Introduction

This book is designed to serve as an aide to a student who is taking a basic or advanced course in corporate taxation or in business planning.

Using the proven-effective Examples & Explanations series pedagogy, Federal Income Tax combines textual material with examples and explanations that test and reinforce students' understanding of case, statutory, and regulatory analysis. Students learn how to apply federal income tax law through realistic hypotheticals. The revised Sixth Edition offers new and updated examples & explanations with timely coverage of developing topics such as medical expenses, taxation of same-sex couples, debt discharge income, value-added taxes, and the federal budget. Features: as a valuable problem supplement, it is compatible with most casebooks an integrated treatment of policy questions clear and helpful introductions to each topic the Exam Appendix includes eight law school exams with suggested answers New to the Sixth Edition updates to IRC amendments, including: The patient Protection and Affordable Care Act The American Recovery and Reinvestment Act of 2009 The Emergency Economic Stabilization Act of 2008 current issues and important new cases, such as O'Donnabhain

This edition has been completely revised to reflectdevelopments in the Code, regulations, and case law through October 2013. Thetext focuses on the corporation as a taxable entity and tracks the corporatelife cycle from incorporation through complete liquidation. It includesdiscussion on nonliquidating distributions, redemptions, and stock dividends.It also addresses advanced problems in corporate taxation, such as taxable acquisitions,tax-free reorganizations and corporate divisions, and carryover of corporatetax attributes.

How and when is income taxable? To whom is it taxable? This Nutshell summarizes U.S. federal income tax law, defines income, and identifies the different types of deductions. Explains statutory inclusion and exclusion from gross income, profit-related deductions, mixed deductions, personal deductions, and other allowances. Also inquires into the policy and purposes of, and alternatives to, existing legal rules.

This book provides a concise overview of federal partnership taxation. It covers partnership formation, including contributions of property and admission of service partners, allocation of income and loss, tax accounting, and sharing of recourse and nonrecourse liabilities. Building on this foundation, the book also addresses advanced topics, including transactions between partners and partnerships, sales of partnership interests, distributions of property, optional and mandatory basis adjustments, and planning for retirement or death of a partner. Numerous concrete examples illustrate the tax treatment of specific transactions, allowing students to grasp the principles of partnership taxation in a problem-oriented course. The revised edition reflects developments through September 2012, including codified economic substance doctrine and penalty provisions; choice of business form and classification of series entities; at-risk and passive loss rules as applied to LLCs and LLPs; partnership debt-equity exchanges and proposed "carried interest" legislation; new rules on accounting for partner's varying interests in the partnership; and disguised sale transactions and recent tax-shelter decisions.

A multi-volume set of U.S. tax court volumes.Title varies slightly. Cumulation of the "advance parts" of the reports which are issued monthly as: United States. Tax Court. Reports. Cf. U.S. Superintendent of Documents.United States government publications monthly catalog. December 1943. Continues: United States Board of Tax Appeals. Reports of the United States Board of Tax Appeals Continued by: United States. Tax Court. Reports of the United States Tax Court.

This book explores the historical contexts of seminal U.S. Supreme court federal income tax cases and the role they continue to play in our current tax law. Each of the chapters sets forth the social, factual, and legal background of the case and discusses various court proceedings and judicial opinions.The Foundation Press Law Stories Series brings landmark cases to life by telling the true, never-before-heard stories behind the cases. Editor Paul Caron and the general editors of each edition discuss the immediate impact of cases and document the continuing importance of the cases in shaping the law.

This Understanding treatise supplements any corporate tax casebook, providing a step-by-step explanation of the fundamentals of corporate tax law.

A multi-volume set of U.S. Tax Cases. The number of each volume is indicative of the year and period in which the decisions were reported.