Principles of Taxation for Business and Investment Planning, 2015 Edition

Unlike traditional introductory texts, Principles of Taxation for Business and Investment Planning downplays the technical detail that makes the study of taxation such a nightmare for business students. This text attempts to convince 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 with the 2015 edition!

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

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

APPENDIXES

A Present Value of $1

B Present Value of Annuity of $1

C 2014 Income Tax Rates

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