Principles of Taxation for Business and Investment Planning, 2013 Edition

by Jones, Sally; Rhoades-Catanach, Shelley

• ISBN13: 9780078025488
• ISBN10: 0078025486
• Format: Hardcover
• Copyright: 2012-04-02
• Publisher: McGraw-Hill/Irwin

Summary

Principles of Taxation for Business and Investment Planning focuses on the role taxes play in business and investment decision, presenting the general roles of taxation and discussing its implications for all tax-paying entities before delving into a specific exception. The benefit of this approach is a strong grasp of the fundamental principles informing taxation rules. This helps students comprehend the framework of the tax system, making future changes to the tax code easier to understand-no matter how many there are. Unlike traditional introductory texts, Principles of Taxation for Business and Investment Planning downplays the technical detail that makes the study of taxation such a nightmare for business students. This text attempts to convince students that an understanding of taxation is not only relevant but critical to their success in the business world. Don't just teach your students the tax code; teach them how the tax code affects business decision making with the 2013 edition!

Table of Contents

PART ONE: Exploring The Tax Environment

Chapter 1 Taxes and Taxing Jurisdictions

Chapter 2 Policy Standards for a Good Tax

PART TWO: Fundamentals of Tax Planning

Chapter 3 Taxes as Transaction Costs

Chapter 4 Maxims of Income Tax Planning

Chapter 5 Tax Research

PART THREE: The Measurement of Taxable Income

Chapter 6 Taxable Income from Business Operations

Chapter 7 Property Acquisitions and Cost Recovery Deductions

Appendix 7–A Midquarter Convention Tables

Chapter 8 Property Dispositions

Chapter 9 Nontaxable Exchanges

PART FOUR: The Taxation of Business Income

Chapter 10 Sole Proprietorships, Partnerships, LLCs, and S Corporations

Chapter 11 The Corporate Taxpayer

Appendix 11–A Schedule M-3 for Reconciling Book and Taxable Income

Chapter 12 The Choice of Business Entity

Chapter 13 Jurisdictional Issues in Business Taxation

PART FIVE: The Individual Taxpayer

Chapter 14 The Individual Tax Formula

Chapter 15 Compensation and Retirement Planning

Chapter 16 Investment and Personal Financial Planning

Appendix 16–A Comprehensive Schedule D Problem

Chapter 17 Tax Consequences of Personal Activities

Appendix 17–A Social Security Worksheet (Adapted from IRS Publication 915)

PART SIX The Tax Compliance Process

Chapter 18 The Tax Compliance Process

Appendix A Present Value of $1

Appendix B Present Value of Annuity of $1

Appendix C 2012 Income Tax Rates