Principles of Taxation for Business and Investment Planning, 2012 Edition

by Jones, Sally; Rhoades-Catanach, Shelley

• ISBN13: 9780078110948
• ISBN10: 0078110947
• Edition: 15th
• Format: Hardcover
• Copyright: 2011-04-08
• Publisher: McGraw-Hill/Irwin

Summary

Principles of Taxation for Business and Investment Planning, by Jones and Rhoades-Catanach, is a different approach to the study of taxation than the traditional tax return preparation approach. This book teaches students to recognize the role taxes play in business and investment decisions. In addition, the book presents the general role of taxation and its implications across all taxpaying entities before discussing the details relevant to specific entities. This approach allows students to really grasp the fundamental concepts that are the foundation for specific tax rules. The benefit is that the students will understand the framework of the tax system, even though specific tax rules and regulations change from year to year. 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.

Table of Contents

Part 1 Exploring the Tax Environment

Ch. 1 Taxes and Taxing Jurisdictions

Ch. 2 Tax Policy Issues: Standards for a Good Tax

Part 2 Fundamentals of Tax Planning

Ch. 3 Taxes as Transaction Costs

Ch. 4 Maxims of Income Tax Planning

Ch. 5 Tax Research

Part 3 The Measurement of Taxable Income

Ch. 6 Taxable Income From Business Operations

Ch. 7 Property Acquisitions and Cost Recovery Deductions

Appendix 7-A Midquarter Convention Tables

Ch. 8 Property Dispositions

Ch. 9 Nontaxable Exchanges

Part 4 The Taxation of Business Income

Ch. 10 Sole Proprietorships, Partnerships, LLCs, and S Corporations

Ch. 11 The Corporate Taxpayer

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

Ch. 12 The Choice of Business Entity

Ch. 13 Jurisdictional Issues in Business Taxation

Part 5 The Individual Taxpayer

Ch. 14 The Individual Tax Formula

Ch. 15 Compensation and Retirement Planning

Ch. 16 Investment and Personal Financial Planning

Appendix 16-A Comprehensive Schedule D Problem

Ch. 17 Tax Consequences of Personal Activities

Appendix 17-A Social Security Worksheet

Part 6 The Tax Compliance Process

Ch. 18 The Tax Compliance Process