Fundamentals of Taxation 2010 with Taxation Preparation Software

by Cruz

• ISBN13: 9780077292676
• ISBN10: 0077292677
• Edition: 3rd
• Format: Paperback
• Copyright: 2010-01-01
• Publisher: MCGRAW HILL

Summary

This book is designed to not only expose beginning tax students to tax law, but to also teach the practical intricacies involved in preparation of a tax return. Emphasizing a hands-on approach to tax education, every concept introduced in the text includes meaningful exercises that allow students to reinforce what they are learning. Actual tax forms are included within the textfrom the simplest 1040EZ to the numerous 1040 schedule formswith real-world data inserted into actual tax forms to demonstrate applied skills. A copy of the individual tax return preparation software TaxACT 2009 Deluxe is also a part of the text package, providing yet another tool to bridge the gap between understanding and practical application of tax law.

Table of Contents

Introduction to Taxation, the Income Tax Formula, and Form 1040EZ

Expanded Tax Formula, Forms 1040 and 1040A, and Basic Concepts

Gross Income: Inclusions and Exclusions

Adjustments for Adjusted Gross Income

Itemized Deductions

Self-Employed Business Income

Capital Gains and Other Sales of Property

Rental Property, Royalties, Income from Flow Through Entities

Tax Credits

Payroll Taxes

Retirement and Other Tax-Deferred Plans and Annuities: Contributions and Distributions

Special Property Transactions

At-Risk/Passive Activity Loss Rules and the Individual Alternative Minimum Tax

Partnership Taxation

Corporate Taxation

Amended Returns

Comprehensive Tax Return Problems

Concept Check Answers

2009 Tax Table

Blank Tax Forms

Index

Table of Contents provided by Publisher. All Rights Reserved.