Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about IRS and other Taxes topics.
IRS Publications are informational booklets designed to make your understanding of the tax laws and regulations easier. They are intended to provide you with insight into the whys and hows of various tax areas.
You can order any available IRS Publication the same way you would IRS tax forms. Phone, Internet, download, CD-ROM, pick up – are all available methods for obtaining an IRS Publication. You also can simply view IRS Publications online. Your computer needs to have Adobe Reader, however. The documents are in PDF format.
Topic areas are extensive and widely varied. Any tax area will probably have a publication associated with it. Visit the IRS website under Forms and Publications to get a feel for all that is available. Here you can find both the Publication, Notice number and document title.
Some of the more popular IRS Publications are:
Publication 1 – Taxpayer's Rights
Publication 15 – Employer's Tax Guide (also known as Circular E)
Publication 17 – Your Federal Income Tax (for individuals)
Publication 334 – Tax Guide for Small Businesses
Notice 433 – Interest & Penalty Information
Publication 501 – Exemptions, Standard Deductions, and Filing Information
Publication 502 – Medical and Dental Expenses
Publication 503 – Child and Dependent Care
1040 Tax Table
IRS Publications may change yearly (they are updated with current tax laws). It is recommended you start a library for future reference purposes. For businesses, in particular, Publication 15 (Circular E) is necessary for proper payroll tax reporting information.
|Jennifer Mathes, Ph.D.|