Concepts in Federal Taxation is designed for a more conceptual, less detailed approach to federal taxation of individuals and corporations in an introductory taxation course. This conceptual approach presents taxation as a small number of unifying concepts, stressing the overriding principles that apply to all specific tax rules and regulations. Concepts in Federal Taxation offers a balance between tax concepts and the tax code and regulations, so that users will be prepared for a future in the business environment.
Product dimensions: 8.72 (w) x 11.06 (h) x 1.41 (d)
Meet the Author
A professor emeritus at Oklahoma State University, Dr. Kevin E. Murphy earned his Ph.D. at the University of Wisconsin-Madison and his B.S. and M.S. in Accounting at Utah State University. He has published articles in the JOURNAL OF THE AMERICAN TAXATION ASSOCIATION and THE JOURNAL OF ACCOUNTING EDUCATION. Dr. Murphy is a member of the American Accounting Association and the American Taxation Association.
Dr. Mark Higgins is Dean and The Alfred J. Verrecchia and Hasbro Inc. Leadership Chair in Business at the University of Rhode Island. He earned his Ph.D. at the University of Tennessee and his B.S. and M.S. in Accounting at the University of South Carolina. He has articles published in ACCOUNTING HISTORIANS JOURNAL, JOURNAL OF ACCOUNTING EDUCATION, TAXATION FOR ACCOUNTANTS, CRITICAL PERSPECTIVES IN ACCOUNTING, JOURNAL OF LEGAL TAX RESEARCH, THE CPA JOURNAL, and THE TAX ADVISER. He is also a Certified Public Accountant (inactive).
PART I: CONCEPTUAL FOUNDATIONS OF THE TAX LAW 1. Federal Income Taxation - An Overview 2. Income Tax Concepts PART II: GROSS INCOME 3. Income Sources 4. Income Exclusions PART III: DEDUCTIONS 5. Introduction to Business Expenses 6. Business Expenses 7. Losses: Deductions and Limitations 8. Taxation of Individuals PART IV: PROPERTY TRANSACTIONS 9. Acquisitions of Property 10. Cost Recovery on Property: Depreciation, Depletion, and Amortization 11. Property Dispositions 12. Nonrecognition Transactions PART V: INCOME TAX ENTITIES 13. Choice of Business Entity - General Tax and Nontax Factors/Formation 14. Choice of Business Entity - Operations and Distributions 15. Choice of Business Entity - Other Considerations PART VI: TAX RESEARCH 16. Tax Research Appendices: A. Tax Rate Schedules and Tax Tables B. Tax Return Problem C. Tax Forms D. Statements on Responsibilities in Tax Practice