  • Deduction Shareholder's Suspended Pass-Through Losses
  • Partnerships
  • Schedule E (Form 1040) Details
  • Rental Activity Income
  • Rental Real Estate Loss for Individuals
  • How to Classify Rental Property for Tax Treatment
Tab 2
1099/W2 Roadmap
  • W-2, Wage Statement
  • W-2G, Certain Gambling Winnings
  • 1099-MISC, Miscellaneous Income
  • 1099-INT, Interest Income
  • 1099-DIV, Dividends and Distributions
  • 1099-B, Proceeds From Broker and Barter Exchange Transactions
  • 1099-S, Proceeds From Real Estate Transactions
  • 1099-R, Distributions From Pensions, Annuities, Retirement, or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
  • 1099-G, Certain Government Payments
  • 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
  • Form 1098-E, Student Loan Interest Statement
  • Form 1098-T, Tuition Statement
  • 1099-Q, Payments From Qualified Education Programs (Under Section 529 and 530)
  • Form 1099-A, Acquisition or Abandonment of Secured Property
  • Form 1099-C, Cancellation of Debt
  • 1099-LTC, Long-Term Care and Accelerated Death Benefits
  • 1099-PATR, Taxable Distributions Received From Cooperatives
Tab 3
Dependents
  • Dependency Tests Chart
  • Qualifying Child for Earned Income Credit (EIC) Chart
  • Earned Income Credit Additional Information Chart
  • Filing Requirements for Dependents Chart
  • Dependent Credits Chart
  • Kiddie Tax Chart
  • Qualifying Person for Child and Dependent Care Credit Chart
  • Child and Dependent Care Expenses Chart
  • Child and Dependent Care Credit Flow Chart
  • Claiming a Dependent's Education Expenses Chart
  • Qualifying Person for Head of Household Chart
  • Qualifying Widow(er) With Dependent Child Chart
  • Education Benefits Chart
Tab 4
Social Security & Medicare
  • Social Security - How to Qualify for Benefits
  • Taxability of Social Security Benefits
  • Working While Receiving Social Security Benefits
  • Social Security - Full Retirement Age
  • Lump-Sum Death Benefits
  • Social Security and Medicare Highlights
  • Social Security - Early Retirement Reduced Benefits
  • Social Security Benefits - Types and Requirement to Receive
  • Social Security - Taxable Benefits
  • Medicare - Basics
  • Medicare Eligibility
  • Medicare Part A, B, C, D
  • Medicare Basic Coverage
  • Supplement Security Income (SSI)
  • Railroad Retirement Benefits
  • Form SSA-1099
  • Form RRB-1099
  • Medicare Costs
  • Contact Information
Tab 5
Military
  • Extensions for Military Personnel
  • Interest-Free Deferral Request
  • Combat Zone Tax Provisions
  • IRAs for Military Personnel
  • Income Exclusions/Inclusions
  • Joint Returns for Military Couples
  • Combat Zone Provisions for Deceased Taxpayer
  • Military Service and Principal Residence
  • Foreign Asset Reporting
  • Military Reservists
  • VA Benefits and Retiree Pay
  • CRDP and CRSC Payment to Military Retirees
  • Moving Expenses of Military Taxpayers
  • Legal Residence/Domicile
  • Home of Record
Tab 6
International
  • Taxation of Worldwide Income
  • Resident Aliens
  • Taxpayer Abroad Extension Summary
  • Form 2555, Foreign Earned Income
  • Bona Fide Residence Test
  • Physical Presence Test
  • Tax Home in a Foreign Country
  • Foreign Housing Expenses
  • Form 1116, Foreign Tax Credit
  • Individual Taxpayer Identification Number (ITIN)
  • Tax Treaties and Totalization Agreements
  • Reporting Foreign Assets
  • Dual-Status Aliens
  • Expatriation Tax
  • Exempt Aliens
Tab 7
Business
  • C Corporations
  • Net Operating Loss (NOL)
  • Business Filing Requirements
  • Limited Liability Company (LLC)
  • Qualified Business Income (QBI) Deduction
  • Reduced QBI Deduction
  • Specified Service Trade or Business (SSTB)
  • Personal Service Corporations
  • Nondiscrimination Rules Chart
  • Where to Deduct Qualified Pension Plan and IRA Contributions Chart
  • Entertainment Expense Deduction
  • Like-Kind Exchanges
  • Where to Deduct Interest Expense
  • Section 179 Limits
  • Partnership Basis
  • Spousal Partnerships
  • Tax-Exempt Organizations
  • S Corporation Reasonable Compensation
  • S Corporation Shareholder's Basis Adjustments
  • Relief for Late S Corporation Elections
Tab 8
Depreciation
  • MACRS Recovery Periods
  • MACRS Percentage Charts
  • Section 179 Limits
  • MACRS Depreciation Methods
  • Depreciation and Alternative Minimum Tax
  • Qualified Real Property
  • Depreciation Formulas
  • Vehicle Depreciation Limitations
  • Farming Asset Recovery Periods
  • Repairs vs. Improvements
  • Special Depreciation Allowance
  • Amortization
  • Section 197 Intangibles
  • MACRS Conventions
  • Correcting Depreciation Errors
Tab 9
Repairs & Improvements
  • MACRS Recovery Periods
  • Repairs
  • Improvements
  • Betterments
  • Restorations
  • Adaptations
  • Small Taxpayer Safe Harbor Election
  • Unit of Property
  • Partial Dispositions
  • Materials and Supplies
  • Remodel-Refresh Safe Harbor
  • Units of Property
  • Routine Maintenance Safe Harbor
  • Capitalize Repair and Maintenance Costs Election
  • De Minimis Safe Harbor Election
Tab 10
Starting a Business
  • Entity Classification Elections
  • Business Agreements
  • Employer Identification Numbers (EIN)
  • Which Forms to File
  • Starting a Business Checklist
  • Tax Treatment for Buyers and Sellers
  • Interview Questions
  • Business Planning
  • Tax Treatment for Buyers and Sellers
  • Special Rules for Various Types of Employment
  • Taxation Summary - Corporations and Partnerships
  • Employer's Payroll Tax Calendar
  • S Corporation Election
  • Business Entity Pros and Cons
  • Secretaries of State Contact Information
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