Principles of Taxation for Business and Investment Planning

by Sally Jones, Shelley Rhoades-Catanach, Sandra Callaghan

Overview

This text is appropriate for a one-semester introductory tax course at either the undergraduate or graduate level in which the instructor emphasizes business planning and decision-making. The content of the text is highly compatible with the AICPA Model Tax Curriculum and is ideal for preparing students to take the revised computer-based CPA exam.

Jones takes a different approach to the study of taxation than the traditional tax return preparation approach. This book teaches students to recognize the role taxes play in business and investment decisions. In addition, the book presents the general role of taxation and its implications across all taxpaying entities before discussing the details relevant to specific entities. This approach allows students to really grasp the fundamental concepts that are the foundation for specific tax rules. The benefit is that the students will understand the framework of the tax system, even though specific tax rules and regulations change from year to year.

Product Details

ISBN-13:	9781259917097
Publisher:	McGraw-Hill Companies, The
Publication date:	07/28/2018
Edition description:	Older Edition
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

About the Author

Sally Jones received her Ph.D. at the University of Houston. She taught at the University of Texas at Austin for 14 years before going to Virginia in 1992. She is currently the department chair of Accounting at Virginia.

Table of Contents

Part 1 Exploring the Tax Environment
Ch. 1 Types of Taxes and the Jurisdictions That Use Them
Ch. 2 Tax Policy Issues: Standards for a Good Tax
Part 2
Fundamentals of Tax Planning
Ch. 3 Taxes as Transaction Costs
Ch. 4 The Basic Maxims of Income Tax Planning
Part 3 The Measurement of Taxable Income
Ch. 5 Taxable Income From Business Operations
Ch. 6 Property Acquisitions and Cost Recovery Deductions
Ch. 7 Property Dispositions
Ch. 8 Nontaxable Exchanges
Part 4 The Taxation of Business Income
Ch. 9 Sole Proprietorships, Partnerships, LLCs, and S Corporations
Ch. 10 The Corporate Taxpayer
Ch. 11 The Choice of Business Entity
Ch. 12 Jurisdictional Issues in Business Taxation
Part 5 The Individual Taxpayer
Ch. 13 The Individual Tax Formula
Ch. 14 Compensation and Retirement Planning
Ch. 15 Investment and Personal Financial Planning
Ch. 16 Tax Consequences of Personal Activities
Part 6 The Tax Compliance Process
Ch. 17 The Tax Compliance Process
Appendix A. Present Value of $1
Appendix B. Present Value of Annuity of $1
Appendix C. Introduction to Tax Research