Principles of Taxation for Business and Investment Planning, 2011 Edition

by Jones, Sally; Rhoades-Catanach, Shelley

• ISBN13: 9780078136689
• ISBN10: 0078136687
• Edition: 14th
• Format: Hardcover
• Copyright: 2010-04-13
• 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..

Table of Contents

Exploring the Tax Environment

Types of Taxes and the Jurisdictions That Use Them

Tax Policy Issues: Standards for a Good Tax

Fundamentals of Tax Planning

Taxes as Transaction Costs

Maxims of Income Tax Planning

Tax Research

The Measurement of Taxable Income

Taxable Income From Business Operations

Property Acquisitions and Cost Recovery Deductions

Midquarter Convention Tables

Property Dispositions

Nontaxable Exchanges

The Taxation of Business Income

Sole Proprietorships, Partnerships, LLCs, and S Corporations

The Corporate Taxpayer

Schedule M-3 for Reconciling Book and Taxable Income

The Choice of Business Entity

Jurisdictional Issues in Business Taxation

The Individual Taxpayer

The Individual Tax Formula

Itemized Deduction Worksheet

Federal Transfer Tax Rates (2009)

Compensation and Retirement Planning

Investment and Personal Financial Planning

Comprehensive Schedule D Problem

Federal Transfer Tax Rates (2009)

Tax Consequences of Personal Activities

Social Security Worksheet

The Tax Compliance Process

The Tax Compliance Process

Table of Contents provided by Publisher. All Rights Reserved.