Tax Tidbits
Master Tax Guide Now Available for Pre-Order!

The 2006 U.S. Master Tax Guide (MTG) provides helpful and practical guidance on today’s federal tax law. This 89th Edition reflects pertinent federal taxation changes that affect 2005 returns – plus provides fast and reliable
answers to tax questions affecting individual and business income tax.

Order your Master Tax Guide today – as an MACPA member, you save nearly 40 percent off the retail price. The deadline for pre-orders is December 12, 2005; only limited supplies will be available after the pre-order deadline.

The Guide is cross-referenced to the Internal Revenue Code, Income Tax Regulations, certain other important tax law sources and CCH’s Standard Federal Tax Reports. This reliable reference is a must for anyone involved with taxes and tax preparation.

The Guide covers the following topics:

  • Highlights of New Tax Developments
  • Tax Rates and Tax Tables
  • Individuals
  • Corporations
  • S Corporations
  • Partnerships
  • Trusts and Estates
  • Exempt Organizations
  • Income
  • Exclusions from Income
  • Business Expenses
  • Non-Business Expenses
  • Losses and Bad Debt
  • Depreciation, Amortization and Depletion
  • Tax Credits
  • Minimum Tax
  • Tax Accounting
  • Basis for Gain or Loss
  • Sales, Exchanges and Capital Gains
  • Installment Sales/Deferred Payment Sales
  • Securities Transactions
  • Tax Shelters/At-Risk Rules/Passive Losses
  • Retirement Plans
  • Corporate Acquisitions/ Reorganizations
  • Taxation of Foreign Activities/Taxpayers
  • Returns and Payment of Tax
  • Withholding and Estimated Taxes
  • Examination of Returns – Collection of Tax
  • Penalties and Interest
  • Estate, Gift and Generation-Skipping Tax

The Guide also includes a Tax Calendar, Taxpayer-Specific Return Flowcharts, Lists of Average Itemized Deductions, Selected Depreciation Tables, Checklists of Income, Deduction and Medical Expense Items and more tools to make quick and easy determinations on how particular items and situations should be treated and to answer client questions.

Visit the MACPA web site for more details on the Master Tax Guide or to place an order, or contact the Member Services Department at 248.267.3700.

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