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ISBN10: 1266138471 | ISBN13: 9781266138478
* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.
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FULLY UPDATED FOR CURRENT TAX LAWS
Principles of Taxation for Business and Investment Planning focuses on the role taxes play in business and investment decisions, 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: 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 titles, Principles of Taxation for Business and Investment Planning downplays the technical detail that makes the study of Taxation convoluted and off-putting for business students. This title shows 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!
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
Appendix 10–A: Calculating the QBI Deduction When Taxable Income Is in the Phase-in Range
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
Appendix A: Present Value of $1
Appendix B: Present Value of Annuity of $1
Appendix C: 2023 Income Tax Rates
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