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Part 7
Special situations and tax planning

The first seven chapters in this part discuss some special situations. Chapter 39, Self-employment income: How to file Schedule C, is essential reading for anyone who is self-employed: freelancers, artists, and small business owners. Mutual fund investors will want to pay special attention to chapter 40, Mutual funds. It discusses what you need to know about the tax treatment of gains, losses, dividends, and distributions from a mutual fund. Chapter 41, What to do if you employ domestic help, will be of interest to taxpayers who employ domestic help, whether it is to care for their children or a disabled or elderly dependent. Chapter 42, U.S. citizens working abroad: Tax treatment of foreign earned income, discusses how U.S. citizens working abroad should handle their taxes. Among other matters, it explains how you can get a credit against your U.S. taxes for taxes you have paid to a foreign government. Chapter 43, Foreign citizens living in the United States, discusses the tax rules applicable to foreign citizens living in the United States. Chapter 44, Decedents: Dealing with the death of a family member, discusses a broad range of special issues that survivors face in handling the final tax matters of a deceased family member. Generous-spirited readers will want to peruse chapter 45, Estate and gift tax planning. It explains the tax intricacies of giving assets to others while you are alive and also discusses the estate tax and various strategies you can use.

Following these chapters on special situations, the next chapters offer a further helping hand. Chapter 46, Everything you need to know about e-filing, leads you through the electronic filing process. With luck, you won't need to refer to chapter 47, If your return is examined, but in case your tax return is examined and you are subject to an audit, you will find it useful. For help with the tangible property regulations, including relief available for qualified small taxpayers, see chapter 48, Rules for expensing and capitalizing tangible property used in a trade or business. Chapter 49, Net investment income tax, details the rules, implications of, and planning for this additional 3.8% tax. Chapter 50 , Planning ahead for 2018 and beyond, can help you save money on your taxes next year and beyond. It discusses year-end and ongoing tax-planning considerations and provisions applicable to individuals under the Affordable Care Act.

Chapter 51, 2017 tax rate schedules, is the final chapter. It provides the 2017 tax rate schedules that you need to complete your tax return. The 2017 Tax Tables can be easily viewed and printed out at www.irs.gov. The tax tables must be used by taxpayers with taxable income of less than $100,000. Taxpayers with taxable income of $100,000 or more should use the tax rate schedules.

Chapter 39 Self-employment income: How to file Schedule C
Chapter 40 Mutual funds
Chapter 41 What to do if you employ domestic help
Chapter 42 U.S. citizens working abroad: Tax treatment of foreign earned income
Chapter 43 Foreign citizens living in the United States
Chapter 44 Decedents: Dealing with the death of a family member
Chapter 45 Estate and gift tax planning
Chapter 46 Everything you need to know about e-filing
Chapter 47 If your return is examined
Chapter 48 Rules for expensing and capitalizing tangible property used in a trade or business
Chapter 49 Net investment income tax
Chapter 50 Planning ahead for 2018 and beyond
Chapter 51 2017 tax rate schedules

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Table of Contents for Part 7: Special situations and tax planning

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Table of Contents for
Part 7: Special situations and tax planning