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About this product
Product Identifiers
PublisherMcgraw-Hill Education
ISBN-101259713733
ISBN-139781259713736
eBay Product ID (ePID)237453711
Product Key Features
Number of Pages800 Pages
Publication NameFundamentals of Taxation 2018 Ed
LanguageEnglish
SubjectTaxation, Taxation / General
Publication Year2017
TypeTextbook
AuthorMichael Deschamps, Dan Schisler, Ana M. Cruz, Debra Prendergast, Frederick Niswander
Subject AreaLaw, Business & Economics
FormatTrade Paperback
Dimensions
Item Weight49.4 Oz
Additional Product Features
Edition Number11
Intended AudienceCollege Audience
Dewey Edition23
Grade FromCollege Freshman
IllustratedYes
Dewey Decimal343.73052
Grade ToCollege Graduate Student
Table Of Content1. Introduction to Taxation, the Income Tax Formula, and Form 1040EZ 2. Expanded Tax Formula, Forms 1040A and 1040, and Basic Concepts 3. Gross Income: Inclusions and Exclusions 4. Adjustments for Adjusted Gross Income 5. Itemized Deductions 6. Self-Employed Business Income (Line 12 of Form 1040 and Schedule C) 7. Capital Gains and Other Sales of Property (Schedule D and Form 4767) 8. Rental Property, Royalties and Income from Flow-Through Entities (Line 17, Form 1040, and Schedule E) 9. Tax Credits (Forms 1040, Lines 48 through 54 and Lines 66a through 73) 10.Payroll Taxes 11.Retirement and Other Tax-Deferred Plans and Annuities 12.Special Property Transactions 13.At-Risk/Passive Activity Loss Rules and the Individual Alternative Minimum Tax 14.Partnership Taxation 15.Corporate Taxation Appendix A: Amended Tax Returns (Form 1040X) Appendix B: Comprehensive Problems Appendix C: Concept Check Answers Appendix D: IRS Tax Tables Appendix E: IRS Tax Forms Appendix F: 2016 Federal Income Tax Information Credits Index
SynopsisEmphasizing a hands-on approach to tax education, every concept introduced in Fundamentals of Taxation includes meaningful exercises that allow students to reinforce what they are learning. This book is designed to not only expose beginning tax students to tax law, but to also teach the practical intricacies involved in the preparation of a tax return. To train tomorrow's tax preparers to handle the complex U.S. tax law, Fundamentals of Taxation's author team has devised four primary teaching advantages: The text is organized closely to follow the IRS tax forms. Actual tax forms are incorporated throughout the text, giving students the opportunity to understand the principles behind tax law while they learn how to work with clients to obtain the information they will need to complete tax forms. Proper reporting of tax issues are illustrated. The authors present a tax issue, discuss the legal requirements, illustrate the proper tax form placement, and show the completed form in the text, mixing practical and legal implications of tax preparation. Integration of an individual income tax software package (TaxACT). The authors supplement the text with citations of relevant tax authorities such as the Internal Revenue Code, Treasury Regulations, Revenue Rulings, Revenue Procedures, and court cases.