South-Western Federal Taxation 2023 - Comprehensive (with Intuit ProConnect Tax Online & RIA Checkpoint�)

List of contents

Part I: INTRODUCTION AND BASIC TAX MODEL.
1. An Introduction to Taxation and Understanding the Federal Tax Law.
2. Working with the Tax Law.
3. Computing the Tax.
Part II: GROSS INCOME.
4. Gross Income: Concepts and Inclusions.
5. Gross Income: Exclusions.
Part III: DEDUCTIONS AND CREDITS.
6. Deductions and Losses: In General.
7. Deductions and Losses: Certain Business Expenses and Losses.
8. Depreciation, Cost Recovery, Amortization, and Depletion.
9. Deductions: Employee and Self-Employed-Related Expenses.
10. Deductions and Losses: Certain Itemized Deductions.
11. Investor Losses.
12. Tax Credits and Payments.
Part IV: PROPERTY TRANSACTIONS.
13. Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges.
14. Property Transactions: Capital Gains and Losses, Section 1231, and
Recapture Provisions.
Part V: SPECIAL TAX COMPUTATIONS AND ACCOUNTING PERIODS AND METHODS.
15. The Deduction for Qualified Business Income for Noncorporate Taxpayers.
16. Accounting Periods and Methods.
Part VI: CORPORATIONS.
17. Corporations: Introduction and Operating Rules.
18. Corporations: Organization and Capital Structure.
19. Corporations: Distributions Not in Complete Liquidation.
20. Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations.
Part VII: FLOW-THROUGH ENTITIES.
21. Partnerships.
22. S Corporations.
Part VIII: ADVANCE TAX PRACTICE CONSIDERATIONS.
23. Exempt Entities.
24. Multistate Corporate Taxation.
25. Taxation of International Transactions.
26. Tax Practice and Ethics.
Part IX: FAMILY TAX PLANNING.
27. The Federal Gift and Estate Taxes.
28. Income Taxation of Trusts and Estates.
Appendix A: Tax Rate Schedules, Tax Formulas, and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: IRC citations.
Appendix E: PV/FV tables.
Appendix F: Comprehensive Tax Return problems.
Index.
Online Appendices.
Depreciation and the Accelerated Cost Recovery System (ACRS).
Affordable Care Act Provisions.

About the author

James C. Young is the PwC Professor of Accountancy Emeritus at Northern Illinois University. A graduate of Ferris State University (B.S.) and Michigan State University (M.B.A. and Ph.D.), Jim’s research focuses on taxpayer responses to the income tax using archival data. His dissertation received the PricewaterhouseCoopers/American Taxation Association Dissertation Award, and his subsequent research has received funding from a number of organizations, including the Ernst & Young Foundation Tax Research Grant Program. His work has been published in a variety of academic and professional journals, including the National Tax Journal, The Journal of the American Taxation Association and Tax Notes. Jim is a Northern Illinois University Distinguished Professor, received the Illinois CPA Society Outstanding Accounting Educator Award in 2012 and has received university teaching awards from Northern Illinois University, George Mason University and Michigan State University.Annette Nellen, J.D., CPA, CGMA, directs San José State University’s graduate tax program (MST) and teaches courses in tax research, tax fundamentals, accounting methods, property transactions, employment tax, ethics, leadership and tax policy. Professor Nellen is a graduate of CSU Northridge, Pepperdine (MBA) and Loyola Law School. Prior to joining SJSU in 1990, she was with a Big 4 firm and the IRS. At SJSU, Professor Nellen is a recipient of the Outstanding Professor and Distinguished Service Awards. Professor Nellen is an active member of the tax sections of the AICPA and American Bar Association, including chairing the AICPA Virtual Currency Task Force. In 2013, she received the AICPA Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation. Professor Nellen is the author of Bloomberg BNA Tax Portfolio, Amortization of Intangibles. She has published numerous articles in the AICPA Tax Insider, Tax Adviser, Tax Notes State and The Journal of Accountancy. She is a research fellow with the Silicon Valley Institute for Regional Studies. Professor Nellen has testified before the House Ways and Means, Senate Finance Committees and other committees on Federal and state tax reform. Professor Nellen maintains the 21st Century Taxation Website and blog (21stcenturytaxation.com) as well as websites on tax policy and reform, virtual currency and state tax issues (sjsu.edu/people/annette.nellen/).David M. Maloney, Ph.D., CPA, is the Carman G. Blough Professor of Accounting Emeritus at the University of Virginia’s McIntire School of Commerce. He completed his undergraduate work at the University of Richmond and his graduate work at the University of Illinois at Urbana-Champaign. Upon joining the Virginia faculty in January 1984, Dr. Maloney taught Federal taxation in the graduate and undergraduate programs and was a recipient of major research grants from the Ernst &Young and KPMG Foundations. Dr. Maloney has published work in numerous professional journals, including Journal of Taxation, The Tax Adviser, Tax Notes, Corporate Taxation, Accounting Horizons, Journal of Taxation of Investments and Journal of Accountancy.Mark B. Persellin, Ph.D., CPA, CFP, is the Ray and Dorothy Berend Professor of Accounting at St. Mary’s University. He is a graduate of the University of Arizona (B.S.), the University of Texas at Austin (M.P.A. in Taxation) and the University of Houston (Ph.D.). He teaches Personal Income Tax, Business Income Tax and Research in Federal Taxation. Prior to joining St. Mary’s University in 1991, Professor Persellin taught at Florida Atlantic University and Southwest Texas University (Texas State University) and worked on the tax staff of a Big 4 firm. His research has been published in numerous academic and professional journals, including The Journal of the American Taxation Association, The Accounting Educators’ Journal, The Tax Adviser, The CPA Journal, Journal of Taxation, Corporate Taxation, The Tax Executive, TAXES—The Tax Magazine, Journal of International Taxation and Practical Tax Strategies. In 2003, Professor Persellin established the St. Mary’s University Volunteer Income Tax Assistance (VITA) site and he continues to serve as a trainer and reviewer at the site.Andrew D. Cuccia, Ph.D., CPA, is Steed Professor of Accounting at the University of Oklahoma. He is a graduate of Loyola University, New Orleans (B.B.A.) and the University of Florida (Ph.D.). Prior to entering academia, Cuccia practiced as a CPA with a Big 4 accounting firm. Before joining the University of Oklahoma, he was on the faculty at Louisiana State University and the University of Illinois. His research focuses on taxpayer and tax professional judgment and decision-making and has been published in several journals, including The Accounting Review, The Journal of Accounting Research, The Journal of the American Taxation Association and Tax Notes. He has taught undergraduate and graduate courses in income tax fundamentals as well as graduate courses in corporate tax, tax policy and tax research. Andy is a past president of the American Taxation Association and a member of the American Accounting Association and the AICPA.Sharon S. Lassar, Ph.D., CPA (Florida), is the John J. Gilbert Professor and Director of the School of Accountancy at The University of Denver. Dr. Lassar earned her Ph.D. at the University of Southern California, her Master of Taxation at Bentley University and her Bachelor’s in Accounting from West Virginia University. Prior to joining the University of Denver, Dr. Lassar was Director of the School of Accounting at Florida International University and previously served on the faculties of Florida Atlantic University and the University of Arizona. She began her career with a Big 4 firm. Dr. Lassar has served the profession in many ways, most recently as a member of the AICPA Council. Dr. Lassar is a past president of the Accounting Programs Leadership Group and Past Chair of the Colorado Society of CPAs. Dr. Lassar also served on the Accounting Accreditation Task Force of AACSB International whose work resulted in new standards for accreditation, the hallmark of them being fully engaging practitioners in the accreditation process.Bradrick M. Cripe, Ph.D., CPA, is Presidential Teaching Professor and the Donald E. Kieso Endowed Chair of Accountancy at Northern Illinois University. He is a graduate of New Mexico State University (B.A., B.C.J. and M.Acc.) and the University of Nebraska-Lincoln (Ph.D.). Prior to receiving his Ph.D. in 2006, he worked on the tax staff of a Big 4 accounting firm. Professor Cripe teaches courses in taxation and business strategy, corporate taxation, international taxation and advanced issues in taxation. He has published in The Accounting Review, Issues in Accounting Education, Journal of Accountancy, Tax Notes and other academic and practitioner journals.

Summary

Master today's most current tax concepts and tax law with SOUTH-WESTERN FEDERAL TAXATION 2023: COMPREHENSIVE, 46E and accompanying professional tax software. Updates emphasize the most recent tax changes impacting individuals, corporations, partnerships, estates and trusts and financial statements. You examine updates and reforms to 2022 tax laws as well as emerging developments. Recent examples, updated summaries and current tax scenarios clarify concepts and help sharpen critical-thinking, writing and research skills. Sample exam questions from Becker C.P.A. Exam Review also help you prepare. Each new book includes access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters and CNOWv2 online tools. Use this complete introduction to federal taxes to prepare for the C.P.A. exam or the Enrolled Agent exam, or to simply further your career in tax accounting, financial reporting or auditing.

Product details

• Authors: Brad Cripe, Andrew Cuccia, Sharon Lassar, David Maloney, David M. Maloney, Maloney David, Annette Nellen, Mark Persellin, James Young
• Publisher: Cengage Learning
• Languages: English
• Product format: Hardback
• Released: 30.09.2022
• EAN: 9780357719688
• ISBN: 978-0-357-71968-8
• Dimensions: 223 mm x 50 mm x 284 mm
• Weight: 2948 g
• Subjects: Guides > Law, job, finance > Taxes; Social sciences, law, business > Business > Business administration; BUSINESS & ECONOMICS / Public Finance, Taxation, Public finance & taxation