Offer Number: 10030173-0008
The CCH Principles of Business Taxation (2017) course approaches the study of taxation from the perspective of the student who will become a business person faced with decisions that are inevitably affected by tax considerations. This perspective leads to a very different coverage in this textbook -- coverage that is useful for accounting, finance and general business majors. The new edition focuses on the central concepts that build our tax framework and avoids small exceptions. Students studying with this book will confidently master the critical underpinnings of federal taxation and gain a stronger, more solid understanding of federal tax principles.
Many items that pertain specifically to businesses (for example, inventory valuation issues) usually not discussed in a traditional undergraduate tax textbook are covered in this book. Although so many of the exclusions, deductions, and credits apply equally to individual and corporate taxpayers, this book focuses on the business perspective. An advantage to this approach is that most of the students who take only one course in taxation will learn how businesses are taxed and, in turn, will have a better appreciation for how taxes affect business decisions. Another advantage to this approach is that the topics dovetail into other business, finance and accounting course work.
The focus is on concepts and how taxes affect business decisions. This includes various business entities including closely held business, pass-through entities and sole proprietorships.
Principles of Business Taxation is revised annually by a panel of expert tax practitioners and educators. All chapters are reviewed as well as the ancillary materials and new test bank questions are added with each annual edition.
PART I: OVERVIEW OF TAXES AND THE FEDERAL INCOME TAX SYSTEM
PART II: FEDERAL TAXATION OF BUSINESS INCOME AND DEDUCTIONS
PART III: TRANSACTIONS INVOLVING BUSINESS PROPERTY
PART IV: CALCULATING TAX LIABILITY AND TAXES OWED