West Federal Taxation 2008: Taxation of Business Entities, Professional Edition / Edition 11 available in Hardcover
- Pub. Date:
- Cengage Learning
Filled with relevant examples, WEST FEDERAL TAXATION: TAXATION OF BUSINESS ENTITIES, 2008 EDITION uses a business entity perspective in its solid coverage of federal taxationemphasizing tax concepts and issues, not the details of tax rules. Making it easier than ever to understand the impact that careful tax planning has in today's marketplace, WFT weaves an innovative tax planning framework throughout to more effectively demonstrate the relevance of tax planning for businesses and individual taxpayers. Recognizing the importance of applying tax rules in a business context, the book includes tax planning strategieswhich are tied to the tax planning frameworkin each chapter, illustrating the practical application of tax law and planning. It also pulls in material and concepts from other areas, highlighting the interrelationship of tax and economics, financial accounting, and finance. WFT offers readers many opportunities to sharpen critical-thinking and writing skills as well as build upon their knowledge as they progress through the text. More than just a textbook, the market-leading WFT offers a revolutionary experience. Built around the areas identified as the most important, this total integrated solution delivers ultimate flexibility. It also adheres to the recommendations of the Accounting Education Change Commission (AECC) and the American Institute of Certified Public Accountants (AICPA).
About the Author
James E. Smith is the John S. Quinn Professor of Accounting at the College of William and Mary. He has been a member of the accounting faculty for over 30 years. He received his Ph.D. from the University of Arizona. Professor Smith has served as a discussion leader for Continuing Professional Education programs for the American Institute of Certified Public Accountants (AICPA), Federal Tax Workshops, and various state CPA societies. He has conducted programs in more than 40 states for about 25,000 CPAs. He has been the recipient of the AICPA's Outstanding Discussion Leader Award and the American Taxation Association/Arthur Andersen Teaching Innovation Award. Among his other awards are the Virginia Society of CPAs' Outstanding Accounting Educator Award and the James Madison University's Outstanding Accounting Educator Award. He was the president of the Administrators of Accounting Programs Group (AAPG) in 1991-1992. He was the faculty adviser for the William and Mary teams that received first place in the Andersen Tax Challenge in 1994, 1995, 1997, 2000, and 2001, and in the Deloitte Tax Case Study Competition in 2002, 2004, 2005, 2006, and 2008.
William A. Raabe, Ph.D., CPA, teaches graduate tax courses at the Fisher College of Business of The Ohio State University, and at the Capital University (OH) Law School. He is a leader among business school tax faculty in incorporating developments in technology into curricula for the educational development of tax professionals. Dr. Raabe's teaching and research interests focus on Multijurisdictional taxation and financial planning, and he is recognized as the leader among business school academics in the fields of state and local income, sales, and property taxation. Dr. Raabe is the author or editor of approximately twenty books, including South-Western Federal Taxation, Schedule M-3 Compliance, and the Multistate Corporate Tax Guide. He has received university-wide recognition as the winner of the AMOCO Foundation Award for Teaching Excellence, and the Wisconsin Institute of CPAs named him the Educator of the Year.
David M. Maloney, Ph.D., CPA, is the Carman G. Blough Professor of Accounting at the University of Virginia's McIntire School of Commerce. He completed his undergraduate work at the University of Richmond and his graduate work at the University of Illinois at Urbana-Champaign. Since joining the Virginia faculty in January 1984, Professor Maloney has taught Federal taxation in the graduate and undergraduate programs, and has received major research grants from the Ernst & Young and KPMG Foundations. In addition, his work has been published in numerous professional journals, including The Journal of Taxation, The Tax Advisor, Tax Notes, Corporate Taxation, Accounting Horizons, Journal of Taxation of Investments, and Journal of Accountancy. He is a member of several professional organizations, including the American Accounting Association and the American Taxation Association.
Table of Contents
PART I. THE WORLD OF TAXATION. 1. Introduction to Taxation. 2. Working with the Tax Law. 3. Taxes on the Financial Statements. PART II. STRUCTURE OF THE FEDERAL INCOME TAX. 4. Gross Income. 5. Business Deductions. 6. Losses and Loss Limitations. PART III. PROPERTY TRANSACTIONS. 7. Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges. 8. Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions. PART IV. BUSINESS ENTITIES. 9. Corporations: Organization, Capital Structure, and Operating Rules. 10. Corporations: Earnings & Profits and Dividend Distributions. 11. Partnerships and Limited Liability Entities. 12. S Corporations. PART V. SPECIAL BUSINESS TOPICS. 13. Multijurisdictional Taxation. 14. Business Tax Credits and Corporate Alternative Minimum Tax. 15. Comparative Forms of Doing Business. PART VI. TAXATION OF INDIVIDUALS. 16. Introduction to the Taxation of Individuals. 17. Individuals as Employees and Proprietors. Appendixes. Subject Index.