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Pearson's Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts 31st edition [Hardback]

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  • Formāts: Hardback, 976 pages, height x width x depth: 279x226x38 mm, weight: 1920 g
  • Izdošanas datums: 18-Aug-2017
  • Izdevniecība: Pearson
  • ISBN-10: 0134550927
  • ISBN-13: 9780134550923
Citas grāmatas par šo tēmu:
Pearson's Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts 31st editionPalielināt
  • Formāts: Hardback, 976 pages, height x width x depth: 279x226x38 mm, weight: 1920 g
  • Izdošanas datums: 18-Aug-2017
  • Izdevniecība: Pearson
  • ISBN-10: 0134550927
  • ISBN-13: 9780134550923
Citas grāmatas par šo tēmu:
Permanent link: https://www.kriso.lv/db/9780134550923.html
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Preface xiv
Chapter 1 Tax Research 1-1(1)
Overview of Tax Research
1-2(1)
Steps in the Tax Research Process
1-3(1)
Importance of the Facts to the Tax Consequences
1-5(1)
Creating a Factual Situation Favorable to the Taxpayer
1-6(1)
The Sources of Tax Law
1-7(1)
The Legislative Process
1-7(1)
The Internal Revenue Code
1-8(1)
Treasury Regulations
1-9(1)
Administrative Pronouncements
1-11(1)
Judicial Decisions
1-14(1)
Tax Treaties
1-24(1)
Tax Periodicals
1-24(1)
Tax Services
1-25(1)
The Internet as a Research Tool
1-26(1)
Keyword Searches
1-27(1)
Search by Citation
1-28(1)
Noncommercial Internet Services
1-28(1)
Citators
1-28(1)
Using the Citator
1-30(1)
Professional Guidelines for Tax Services
1-30(1)
Treasury Department Circular 230
1-30(1)
AICPA's Statements on Tax Standards
1-31(1)
Sample Work Papers and Client Letter
1-34(1)
Problem Materials
1-34(1)
Discussion Questions
1-34(1)
Problems
1-35(1)
Comprehensive Problem
1-38(1)
Tax Strategy Problem
1-38(1)
Case Study Problem
1-39(1)
Tax Research Problems
1-39(1)
Chapter 2 Corporate Formations And Capital Structure 2-1(1)
Organization Forms Available
2-2(1)
Sole Proprietorships
2-2(1)
Partnerships
2-3(1)
Corporations
2-5(1)
Limited Liability Companies
2-8(1)
Limited Liability Partnerships
2-8(1)
Check-the-Box Regulations
2-8(1)
Legal Requirements and Tax Considerations Related to Forming a Corporation
2-9(1)
Legal Requirements
2-9(1)
Tax Considerations
2-9(1)
Section 351: Deferring Gain or Loss Upon Incorporation
2-12(1)
The Property Requirement
2-12(1)
The Control Requirement
2-13(1)
The Stock Requirement
2-16(1)
Effect of Sec. 351 on the Transferors
2-16(1)
Tax Consequences to Transferee Corporation
2-20(1)
Assumption of the Transferor's Liabilities
2-22(1)
Other Considerations in a Sec. 351 Exchange
2-25(1)
Choice of Capital Structure
2-27(1)
Characterization of Obligations as Debt or Equity
2-27(1)
Debt Capital
2-28(1)
Equity Capital
2-29(1)
Capital Contributions by Shareholders
2-29(1)
Capital Contributions by Nonshareholders
2-31(1)
Worthlessness of Stock or Debt Obligations
2-32(1)
Securities
2-32(1)
Unsecured Debt Obligations
2-33(1)
Tax Planning Considerations
2-34(1)
Avoiding Sec. 351
2-34(1)
Compliance and Procedural Considerations
2-36(1)
Reporting Requirements Under Sec. 351
2-36(1)
Problem Materials
2-37(1)
Discussion Questions
2-37(1)
Issue Identification Questions
2-38(1)
Problems
2-38(1)
Comprehensive Problems
2-43(1)
Tax Strategy Problems
2-44(1)
Case Study Problems
2-44(1)
Tax Research Problems
2-45(1)
Chapter 3 The Corporate Income Tax 3-1(1)
Corporate Elections
3-2(1)
Choosing a Calendar or Fiscal Year
3-2(1)
Accounting Methods
3-4(1)
Determining a Corporation's Taxable Income
3-5(1)
Sales and Exchanges of Property
3-6(1)
Business Expenses
3-8(1)
Special Deductions
3-14(1)
Exceptions for Closely Held Corporations
3-21(1)
Computing a Corporation's Income Tax Liability
3-22(1)
General Rules
3-23(1)
Personal Service Corporations
3-24(1)
Controlled Groups of Corporations
3-24(1)
Why Special Rules Are Needed
3-24(1)
What Is a Controlled Group?
3-25(1)
Application of the Controlled Group Test
3-28(1)
Special Rules Applying to Controlled Groups
3-29(1)
Consolidated Tax Returns
3-29(1)
Tax Planning Considerations
3-31(1)
Compensation Planning for Shareholder-Employees
3-31(1)
Special Election to Allocate Reduced Tax Rate Benefits
3-32(1)
Using NOL Carryovers and Carrybacks
3-34(1)
Compliance and Procedural Considerations
3-35(1)
Estimated Taxes
3-35(1)
Requirements for Filing and Paying Taxes
3-38(1)
When the Return Must Be Filed
3-38(1)
Tax Return Schedules
3-39(1)
Financial Statement Implications
3-43(1)
Scope, Objectives, and Principles of ASC 740
3-44(1)
Temporary Differences
3-44(1)
Deferred Tax Assets and the Valuation Allowance
3-44(1)
Accounting for Uncertain Tax Positions
3-45(1)
Balance Sheet Classification
3-46(1)
Tax Provision Process
3-47(1)
Comprehensive Example - Year 1
3-47(1)
Comprehensive Example - Year 2
3-50(1)
Other Transactions
3-54(1)
Problem Materials
3-54(1)
Discussion Questions
3-54(1)
Issue Identification Questions
3-55(1)
Problems
3-56(1)
Comprehensive Problem
3-64(1)
Tax Strategy Problem
3-65(1)
Tax Form/Return Preparation Problems
3-65(1)
Case Study Problems
3-70(1)
Tax Research Problems
3-71(1)
Chapter 4 Corporate Nonliquidating Distributions 4-1(1)
Nonliquidating Distributions in General
4-2(1)
Earnings and Profits (E&P)
4-3(1)
Current Earnings and Profits
4-3(1)
Distinction Between Current and Accumulated E&P
4-6(1)
Nonliquidating Property Distributions
4-8(1)
Consequences of Nonliquidating Property Distributions to the Shareholders
4-8(1)
Consequences of Property Distributions to the Distributing Corporation
4-9(1)
Constructive Dividends
4-11(1)
Stock Dividends and Stock Rights
4-13(1)
Nontaxable Stock Dividends
4-14(1)
Nontaxable Stock Rights
4-14(1)
Effect of Nontaxable Stock Dividends on the Distributing Corporation
4-15(1)
Taxable Stock Dividends and Stock Rights
4-15(1)
Stock Redemptions
4-16(1)
Tax Consequences of the Redemption to the Shareholder
4-17(1)
Attribution Rules
4-18(1)
Substantially Disproportionate Redemptions
4-20(1)
Complete Termination of the Shareholder's Interest
4-21(1)
Redemptions Not Essentially Equivalent to a Dividend
4-23(1)
Partial Liquidations
4-23(1)
Redemptions to Pay Death Taxes
4-25(1)
Effect of Redemptions on the Distributing Corporation
4-26(1)
Preferred Stock Bailouts
4-27(1)
Sec. 306 Stock Defined
4-28(1)
Dispositions of Sec. 306 Stock
4-28(1)
Redemptions of Sec. 306 Stock
4-29(1)
Exceptions to Sec. 306 Treatment
4-30(1)
Stock Redemptions by Related Corporations
4-30(1)
Brother-Sister Corporations
4-30(1)
Parent-Subsidiary Corporations
4-32(1)
Tax Planning Considerations
4-33(1)
Avoiding Unreasonable Compensation
4-33(1)
Bootstrap Acquisitions
4-34(1)
Timing of Distributions
4-35(1)
Compliance and Procedural Considerations
4-36(1)
Corporate Reporting of Nondividend Distributions
4-36(1)
Agreement to Terminate Interest Under Sec. 302(b)(3)
4-36(1)
Problem Materials
4-37(1)
Discussion Questions
4-37(1)
Issue Identification Questions
4-38(1)
Problems
4-39(1)
Comprehensive Problem
4-45(1)
Tax Strategy Problem
4-46(1)
Case Study Problems
4-46(1)
Tax Research Problems
4-47(1)
Chapter 5 Other Corporate Tax Levies 5-1(1)
The Alternative Minimum Tax
5-2(1)
The General Formula
5-2(1)
Exemption from the AMT for Small Corporations and First-Year Corporations
5-3(1)
Tax Preference Items
5-5(1)
AMT Adjustment Items
5-5(1)
Adjusted Current Earnings (ACE) Adjustment
5-9(1)
Minimum Tax Credit
5-12(1)
Tax Credits and the AMT
5-13(1)
Personal Holding Company Tax
5-14(1)
Personal Holding Company Defined
5-15(1)
Stock Ownership Requirement
5-15(1)
Passive Income Requirement
5-15(1)
Calculating the PHC Tax
5-19(1)
Avoiding the PHC Designation and Tax Liability by Making Dividend Distributions
5-21(1)
PHC Tax Calculation
5-22(1)
Accumulated Earnings Tax
5-23(1)
Corporations Subject to the Penalty Tax
5-23(1)
Proving a Tax-Avoidance Purpose
5-24(1)
Evidence Concerning the Reasonableness of an Earnings Accumulation
5-25(1)
Calculating the Accumulated Earnings Tax
5-29(1)
Comprehensive Example
5-32(1)
Tax Planning Considerations
5-33(1)
Depreciation Election
5-33(1)
Eliminating the ACE Adjustment
5-34(1)
Multiyear Effects of AMT
5-34(1)
Avoiding the Personal Holding Company Tax
5-35(1)
Avoiding the Accumulated Earnings Tax
5-35(1)
Compliance and Procedural Considerations
5-36(1)
Alternative Minimum Tax
5-36(1)
Personal Holding Company Tax
5-36(1)
Accumulated Earnings Tax
5-36(1)
Financial Statement Implications
5-37(1)
Alternative Minimum Tax
5-37(1)
Problem Materials
5-38(1)
Discussion Questions
5-38(1)
Issue Identification Questions
5-41(1)
Problems
5-41(1)
Comprehensive Problem
5-49(1)
Tax Strategy Problems
5-50(1)
Tax Form/Return Preparation Problem
5-50(1)
Case Study Problems
5-51(1)
Tax Research Problems
5-51(1)
Chapter 6 Corporate Liquidating Distributions 6-1(1)
Overview of Corporate Liquidations
6-2(1)
The Shareholder
6-2(1)
The Corporation
6-3(1)
Definition of a Complete Liquidation
6-3(1)
General Liquidation Rules
6-5(1)
Effects of Liquidating on the Shareholders
6-5(1)
Effects of Liquidating on the Liquidating Corporation
6-6(1)
Liquidation of a Controlled Subsidiary
6-10(1)
Overview
6-10(1)
Requirements
6-11(1)
Effects of Liquidating on the Shareholders
6-12(1)
Effects of Liquidating on the Subsidiary Corporation
6-13(1)
Special Reporting Issues
6-15(1)
Pertaining to Shareholders
6-15(1)
Pertaining to the Liquidating Corporation
6-16(1)
Recognition of Gain or Loss When Property Is Distributed in Retirement of Debt
6-17(1)
General Rule
6-17(1)
Satisfaction of the Subsidiary's Debt Obligations
6-17(1)
Tax Planning Considerations
6-18(1)
Timing the Liquidation Transaction
6-18(1)
Recognition of Ordinary Losses When a Liquidation Occurs
6-19(1)
Obtaining 80% Ownership to Achieve Sec. 332 Benefits
6-19(1)
Avoiding Sec. 332 to Recognize Losses
6-20(1)
Compliance and Procedural Considerations
6-20(1)
General Liquidation Procedures
6-20(326)
Section
332
Liquidations
6-21(1)
Plan of Liquidation
6-21(1)
Problem Materials
6-21(1)
Discussion Questions
6-21(1)
Issue Identification Questions
6-23(1)
Problems
6-24(1)
Comprehensive Problem
6-30(1)
Tax Strategy Problems
6-31(1)
Case Study Problems
6-32(1)
Tax Research Problems
6-33(1)
Chapter 7 Corporate Acquisitions And Reorganizations 7-1(1)
Taxable Acquisition Transactions
7-2(1)
Asset Acquisitions
7-2(1)
Stock Acquisitions
7-4(1)
Comparison of Taxable and Nontaxable Acquisitions
7-10(1)
Taxable and Nontaxable Asset Acquisitions
7-10(1)
Comparison of Taxable and Nontaxable Stock Acquisitions
7-11(1)
Types of Reorganizations and Their Tax Consequences
7-14(1)
The Target or Transferor Corporation
7-14(1)
The Acquiring or Transferee Corporation
7-15(1)
Shareholders and Security Holders
7-16(1)
Acquisitive Reorganizations
7-19(1)
Type A Reorganization
7-19(1)
Type C Reorganization
7-25(1)
Type D Reorganization
7-28(1)
Type B Reorganization
7-29(1)
Type G Reorganization
7-33(1)
Divisive Reorganizations
7-33(1)
Divisive Type D Reorganization
7-33(1)
Divisive Type G Reorganization
7-38(1)
Other Reorganizations
7-38(1)
Type E Reorganization
7-38(1)
Type F Reorganization
7-40(1)
Judicial Restrictions on the Use of Corporate Reorganizations
7-40(1)
Continuity of Interest
7-41(1)
Continuity of Business Enterprise
7-41(1)
Business Purpose Requirement
7-42(1)
Step Transaction Doctrine
7-42(1)
Tax Attributes
7-43(1)
Assumption of Tax Attributes
7-43(1)
Limitation on Use of Tax Attributes
7-43(1)
Tax Planning Considerations
7-46(1)
Why Use a Reorganization Instead of a Taxable Transaction?
7-46(1)
Avoiding the Reorganization Provisions
7-47(1)
Compliance and Procedural Considerations
7-47(1)
Section
338
Election
7-47(1)
Plan of Reorganization
7-47(1)
Party to a Reorganization
7-48(1)
Ruling Requests
7-48(1)
Financial Statement Implications
7-48(1)
Taxable Asset Acquisition
7-48(1)
Nontaxable Asset Acquisition
7-49(1)
Stock Acquisition
7-50(1)
Pricing the Acquisition
7-50(1)
Net Operating Losses
7-51(1)
Problem Materials
7-51(1)
Discussion Questions
7-51(1)
Issue Identification Questions
7-52(1)
Problems
7-53(1)
Comprehensive Problem
7-61(1)
Tax Strategy Problems
7-62(1)
Case Study Problems
7-63(1)
Tax Research Problems
7-63(1)
Chapter 8 Consolidated Tax Returns 8-1(1)
Definition of an Affiliated Group
8-2(1)
Requirements
8-2(1)
Comparison with Controlled Group Definitions
8-4(1)
Consolidated Tax Return Election
8-4(1)
Consolidated Return Regulations
8-4(1)
Termination of Consolidated Tax Return Filing
8-5(1)
Consolidated Taxable Income
8-6(1)
Accounting Periods and Methods
8-6(1)
Income Included in the Consolidated Tax Return
8-6(1)
Calculation of Consolidated Taxable Income and Tax
8-8(1)
Intercompany Transactions
8-8(1)
Basic Concepts
8-8(1)
Matching and Acceleration Rules
8-10(1)
Applications of Matching and Acceleration Rules
8-12(1)
Relevance of Matching and Acceleration Rules
8-18(1)
Items Computed on a Consolidated Basis
8-18(1)
Charitable Contribution Deduction
8-19(1)
Net Sec. 1231 Gain or Loss
8-19(1)
Capital Gains and Losses
8-19(1)
Dividends-Received Deduction
8-20(1)
U.S. Production Activities Deduction
8-22(1)
Regular Tax Liability
8-24(1)
Corporate Alternative Minimum Tax
8-24(1)
Tax Credits
8-25(1)
Estimated Tax Payments
8-26(1)
Net Operating Losses (NOLs)
8-27(1)
Current Year NOL
8-27(1)
Carrybacks and Carryovers of Consolidated NOLs
8-28(1)
Special Loss Limitations
8-30(1)
Stock Basis Adjustments
8-34(1)
Tiering Up of Stock Basis Adjustments
8-35(1)
Excess Loss Account
8-36(1)
Tax Planning Considerations
8-36(1)
Advantages of Filing a Consolidated Tax Return
8-36(1)
Disadvantages of Filing a Consolidated Tax Return
8-37(1)
Compliance and Procedural Considerations
8-37(1)
The Basic Election and Return
8-37(1)
Parent Corporation as Agent for the Consolidated Group
8-38(1)
Separate Entity Treatment of Intercompany Transactions
8-39(1)
Liability for Taxes Due
8-39(1)
Financial Statement Implications
8-39(1)
Intercompany Transactions
8-39(1)
SRLY Losses
8-41(1)
Problem Materials
8-42(1)
Discussion Questions
8-42(1)
Issue Identification Questions
8-43(1)
Problems
8-44(1)
Comprehensive Problems
8-52(1)
Tax Strategy Problem
8-53(1)
Tax Form/Return Preparation Problem
8-53(1)
Case Study Problem
8-54(1)
Tax Research Problems
8-55(1)
Chapter 9 Partnership Formation And Operation 9-1(1)
Definition of a Partnership
9-2(1)
General and Limited Partnerships
9-2(1)
Overview of Taxation of Partnership Income
9-4(1)
Partnership Profits and Losses
9-4(1)
The Partner's Basis
9-4(1)
Partnership Distributions
9-5(1)
Tax Implications of Formation of a Partnership
9-5(1)
Contribution of Property
9-6(1)
Contribution of Services
9-10(1)
Organizational and Syndication Expenditures
9-12(1)
Partnership Elections
9-12(1)
Partnership Tax Year
9-12(1)
Other Partnership Elections
9-15(1)
Partnership Reporting of Income
9-16(1)
Partnership Taxable Income
9-16(1)
Separately Stated Items
9-16(1)
Partnership Ordinary Income
9-17(1)
U.S. Production Activities Deduction
9-17(1)
Partner Reporting of Income
9-18(1)
Partner's Distributive Share
9-18(1)
Special Allocations
9-19(1)
Basis for Partnership Interest
9-21(1)
Beginning Basis
9-21(1)
Effects of Liabilities
9-21(1)
Effects of Operations
9-24(1)
Special Loss Limitations
9-26(1)
At-Risk Loss Limitation
9-26(1)
Passive Activity Limitations
9-26(1)
Transactions Between a Partner and the Partnership
9-27(1)
Sales of Property
9-27(1)
Guaranteed Payments
9-28(1)
Family Partnerships
9-30(1)
Capital Ownership
9-30(1)
Donor-Donee Allocations of Income
9-30(1)
Tax Planning Considerations
9-31(1)
Timing of Loss Recognition
9-31(1)
Compliance and Procedural Considerations
9-32(1)
Reporting to the IRS and the Partners
9-32(1)
IRS Audit Procedures
9-33(1)
Problem Materials
9-34(1)
Discussion Questions
9-34(1)
Issue Identification Questions
9-35(1)
Problems
9-36(1)
Comprehensive Problems
9-44(1)
Tax Strategy Problem
9-45(1)
Tax Form/Return Preparation Problems
9-46(1)
Case Study Problems
9-50(1)
Tax Research Problems
9-51(1)
Chapter 10 Special Partnership Issues 10-1(1)
Nonliquidating Distributions
10-2(1)
Recognition of Gain
10-2(1)
Basis Effects of Distributions
10-4(1)
Holding Period and Character of Distributed Property
10-7(1)
Nonliquidating Distributions with Sec. 751
10-7(1)
Section 751 Assets Defined
10-7(1)
Exchange of Sec. 751 Assets and Other Property
10-9(1)
Liquidating or Selling a Partnership Interest
10-11(1)
Liquidating Distributions
10-12(1)
Sale of a Partnership Interest
10-16(1)
Other Partnership Termination Issues
10-19(1)
Retirement or Death of a Partner
10-19(1)
Exchange of a Partnership Interest
10-20(1)
Income Recognition and Transfers of a Partnership Interest
10-22(1)
Termination of a Partnership
10-22(1)
Mergers and Consolidations
10-25(1)
Division of a Partnership
10-25(1)
Optional and Mandatory Basis Adjustments
10-26(1)
Adjustments on Transfers
10-26(1)
Adjustments on Distributions
10-28(1)
Special Forms of Partnerships
10-29(1)
Tax Shelters and Limited Partnerships
10-29(1)
Publicly Traded Partnerships
10-29(1)
Limited Liability Companies
10-30(1)
Limited Liability Partnerships
10-31(1)
Limited Liability Limited Partnership
10-31(1)
Electing Large Partnerships
10-32(1)
Tax Planning Considerations
10-35(1)
Liquidating Distribution or Sale to Partners
10-35(1)
Problem Materials
10-35(1)
Discussion Questions
10-35(1)
Issue Identification Questions
10-36(1)
Problems
10-37(1)
Comprehensive Problems
10-47(1)
Tax Strategy Problem
10-48(1)
Case Study Problem
10-49(1)
Tax Research Problems
10-50(1)
Chapter 11 Corporations 11-1(1)
Should an S Election Be Made?
11-3(1)
Advantages of S Corporation Treatment
11-3(1)
Disadvantages of S Corporation Treatment
11-3(1)
S Corporation Requirements
11-4(1)
Shareholder-Related Requirements
11-4(1)
Corporation-Related Requirements
11-5(1)
Election of S Corporation Status
11-7(1)
Making the Election
11-8(1)
Termination of the Election
11-9(1)
S Corporation Operations
11-13(1)
Taxable Year
11-13(1)
Accounting Method Elections
11-14(1)
Ordinary Income or Loss and Separately Stated Items
11-14(1)
U.S. Production Activities Deduction
11-16(1)
Special S Corporation Taxes
11-16(1)
Taxation of the Shareholder
11-19(1)
Income Allocation Procedures
11-19(1)
Loss and Deduction Pass-Through to Shareholders
11-20(1)
Family S Corporations
11-24(1)
Basis Adjustments
11-24(1)
Basis Adjustments to S Corporation Stock
11-24(1)
Basis Adjustments to Shareholder Debt
11-25(1)
S Corporation Distributions
11-27(1)
Corporations Having No Earnings and Profits
11-27(1)
Corporations Having Accumulated Earnings and Profits
11-28(1)
Other Rules
11-32(1)
Tax Preference Items and Other AMT Adjustments
11-33(1)
Transactions Involving Shareholders and Other Related Parties
11-33(1)
Fringe Benefits Paid to a Shareholder-Employee
11-33(1)
Tax Planning Considerations
11-34(1)
Election to Allocate Income Based on the S Corporation's Accounting Methods
11-34(1)
Increasing the Benefits from S Corporation Losses
11-35(1)
Passive Income Requirements
11-36(1)
Compliance and Procedural Considerations
11-37(1)
Making the Election
11-37(1)
Filing the Corporate Tax Return
11-37(1)
Estimated Tax Payments
11-38(1)
Consistency Rules
11-39(1)
Sample S Corporation Tax Return
11-39(1)
Problem Materials
11-40(1)
Discussion Questions
11-40(1)
Issue Identification Questions
11-41(1)
Problems
11-41(1)
Comprehensive Problems
11-47(1)
Tax Strategy Problems
11-49(1)
Tax Form/Return Preparation Problems
11-50(1)
Case Study Problem
11-52(1)
Tax Research Problems
11-53(1)
Chapter 12 The Gift Tax 12-1(1)
The Unified Transfer Tax System
12-2(1)
History and Purpose of Transfer Taxes
12-2(1)
Unified Rate Schedule
12-3(1)
Impact of Taxable Gifts on Death Tax Base
12-3(1)
Unified Credit
12-3(1)
Gift Tax Formula
12-4(1)
Determination of Gifts
12-4(1)
Exclusions and Deductions
12-4(1)
Gift-Splitting Election
12-4(1)
Cumulative Nature of Gift Tax
12-6(1)
Unified Credit
12-6(1)
Transfers Subject to the Gift Tax
12-7(1)
Transfers for Inadequate Consideration
12-7(1)
Statutory Exemptions from the Gift Tax
12-8(1)
Cessation of Donor's Dominion and Control
12-10(1)
Valuation of Gifts
12-11(1)
Gift Tax Consequences of Certain Transfers
12-13(1)
Exclusions
12-16(1)
Amount of the Exclusion
12-16(1)
Present Interest Requirement
12-16(1)
Gift Tax Deductions
12-18(1)
Marital Deduction
12-19(1)
Charitable Contribution Deduction
12-21(1)
The Gift-Splitting Election
12-22(1)
Computation of the Gift Tax Liability
12-23(1)
Effect of Previous Taxable Gifts
12-23(1)
Unified Credit Available
12-24(1)
Comprehensive Illustration
12-25(1)
Basis Considerations for a Lifetime Giving Plan
12-26(1)
Property Received by Gift
12-26(1)
Property Received at Death
12-27(1)
Below-Market Loans: Gift and Income Tax Consequences
12-28(1)
General Rules
12-28(1)
De Minimis Rules
12-28(1)
Tax Planning Considerations
12-29(1)
Tax-Saving Features of Inter Vivos Gifts
12-29(1)
Negative Aspects of Gifts
12-30(1)
Compliance and Procedural Considerations
12-30(1)
Filing Requirements
12-30(1)
Due Date
12-31(1)
Gift-Splitting Election
12-31(1)
Liability for Tax
12-31(1)
Determination of Value
12-32(1)
Statute of Limitations
12-32(1)
Problem Materials
12-33(1)
Discussion Questions
12-33(1)
Issue Identification Questions
12-34(1)
Problems
12-34(1)
Comprehensive Problem
12-37(1)
Tax Strategy Problems
12-38(1)
Tax Form/Return Preparation Problems
12-38(1)
Case Study Problems
12-39(1)
Tax Research Problems
12-39(1)
Chapter 13 The Estate Tax 13-1(1)
Estate Tax Formula
13-2(1)
Gross Estate
13-2(1)
Deductions
13-3(1)
Adjusted Taxable Gifts and Tax Base
13-4(1)
Tentative Tax on Estate Tax Base
13-4(1)
Reduction for Post-1976 Gift Taxes
13-4(1)
Unified Credit
13-5(1)
The Gross Estate: Valuation
13-6(1)
Date-of-Death Valuation
13-6(1)
Alternate Valuation Date
13-7(1)
The Gross Estate: Inclusions
13-8(1)
Comparison of Gross Estate with Probate Estate
13-9(1)
Property in Which the Decedent Had an Interest
13-9(1)
Dower or Curtesy Rights
13-10(1)
Transferor Provisions
13-10(1)
Annuities and Other Retirement Benefits
13-13(1)
Jointly Owned Property
13-14(1)
General Powers of Appointment
13-15(1)
Life Insurance
13-16(1)
Consideration Offset
13-17(1)
Recipient Spouse's Interest in QTIP Trust
13-17(1)
Deductions
13-18(1)
Debts and Funeral and Administration Expenses
13-18(1)
Losses
13-19(1)
Charitable Contribution Deduction
13-19(1)
Marital Deduction
13-20(1)
Computation of Tax Liability
13-23(1)
Taxable Estate and Tax Base
13-23(1)
Tentative Tax and Reduction for Post-1976 Gift Taxes
13-23(1)
Unified Credit
13-23(1)
Portability Between Spouses of Exemption Amount
13-24(1)
Other Credits
13-24(1)
Comprehensive Illustration
13-25(1)
Liquidity Concerns
13-28(1)
Deferral of Payment of Estate Taxes
13-28(1)
Stock Redemptions to Pay Death Taxes
13-29(1)
Special Use Valuation of Farm Real Property
13-29(1)
Generation-Skipping Transfer Tax
13-30(1)
Tax Planning Considerations
13-31(1)
Use of Inter Vivos Gifts
13-32(1)
Use of Exemption Equivalent
13-32(1)
What Size Marital Deduction Is Best?
13-33(1)
Use of Disclaimers
13-33(1)
Role of Life Insurance
13-33(1)
Qualifying the Estate for Installment Payments
13-34(1)
Where to Deduct Administration Expenses
13-34(1)
Compliance and Procedural Considerations
13-35(1)
Filing Requirements
13-35(1)
Due Date
13-35(1)
Valuation
13-35(1)
Election of Alternate Valuation Date
13-35(1)
Problem Materials
13-36(1)
Discussion Questions
13-36(1)
Issue Identification Questions
13-37(1)
Problems
13-37(1)
Comprehensive Problems
13-41(1)
Tax Strategy Problems
13-42(1)
Tax Form/Return Preparation Problems
13-43(1)
Case Study Problems
13-44(1)
Tax Research Problems
13-45(1)
Chapter 14 Income Taxation Of Trusts And Estates 14-1(1)
Basic Concepts
14-2(1)
Inception of Trusts
14-2(1)
Inception of Estates
14-2(1)
Reasons for Creating Trusts
14-3(1)
Basic Principles of Fiduciary Taxation
14-3(1)
Principles of Fiduciary Accounting
14-4(1)
The Importance of Identifying Income and Principal
14-4(1)
Principal and Income: The Uniform Act
14-5(1)
Categorization of Depreciation
14-6(1)
Formula for Taxable Income and Tax Liability
14-7(1)
Gross Income
14-7(1)
Deductions for Expenses
14-7(1)
Distribution Deduction
14-9(1)
Personal Exemption
14-9(1)
Credits
14-10(1)
U.S. Production Activities Deduction
14-10(1)
Distributable Net Income
14-10(1)
Significance of DNI
14-11(1)
Definition of DNI
14-11(1)
Manner of Computing DNI
14-11(1)
Determining a Simple Trust's Taxable Income
14-13(1)
Allocation of Expenses to Tax-Exempt Income
14-14(1)
Determination of DNI and the Distribution Deduction
14-15(1)
Tax Treatment for Beneficiary
14-15(1)
Shortcut Approach to Proving Correctness of Taxable Income
14-16(1)
Effect of a Net Operating Loss
14-16(1)
Effect of a Net Capital Loss
14-16(1)
Comprehensive Illustration: Determining a Simple Trust's Taxable Income
14-17(1)
Determining Taxable Income for Complex Trusts and Estates
14-19(1)
Determination of DNI and the Distribution Deduction
14-20(1)
Tax Treatment for Beneficiary
14-21(1)
Effect of a Net Operating Loss
14-24(1)
Effect of a Net Capital Loss
14-24(1)
Comprehensive Illustration: Determining a Complex Trust's Taxable Income
14-24(1)
Income in Respect of a Decedent
14-27(1)
Definition and Common Examples
14-27(1)
Significance of IRD
14-28(1)
Grantor Trust Provisions
14-30(1)
Purpose and Effect
14-30(1)
Revocable Trusts
14-31(1)
Post-1986 Reversionary Interest Trusts
14-31(1)
Retention of Administrative Powers
14-31(1)
Retention of Economic Benefits
14-31(1)
Control of Others' Enjoyment
14-32(1)
Tax Planning Considerations
14-33(1)
Ability to Shift Income
14-33(1)
Timing of Distributions
14-33(1)
Property Distributions
14-34(1)
Choice of Year-End for Estates
14-34(1)
Deduction of Administration Expenses
14-34(1)
Compliance and Procedural Considerations
14-35(1)
Filing Requirements
14-35(1)
Due Date for Return and Tax
14-35(1)
Documents to Be Furnished to IRS
14-35(1)
Sample Simple and Complex Trust Returns
14-35(1)
Problem Materials
14-36(1)
Discussion Questions
14-36(1)
Issue Identification Questions
14-37(1)
Problems
14-37(1)
Comprehensive Problem
14-40(1)
Tax Strategy Problems
14-40(1)
Tax Form/Return Preparation Problems
14-41(1)
Case Study Problems
14-42(1)
Tax Research Problems
14-43(1)
Chapter 15 Administrative Procedures 15-1(1)
Role of the Internal Revenue Service
15-2(1)
Enforcement and Collection
15-2(1)
Interpretation of the Statute
15-2(1)
Audits of Tax Returns
15-3(1)
Percentage of Returns Examined
15-3(1)
Selection of Returns for Audit
15-3(1)
Disclosure of Uncertain Tax Positions
15-5(1)
Alternatives for a Taxpayer Whose Return Is Audited
15-5(1)
90-Day Letter
15-7(1)
Litigation
15-7(1)
Requests for Rulings
15-9(1)
Information to Be Included in Taxpayer's Request
15-9(1)
Will the IRS Rule?
15-10(1)
When Rulings Are Desirable
15-10(1)
Due Dates
15-10(1)
Due Dates for Returns
15-10(1)
Extensions
15-11(1)
Due Dates for Payment of the Tax
15-11(1)
Interest on Tax Not Timely Paid
15-12(1)
Failure-to-File and Failure-to-Pay Penalties
15-13(1)
Failure to File
15-15(1)
Failure to Pay
15-16(1)
Estimated Taxes
15-17(1)
Payment Requirements
15-17(1)
Penalty for Underpaying Estimated Taxes
15-18(1)
Exceptions to the Penalty
15-19(1)
Other More Severe Penalties
15-20(1)
Negligence
15-20(1)
Substantial Understatement
15-21(1)
Transactions without Economic Substance
15-22(1)
Civil Fraud
15-22(1)
Criminal Fraud
15-23(1)
Statute of Limitations
15-24(1)
General Three-Year Rule
15-24(1)
Six-Year Rule for Substantial Omissions
15-24(1)
When No Return Is Filed
15-26(1)
Other Exceptions to Three-Year Rule
15-26(1)
Refund Claims
15-27(1)
Liability for Tax
15-27(1)
Joint Returns
15-27(1)
Transferee Liability
15-29(1)
Tax Practice Issues
15-29(1)
Statutory Provisions Concerning Tax Return Preparers
15-29(1)
Reportable Transaction Disclosures
15-30(1)
Rules of Circular 230
15-31(1)
Statements on Standards for Tax Services
15-32(1)
Tax Accounting and Tax Law
15-35(1)
Accountant-Client Privilege
15-36(1)
Problem Materials
15-37(1)
Discussion Questions
15-37(1)
Issue Identification Questions
15-38(1)
Problems
15-38(1)
Comprehensive Problem
15-41(1)
Tax Strategy Problem
15-41(1)
Case Study Problem
15-41(1)
Tax Research Problems
15-41(1)
Chapter 16 U.S. - Taxation Of Foreign-Related Transactions 16-1
Jurisdiction to Tax
16-2(1)
Taxation of U.S. Citizens and Resident Aliens
16-3(1)
Foreign Tax Credit
16-3(1)
Foreign-Earned Income Exclusion
16-8(1)
Taxation of Nonresident Aliens
16-14(1)
Definition of Nonresident Alien
16-14(1)
Investment Income
16-15(1)
Trade or Business Income
16-16(1)
Taxation of U.S. Businesses Operating Abroad
16-18(1)
Domestic Subsidiary Corporations
16-18(1)
Foreign Branches
16-18(1)
Foreign Corporations
16-19(1)
Controlled Foreign Corporations
16-23(1)
Inversions
16-31(1)
Tax Planning Considerations
16-32(1)
Deduction Versus Credit for Foreign Taxes
16-32(1)
Election to Accrue Foreign Taxes
16-33(1)
Special Earned Income Elections
16-34(1)
Tax Treaties
16-35(1)
Special Resident Alien Elections
16-35(1)
Compliance and Procedural Considerations
16-36(1)
Foreign Operations of U.S. Corporations
16-36(1)
Reporting the Foreign Tax Credit
16-36(1)
Reporting the Earned Income Exclusion
16-36(1)
Filing Requirements for Aliens and Foreign Corporations
16-37(1)
Financial Statement Implications
16-38(1)
Foreign Tax Credit
16-38(1)
Deferred Foreign Earnings
16-39(1)
Problem Materials
16-42
Discussion Questions
16-42(1)
Issue Identification Questions
16-43(1)
Problems
16-44(1)
Comprehensive Problem
16-48(1)
Tax Strategy Problem
16-49(1)
Tax Form/Return Preparation Problems
16-50(1)
Case Study Problems
16-50(1)
Tax Research Problems
16-51
Appendices
Appendix A Tax Research Working Paper File
A-1
Appendix B Tax Forms
B-1
Appendix C MACRS Tables
C-1
Appendix D Glossary
D-1
Appendix E AICPA Statements on Standards for Tax Services Nos. 1-7
E-1
Appendix F Comparison of Tax Attributes for C Corporations, Partnerships, and S Corporations
F-1
Appendix G Reserved
G-1
Appendix H Actuarial Tables
H-1
Appendix I Index of Code Sections
I-1
Appendix J Index of Treasury Regulations
J-1
Appendix K Index of Government Promulgations
K-1
Appendix L Index of Court Cases
L-1
Appendix M Subject Index
M-1
Timothy J. Rupert is a Professor and the Golemme Administrative Chair at the DAmore-McKim School of Business at Northeastern University. He received his BS in accounting and his master of taxation from the University of Akron. He also earned his PhD from Penn State University. Professor Ruperts research has been published in such journals as The Accounting Review, The Journal of the American Taxation Association, Behavioral Research in Accounting, Advances in Taxation, Applied Cognitive Psychology, Advances in Accounting Education, and Journal of Accounting Education.

 

He currently is the co-editor of Advances in Accounting Education. In 2010, he received the Outstanding Educator Award from the Massachusetts Society of CPAs. He also has received the Universitys Excellence in Teaching Award and the DAmore-McKim Schools Best Teacher of the Year award multiple times. He is active in the American Accounting Association and the American Taxation Association (ATA) and has served as president, vice president, and secretary of the ATA.

 

Thomas R. Pope is the Ernst & Young Professor of Accounting at the University of Kentucky. He received a BS from the University of Louisville and an MS and DBA in business administration from the University of Kentucky. He teaches international taxation, partnership and S corporation taxation, tax research and policy, and introductory taxation and has won outstanding teaching awards at the University, College, and School of Accountancy levels. He has published articles in The Accounting Review, the Tax Adviser, Taxes, Tax Notes, and a number of other journals. Professor Popes extensive professional experience includes eight years with Big Four accounting firms. Five of those years were with Ernst & Whinney (now part of Ernst & Young), including two years with their National Tax Department in Washington, DC. He subsequently held the position of Senior Manager in charge of the Tax Department in Lexington, Kentucky. Professor Pope also has been a leader and speaker at professional tax conferences all over the United States and is active as a tax consultant.

 

Kenneth E. Anderson is the Pugh CPAs Professor of Accounting at the University of Tennessee. He earned a BBA from the University of WisconsinMilwaukee and subsequently attained the level of tax manager with Arthur Young (now part of Ernst & Young). He then earned a PhD from Indiana University. He teaches corporate taxation, partnership taxation, and tax strategy. Professor Anderson also is the Director of the Master of Accountancy Program. He has published articles in The Accounting Review, The Journal of the American Taxation Association, Advances in Taxation, the Journal of Accountancy, the Journal of Financial Service Professionals, and a number of other journals.