1024: Your Income Tax-120 Review Questions Study Guide

The study guide is provided to guide you through the course material in a step by step format.

Reading assignments are for Reading assignments are for J.K. Lasser’s Your Income Tax.

Part 1 of the book concerns Questions #1-60

Part 2 of the book concerns Questions #61-120

1) Filing Status

Reading Assignment: Intro and Chapter 1 <<>> Review Questions: # 1-7

2) Taxable Wages, Salary and Other Compensation

Reading Assignment: Chapter 2 <<>> Review Questions: # 8-10

3) Fringe Benefits

Reading Assignment: Chapter 3 <<>> Review Questions: # 11-14

4) Dividend and Interest Income

Reading Assignment: Chapter 4 <<>> Review Questions: # 15-17

5) Reporting Property Sales

Reading Assignment: Chapter 5 <<>> Review Questions: # 18-24

6) Tax-Free Exchanges of Property

Reading Assignment: Chapter 6 <<>> Review Questions: # 25-26

7) Retirement and Annuity Income

Reading Assignment: Chapter 7 <<>> Review Questions: # 27-31

8) IRAs

Reading Assignment: Chapter 8 <<>> Review Questions: # 32-39

9) Income From Rents and Royalties

Reading Assignment: Chapter 9 <<>> Review Questions: # 40-42

10) Loss Restrictions

Reading Assignment: Chapter 10 <<>> Review Questions: # 43-45

11) Other Income

Reading Assignment: Chapter 11 <<>> Review Questions: # 46-47

12) Deductions Allowed in Figuring AGI

Reading Assignment: Chapter 12 <<>> Review Questions: # 48-49

13) Claiming the Standard Deduction or Itemized Deductions

Reading Assignment: Chapter 13 <<>> Review Questions: # 50

14) Charitable Contribution Deductions

Reading Assignment: Chapter 14 <<>> Review Questions: # 51-53

15) Itemized Deduction for Interest Expenses

Reading Assignment: Chapter 15 <<>> Review Questions: # 54-55

16) Deductions for Taxes

Reading Assignment: Chapter 16 <<>> Review Questions: # 56-57

17) Medical and Dental Expense Deductions

Reading Assignment: Chapter 17 <<>> Review Questions: # 58-60

18) Casualty and Theft Losses and Involuntary Conversions

Reading Assignment: Chapter 18 <<>> Review Questions: # 61-64

19) Deducting Job Costs and Other Miscellaneous Expenses

Reading Assignment: Chapter 19 <<>> Review Questions: # 65-66

20) Travel and Entertainment Expense Deductions

Reading Assignment: Chapter 20 <<>> Review Questions: # 67-70

21) Personal Exemptions

Reading Assignment: Chapter 21 <<>> Review Questions: # 71-72

22) Figuring Your Regular Income Tax Liability

Reading Assignment: Chapter 22 <<>> Review Question: #73

23) Alternative Minimum Tax (AMT)

Reading Assignment: Chapter 23<<>> Review Question: # 74

24) Computing the “Kiddie Tax”

Reading Assignment: Chapter 24 <<>> Review Question: # 75

25) Personal Tax Credits

Reading Assignment: Chapter 25 <<>> Review Questions: # 76-78

26) Tax Withholding

Reading Assignment: Chapter 26 <<>> Review Questions: # 79-80

27) Estimated Tax Payments

Reading Assignment: Chapter 27 <<>> Review Question: # 81

28) Tax Planning Overview

Reading Assignment: Chapter 28 <<>> Review Question: # 82

29) Tax Savings for Residence Sales

Reading Assignment: Chapter 29 <<>> Review Questions: # 83-84

30) Tax Savings for Investors in Securities

Reading Assignment: Chapter 30 <<>> Review Questions: # 85-87

31) Tax Savings for Real Estate

Reading Assignment: Chapter 31 <<>> Review Questions: # 88-89

32) Tax Pointers for Investors in Mutual Funds

Reading Assignment: Chapter 32 <<>> Review Question: # 90

33) Educational Tax Benefits

Reading Assignment: Chapter 33 <<>> Review Questions: # 91-93

34) Special Tax Rules for Senior Citizens

Reading Assignment: Chapter 34 <<>> Review Question: # 94

35) Members of the Armed Forces

Reading Assignment: Chapter 35 <<>> Review Questions: # 95

36) How to Treat Foreign Earned Income

Reading Assignment: Chapter 36 <<>> Review Questions: # 96-97

37) Planning Alimony and Marital Settlements

Reading Assignment: Chapter 37 <<>> Review Question: # 98

38) Household Employment Taxes

Reading Assignment: Chapter 38 <<>> Review Question: # 99

39) Gift and Estate Tax Planning

Reading Assignment: Chapter 39 <<>> Review Questions: # 100

40) Income or Loss From your Business or Profession

Reading Assignment: Chapter 40 <<>> Review Questions: # 101-104

41) Retirement Plans for Self-Employment

Reading Assignment: Chapter 41 <<>> Review Question: # 105

42) Claiming Depreciation Deductions

Reading Assignment: Chapter 42 <<>> Review Questions: # 106-107

43) Deducting Car and Truck Expenses

Reading Assignment: Chapter 43 <<>> Review Questions: # 108-110

44) Sales of Business Property

Reading Assignment: Chapter 44 <<>> Review Question: # 111

45) Figuring Self-Employment Tax

Reading Assignment: Chapter 45 <<>> Review Questions: # 112-113

46) Filing Your Return

Reading Assignment: Chapter 46 <<>> Review Questions: # 114-117

47) Filing Refund Claims and Amended Returns

Reading Assignment: Chapter 47 <<>> Review Questions: # 118-119

48) If the IRS Examines Your Return

Reading Assignment: Chapter 48 <<>> Review Questions: # 120