South-Western Federal Taxation 2022: Essentials of Taxation, 25th Edition

Cover
ProConnect Tax
Preface
Brief Contents
Contents
Part 1: The World of Taxation
	Chapter 1: Introduction to Taxation
		1-1: Taxes in Our Lives
		1-2: The Structure of Tax Systems
		1-3: Types of Taxes
		1-4: Income Taxation of Business Entities
		1-5: Tax Planning Fundamentals
		1-6: Understanding the Federal Tax Law
		1-7: Summary
	Chapter 2: Working with the Tax Law
		2-1: Tax Law Sources
		2-2: Working with the Tax Law-Tax Research
		2-3: Tax Research on the CPA Examination
	Chapter 3: Taxes in the Financial Statements
		3-1: Accounting for Income Taxes-Basic Principles
		3-2: Capturing, Measuring, and Recording Tax Expense-The Provision Process
		3-3: Tax Disclosures in the Financial Statements
		3-4: Special Issues
		3-5: Benchmarking
Part 2: Structure of Thefederal Income Tax
	Chapter 4: Gross Income
		4-1: The Tax Formula
		4-2: Gross Income
		4-3: Timing of Income Recognition
		4-4: General Sources of Income
		4-5: Specific Items of Gross Income
	Chapter 5: Business Deductions
		5-1: Overview of Business Deductions
		5-2: Timing of Deduction Recognition
		5-3: Disallowance Possibilities
		5-4: Research and Experimental Expenditures
		5-5: Issues Related to Other Common Business Deductions
		5-6: Charitable Contributions
		5-7: Cost Recovery Allowances
		5-8: Amortization
		5-9: Depletion
		5-10: Cost Recovery Tables
	Chapter 6: Losses and Loss Limitations
		6-1: Bad Debts
		6-2: Worthless Securities and Small Business Stock Losses
		6-3: Casualty and Theft Losses
		6-4: Net Operating Losses
		6-5: The Tax Shelter Problem
		6-6: At-Risk Limitations
		6-7: Passive Activity Loss Limits
		6-8: Excess Business Losses
Part 3: Property Transactions
	Chapter 7: Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges
		7-1: Determining Gain or Loss
		7-2: Basis Considerations
		7-3: Disallowed Losses
		7-4: Nontaxable Exchanges-General Concepts
		7-5: Like-Kind Exchanges-§ 1031
		7-6: Involuntary Conversions-§ 1033
		7-7: Sale of a Principal Residence-§ 121
	Chapter 8: Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions
		8-1: General Scheme of Property Taxation
		8-2: Capital Assets
		8-3: Special Rules
		8-4: Holding Period
		8-5: Tax Treatment of Capital Gains and Losses of Noncorporate Tax Payers
		8-6: Tax Treatment of Capital Gains and Losses of Corporate Tax Payers
		8-7: Section 1231 Gains and Losses
		8-8: Section 1245 Recapture
		8-9: Section 1250 Recapture
		8-10: Depreciation Recapture and Nontaxable and Tax-Free Transactions
Part 4: Taxation of Individuals
	Chapter 9: Individuals as Taxpayers
		9-1: The Individual Tax Formula
		9-2: Standard Deduction
		9-3: Dependents
		9-4: Filing Status and Filing Requirements
		9-5: Tax Deter Mination
		9-6: Tax Return Filing Procedures
	Chapter 10: Individuals: Income, Deductions and Credits
		10-1: Overview of Income Provisions Applicable to Individuals
		10-2: Specific Inclusions Applicable to Individuals
		10-3: Specific Exclusions Applicable to Individuals
		10-4: Itemized Deductions
		10-5: Individual Tax Credits
	Chapter 11: Individuals as Employees and Proprietors
		11-1: Employee Versus Independent Contractor
		11-2: Exclusions Available to Employees
		11-3: Expenses Relating to Time at Work
		11-4: Individuals as Proorietors
		11-5: Hobby Losses
Part 5: Business Entities
	Chapter 12: Corporations: Organization, Capital Structure, and Operating Rules
		12-1: An Intro Duction to Corporate Income Taxation
		12-2: Organization of and Transfers to Controlled Corporations
		12-3: Capital Structure of a Corporation
		12-4: Taxing Corporate Operations
		12-5: Procedural Matters
	Chapter 13: Corporations: Earnings & Profits and Distributions
		13-1: Corporate Distributions-Overview
		13-2: Earnings and Profits (E & P)
		13-3: Noncash Dividends
		13-4: Constructive Dividends
		13-5: Stock Dividends
		13-6: Stock Redemptions
		13-7: Corporate Liquidations
		13-8: Restrictions on Corporate Accumulations
	Chapter 14: Partnerships and Limited Liability Entities
		14-1: Overview of Partnership Taxation
		14-2: Formation of a Partnership: Tax Effects
		14-3: Operations of the Partnership
		14-4: Transactions Between Partner and Partnership
		14-5: Limited Liability Companies
		14-6: Summary
	Chapter 15: S Corporations
		15-1: An Overview of S Corporations
		15-2: Qualifying for S Corporation Status
		15-3: Operational Rules
		15-4: Entity-Level Taxes
		15-5: Summary
Part 6: Special Business Topics
	Chapter 16: Multijurisdictional Taxation
		16-1: The Multij Urisdictional Tax Payer
		16-2: U.s. Taxation of Multinational Transactions
		16-3: Crossing State Lines: State and Local Income Taxation in the United States
		16-4: Common Challenges
	Chapter 17: Business Tax Credits and the Alternative Minimum Tax
		17-1: General Business Tax Credit Overview
		17-2: Specific Credits in General Business Credit
		17-3: Foreign Tax Credit
		17-4: Alternative Minimum Tax (AMT)
	Chapter 18: Comparative Forms of Doing Business
		18-1: Alternative Organizational Forms in Which Business May Be Conducted
		18-2: Nontax Factors Affecting the Choice of Business Form
		18-3: The Tax Consequences of Organizational Form Choice
		18-4: Minimizing Double Taxation
		18-5: Disposing of a Business
		18-6: Converting to Anot Her Business Form
		18-7: Overall Comparison of Business Forms
Appendix A: Tax Formulas, Tax Rate Schedules, and Tables
Appendix B: Tax Forms
Appendix C: Glossary
Appendix D: Table of Code Sections Cited
Appendix E: Present Value and Future Value Tables
Index