West Federal Taxation 2005 : Individual Income Taxes

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

• ISBN13: 9780324207521
• ISBN10: 0324207522
• Format: Hardcover
• Copyright: 2004-04-12
• Publisher: Thomson (Manual)

Summary

West Federal Taxation: Individual Income Taxes, 2005 Edition continues to set the standard in introductory tax. Its Authors and editors stay on top of trends in both tax law and tax education, as a result, the 2005 Edition is thoroughly up-to-date, current in its thinking, and pedagogically advanced! No other text is as effective at helping users master the ever-changing Individual Tax Code. It provides accessible, comprehensive, and authoritative coverage of the relevant tax Code and regulations as they pertain to the individual taxpayer, as well as coverage of all major developments in federal taxation. It also adheres to the recommendations of the Accounting Education Change Commission (AECC) and the American Institute of Certified Public Accountants (AICPA). Visit the Product Website @ http://wft.swlearning.com

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

Passive Activity 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

Appendixes

Subject Index

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