The basic approach to teaching taxation hasn't changed in decades. Today's student deserves a new approach. McGraw-Hill's Taxation of Individuals and Business Entities continues to be a bold and innovative new textbook that has generated enthusiasm across the country. With over 120 adoptionsin the first edition alone, McGraw-Hill's Taxation Series is designed to provide a unique, innovative, and engaging learning experience for students studying taxation. The breadth of the topical coverage, the storyline approach to presenting the material, the emphasis on the tax and nontax consequences of multiple parties involved in transactions, and the integration of financial and tax accounting topics make this book ideal for the modern tax curriculum.
Part I: Business and Investment-Related Transactions1. Business Income, Deductions, and Accounting Methods2. Property Acquisition and Cost Recovery3. Property DispositionsPart II: Entity Overview and Taxation of C Corporations4. Entities Overview5. Corporate Operations6. FAS 109: Accounting for Income Taxes7. Corporate Taxation: Nonliquidating Distributions8. Corporate Taxation: Formation, Reorganization, and LiquidationPart III: Taxation of Flow-Through Entities9. Forming and Operating Partnerships10. Dispositions of Partnership Interests and Partnership Distributions 11. S CorporationsPart IV: Multijurisdictional Taxation and Transfer Taxes 12. State and Local Taxes 13. The U.S. Taxation of Multinational Transactions14. Transfer Taxes and Wealth PlanningAppendix A: Tax Forms Appendix B: Tax Terms GlossaryAppendix C: Comprehensive Tax Return ProblemsAppendix D: Code Indices