Learn how to extract key financial information in discovery with The Business Tax Return Handbook, Second Edition. A companion volume to best-selling 1040 Handbook, this is an invaluable tool for reviewing commercial business and professional practice returns to gather information and prepare a complete discovery plan for family law cases. A variety of hypothetical examples using 2003 business returns are used to illustrate points in the text, including the most common forms and schedules for partnerships, corporations, and unincorporated businesses. This line-by-line guide can be used as a complete introduction to the family law aspects of business tax returns or as a quick reference for lawyers who want to concentrate on particular areas of business taxation. The authors discuss fundamental tax issues that impact on family law matters and offer comments to explain line items and statements for all four types of business tax returns. salary information; Using key business and tax terms; Locating missing information; Evaluating the fair market value of a business entity; Developing a list of questions to ask; Spotting reporting irregularities.
The Business Tax Return Handbook