U.S. Master Tax Guide (2020)

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The U.S. MTG contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates and trusts.

The U.S. MTG contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates and trusts, as well as new rules established by key court decisions and the IRS.


This nation’s top federal tax resource has been updated to provide complete and reliable guidance on the historic Tax Cuts and Jobs Act, as well as pertinent federal taxation changes that affect 2019 returns.


Cover today’s federal tax law and was expertly-written to help identify tax planning opportunities, ensure accuracy when filing taxes, maximizes your knowledge of the Tax Cuts and Jobs Act and serve as a quick reference guide when providing tax services to your business or clients. 


The U.S. Master Tax Guide (2020) includes: 

-        Updated explanations covering the Tax Cuts and Jobs Act,

-        Consolidated Appropriations Act, 2019,

-        the Bipartisan Budget Act of 2019  

-        Complete coverage of post-tax reform guidance, including

-        transition tax,

-        qualified business income deduction,

-        bonus depreciation, and

-        GILTI  


  • Reorganized to reflect new tax structure under Tax Cuts and Jobs Act.  
  • Guidance on Section 199A Qualified Business Income Deduction and latest IRS regulations. 
  • State-by-state summaries of the new provisions state legislatures have adopted in response to tax reform. 
  • Popular Quick Tax Facts card that can be detached for at-glance reference to key tax figures and other often referenced amounts used in preparing 2019 income tax returns 
  • NEW FEATURE! Summaries of responses to Tax Cuts and Jobs Act by state taxing authorities  


-        Tax Tables - Features

-        Overview

-        Tax Rates

-        checklists

-        Special tax Tables

-        Explanatory Text

-        Individuals

-        Corporations

-        S Corporations

-        Partnerships

-        Trusts - Estates

-        Exempt Organizations

-        Income

-        Exclusions from gross income

-        Business Expenses

-        Nonbusiness Expenses

-        Losses - Passive Activity Losses

-        Depreciation, Amortization and Depletion

-        Tax Credits

-        Alternative Minimum tax

-        Tax accounting

-        Basis for gain or Loss

-        Sales and Exchanges - capital gains

-        Installment Sales - Deferred Payments

-        Securities Transactions

-        Health and Employee Benefits

-        Retirement Plans

-        Corporate acquisitions - Reorganizations - Liquidations

-        Special corporate Status

-        Foreign income and Transactions

-        Returns - Payment of tax

-        Withholding — Estimated taxes

-        Examination of Returns - Collection of tax

-        Penalties - Interest

-        Estate, Gift and Generation-Skipping tax


November 2019           1,008  pages      6” X 9”

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