Tuesday, January 15, 2013

Book Owner Exclusives

These links correspond with spreadsheets and worksheets discussed in my various books.
You should be able to save a copy and then work with it.
I'm still a rookie at this, so no promises that they are easy to download or use:

Insolvency Worksheet (Excel)

Trump Tax Converter (Excel spreadsheet that converts a 2017 tax return into a 2018 result)

Book Errors:

These will be corrected as I find them so if you purchased recently they may already be fixed (date in form of 20180102 (year month day)) will indicate when it was updated:

The Short Cheap tax Book for the Trump/GOP Tax Law:

The entire book was updated in January of 2019

20% Business Deduction chapter: States that you net all businesses before applying the deduction.  In reality, you calculate it on each business separately. (20180102)

The ACA penalty isn't eliminated until 2019 (20180102)

The 7.5% threshold for medical expenses is retroactive to 2017 (20180102)

The section on Child Tax Credit says the method for calculating the refundable portion was unchanged...in reality, they lowered the earned income threshold from $3000 to $2500 (20180110)

The use of 529 plan contributions for home school expenses was removed from the bill at the last minute. (20180110)

Everyday Taxes 2017

The mortgage insurance deduction was eliminated for 2017 and beyond.  And then reinstated in Feb of 2018 for 2017 only.  Along with the Tuition and fees deduction and the exclusion of canceled debt for a personal residence.  Again - all for 2017 only - they are still canceled for 2018. (20180501 - updated in 2018/2019 edition)

The Short Cheap Tax Book for Military

The Military Spouses Residency Relief Act has been changed such that the spouse no longer needs to establish residency in the service member's state in order to claim that state as their state of residency.

No comments:

Post a Comment

I will try to answer questions, though if they are complicated, email me at taxadvisor@email.com. Consider buying one of my books to thank me for my answers. Spam comments will be deleted. No links unless they are pertinent to the question asked. If you want cross promotion - ask.