Fundamentals of Taxation 2017 Edition / Edition 10 available in Paperback
Emphasizing a hands-on approach to tax education, every concept introduced in Fundamentals of Taxation includes
meaningful exercises that allow students to reinforce what they are learning. This book is designed to not only
expose beginning tax students to tax law, but to also teach the practical intricacies involved in the preparation of a
To train tomorrow’s tax preparers to handle the complex U.S. tax law, Fundamentals of Taxation’s author team
has devised four primary teaching advantages:
- The text is organized closely to follow the IRS tax forms. Actual tax forms are incorporated throughout the
text, giving students the opportunity to understand the principles behind tax law while they learn how to
work with clients to obtain the information they will need to complete tax forms.
- Proper reporting of tax issues are illustrated. The authors present a tax issue, discuss the legal requirements,
illustrate the proper tax form placement, and show the completed form in the text, mixing practical and legal
implications of tax preparation.
- Integration of an individual income tax software package (TaxACT).
- he authors supplement the text with citations of relevant tax authorities such as the Internal Revenue Code,
Treasury Regulations, Revenue Rulings, Revenue Procedures, and court cases.
|Publisher:||McGraw-Hill Professional Publishing|
|Edition description:||New Edition|
|Product dimensions:||6.00(w) x 1.25(h) x 9.00(d)|
About the Author
Dr. Ana Cruz is Chair of the Business Department at Miami Dade College, Wolfson Campus, where she utilizes her extensive experience in the areas of general business, management, accounting, and taxes. She has worked in the service, retailing, and manufacturing industries, as well as in the federal government sector, where she served as a field examiner for the Internal Revenue Service. Dr. Cruz, a certified public accountant, has published several articles in business journals, has participated in several SACS On-Site Committees, and has received the Southeast Banking Corporation Foundation Endowed Teaching Chair (1998) and the Wolfson Senior Foundation Endowed Teaching Chair (2002). She was also named the Professor of the Year for the State of Florida by the Council for Advancement and Support of Education and the Carnegie Foundation (2005).
Dr. Debra Prendergast has a doctor of philosophy degree in public policy from the University of Illinois at Chicago, a master's of business administration degree from Governors State University, and a bachelor of arts degree in business administration with a concentration in accounting from Saint Xavier University in Chicago. She is a licensed and practicing certified public accountant in Illinois and a certified management accountant. She began her professional accounting career as a management advisory services consultant with Grant Thornton before taking a position as the controller for a corporation in Chicago. To spend more time with her family, she left her controller position in 1988 and began a 21-year career with Northwestern College. In 2010, Dr. Prendergast became the dean of Business, Mathematics, and Science at Prairie State College. She served as an officer on the board of Teachers of Accounting at Two Year Colleges (TACTYC) and on the Precertification Education Executive committee of the AICPA.
Michael P. Deschamps received a bachelor of science degree in accounting, graduating magna cum laude from the University of San Diego, where he served as the chapter president for Beta Alpha Psi, the accounting honor society. After working in public accounting and obtaining his CPA license, he returned to San Diego State University, where he earned a master's degree in taxation and a certificate in financial planning. In addition, he earned his Enrolled Agent Certificate in 2004. HE is currently the lead accounting instructor at MiraCosta College in Oceanside, CA, where he has developed a highly regarded tax program certified by the State of California. He is an active member of Teachers of Accounting at Two Year Colleges (TACTYC) and has been a frequent presenter on tax topics at the organization's national conventions. He has also given presentations on tax issues to a variety of organizations.
Dr. Dan Schisler is a Professor and Research Fellow in the Accounting Department at East Carolina University. He holds a doctor of philosophy degree from Memphis State University, a master's degree in accounting- tax concentration from Auburn University, and a bachelor of science degree in accounting from Southeastern Louisiana University. In addition to public accounting experience with Peat Marwick Main & CO, Dr. Schisler has published numerous articles in national academic and practitioner journals such as Journal of the American Taxation Association, Advances in Taxation, and Accounting Horizons. HE teaching tax and accounting at the graduate and undergraduate levels at East Carolina, where he has been recognized for teaching excellence by numerous teaching awards at the department, school, and university levels. Dr. Schisler holds CPA certificates in North Carolina and Louisiana.
Dr. Frederick (Rick) Niswander is Vice Chancellor for Administration and Finance at East Carolina University. He holds a doctor of philosophy degree from Texas A&M University and a bachelor of science in business administration degree from Idaho State University. He has taught introductory financial accounting, international accounting, intermediate accounting, and a graduate accounting course that encompasses taxation, financial, and governmental accounting. Prior to obtaining his doctorate and joining the ECU faculty in 1993, he was the chief financial officer of a privately held real estate company in Phoenix, Arizona, for eight years. Dr. Niswander first became a CPA in 1981 and has been a North Carolina CPA since 1994. He is a member of the North Carolina Association of CPAs, the American Institute of Certified Public Accountants, and the American Accounting Association. He has held leadership roles in the American Institute of CPAs including chair of the Board of Examiner and as a member of the AIPCA Board of Directors.
Table of Contents
Chapter 1: Introduction to Taxation, the Income Tax Formula, and Form 1040 EZ
Chapter 2: Expanded Tax Formula, Forms 1040A and 1040, and Basic Concepts
Chapter 3: Gross Income: Inclusions and Exclusions
Chapter 4: Adjustments for Adjusted Gross Income
Chapter 5: Itemized Deductions
Chapter 6: Self-Employed Business Income (Line 12 of Form 1040 and Schedule C)
Chapter 7: Capital Gains and Other Sales of Property (Schedule D and Form 4797)
Chapter 8: Rental Property, Royalties, and Income from Flow-Through Entities (Line 17, Form 1040, and Schedule E)
Chapter 9: Tax Credits (Form 1040, Lines 46 through 54 and Line 66a through 73)
Chapter 10: Payroll Taxes
Chapter 11: Retirement and Other Tax-Deferred Plans and Annuities
Chapter 12: Special Property Transactions
Chapter 13: At-Risk/Passive Activity Loss Rules and the Individual Alternative Minimum Tax
Chapter 14: Partnership Taxation
Chapter 15: Corporate Taxation