West Federal Taxation 2008 Taxation of Business Entities (with RIA Checkpoint Student Edition Online Database 2008 Printed Access Card, TurboTax Business and TurboTax Premier CD)

by Smith, James E.; Raabe, William A.; Maloney, David M.

• ISBN13: 9780324366655
• ISBN10: 0324366655
• Edition: 11th
• Format: Hardcover
• Copyright: 2007-04-18
• Publisher: South-Western College/West

Summary

Filled with relevant examples, WEST FEDERAL TAXATION: TAXATION OF BUSINESS ENTITIES, 2008 EDITION uses a business entity perspective to introduce students to federal taxation. And unlike other texts, it emphasizes tax concepts and issues--not the details of ever-changing tax rules--to equip you with a solid understanding of the Tax Code and hands-on applications to put it into practice. Making it easier than ever for students to understand the impact that careful tax planning has in today's marketplace, WFT integrates a unique tax planning framework throughout the text to more effectively demonstrate the relevance of tax planning for businesses and individual taxpayers. Each chapter also thoroughly illustrates the practical application of tax law and planning. In addition, the text draws from other disciplines--economics, financial accounting, finance--to help you bridge the gap between one business course and another. Preparing you for the long term, WFT provides numerous opportunities to sharpen your critical-thinking and writing skills as well as build upon your knowledge as you progress through the text. The CPA exam now includes tax research requiring students to use RIA Checkpoint®--and WFT users will be well prepared. The book includes a thorough simulation tutorial that walks you step by step through the process of how to apply RIA research strategies as well as numerous research exercises to put your skills to the test. New copies of the text include a code good for 12 months of access to RIA Checkpoint Student Version as well as tax software bestseller TurboTax® Business. Current and cutting edge, the market-leading WEST FEDERAL TAXATION: INDIVIDUAL INCOME TAXES, 2008 EDITION is packed with real-world examples, practical applications, and powerful learning tools--making it a text of choice by instructors and students.

Table of Contents

The World of Taxation

Introduction to Taxation

Working with the Tax Law

Taxes on the Financial Statements

Structure of the Federal Income Tax

Gross Income

Business Deductions

Losses and Loss Limitations

Property Transactions

Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges

Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions

Business Entities

Corporations: Organization, Capital Structure, and Operating Rules

Corporations: Earnings & Profits and Dividend Distributions

Partnerships and Limited Liability Entities

S Corporations

Special Business Topics

Multijurisdictional Taxation

Business Tax Credits and Corporate Alternative Minimum Tax

Comparative Forms of Doing Business

Taxation of Individuals

Introduction to the Taxation of Individuals

Individuals as Employees and Proprietors

Appendixes

Subject

Index

Table of Contents provided by Publisher. All Rights Reserved.