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Federal Income Taxation, Fourteenth Edition
     

Federal Income Taxation, Fourteenth Edition

by Klein, Daniel N. Shaviro, Joseph Bankman, Shaviro
 

This accessible yet challenging casebook features distinguished authorship, an approach that integrates theory and policy throughout, and pedagogy that includes problems interspersed among notes and questions.

What distinguishes Federal Income Taxation from the competition?

  • excellent problems
  • a unique introduction

Overview

This accessible yet challenging casebook features distinguished authorship, an approach that integrates theory and policy throughout, and pedagogy that includes problems interspersed among notes and questions.

What distinguishes Federal Income Taxation from the competition?

  • excellent problems
  • a unique introduction that provides insightful historical background and some economic analysis
  • balance of theory and policy integrated throughout the text
  • excellent Teacher’s Manual

Changes for the 14th Edition feature:

Recent developments in taxation, including:

  • health insurance
  • the special rate for dividends
  • tax treatment of stock options
  • the deduction for medical expenses and its effects
  • new Health Savings Account provisions and their intended effects
  • new definitions of “dependents,” “qualifying relatives,” etc.
  • Description of Section 529 “qualified tuition programs”
  • Revenue Ruling 2004-18 (deduction for costs to clean up land with hazardous waste)
  • New Circular 230 rules for tax shelter opinions
  • Revised AMT discussion

New cases incorporated in the main text and notes:

  • King v. Commissioner (dependency exemption issue for divorced couple with a written declaration; good classroom facts and good opportunity to examine Code provision)
  • Discussion of Banks v. Commissioner (attorney fees included in client’s income) and PLR 200518017 (fees in opt-out class action not included in income of members of class)
  • Churchill Downs, Inc. v. Commissioner (application of the 50 percent limitation on deduction of entertainment expenses; nice facts and interesting legal issues)
  • Revised Note on INDOPCO, Inc. v. Commissioner and the new regulations
  • Discussion of Coltec Industries v. United States (“economic substance” doctrine as does not trump Code language)
  • Discussion and questions about United States v. Maginnis (rejecting taxpayer claim that sale for lump sum of right to annual lottery payments should give rise to capital gain)
  • Revised Teacher’s Manual with updated sample Syllabi and Transition Guide

An author website to support classroom instruction using this title is available at www.aspenlawschool.com/klein_federaltax14

Product Details

ISBN-13:
9780735558878
Publisher:
Wolters Kluwer Law & Business
Publication date:
12/01/2005
Edition description:
14TH
Pages:
777
Product dimensions:
7.20(w) x 10.20(h) x 1.30(d)

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