Matt Forney
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Elkins’ Comprehensive Tax Guide: 2014 Edition by Chad Elkins

Tax season may be over, but the taxman never goes away. No matter where you are or what you’re doing, the IRS will be on your case to make sure you tithe Uncle Sam. Unfortunately, the U.S. tax code may be the most confusing, convoluted and contradictory tax law in the world. There are so many areas where you can slip up and make a mistake that it’s a wonder more people aren’t getting audited by the government. Hell, when I did my taxes this year, I was hit with a bewildering number of forms, writeoffs and paperwork, all a result of my decision to become self-employed rather than suck corporate cock for a living.

If you need help making sense of the IRS’ squid ink, Elkins’ Comprehensive Tax Guide is a must-buy.

Chad Elkins is a certified public accountant (CPA), not some random douchebag, so you know that his advice is legit. Elkins’ Comphehensive Tax Guide walks you through just about every aspect of doing your taxes that you could think of, ensuring that all your i’s are dotted and t’s are crossed. To help you out even more, the book follows the order of a typical tax return, enabling you to follow along in a linear fashion:

$3,900 ($3,800 in 2012). Both the personal exemption and the itemized deduction phase-outs are reinstated in 2013. The personal exemption phase-out is reinstated at adjusted gross income (AGI) thresholds of: $250,000 single (S); $300,000 married filing jointly (MJ) and surviving spouse (SS); $275,000 head-of-household (HH); and $150,000 married filing separately (MS). Personal exemptions are reduced by 2% for each $2,500, or portion thereof (2% for each $1,250 for married filing separately) by which the taxpayer’s adjusted gross income (AGI) exceeds the applicable thresholds. Exemptions are fully phased-out when AGI is: $372,501 (S); $422,501 (MJ) and (SS); $397,501 (HH); and $211,251 (MS). The threshold amounts will be adjusted for inflation after 2013.

While its huge size might be daunting, the Tax Guide isn’t meant to be digested whole like a traditional book, but used as a guide to help you through specific problems. While the book is lacking in humor or levity, given the seriousness of doing your taxes, this is probably a good thing.

Bottom line: if you’re looking to understand the ins and outs of the federal government’s tax code, Elkins’ Comprehensive Tax Guide is a must-buy.

Click here to buy Elkins’ Comprehensive Tax Guide: 2014 Edition.

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