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Principles of Taxation for Business and Investment Planning

ISBN10: 1266138471 | ISBN13: 9781266138478

Principles of Taxation for Business and Investment Planning
ISBN10: 1266138471
ISBN13: 9781266138478
By Sally Jones and Shelley Rhoades-Catanach

* 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!

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 
      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 


About the Author

Sally Jones

Sally M. Jones is professor emeritus of accounting at the McIntire School of Commerce, University of Virginia, where she taught undergraduate and graduate tax courses. Before joining the Virginia faculty in 1992, Professor Jones spent 14 years on the faculty of the Graduate School of Business, University of Texas at Austin. She received her undergraduate degree from Augusta College, her MPA from the University of Texas, and her PhD from the University of Houston. She is also a CPA. Professor Jones was the first editor of Advances in Taxation (JAI Press) and the Price Waterhouse Case Studies in Taxation. She has published numerous articles in the Journal of Taxation, The Tax Adviser, and the Journal of the American Taxation Association. Professor Jones is a frequent speaker at tax conferences and symposia, a past president of the American Taxation Association, and the 2000 recipient of the Ray M. Sommerfeld Outstanding Tax Educator Award.

Shelley Rhoades-Catanach

Shelley Rhoades-Catanach is an associate professor of accountancy at Villanova University. She teaches a variety of tax courses in Villanova’s undergraduate, masters of accounting, and graduate tax programs. Before joining the Villanova faculty in 1998, Professor Rhoades-Catanach spent four years on the faculty of Washington University in St. Louis. She has also served as a visiting faculty member at the Darden Graduate School, University of Virginia, and at INSEAD, an international MBA program in Fontainebleau, France. She received her undergraduate degree in accounting from the University of Nebraska at Lincoln and her PhD from the University of Texas at Austin. 

Professor Rhoades-Catanach has published articles in numerous journals, including the Journal of the American Taxation Association, Accounting Review, Issues in Accounting Education, Journal of Accounting Education, and Review of Accounting Studies. She has served as president, vice president, and trustee of the American Taxation Association and on the editorial boards of the Journal of the American Taxation Association and the Journal of International Accounting, Auditing and Taxation. She currently serves as co-editor of the Journal of International Accounting, Auditing, and Taxation. Professor Rhoades-Catanach is the 2010 recipient of the Ray M. Sommerfeld Outstanding Tax Educator Award.

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