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Principles of Taxation for Business and Investment Planning focuses on the role taxes play in business and investment decision, presenting the general roles of taxation and discussing its implications for all tax-paying entities before delving into a specific exception. The benefit of this approach is a strong grasp of the fundamental principles informing taxation rules. This helps students comprehend the framework of the tax system, making future changes to the tax code easier to understand-no matter how many there are. Unlike traditional introductory texts, Principles of Taxation for Business and Investment Planning downplays the technical detail that makes the study of taxation such a nightmare for business students. This text attempts to convince students that an understanding of taxation is not only relevant but critical to their success in the business world. Don't just teach your students the tax code; teach them how the tax code affects business decision making with the 2013 edition!
List of contents
PART ONE: Exploring The Tax Environment 1 Taxes and Taxing Jurisdictions 2 Policy Standards for a Good Tax PART TWO: Fundamentals of Tax Planning 3 Taxes as Transaction Costs 4 Maxims of Income Tax Planning 5 Tax Research PART THREE: The Measurement of Taxable Income 6 Taxable Income from Business Operations 7 Property Acquisitions and Cost Recovery Deductions Appendix 7-A Midquarter Convention Tables 8 Property Dispositions 9 Nontaxable Exchanges PART FOUR: The Taxation of Business Income 10 Sole Proprietorships, Partnerships, LLCs, and S Corporations 11 The Corporate Taxpayer Appendix 11-A Schedule M-3 for Reconciling Book and Taxable Income 12 The Choice of Business Entity 13 Jurisdictional Issues in Business Taxation PART FIVE: The Individual Taxpayer 14 The Individual Tax Formula 15 Compensation and Retirement Planning 16 Investment and Personal Financial Planning Appendix 16-A Comprehensive Schedule D Problem 17 Tax Consequences of Personal Activities Appendix 17-A Social Security Worksheet (Adapted from IRS Publication 915) PART SIX The Tax Compliance Process 18 The Tax Compliance Process A Present Value of $1 B Present Value of Annuity of $1 C 2013 Income Tax Rates
About the author
Sally Jones received her Ph.D. at the University of Houston. She taught at the University of Texas at Austin for 14 years before going to Virginia in 1992. She is currently the department chair of Accounting at Virginia.
