The Business Tax Return Handbook - 5th Edition - Jack Zuckerman

The Business Tax Return Handbook 5th Edition Jack Zuckerman ISBN 9781639053445

The Business Tax Return Handbook is a practical guide for extracting key financial information during discovery. A companion to the bestselling 1040 Handbook, this resource is invaluable for reviewing commercial business and professional practice returns to gather information and develop a comprehensive discovery plan in family law cases. The book uses a variety of hypothetical examples to illustrate key points, including common forms and schedules for partnerships, corporations, and unincorporated businesses.

This line-by-line handbook can serve as a complete introduction to the family law implications of business tax returns or as a quick reference for attorneys focusing on specific areas of business taxation. The author addresses fundamental tax issues relevant to family law and provides detailed commentary explaining line items and statements across all four types of business tax returns.

Topics covered include:

• Determining discretionary cash flow and salary information

• Understanding key business and tax terminology

• Locating missing or incomplete information

• Evaluating the fair market value of a business entity

• Developing a targeted list of questions for discovery

• Identifying reporting irregularities

The book includes common business scenarios with both explanation and commentary to aid in discovery. Hypothetical tax returns are provided for:

• Unincorporated businesses (Schedule C)

  • Sole practitioners

  • Product-based businesses

• Partnerships

  • General partnerships

  • Real estate limited partnerships

  • Service-oriented businesses

• Corporations

  • Service-oriented “loan-out” corporations

  • C corporations for product-based businesses

  • S corporations for product-based businesses

This guide equips attorneys with the tools to analyze business tax returns efficiently and effectively, ensuring thorough discovery in family law matters.

The Business Tax Return Handbook 5th Edition Jack Zuckerman ISBN 9781639053445, 978-1639053445 & 9781639053452

Authors
Jack Zuckerman
Ron E Thompson