Peter W. Bernstein 
The Ernst & Young Tax Guide 2004 

‘. . . The best tax guide of the bunch . . .’ -USA Today

‘. . . Hard to Beat . . .’ -Money magazine

The Ernst & Young Tax Guide 2004 is the most current,
authoritative, and bestselling tax guide on the market. Here is the
only guide that provides complete coverage of the new tax law
provisions and includes essential forms for the upcoming tax
season, plus the IRS’s official filing instructions for these
forms. Make the most of the new tax law by learning how to save on
your taxes with one of America’s leading tax and accounting firms,
Ernst & Young LLP.

SPECIAL FEATURES IN THIS YEAR’S EDITION:

* How to make sense of the the Jobs and Growth Tax Relief
Reconciliation Act of 2003

* IRS Publication 17, ‘Your Federal Income Tax’

* How to determine retirement plan contributions under the new
rules

* Using Coverdell ESAs and Qualified Tuition (Section 529) Programs

* 50 Most Commonly Overlooked Deductions

* How the continued phase-in of the Economic Growth and Tax Relief
Reconciliation Act of 2001 will affect your taxes today and in the
years to come

PLUS the always popular features:

TAXSAVERS-tips to slash your taxes this year and next

TAXPLANNERS-strategies to help you prepare for the upcoming
year

TAXALERTS-pointers on the new tax law changes that may affect
you

TAXORGANIZERS-reminders that help you keep track of your important
tax records

Over 450 of them at your fingertips!

Table of Content

2004 Tax Calendar.

Special Contents.

How to Use This Guide.

The Ernst & Young Tax Guide Editorial Board 2004.

Changes in the Tax Law You Should Know About.

Important 2003 Tax Reminders from the IRS.

How to Avoid 25 Common Errors.

50 of the Most Easily Overlooked Deductions.

Individual Tax Organizer.

Income and Expense Records You Should Keep in Addition to Your
Income Tax Return.

PART I: THE INCOME TAX RETURN.

CHAPTER 1: Filing Information.

CHAPTER 2: Filing Status.

CHAPTER 3: Personal Exemptions and Dependents.

CHAPTER 4: Decedents.

CHAPTER 5: Tax Withholding and Estimated Tax.

PART II: INCOME.

CHAPTER 6: Wages, Salaries, and Other Earnings.

CHAPTER 7: Tip Income.

CHAPTER 8: Interest Income.

CHAPTER 9: Dividends and Other Corporate Distributions.

CHAPTER 10: Rental Income and Expenses.

CHAPTER 11: Retirement Plans, Pensions, and Annuities.

CHAPTER 12: Social Security and Equivalent Railroad Retirement
Benefits.

CHAPTER 13: Other Income.

CHAPTER 14: Basis of Property.

CHAPTER 15: Sale of Property.

CHAPTER 16: Selling Your Home.

CHAPTER 17: Reporting Gains and Losses.

PART III: ADJUSTMENTS TO INCOME AND SAVINGS PLANS.

CHAPTER 18: Individual Retirement Arrangements (IRAs).

CHAPTER 19: Moving Expenses.

CHAPTER 20: Additional Adjustments to Income Including
Alimony.

PART IV: STANDARD DEDUCTION AND ITEMIZED DEDUCTIONS.

CHAPTER 21: Standard Deduction.

CHAPTER 22: Limit on Itemized Deductions.

CHAPTER 23: Medical and Dental Expenses.

CHAPTER 24: Taxes You May Deduct.

CHAPTER 25: Interest Expense.

CHAPTER 26: Contributions.

CHAPTER 27: Casualty and Theft Losses.

CHAPTER 28: Car Expenses and Other Employee Business
Expenses.

CHAPTER 29: Tax Benefits for Work-Related Education.

CHAPTER 30: Miscellaneous Deductions.

PART V: FIGURING YOUR TAXES AND CREDITS.

CHAPTER 31: How to Figure Your Tax.

CHAPTER 32: Tax on Investment Income of Certain Minor
Children.

CHAPTER 33: Child and Dependent Care Credit.

CHAPTER 34: Credit for the Elderly or the Disabled.

CHAPTER 35: Child Tax Credit.

CHAPTER 36: Education Credits and Other Education Benefits.

CHAPTER 37: Other Credits Including the Earned Income
Credit.

PART VI: SPECIAL SITUATIONS AND TAX PLANNING.

CHAPTER 38: If You Are Self-Employed: How to File Schedule
C.

CHAPTER 39: Mutual Funds.

CHAPTER 40: The Gift Tax.

CHAPTER 41: What to Do If You Employ Domestic Help.

CHAPTER 42: U.S. Citizens Working Abroad: Tax Treatment of
Foreign.

CHAPTER 43: Foreign Citizens Living in the United States.

CHAPTER 44: How to Prepare for Your Accountant.

CHAPTER 45: If Your Return Is Examined.

CHAPTER 46: Planning Ahead for 2004 and Beyond.

PART VII: FILLING OUT YOUR TAX RETURN AND TAX FORMS YOU CAN
USE.

CHAPTER 47: Filling Out Form 1040.

CHAPTER 48: 2003 Federal Tax Forms and Schedules You Can
Use.

CHAPTER 49: Tax Tables and Tax Rate Schedules.

A GLOSSARY OF TAX AND FINANCIAL TERMS.

INDEX.

About the author

ERNST & YOUNG LLP is one of the nation’s leading professional services firms providing tax, assurance, and advisory business services to thousands of individuals as well as domestic and global businesses.