Fundamentals of taxation 2010
This book is designed to not only expose beginning tax students to tax law, but to also teach the practical intricacies involved in preparation of a tax return. Emphasizing a hands-on approach to tax education, every concept introduced in the text includes meaningful exercises that allow students to...
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| Format: | Book |
| Language: | English |
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New York :
McGraw-Hill ,
c2010
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Table of Contents:
- 1. Introduction to taxation the income tax formula, and form 1040EZ
- 2. Expanded tax formula, forms 1040A and 1040 basic concepts
- 3. Gross income: inclusions and exclusions
- 4. Adjustment for adjusted gross income
- 5. Itemized deductions
- 6. Self-employed business income (line 12 of form 1040 and schedule C)
- 7. Capital gains and other sales of property (schedule D and form 4797)
- 8. Rental property, royalties, and income from flow-through entities )line 17, from 1040 and schedule E)
- 9. Tax credits (from 1040, lines 47 through 53 and lines 63 through 67)
- 10. Payroll taxes
- 11. Retirement and other tax-deferred plans and annuities
- 12. Special property transactions
- 13. At-risk/passive activity loss rules and the individual alternative minimum
- 14. partnership tazation
- 15. Corporate taxation