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