McGraw-Hill's Essentials of Federal Taxation, 2013 Edition

by Spilker, Brian; Ayers, Benjamin; Robinson, John; Outslay, Edmund; Worsham, Ronald; Barrick, John; Weaver, Connie

• ISBN13: 9780078025785
• ISBN10: 0078025788
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-05-23
• Publisher: McGraw-Hill/Irwin

Summary

McGraw-Hill's Essentials of Federal Taxation is a new 17-chapter volume designed for a one-semester course, covering the basics of taxation of individuals and business entities. This volume includes topics covered in both Taxation of Individuals and Taxation of Business Entities . The essentials volume eliminates the specialty chapters on investments, compensation, retirement savings, and home ownership and folds key topics from these chapters into the main individual taxation chapters. To make room for this information, the discussion of individual for and from AGI deductions is separated into separate chapters. The essentials volume also discusses corporate formations before addressing corporate operations and it presents nonliquidating and liquidating corporate distributions in the same chapter. Available for fall 2012 courses, this volume is perfect for those teaching a one-semester course and for those who struggle to get through the 25-chapter comprehensive volume.

Table of Contents

Chapter 1 An Introduction to tax

Chapter 2 Tax compliance , the IRS, and tax authorities

Chapter 3 Tax planning strategies and related limitations

Chapter 4 Individual income tax overview

Chapter 5 Gross income

Chapter 6 Exclusions from Gross income

Chapter 7 Individual deductions

Chapter 8 Individual income tax computations and credits

Chapter 9 Business income, deductions, and accounting methods

Chapter 10 Property acquisition and cost recovery

Chapter 11 Property dispositions

Chapter 12 Entities overview

Chapter 13 Corporate formations and operations

Chapter 14 Corporate distributions

Chapter 15 Forming and operating partnerships

Chapter 16 Dispositions of partnership interests and partnership dispositions

Chapter 17 S corporations