Wolters Kluwer

Federal Taxation of Business Organizations and Their Owners

Book - Softcover
Published: 08/04/2013


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ISBN: 9780808033677
Offer Number: 0-5984-504
Pages: 800
Binding: Perfect bound/heavy paper cover
Volumes: One (1) volume...
Size: 8-1/2" x 11"
Update Frequency: Not updated
Material ID: 10030205-0001

This textbook, Federal Taxation of Business Organizations and Their Owners, is designed for students of accounting and tax who have had at least one or two basic courses in taxation, regardless of whether they intend to pursue a career in that field. Since the coverage of the text is very broad, parts of the book may be employed in either a one-semester or a two-semester class. The book includes an analytical and in-depth survey of: Federal Tax Status of Business Organizations, Formation of the Corporation, C Corporations Operations, C Corporations Distributions, S Corporations Operations and Distributions, Changing C or S Corporation Tax Status, Acquisition of the Corporation or its Assets, Partnerships, U.S. Taxation of International Transactions.

This is not a basic primer on how to calculate tax and fill out forms, although some of that information is covered. Study includes analytical problems and judgment calls that are characteristic of tax advisers. The book stays close to the sources of tax, namely statutes, regulations, ruling and cases (judicial decisions). In addition, the text is well footnoted, in part to give students the ability to refer to the source for statements in the text and in part to accustom students who will work in the field to stay close to their primary source material.

This book contains numerous examples, in both text and table form. It also includes sample filled-in tax forms related to a hypothetical business. It challenges students with Discussion Questions and end of the chapter Case Studies that present the students with real life situations and require them to analyze various outcomes under the tax regimes that are relevant to different business entities.