Federal Income Taxation: Model Problems and Outstanding Answers

Overview

Tax law is a daunting subject for many law students. It requires a firm grasp of the Internal Revenue Code provisions, the reasoning behind them, the way they interact, and the way courts have interpreted them. Students must also acquire a brand new vocabulary of tax terms.

For the first time, Oxford University Press equips students with an accessible guide to acing this most challenging of law school tests. In Federal Income Taxation: Model Problems and Outstanding Answers, ...

See more details below
Other sellers (Paperback)
  • All (19) from $7.49   
  • New (10) from $7.49   
  • Used (9) from $7.78   
Sending request ...

Overview

Tax law is a daunting subject for many law students. It requires a firm grasp of the Internal Revenue Code provisions, the reasoning behind them, the way they interact, and the way courts have interpreted them. Students must also acquire a brand new vocabulary of tax terms.

For the first time, Oxford University Press equips students with an accessible guide to acing this most challenging of law school tests. In Federal Income Taxation: Model Problems and Outstanding Answers, Camilla E. Watson helps students demonstrate their knowledge of federal income tax law in the structured and sophisticated manner that professors expect on law school exams.

This book includes clear introductions to the major topics in tax law, provides hypothetical's similar to those that students can expect to see on an exam, and offers model answers to those hypothetical's. Professor Watson then gives students the opportunity to evaluate their own work with a comprehensive self-analysis section. This book prepares students by challenging them to use the law they learn in class while also explaining the best way to express an answer on law school exams.

Read More Show Less

Editorial Reviews

From the Publisher
"Professor Watson has created an outstanding set of materials. The Hypotheticals are comprehensive yet concise, the Sample Essays are thoughtfully constructed, and the Tools for Self Assessment provide insights that are obviously the product of years of teaching experience. This book will serve as a useful supplement."
—Mark Wright Cochran
Professor of Law, St. Mary's University School of Law

"A wonderful study aid for students, with sophisticated, highly nuanced problems in individual subject areas, model solutions, and references. More than an exam-prep tool, this is the kind of reference a student will want to have next to their casebook throughout the semester."
—Norman Stein
Professor of Law, Earle Mack School of Law at Drexel University

"Camilla Watson has provided a very helpful guide for beginning tax students. With its extensive coverage of thirty-six subjects typically covered in the basic federal income tax course, the book gives students the opportunity to test their understanding through the vehicle of thoughtful problems with truly 'outstanding' sample answers. Diligent students will benefit enormously by reviewing each topic as they complete the material in their course."
—Paul L. Caron
Charles Hartsock Professor of Law, University of Cincinnati College of Law

Read More Show Less

Product Details

Meet the Author

Camilla E. Watson is a Professor of Law at the University of Georgia School of Law, where she teaches courses on federal taxation and criminal law. Her scholarly interests lie in the area of federal taxation in which she has published a number of articles and several books. Professor Watson served as founding chair of the Section on Employee Benefits of the Association of American Law Schools.

While in private practice, she was a member of the Federal Tax Council of the Illinois State Bar Association. She is a member of the bar of the states of Illinois, South Carolina and Mississippi.

Read More Show Less

Table of Contents

FEDERAL INCOME TAX: Model Problems and Outstanding Answers

Introduction
1. The Concept of Gross Income: Realization and Recognition
2. The Concept of Gross Income: Exclusions
3. Property Transactions: The Concept of Basis and Capital Recovery
4. Purchase and Sale of a Principal Residence
5. Dissolution of a Marriage
6. Employee Fringe Benefits
7. Meals and Lodging Furnished To An Employee
8. Life Insurance
9. Discharge of Indebtedness
10. Assignment of Income
11. Education Incentives
12. Casualty Losses, Medical Expenses and the Tax Benefit Rule
13. Charitable Deductions
14. Moving Expenses
15. Business Expense Deductions
16. Nonbusiness, Profit-Oriented Expenses
17. Mixed Purpose Expenditures
18. Sale of a Vacation/Secondary Residence
19. Accounting Methods: Cash Receipts/Disbursements and Accrual
20. Claim of Right and Tax Benefit Doctrines
21. Capital Gains and Losses
22. Depreciation
23. Sale of A Business: Characterization of Gain and Loss
24. Installment Sales
25. Nonrecognition Transactions: Like-Kind Exchanges and Involuntary Conversions
26. Nonrecognition Transactions: Wash Sales of Stock and Securities
27. Loss Transactions Between Related Parties
28. Transfers of Property For Services
29. Income in Respect of a Decedent
30. Grantor Trusts
31. Bad Debts
32. Interest Deductions
33. Adjusted Gross Income and Social Security Benefits
34. Personal Exemptions, Standard Deduction, Itemized Deductions and Tax Credits
35. Tax Shelters
36. Tax Procedure

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)