South-western Federal Taxation 2010

by Hoffman, William; Smith, James E.; Willis, Eugene

• ISBN13: 9780324828665
• ISBN10: 0324828667
• Edition: 33rd
• Format: Hardcover
• Copyright: 2009-05-01
• Publisher: Cengage Learning

Summary

Packed with new "Big Picture" tax scenarios and new "What-If?" case variations, SOUTH-WESTERN FEDERAL TAXATION 2010: INDIVIDUAL INCOME TAXES remains the most effective text for helping you master detailed tax concepts and the ever-changing tax legislation. Renowned for its accessible, comprehensive, and time-tested presentation, this text provides thorough coverage while highlighting materials of critical interest to the tax practitioner. INDIVIDUAL INCOME TAXES offers you many opportunities to sharpen critical-thinking and writing skills. A new chapter-opening feature, the Tax Formula Framework for Individuals, provides a unique, organizational framework so you can understand how chapter topics relate to the 1040 form. Internet exercises are tied directly to chapter research cases in the text to give you hands-on experience using online resources to solve tax issues. H&R Block's TaxCut® software and Checkpoint® from Thomson Reuters come with each new copy of this text so you can obtain professional experience with leading software!

Table of Contents

Introduction and Basic Tax Model

An Introduction to Taxation and Understanding the Federal Tax Law

Working with the Tax Law

Tax Determination

Personal and Dependency Exemptions

An Overview of Property Transactions

Gross Income

Gross Income: Concepts and Inclusions

Gross Income: Exclusions

Deductions

Deductions and Losses: in General

Deductions and Losses: Certain Business Expenses and Losses

Depreciation, Cost Recovery, Amortization, and Depletion

Deductions: Employee and Self-Employed-Related Expenses

Deductions and Losses: Certain Itemized Deductions

Investor Losses

Special Tax Computation Methods, Payment Procedures, and Tax Credits

Alternative Minimum Tax

Tax Credits and Payment Procedures

Property Transactions

Property Transactions: Determination of Gain or Loss and Basis Consideration

Property Transactions: Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Property Transactions: Section 1231 and Recapture Provisions

Accounting Periods, Accounting Methods, and Deferred Compensation

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Corporations and Partnerships

Tax Rate Schedule and Tables

Tax Forms

Glossary of Tax Terms

Table of Code Sections Cited

Table of Regulations Cited

Table of Revenue

Procedures and Revenue Rulings Cited

Citator Example

Comprehensive Tax Return Problems

Subject Index

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