The Ernst & Young Tax Guide 2003

By Ernst & Young

." . . The top choice . . ." -The New York Times New tax law changes and how they affect you Easy-to-use explanations and tax-saving tips 50 most commonly overlooked deductions ." . . The best tax guide of the bunch . . ." -USA Today ." . . Hard to Beat . . ." -Money magazine The Ernst & Young Tax Guide 2003 is the most current, authoritative, and bestselling tax guide on the market. Here is the only guide that provides complete coverage of the new tax law provisions and includes essential forms for the upcoming tax season, plus the IRS's official filing instructions for these forms. Make the most of the new tax law by saving more money on your taxes with America's leading tax and accounting firm, Ernst & Young LLP. SPECIAL FEATURES IN THIS YEAR'S EDITION: Continued phase-in of Economic Growth and Tax Relief Reconciliation Act of 2001-how it will affect your taxes today and in the years to come IRS Publication 17, "Your Federal Income Tax" How to take advantage of new rules on retirement plan rollover and distribution Using Coverdell ESAs and Qualified Tuition (Section 529) programs Estate Tax phase-in of lower rates, increased estate and tax exemption levels, and reduction in state death tax credit 50 Most Commonly Overlooked Deductions How to take advantage of the tax provisions of The Job Creation and WorkerAssistance Act of 2002 PLUS the always popular features: TAXSAVERS-tips to slash your taxes this year and next TAXPLANNERS-strategies to help you prepare for the upcoming year TAXALERTS-pointers on the new tax law changes that may affect you TAXORGANIZERS-reminders that help you keep track of your important tax records Over 450 of them at your fingertips

• Format: Paperback
• Language: English
• ISBN: 0471227072
• ISBN13: 9780471227076
• Release Date: December 2002
• Publisher: Wiley
• Length: 752 Pages
• Weight: 2.75 lbs.
• Dimensions: 10.9" x 1.6" x 8.3"

Customer Reviews

Helps You Make the Most Out of the 2001 Tax Law!

Helps You Make the Most Out of the 2001 Tax Law!The new, 2002 version of this book deserves more than five stars.As background for reading and considering this review, please be aware that I am an attorney, did well when I studied tax in law school, and employ a top CPA to help me do my tax planning and prepare my returns. Despite all of this background, I find it hard to keep up with the tax laws. Since I became a member of the bar, the number of pages in the Internal Revenue Code has doubled as have the number of pages of tax regulations. I was inspired to read this book when a conversation with my CPA left me with 14 areas that I wanted to understand in much more detail. I could have asked him, but that would be very costly because he charges by the hour and would have to do research to find out what I wanted to know. Realizing from experience that working with the IRS code and regulations could take many hours, I hoped this book would serve as a time saver, and it did! I found the answers to my 14 questions in less than an hour, and also located several hundred dollars of potential tax savings that I need to discuss with my CPA. The experience was a very satisfying one. The Federal tax laws changed in 2001, applying to both your 2001 tax return and to future years. Whenever Congress changes the tax law, you need to be alert. If you continue to do what you have done before, you may well make costly mistakes that could lead to extra taxes needing to be paid or even worse, owing money for penalties and interest. The Ernst & Young Tax Guide 2002 is remarkably helpful in dealing with the 2001 tax law changes. The book opens with a summary of what changed, and gives you references to the sections where you can get more details for your 2001 return. The following section goes on to describe the other changes that will be phased in during 2002 and later years. To test the guide, I also checked out the most difficult questions that I had had to deal with in the last 20 years, where I was pretty sure the law had not changed. Each of these questions was also accurately and succinctly described. I was very impressed that I could look up answers in any one of many different ways. The actual 2001 tax forms and instructions are bound into the volume. So that was one starting point. There were also detailed chapters on common topics, from handling mutual funds to taxes on child-care providers. So I could start there. The index was also very complete, and I could dive in from that direction. In addition, the cross-references in the text were very complete and would send me to the right section of the right page. If you prepare your own returns and have a somewhat complicated return, you will also benefit from the many worksheets in the book. If you are about to start working with an accountant, you will save time and money by using the many lists in the book for what to collect and how to organize it (a pile of paper in a shoe box i

The Best Tax Guide

I started doing my taxes early this year. Only two books worth buying, 1. The 2001 Ernst & Young Tax Guide or 2. The 2001 JK Lasser's Your Income Tax. All the others don't even come close to the thoroughness and reputation of both of these books. My preference is the Ernst & Young guide, although my business partner uses Lasser for reference.

Almost as good as an accountant

This guide makes it quick and easy to find an answer to your tax question. Information is clear and concise, usually with examples of what qualifies and what doesn't. Often it includes IRS opinion and Tax Court rulings on how the law is interpreted. Contains virtually everything you need to file your own taxes, understand why or why not a deduction is allowed, and two copies of the forms you need. This is NOT a tutorial for someone who has never done their own taxes. In the past five years my 1040 has become more complex. I've bought a rental property, started investing in the market, and working from my home office. This guide is why I can still file my own return.

The Best One On The Market

I have done Taxes for 10 years and I always get this book to help me catch up on the newest tax changes.It is easy to use and simple to follow. You can look up almost any subject and find it very easily. I recomend this book to anyone, no matter if you are a Professional or someone who just likes to do there own taxes.

TERRIFIC TAX TALK

Tax time won't go away, but this book makes it easier to meet the deadline. This guide is complete, providing information on every aspect of taxes. The chapters are divided in a way that allows the reader to quickly locate the information they desire without having to sift through pages of information not relating to their individual needs. The numerous examples which accompany the clearly written information make it even easier to understand. Locating exactly what the reader seeks is quickened by the highlighted areas and bold typed titles. The sample work sheets, graphs, and tables are wonderful examples and clarify the information even more. We were flood victims in 1997 and the information was extremely helpful on dealing with our loss. Disaster areas are listed city by city, with the dates and the cause of the disaster, eliminating any questions as to what qualified. There are chapters to cover foreign citizens working in the U.S. as well as U.S. citizens working abroad. There is a chapter helping you plan ahead for 1998, explaining in detail changes and things you can do now to help later. There is a chapter, whch hopefully won't be used, explaining and guiding you through an examination by the IRS. The book begins by alerting the user to tax law changes for 1997, and some that are changing in 1998. There are lists of reminders, common errors, and frequently overlooked deductions. These pages are followed by work sheets to get you started. The glossary in the back defines any terms the reader is not familiar with in easy to understand language. The book also contains forms to fit almost all tax needs. This book could guide a novice or be a wonderful resource to the seasoned taxpayer. This is a complete guide, well written, easy to understand and use. It is a great asset.