Prentice Hall's Federal Taxation 2002

Prentice Hall's Federal Taxation 2002 : Individuals

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Description

An introduction to individual federal income tax concepts and applications, these books are appropriate for introductory courses at the undergraduate or MBA level.Written by nationally recognized tax educators, acclaimed three-volume series provides a hands-on, definitive guide to federal income taxation concepts and applications. Stressing quality, readability and accuracy, it combines comprehensive coverage with instructional flexibility in what may be the most practical, student-oriented series of texts.show more

Product details

  • Hardback | 864 pages
  • 222.25 x 285.75 x 28.45mm | 1,460.56g
  • Pearson Education (US)
  • Pearson
  • United States
  • English
  • 0130550736
  • 9780130550736

Table of contents

(NOTE: All chapters include sections on Tax Planning Considerations, Compliance and Procedural Considerations, and Problem Materials except Chapter 1.)1. An Introduction to Taxation. History of Taxation in the United States. Types of Tax Rate Structures. Other Types of Taxes. Criteria for a Tax Structure. Objectives of the Federal Income Tax Law. Entities in the Federal Income Tax System. Tax Law Sources. Enactment of a Tax Law. Administration of the Tax Law and Tax Practice Issues. Components of a Tax Practice. Computer Applications in Tax Practice.2. Determination of Tax. Formula for Individual Income Tax. Deductions from Adjusted Gross Income. Determining the Amount of Tax. Corporate Tax Formula and Rates. Treatment of Capital Gains and Losses.3. Gross Income: Inclusions. Economic and Accounting Concepts of Income. Tax Concept of Income. To Whom Is Income Taxable? When Is Income Taxable? Items of Gross Income: Sec. 61(a). Other Items of Gross Income.4. Gross Income: Exclusions. Items That Are Not Income. Major Statutory Exclusions.5. Property Transactions: Capital Gains and Losses. Determination of Gain or Loss. Basis Considerations. Definition of a Capital Asset. Tax Treatment for Capital Gains and Losses of Noncorporate Taxpayers. Tax Treatment of Capital Gains and Losses: Corporate Taxpayers. Sale or Exchange. Holding Period. Preferential Treatment for Net Capital Gains.6. Deductions and Losses. For Versus from Adjusted Gross Income (AGI) Classification. Criteria for Deducting Business and Investment Expenses. General Restrictions on the Deductibility of Expenses. Proper Substantiation Requirement. When an Expense Is Deductible. Special Disallowance Rules.7. Itemized Deductions. Medical Expenses. Taxes. Interest. Charitable Contributions. Casualty and Theft Losses. Miscellaneous Itemized Deductions. Reduction of Certain Itemized Deductions.8. Losses and Bad Debts. Transactions That May Result in Losses. Classifying the Loss on the Taxpayer's Tax Return. Passive Losses. Casualty and Theft Losses. Bad Debts. Net Operating Losses.9. Employee Expenses and Deferred Compensation. Classification of Employee Expenses. Travel Expenses. Transportation Expenses. Entertainment Expenses. Reimbursed Employee Business Expenses. Moving Expenses. Education Expenses. Office in Home Expenses. Deferred Compensation.10. Depreciation, Cost Recovery, Amortization, and Depletion. Depreciation and Cost Recovery. Amortization. Depletion, Intangible Drilling, and Development Costs.11. Accounting Periods and Methods. Accounting Periods. Overall Accounting Methods. Inventories. Special Accounting Methods. Imputed Interest. Change in Accounting Methods.12. Property Transactions: Nontaxable Exchanges. Like-Kind Exchanges. Involuntary Conversions. Sale of Principal Residence.13. Property Transactions: Section 1231 and Recapture. History of Sec. 1231. Overview of Basic Tax Treatment for Sec. 1231. Section 1231 Property. Involuntary Conversions. Procedure for Sec. 1231 Treatment. Recapture Provisions of Sec. 1245. Recapture Provisions of Sec. 1250. Additional Recapture for Corporations. Recapture Provisions-Other Applications.14. Special Tax Computation Methods, Tax Credits, and Payment of Tax. Alternative Minimum Tax. Self-Employment Tax. Overview of Tax Credits. Personal Tax Credits. Miscellaneous Credits. General Business Credits. Refundable Credits. Payment of Taxes.15. Tax Research. Overview of Tax Research. Steps in the Tax Research Process. Importance of the Facts to the Tax Consequences. The Sources of Tax Law. Tax Services. Citators. Computers as a Research Tool. Statements on Standards in Tax Practice. Sample Work Papers and Client Letter.16. Corporations. Definition of a Corporation. Similarities and Differences between Corporations and Individuals. Specific Rules Applicable to Corporations. Computation of Tax. Transfers of Property to Controlled Corporations. Capitalization of the Corporation. Earnings and Profits. Nonmoney Distributions. Stock Redemptions. Corporate Distributions in Complete Liquidation.17. Partnerships and S Corporations. Types of Flow-Through Entities. Taxation of Partnerships. Partnership Elections. Taxation of S Corporations.18. Taxes and Investment Planning. Investment Models. Other Applications of Investment Models. Implicit Taxes and Clienteles.Tables. Appendices.show more

About Thomas R. Pope

D. Dale Bandy is the C.G. Avery Professor of Accounting in the School of Accounting at the University of Central Florida. He received a B.S. from the University of Tulsa, an M.B.A. from the University of Arkansas, and a Ph.D. from the University of Texas at Austin. He helped to establish the Master of Science in Taxation programs at the University of Central Florida and California State University, Fullerton, where he previously taught. In 1985, he was selected by the California Society of Certified Public Accountants as the Accounting Educator of the year. Professor Bandy has published 8 books and more than 30 articles in accounting and taxation. His articles have appeared in Journal of Taxation, Journal of Accountancy, Advances in Taxation, Tax Adviser, CPA Journal, Management Accounting and a number of other journals. N. Allen Ford is the Larry D. Homer/KPMG Peat Marwick Distinguished Teaching Professor of Professional Accounting at the University of Kansas. He received an undergraduate degree from Centenary College in Shreveport, Louisiana, and both the M.B.A. and Ph.D. in Business from the University of Arkansas. He has published over 30 articles related to taxation, financial accounting, and accounting education in journals such as The Accounting Review, The Journal of the American Taxation Association, and The Journal of Taxation. He served as president of the American Taxation Association in 1979-80. Professor Ford has received numerous teaching awards, at the college and university levels. In 1993, he received the Byron T Shutz Award for Distinguished Teaching in Economics and Business. In 1996 he received the Ray M. Sommerfeld Outstanding Tax Educator Award, which is jointly sponsored by the American Taxation Association and Ernst & Young. Robert L. Gardner is the Robert J. Smith Professor of Accounting and the Associate Director of the School of Accountancy and Information Systems at Brigham Young University. He received a B.S. and M.B.A. from the University of Utah and a Ph.D. from the University of Texas at Austin. He has authored or coauthored two books and over 25 articles, and has received several teaching awards. Professor Gardner has served on the Board of Trustees of the American Taxation Association and served as President of the ATA in 19992000. He actively consults with several national CPA firms in their continuing education programs. Michael S. Schadewald is an Associate Professor of Accounting and Director of the Deloitte & Touche Center for Multistate Taxation at the University of Wisconsin-Milwaukee. He holds a Ph.D. from the University of Minnesota, an M.S. from the University of Wisconsin-Milwaukee, and a B.B.A. from the University of Wisconsin-Whitewater. He has co-authored a book on international taxation and has published over 30 articles in a number of accounting and tax journals, including The Journal of the American Taxation Association, The Accounting Review, Contemporary Accounting Research, and The Journal of Taxation. He serves on the editorial board of The Journal of the American Taxation Association, International Tax Journal, Issues in Accounting Education, and Journal of Accounting Education. He has been awarded numerous research grants and fellowships by Big-Five accounting firms, and worked in the Milwaukee office of Arthur Young (now part of Ernst & Young) prior to entering academics.show more