Tax Tip: Publication 17 -- One Stop For Tax Help

Facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place - Publication 17. "Your Federal Income Tax," available at the IRS Web site in the Forms and Pubs section, contains a vast array of helpful information in one guide.

From stock sales to student loans, people can get many of their questions answered in this 276-page publication. A sampling of the items covered in 38 chapters:

  • Need help deciphering the mysteries of the Roth IRA? Try Chapter 18 for retirement accounts.
  • Do you have a new child in the house? See Chapter 35 for the Child Tax Credit.
  • Are you selling stock for the first time? Check Chapter 17 for capital gains. If the markets have been tough and it's time to unload a loser, capital losses are covered there, too.
  • Do you need to report the profit on your home sale? See Chapter 16 for some good news. Generally, you only need to report the sale of your home if your gain is more than $250,000 ($500,000 if married filing a joint return).
  • And the best part about Publication 17? It's free.

    Click this link to download a copy. The publication may also be viewed online. Or it can be ordered by calling 1-800-829-3676.

    View more tax tips!


    This daily Tax Tip has been provided by the IRS

    You may like these other stories...

    Tesco accounting probe finds “inappropriate behavior” by staff – reportsClare Hutchison of Reuters wrote on Sunday that an investigation into a 250 million-pound ($402 million) profit overstatement at...
    Did you ever feel as if you're preparing taxes in the Twilight Zone? You may be more right than you think. Each year, professional preparers all over the country have to work in a shadowy reflection of the normal tax...
    The split over convergenceDavid M. Katz of CFO wrote an interesting article on Thursday about the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) backing away from their...

    Already a member? log in here.

    Upcoming CPE Webinars

    Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
    Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
    Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
    Oct 30Many Excel users have a love-hate relationship with workbook links.