Special Tax Provisions

Involuntary Conversions
Introduction 2001
Replacement Period 2002
What Qualifies as “Replacement Property” 2003
Condemnation Awards 2004
Property Replaced in Kind 2005
Other Examples of Involuntary Conversion 2006
Special Relief Provisions for Disaster-Related Involuntary Conversions 2007
The Installment Method of Reporting Income
Introduction 2008
Reporting Installment Sales on the Tax Return 2009
Election of Regular Method 2010
Contract Price 2011
Imputed Interest 2012
Deferred Payment Sales 2013
Recapture of Depreciation and Other Expenses
What is Depreciation Recapture 2014
“Section 1245” Income 2015
Depreciation Recapture on Real Estate 2016
Recapture of Farm Development Expenses 2017
The Alternative Minimum Tax
Introduction 2018
Adjustments to Taxable Income 2019
What are Tax Preferences 2020
The Alternative Minimum Tax Computation 2021
ATM Credit 2021A
The Individual Retirement Account (IRA) and Other Retirement Plans
Introduction 2022
Married Taxpayers 2023
Special Rules for Individuals Participating in Employer-Sponsored Retirement Plans 2024
Nondeductible Contributions 2025
Tax Free Rollovers 2026
Distributions – Penalty Provisions 2027
The Roth IRA 2028
Rollovers 2029
Planning Considerations – Roth IRA vs Traditional IRA 2030
The Education IRA 2031
SIMPLE Retirement Plans 2032
Other Employer Pension and Retirement Plans 2033
Distributions from Pension and Profit Sharing Plans 2034
Self Employed Retirement Plans 2035
Special Provisions for Businesses Located in Empowerment Zones 2036
Medical Savings Account 2037
Early Attempts at Income Taxation 101
The Present Income Tax Law 102
Introduction – General Principles – Definitions 103
Classification of Taxpayers 104
Purpose of the Income Tax Return – Withholding and Estimated Tax 105
Accounting Period -The Taxable Year 106
Accounting Methods 107
The Cash Basis 108
The Accrual Basis 109
Change in Accounting Method 110
When to File the Income Tax Return 111
Penalties 112
Installment Payment of Tax 112A
Where and How To File Manual and Electronic Filing 113
Who Must File a Return 114
Joint Return of Husband & Wife 115
Separate Return of Husband & Wife 116
Who is considered as “Married”? 117
Special Provision for Married Persons Living Apart 118
Minors 119
The Tax Return Forms and Schedules 120
Payment of the Tax 121
Section II
Introduction 122
Gross Income 123
Deductions from Gross Income 124
Adjusted Gross Income 125
Deductions from Adjusted Gross Income 126
Taxable Income 127
Tax Credits 128
The Filing Requirements for Special Taxpayers 129
Involuntary Conversions
Introduction 2001
Replacement Period 2002
What Qualifies as “Replacement Property” 2003
Condemnation Awards 2004
Property Replaced in Kind 2005
Other Examples of Involuntary Conversion 2006
Special Relief Provisions for Disaster-Related Involuntary Conversions 2007
The Installment Method of Reporting Income
Introduction 2008
Reporting Installment Sales on the Tax Return 2009
Election of Regular Method 2010
Contract Price 2011
Imputed Interest 2012
Deferred Payment Sales 2013
Recapture of Depreciation and Other Expenses
What is Depreciation Recapture 2014
“Section 1245” Income 2015
Depreciation Recapture on Real Estate 2016
Recapture of Farm Development Expenses 2017
The Alternative Minimum Tax
Introduction 2018
Adjustments to Taxable Income 2019
What are Tax Preferences 2020
The Alternative Minimum Tax Computation 2021
ATM Credit 2021A
The Individual Retirement Account (IRA) and Other Retirement Plans
Introduction 2022
Married Taxpayers 2023
Special Rules for Individuals Participating in Employer-Sponsored Retirement Plans 2024
Nondeductible Contributions 2025
Tax Free Rollovers 2026
Distributions – Penalty Provisions 2027
The Roth IRA 2028
Rollovers 2029
Planning Considerations – Roth IRA vs Traditional IRA 2030
The Education IRA 2031
SIMPLE Retirement Plans 2032
Other Employer Pension and Retirement Plans 2033
Distributions from Pension and Profit Sharing Plans 2034
Self Employed Retirement Plans 2035
Special Provisions for Businesses Located in Empowerment Zones 2036
Medical Savings Account 2037
Early Attempts at Income Taxation 101
The Present Income Tax Law 102
Introduction – General Principles – Definitions 103
Classification of Taxpayers 104
Purpose of the Income Tax Return – Withholding and Estimated Tax 105
Accounting Period -The Taxable Year 106
Accounting Methods 107
The Cash Basis 108
The Accrual Basis 109
Change in Accounting Method 110
When to File the Income Tax Return 111
Penalties 112
Installment Payment of Tax 112A
Where and How To File Manual and Electronic Filing 113
Who Must File a Return 114
Joint Return of Husband & Wife 115
Separate Return of Husband & Wife 116
Who is considered as “Married”? 117
Special Provision for Married Persons Living Apart 118
Minors 119
The Tax Return Forms and Schedules 120
Payment of the Tax 121
Section II
Introduction 122
Gross Income 123
Deductions from Gross Income 124
Adjusted Gross Income 125
Deductions from Adjusted Gross Income 126
Taxable Income 127
Tax Credits 128
The Filing Requirements for Special Taxpayers 129