Tax Analysis, Letters, Procedures, Checklists, and Forms

Analysis of the 2010 Tax Relief Act
Table of Contents
Introduction
Chapter 100 ESTATE AND GIFT TAX, AND RELATED BASIS RULES
Chapter 200 INDIVIDUAL TAX RATES
Chapter 300 QUALIFIED DIVIDENDS, CAPITAL GAINS AND LOSSES
Chapter 400 PAYROLL TAX REDUCTION
Chapter 500 AMT
Chapter 600 INDIVIDUAL TAX CREDITS
Chapter 700 INDIVIDUAL DEDUCTIONS AND OTHER PROVISIONS
Chapter 800 EDUCATION TAX BREAKS
Chapter 900 TRUST, ESTATE AND DECEDENT INCOME TAX
Chapter 1000 COST RECOVERY
Chapter 1100 BUSINESS, ENERGY, AND ALTERNATIVE FUEL CREDITS
Chapter 1200 BUSINESS CHARITABLE CONTRIBUTIONS
Chapter 1300 EMPLOYEE BENEFITS
Chapter 1400 RIC MODERNIZATION
Chapter 1500 PASS THROUGH ENTITIES
Chapter 1600 FOREIGN AND POSSESSIONS PROVISIONS
Chapter 1700 SPECIAL DEVELOPMENT TAX INCENTIVES
Chapter 1800 MISCELLANEOUS

Practice Management
Client Data Sheet
Sample Consent to Disclosure of Form 1040 Tax Return Information
Sample Disclosure for Use of Form 1040 Tax Return Information
Sample Tax Engagement Letter for Individual Clients
Tax Summary - Airline Personnel
Tax Summary - Farmers
Tax Summary - Realtor
Tax Summary - Direct Sellers
Transmittal Letter for Tax Summary (Form 1040)

Client Letters
Financial and Tax Planning Review
Recent Developments that May Affect a Client's Tax Situation
2010 Tax Relief Act
Education and Jobs Act of 2010
HIRE Act of 2010
Small Business Jobs Act of 2010
Tax and Benefits Provisions of the 2010 Health Care Act
Year-End Tax Planning Client Letter With Checklists

Interoffice Memos
2010 Tax Relief Act
Education and Jobs Act of 2010
Small Business Jobs Act of 2010

Press Releases
2010 Tax Relief Act

1040 Checklists
2010 Form 1040 Preparation Checklist (Long Form)
2010 Form 1040 Preparation Checklist (Short Form)
Avoiding a Section 6694 Return Preparer Penalty
Checklist for Due Diligence Review for Preparing Form 1040
Determining Whether a Taxpayer Is an Active Participant for the IRA Deduction Limitation
Due Diligence Requirements for Return Preparers Reporting the Earned Income Credit
Factors in Establishing a Profit Motive

1065 Checklists
Avoiding a Section 6694 Return Preparer Penalty
Checklist for Determining Validity of Partnership Tax Allocations
Checklist for Preparing Forms 8275 and 8275 R
Checklist for Property Contributions to Partnerships
Checklist for Retroactive Changes in Accounting Method
Checklist of Expenditures Capitalized under UNICAP (IRA Sec. 263A)
Checklist of Required Substantiation When an Appraisal Is Necessary
Checklist Production Activities Deduction
Checklist to Determine If Existing Partnership Can Change (or Retain) Its Year-end
Checklist to Determine Permissible Year-ends for a Newly Formed (First-year) Partnership
Final Year Checklist-Form 1065
Form 1065 Overall Due Diligence Review Checklist
Initial Year Checklist-Form 1065
Installment Sale Checklist for Form 1065
Long-form 1065 Preparation Checklist
Partnership Termination Checklist
Reasonable Compensation Checklist
Requirements for Deferred Like-kind Exchange
Short-form 1065 Preparation Checklist

1120S Checklists
Avoiding a Section 6694 Return Preparer Penalty
Checklist for Electing S Status
Checklist for Preparing Forms 8275 and 8275 R
Domestic Production Activities Deduction
Eligibility for Section 1244 Ordinary Loss Treatment
Eligibility to Elect S Status
Factors in Establishing a Profit Motive
Factors Indicating Employee-shareholder Reasonable Compensation
Final Year Checklist-Form 1120S
Form 1120S Overall Due Diligence Review Checklist
Initial Year Checklist-Form 1120S
Installment Sale Checklist for Form 1120S
Long-form 1120S Preparation Checklist
Short-form 1120S Preparation Checklist
Straight Debt Safe Harbor Requirements (Shareholder Debt and the Single-class-of-stock Rule)
Structuring Debt Securities to Be Valid Indebtedness

Tax Saving Opportunities Personnel
Alimony, Property Settlements And Child Support
Alternative Minimum Tax
Choice Of Entity Of Business Organization
Making Gifts To Minors
Tax-Favored Ways Of Withdrawing Funds From A Closely Held C Corporation

Tax Saving Opportunities Business
HIRE Act Payroll Tax Exemption And Retention Credit
How An Investor Can Deduct Losses Generated By Ownership Of Rental Real Estate
Net Operating Losses And How To Make The Most Of Them
Pension And Profit-Sharing Plans For The Small Business
Start-Up Expenses
Substantiating Employee Auto Expenses Where No Employer Reimbursement Plan Exists
Substantiating Employee Business Entertainment Expenses Where There Is No Employer Reimbursement Plan
Substantiating Employee Expense Account And Expense Reimbursement Arrangements
Tax Favored Investments