Understanding Federal Income Taxation 6th Sixth Edition by Martin Burke, Michael, Friel – Ebook PDF Instant Download/Delivery:1531014593 9781531014599
Product details:
ISBN 10: 1531014593
ISBN 13: 9781531014599
Author: J. Martin Burke; Michael K. Friel
The sixth edition of Understanding Federal Income Taxation is a guide for students studying federal individual income taxation. Adopting material from the authors’ casebook, Taxation of Individual Income, now in its twelfth edition, the book is specifically designed for law students using other casebooks who seek supplemental material to assist them in their study of federal individual income taxation. Reflecting the changes made by the Tax Cuts and Jobs Act of 2017, this edition of Understanding Federal Income Taxation consists of forty-two chapters with each chapter addressing a basic topic in individual income taxation, e.g., the definition of “gross income,” the exclusion of gain from the sale of a principal residence, business deductions including the Section 199A deduction for qualified business income (added by the 2017 tax legislation), the treatment of capital gains and losses, the taxation of gains from the sale or exchange of real property, and the tax consequences of transfers between spouses and incident to divorce. Each chapter provides a detailed explanation of the interpretation and application of relevant Internal Revenue Code provision(s) and Treasury Regulations as well as summaries of leading cases and administrative rulings. The practical application of these authorities is illustrated in the numerous examples contained in each chapter. Because the provisions of the Internal Revenue Code are necessarily at the heart of tax study, each chapter also includes a part or all of the Code section(s) pertinent to the chapter topic. In summary, the book provides a detailed overview of the principles, policies, and law underlying federal individual income taxation.
Table of contents:
Chapter 1: Introduction to Federal Income Tax
Chapter 2: Gross Income Concepts and Limitations
Chapter 3: The Effect of an Obligation to Repay
Chapter 4: Gains Derived from Dealings in Property
Chapter 5: Gifts, Bequests and Inheritance
Chapter 6: Sale of a Principal Residence
Chapter 7: Scholarships and Prizes
Chapter 8: Life Insurance, Annuities, and Individual Retirement Accounts
Chapter 9: Discharge of Indebtedness
Chapter 10: Compensation for Personal Physical Injury and Physical Sickness
Chapter 11: Fringe Benefits
Chapter 12: Business and Profit Seeking Expenses
Chapter 13: Deduction for Qualified Business Income: Section 199A
Chapter 14: Capital Expenditures
Chapter 15: Depreciation
Chapter 16: Losses and Bad Debts
Chapter 17: Travel Expenses and Business Meals
Chapter 18: Educational Expenses
Chapter 19: Dual Use Property: Home Offices, Vacation Homes, and Passenger Automobiles
Chapter 20: The Interest Deduction
Chapter 21: The Deduction for Taxes
Chapter 22: Casualty Losses
Chapter 23: Medical Expenses
Chapter 24: Charitable Deductions
Chapter 25: Limitations on Deductions
Chapter 26: Cash Method Accounting
Chapter 27: Accrual Method Accounting
Chapter 28: Annual Accounting
Chapter 29: Capital Gains and Losses
Chapter 30: Quasi-Capital Assets: Section 1231
Chapter 31: Depreciation Recapture
Chapter 32: Assignment of Income and Kiddie Tax
Chapter 33: Below-Market Loans
Chapter 34: Effect of Debt on Basis and Amount Realized
Chapter 35: Transfers between Spouses and Incident to Divorce
Chapter 36: Like-Kind Exchanges of Real Property
Chapter 37: Involuntary Conversions
Chapter 38: Installment Sales
Chapter 39: Sale of a Business and Sale-Leasebacks
Chapter 40: An Introduction to Original Issue Discount
Chapter 41: Limitations on Tax Shelters
Chapter 42: The Alternative Minimum Tax
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