PassKey Review: Federal Taxation of Individuals, 2013 Edition

THIS BOOK IS OUT OF PRINT. A NEW AND UPDATED 2014 EDITION WILL BE PUBLISHED DECEMBER 1, 2013.PassKey Federal Taxation of Individuals, 2013 Edition provides a comprehensive overview of various aspects of tax law affecting individuals in the United States. Using simple-to-comprehend language and concrete examples, PassKey helps demystify complex tax law for students who have no previous exposure to the subject. The numerous sample questions, answers, and explanations in each unit will teach students the key concepts that are essential to understanding individual federal taxation. Topics include:Determination of income and expensesFiling requirementsPersonal and dependency exemptionsDeductions and creditsCapital gains and lossesDispositions of propertyThe tax administration processTaxpayer rights, obligations, and penalties Each topic is thoroughly updated for 2013, based upon tax law in effect for 2012 income tax returns, and has been reviewed for accuracy, relevance, and clarity by a team of tax professionals. At the end of each unit, students may test their knowledge through a series of practical and detailed questions, with correct answers and a glossary at the back of the book.PassKey is designed for use in traditional college classroom settings, adult survey courses on federal taxation, and specialty classes that teach students how to become professional tax preparers. The information also may be used as a study guide for those preparing to pass Part 1 of the Special Enrollment Examination, a mandatory requirement for licensure as an enrolled agent tax professional by the Internal Revenue Service.