Description
Book SynopsisFULLY UPDATED FOR CURRENT TAX LAWS
The bold and innovative
McGraw Hill Taxation series is now the most widely adopted code-based Tax title across the country. It's apparent why the clear, organized, and engaging delivery of content, paired with the most current and robust tax code updates, is used by more than 650 schools.
The breadth of the topical coverage, the storyline approach to presenting the material, the emphasis on the tax and non-tax
consequences of multiple parties involved in transactions, and the integration of financial and tax accounting topics make this book ideal for the modern tax curriculum.
Story Line Approach: Each chapter begins with a story line that introduces a set of characters or a business entity facing
specific tax-related situations. Examples related to the story line allow students to learn the code in context.
Integrated Examples: In addition to providing examples incontext, we provide "
Table of ContentsPart I: Introduction to Taxation
1. An Introduction to Tax
2. Tax Compliance, the IRS, and Tax Authorities
3. Tax Planning Strategies and Related Limitations
Part II: Basic Individual Taxation
4. Individual Income Tax Overview, Dependents, and Filing Status
5. Gross Income and Exclusions
6. Individual Deductions
7. Investments
8. Individual Income Tax Computation and Tax Credits
Part III: Business-Related Transactions
9. Business Income, Deductions, and Accounting Methods
10. Property Acquisition and Cost Recovery
11. Property Dispositions
Part IV: Specialized Topics
12. Compensation
13. Retirement Savings and Deferred Compensation
14. Tax Consequences of Home Ownership
Part V: Entity Overview and Taxation of C Corporations
15. Business Entities Overview
16. Corporate Operations
17. Accounting for Income Taxes
18. Corporate Taxation: Non liquidating Distributions
19. Corporate Formation, Reorganization, and Liquidation
Part VI: Taxation of Flow-Through Entities
20. Forming and Operating Partnerships
21. Dispositions of Partnership Interests and Partnership Distributions
22. S Corporations
Part VII: Multijurisdictional Taxation and Transfer Taxes
23. State and Local Taxes
24. The U.S. Taxation of Multinational Transaction
25. Transfer Taxes and Wealth Planning
