This popular CCH resource provides sample filled-in reproductions of several commonly-used business tax forms along helpful coordinated explanations of the tax law. Updated annually, this new edition includes discussion of law changes made by recent legislation that impacts the preparation of 2006 returns in 2007, including the latest new tax developments affecting completion of business tax returns. Current year forms and related discussions included are: - Form 1120 and schedules (corporations) - Form 1120-S (S corporations) - Form 1065 (partnerships) - Form 1041 (fiduciaries) "What's New for 2006" highlights the most significant new changes that must be addressed by tax return preparers.To help readers understand specific items on the returns and associated calculations, the filled-in forms contain cross references to the related CCH Explanations. These instructive explanations cover the separate items and schedules of each return and are keyed to the actual illustrative figures. Tax Rate Tables for Corporations and Estates and Nongrantor Trusts are also included for convenient reference. The expert CCH explanations, coordinated design elements and large format make this title the perfect quick-reference for tax return preparers and a great tool for staff training or personal brush-up for tax season.
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