Description
South-Western Federal Taxation 2016: Comprehensive by William H. Hoffman EBOOK PDF Instant Download
Table of Contents
Title
Statement
Copyright
Preface
Brief Contents
Contents
Part 1: Introduction and Basic Tax Model
Ch 1: An Introduction to Taxation and Understanding the Federal Tax Law
Ch 1: Learning Objectives: After Completing Chapter 1, You Should Be Able To:
Ch 1: Chapter Outline
Ch 1: Introduction
1-1: Learning and Coping with Taxation
1-2: A Brief History of U.S. Taxation
1-3: Criteria Used in the Selection of a Tax Structure
1-4: The Tax Structure
1-5: Major Types of Taxes
1-6: Tax Administration
1-7: Understanding the Federal Tax Law
1-8: Summary
Ch 1: Key Terms
Ch 1: Discussion Questions
Ch 2: Working with the Tax Law
Ch 2: Learning Objectives: After Completing Chapter 2, You Should Be Able To:
Ch 2: Chapter Outline
Ch 2: Introduction
2-1: Tax Sources
2-2: Working with the Tax Law—Tax Research Tools
2-3: Working with the Tax Law—Tax Research
2-4: Working with the Tax Law—Tax Planning
2-5: Taxation on the CPA Examination
Ch 2: Key Terms
Ch 2: Discussion Questions
Ch 2: Problems
Ch 2: Research Problems
Ch 3: Computing the Tax
Ch 3: Learning Objectives: After Completing Chapter 3, You Should Be Able To:
Ch 3: Chapter Outline
Ch 3: Introduction
3-1: Tax Formula
3-2: Personal Exemptions
3-3: Dependency Exemptions
3-4: Filing the Return
3-5: Tax Computations
3-6: Gains and Losses from Property Transactions—In General
3-7: Gains and Losses from Property Transactions—Capital Gains and Losses
3-8: Tax Planning
Ch 3: Key Terms
Ch 3: Discussion Questions
Ch 3: Computational Exercises
Ch 3: Problems
Ch 3: Cumulative Problems
Ch 3: Research Problems
Ch 3: Roger CPA Review Questions
Part 2: Gross Income
Ch 4: Gross Income: Concepts and Inclusions
Ch 4: Learning Objectives: After Completing Chapter 4, You Should Be Able To:
Ch 4: Chapter Outline
Ch 4: Introduction
4-1: Gross Income—What Is It?
4-2: Year of Inclusion
4-3: Income Sources
4-4: Items Specifically Included in Gross Income
4-5: Tax Planning
Ch 4: Key Terms
Ch 4: Discussion Questions
Ch 4: Computational Exercises
Ch 4: Problems
Ch 4: Cumulative Problems
Ch 4: Research Problems
Ch 4: Roger CPA Review Questions
Ch 5: Gross Income: Exclusions
Ch 5: Learning Objectives: After Completing Chapter 5, You Should Be Able To:
Ch 5: Chapter Outline
Ch 5: Introduction
5-1: Statutory Authority
5-2: Gifts and Inheritances
5-3: Life Insurance Proceeds
5-4: Scholarships
5-5: Compensation for Injuries and Sickness
5-6: Employer-Sponsored Accident and Health Plans
5-7: Meals and Lodging
5-8: Employee Fringe Benefits
5-9: Foreign Earned Income
5-10: Interest on Certain State and Local Government Obligations
5-11: Corporate Distributions to Shareholders
5-12: Educational Savings Bonds
5-13: Qualified Tuition Programs (§ 529 Plans)
5-14: Qualified ABLE Programs (§ 529A Plans)
5-15: Tax Benefit Rule
5-16: Income from Discharge of Indebtedness
5-17: Tax Planning
Ch 5: Key Terms
Ch 5: Discussion Questions
Ch 5: Computational Exercises
Ch 5: Problems
Ch 5: Cumulative Problems
Ch 5: Research Problems
Ch 5: Roger CPA Review Questions
Part 3: Deductions and Credits
Ch 6: Deductions and Losses: In General
Ch 6: Learning Objectives: After Completing Chapter 6, You Should Be Able To:
Ch 6: Chapter Outline
Ch 6: Introduction
6-1: Classification of Deductible Expenses
6-2: Deductions and Losses—Timing of Expense Recognition
6-3: Disallowance Possibilities
6-4: Tax Planning
Ch 6: Key Terms
Ch 6: Discussion Questions
Ch 6: Computational Exercises
Ch 6: Problems
Ch 6: Cumulative Problems
Ch 6: Research Problems
Ch 6: Roger CPA Review Questions
Ch 7: Deductions and Losses: Certain Business Expenses and Losses
Ch 7: Learning Objectives: After Completing Chapter 7, You Should Be Able To:
Ch 7: Chapter Outline
Ch 7: Introduction
7-1: Bad Debts
7-2: Worthless Securities
7-3: Losses of Individuals
7-4: Research and Experimental Expenditures
7-5: Domestic Production Activities Deduction
7-6: Net Operating Losses
7-7: Tax Planning
Ch 7: Key Terms
Ch 7: Discussion Questions
Ch 7: Computational Exercises
Ch 7: Problems
Ch 7: Cumulative Problems
Ch 7: Research Problems
Ch 7: Roger CPA Review Questions
Ch 8: Depreciation, Cost Recovery, Amortization, and Depletion
Ch 8: Learning Objectives: After Completing Chapter 8, You Should Be Able To:
Ch 8: Chapter Outline
Ch 8: Introduction
8-1: Depreciation and Cost Recovery
8-2: Modified Accelerated Cost Recovery System (MACRS): General Rules
8-3: Modified Accelerated Cost Recovery System (MACRS): Special Rules
8-4: Reporting Procedures
8-5: Amortization
8-6: Depletion
8-7: Tax Planning
Ch 8: Key Terms
Ch 8: Discussion Questions
Ch 8: Computational Exercises
Ch 8: Problems
Ch 8: Cumulative Problems
Ch 8: Research Problems
Ch 8: Roger CPA Review Questions
Ch 9: Deductions: Employee and Self-Employed-Related Expenses
Ch 9: Learning Objectives: After Completing Chapter 9, You Should Be Able To:
Ch 9: Chapter Outline
Ch 9: Introduction
9-1: Employee versus Self-Employed
9-2: Employee Expenses—In General
9-3: Transportation Expenses
9-4: Travel Expenses
9-5: Moving Expenses
9-6: Education Expenses
9-7: Entertainment and Meal Expenses
9-8: Other Employee Expenses
9-9: Contributions to Retirement Accounts
9-10: Individual Retirement Accounts (IRAS)
9-11: Retirement Plans for Self-Employed Individuals
9-12: Classification of Employee Expenses
9-13: Limitations on Itemized Deductions
9-14: Tax Planning
Ch 9: Key Terms
Ch 9: Discussion Questions
Ch 9: Computational Exercises
Ch 9: Problems
Ch 9: Cumulative Problems
Ch 9: Research Problems
Ch 9: Roger CPA Review Questions
Ch 10: Deductions and Losses: Certain Itemized Deductions
Ch 10: Learning Objectives: After Completing Chapter 10, You Should Be Able To:
Ch 10: Chapter Outline
Ch 10: Introduction
10-1: Medical Expenses
10-2: Taxes
10-3: Interest
10-4: Charitable Contributions
10-5: Miscellaneous Itemized Deductions
10-6: Other Miscellaneous Deductions
10-7: Comprehensive Example of Schedule A
10-8: Overall Limitation on Certain Itemized Deductions
10-9: Tax Planning
Ch 10: Key Terms
Ch 10: Discussion Questions
Ch 10: Computational Exercises
Ch 10: Problems
Ch 10: Cumulative Problems
Ch 10: Research Problems
Ch 10: Roger CPA Review Questions
Ch 11: Investor Losses
Ch 11: Learning Objectives: After Completing Chapter 11, You Should Be Able To:
Ch 11: Chapter Outline
Ch 11: Introduction
11-1: The Tax Shelter Problem
11-2: At-Risk Limits
11-3: Passive Loss Limits
11-4: Investment Interest Limitation
11-5: Other Investment Losses
11-6: Tax Planning
Ch 11: Key Terms
Ch 11: Discussion Questions
Ch 11: Computational Exercises
Ch 11: Problems
Ch 11: Research Problems
Ch 11: Roger CPA Review Questions
Ch 12: Tax Credits and Payments
Ch 12: Learning Objectives: After Completing Chapter 12, You Should Be Able To:
Ch 12: Chapter Outline
Ch 12: Introduction
12-1: Tax Policy Considerations
12-2: Tax Credits
12-3: Specific Business-Related Tax Credit Provisions
12-4: Other Tax Credits
12-5: Tax Payments
12-6: Tax Planning
Ch 12: Key Terms
Ch 12: Discussion Questions
Ch 12: Computational Exercises
Ch 12: Problems
Ch 12: Cumulative Problems
Ch 12: Research Problems
Ch 12: Roger CPA Review Questions
Part 4: Property Transactions
Ch 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Ex
Ch 13: Learning Objectives: After Completing Chapter 13, You Should Be Able To:
Ch 13: Chapter Outline
Ch 13: Introduction
13-1: Determination of Gain or Loss
13-2: Basis Considerations
13-3: General Concept of a Nontaxable Exchange
13-4: Like-Kind Exchanges—§ 1031
13-5: Involuntary Conversions—§ 1033
13-6: Sale of a Residence—§ 121
13-7: Other Nonrecognition Provisions
13-8: Tax Planning
Ch 13: Key Terms
Ch 13: Discussion Questions
Ch 13: Computational Exercises
Ch 13: Problems
Ch 13: Cumulative Problems
Ch 13: Research Problems
Ch 13: Roger CPA Review Questions
Ch 14: Property Transactions: Capital Gains and Losses, § 1231, and Recapture Provisions
Ch 14: Learning Objectives: After Completing Chapter 14, You Should Be Able To:
Ch 14: Chapter Outline
Ch 14: Introduction
14-1: General Scheme of Taxation
14-2: Capital Assets
14-3: Sale or Exchange
14-4: Holding Period
14-5: Tax Treatment of Capital Gains and Losses of Noncorporate Taxpayers
14-6: Tax Treatment of Capital Gains and Losses of Corporate Taxpayers
14-7: Overview of § 1231 and the Recapture Provisions
14-8: Section 1231 Assets
14-9: Section 1245 Recapture
14-10: Section 1250 Recapture
14-11: Considerations Common to §§ 1245 and 1250
14-12: Special Recapture Provisions
14-13: Reporting Procedures
14-14: Tax Planning
Ch 14: Key Terms
Ch 14: Discussion Questions
Ch 14: Computational Exercises
Ch 14: Problems
Ch 14: Cumulative Problems
Ch 14: Research Problems
Ch 14: Roger CPA Review Questions
Part 5: Special Tax Computations and Accounting Periods and Methods
Ch 15: Alternative Minimum Tax
Ch 15: Learning Objectives: After Completing Chapter 15, You Should Be Able To:
Ch 15: Chapter Outline
Ch 15: Introduction
15-1: Individual Alternative Minimum Tax
15-2: Corporate Alternative Minimum Tax
15-3: Tax Planning
Ch 15: Key Terms
Ch 15: Discussion Questions
Ch 15: Computational Exercises
Ch 15: Problems
Ch 15: Cumulative Problems
Ch 15: Research Problems
Ch 15: Roger CPA Review Questions
Ch 16: Accounting Periods and Methods
Ch 16: Learning Objectives: After Completing Chapter 16, You Should Be Able To:
Ch 16: Chapter Outline
Ch 16: Introduction
16-1: Accounting Periods
16-2: Accounting Methods
16-3: Special Accounting Methods
16-4: Tax Planning
Ch 16: Key Terms
Ch 16: Discussion Questions
Ch 16: Computational Exercises
Ch 16: Problems
Ch 16: Research Problems
Ch 16: Roger CPA Review Questions
Part 6: Corporations
Ch 17: Corporations: Introduction and Operating Rules
Ch 17: Learning Objectives: After Completing Chapter 17, You Should Be Able To:
Ch 17: Chapter Outline
Ch 17: Introduction
17-1: Tax Treatment of Various Business Forms
17-2: An Introduction to the Income Taxation of Corporations
17-3: Determining the Corporate Income Tax Liability
17-4: Procedural Matters
17-5: Tax Planning
Ch 17: Key Terms
Ch 17: Discussion Questions
Ch 17: Computational Exercises
Ch 17: Problems
Ch 17: Research Problems
Ch 17: Roger CPA Review Questions
Ch 18: Corporations: Organization and Capital Structure
Ch 18: Learning Objectives: After Completing Chapter 18, You Should Be Able To:
Ch 18: Chapter Outline
Ch 18: Introduction
18-1: Organization of and Transfers to Controlled Corporations
18-2: Capital Structure of a Corporation
18-3: Investor Losses
18-4: Gain from Qualified Small Business Stock
18-5: Tax Planning
Ch 18: Key Terms
Ch 18: Discussion Questions
Ch 18: Computational Exercises
Ch 18: Problems
Ch 18: Research Problems
Ch 18: Roger CPA Review Questions
Ch 19: Corporations: Distributions Not in Complete Liquidation
Ch 19: Learning Objectives: After Completing Chapter 19, You Should Be Able To:
Ch 19: Chapter Outline
Ch 19: Introduction
19-1: Corporate Distributions—Overview
19-2: Earnings and Profits (E & P)
19-3: Dividends
19-4: Stock Redemptions
19-5: Stock Redemptions—Effect on the Corporation
19-6: Other Corporate Distributions
19-7: Tax Planning
Ch 19: Key Terms
Ch 19: Discussion Questions
Ch 19: Computational Exercises
Ch 19: Problems
Ch 19: Research Problems
Ch 19: Roger CPA Review Questions
Ch 20: Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations
Ch 20: Learning Objectives: After Completing Chapter 20, You Should Be Able To:
Ch 20: Chapter Outline
Ch 20: Introduction
20-1: Liquidations—In General
20-2: Liquidations—Effect on the Distributing Corporation
20-3: Liquidations—Effect on the Shareholder
20-4: Liquidations—Parent-Subsidiary Situations
20-5: Corporate Reorganizations
20-6: Tax Planning
Ch 20: Key Terms
Ch 20: Discussion Questions
Ch 20: Computational Exercises
Ch 20: Problems
Ch 20: Research Problems
Ch 20: Roger CPA Review Questions
Part 7: Flow-Through Entities
Ch 21: Partnerships
Ch 21: Learning Objectives: After Completing Chapter 21, You Should Be Able To:
Ch 21: Chapter Outline
Ch 21: Introduction
21-1: Overview of Partnership Taxation
21-2: Formation of a Partnership: Tax Effects
21-3: Operations of the Partnership
21-4: Transactions between Partners and Partnerships
21-5: Distributions from the Partnership
21-6: Sale of a Partnership Interest
21-7: Limited Liability Entities
21-8: Tax Planning
Ch 21: Key Terms
Ch 21: Discussion Questions
Ch 21: Computational Exercises
Ch 21: Problems
Ch 21: Research Problems
Ch 21: Roger CPA Review Questions
Ch 22: S Corporations
Ch 22: Learning Objectives: After Completing Chapter 22, You Should Be Able To:
Ch 22: Chapter Outline
Ch 22: Introduction
22-1: Choice of Business Entity
22-2: Qualifying for S Corporation Status
22-3: Operational Rules
22-4: Tax Planning
22-5: Overall Comparison: Forms of Doing Business
Ch 22: Key Terms
Ch 22: Discussion Questions
Ch 22: Computational Exercises
Ch 22: Problems
Ch 22: Research Problems
Ch 22: Roger CPA Review Questions
Part 8: Advanced Tax Practice Considerations
Ch 23: Exempt Entities
Ch 23: Learning Objectives: After Completing Chapter 23, You Should Be Able To:
Ch 23: Chapter Outline
Ch 23: Introduction
23-1: Types of Exempt Organizations
23-2: Requirements for Exempt Status
23-3: Taxes on Exempt Entities
23-4: Private Foundations
23-5: Unrelated Business Income Tax
23-6: Reporting Requirements
23-7: Tax Planning
Ch 23: Key Terms
Ch 23: Discussion Questions
Ch 23: Computational Exercises
Ch 23: Problems
Ch 23: Research Problems
Ch 23: Roger CPA Review Questions
Ch 24: Multistate Corporate Taxation
Ch 24: Learning Objectives: After Completing Chapter 24, You Should Be Able To:
Ch 24: Chapter Outline
Ch 24: Introduction
24-1: Overview of Corporate State Income Taxation
24-2: Allocation and Apportionment of Income
24-3: The Unitary Theory
24-4: Taxation of S Corporations
24-5: Taxation of Partnerships and LLCS
24-6: Other State and Local Taxes
24-7: Tax Planning
Ch 24: Key Terms
Ch 24: Discussion Questions
Ch 24: Computational Exercises
Ch 24: Problems
Ch 24: Research Problems
Ch 25: Taxation of International Transactions
Ch 25: Learning Objectives: After Completing Chapter 25, You Should Be Able To:
Ch 25: Chapter Outline
Ch 25: Introduction
25-1: Overview of International Taxation
25-2: Tax Treaties
25-3: Sourcing of Income and Deductions
25-4: Foreign Currency Transactions
25-5: U.S. Persons with Foreign Income
25-6: U.S. Taxation of Nonresident Aliens and Foreign Corporations
25-7: Tax Planning
Ch 25: Key Terms
Ch 25: Discussion Questions
Ch 25: Computational Exercises
Ch 25: Problems
Ch 25: Research Problems
Ch 26: Tax Practice and Ethics
Ch 26: Learning Objectives: After Completing Chapter 26, You Should Be Able To:
Ch 26: Chapter Outline
Ch 26: Introduction
26-1: Tax Administration
26-2: The Tax Profession and Tax Ethics
26-3: Tax Planning
Ch 26: Key Terms
Ch 26: Discussion Questions
Ch 26: Computational Exercises
Ch 26: Problems
Ch 26: Research Problems
Ch 26: Roger CPA Review Questions
Part 9: Family Tax Planning
Ch 27: The Federal Gift and Estate Taxes
Ch 27: Learning Objectives: After Completing Chapter 27, You Should Be Able To:
Ch 27: Chapter Outline
Ch 27: Introduction
27-1: Transfer Taxes—In General
27-2: The Federal Gift Tax
27-3: The Federal Estate Tax
27-4: The Generation-Skipping Transfer Tax (GSTT)
27-5: Tax Planning
Ch 27: Key Terms
Ch 27: Discussion Questions
Ch 27: Computational Exercises
Ch 27: Problems
Ch 27: Research Problems
Ch 27: Roger CPA Review Questions
Ch 28: Income Taxation of Trusts and Estates
Ch 28: Learning Objectives: After Completing Chapter 28, You Should Be Able To:
Ch 28: Chapter Outline
Ch 28: Introduction
28-1: An Overview of Subchapter J
28-2: Nature of Trust and Estate Taxation
28-3: Taxable Income of Trusts and Estates
28-4: Taxation of Beneficiaries
28-5: Procedural Matters
28-6: Tax Planning
Ch 28: Key Terms
Ch 28: Discussion Questions
Ch 28: Computational Exercises
Ch 28: Problems
Ch 28: Research Problems
Ch 28: Roger CPA Review Questions
Appendix A: Tax Rate Schedules and Tables
Appendix B: Tax Forms
Appendix C: Glossary
Appendix D-1: Table of Code Sections Cited
Appendix D-2: Table of Regulations Cited
Appendix D-3: Table of Revenue Procedures and Revenue Rulings Cited
Appendix E: Practice Set Assignments—Comprehensive Tax Return Problems
Appendix F: Tax Formulas
Index
