LOOSE-LEAF TAXATION OF INDIVIDUALS 2012 EDITION
© 2012McGraw-Hill's Taxation Series continues 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.
With over 250 schools adopting the 2nd edition, McGraw-Hill's Taxation of Individuals and Business Entities resonates with instructors who were in need of a bold and innovative approach to teaching tax. 280 professors have contributed 250 book reviews, in addition to 17 focus groups and symposia. These instructors were impressed on the book's organization, pedagogy, and unique features that are a testament to the grassroots nature of this book's development.
Part I: Intro to Taxation
1. An Introduction to Tax
2. Tax Compliance, the IRS, and Tax Authorities
3. Tax Planning Strategies and Related Limitations
Part II: Basic Individual Taxation
4. Individual Tax Overview
5. Gross Income and Exclusions
6. Individual Deductions
7. Individual Income Tax Computation and Tax Credits
Part III: Business and Investment?Related Transactions
8. Business Income, Deductions, and Accounting Methods
9. Property Acquisition and Cost Recovery
10. Property Dispositions
11. Investments
Part IV: Specialized Topics
12. Compensation
13. Retirement Savings and Deferred Compensation
14. Tax Consequences of Home Ownership Appendix A: Tax Forms Appendix B: Tax Terms Glossary Appendix C: Comprehensive Tax Return Problems Appendix D: Code Indices Appendix E: Table of Cases Cited
New to this Edition
New Ethics Boxes: New Ethics boxes were added to each chapter. These vignettes present a taxpayer facing an ethical question related to the material covered in the chapter. Students are encouraged to consider the many ethical questions raised by taxation law; these boxes are designed to start a conversation in the classroom about ethics in tax.
Algorithmic Problems: Connect Accounting for Taxation of Individuals and Business Entities now includes algorithmic problems.
To purchase an eBook version of this title, visit www.CourseSmart.com (ISBN 007732840X). With the CourseSmart eTextbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for the print desk copy.
Retained Features
Storyline Approach: Each chapter begins with a storyline that introduces a set of characters or a business entity facing specific tax-related situations. Each chapter's examples are related to the storyline, giving students the opportunities to learn a set of client information and apply that data to a series of situations.
Conversational Writing Style: The authors took special care to write a textbook that fosters a friendly dialogue between the text and each individual student. The tone of the presentation is intentionally conversational " creating the impression of speaking with the student, as opposed to teaching to the student.
Superior Organization of Related Topics: Taxation of Individuals & Business Entities takes a fresh approach to taxation by grouping related topics together in theme chapters, including separate chapters on home ownership, compensation, investments, and retirement savings & deferred compensation.
Real World Focus: Students learn best when they see how concepts are applied in the real world. For that reason, real-world examples and articles are included in "Taxes from the Real World? boxes throughout the book. These vignettes demonstrate current issues in taxation and show the relevance of tax issues in all areas of business.
Better Examples: The examples used throughout the chapter relate directly to the storyline presented at the beginning of each chapter, so students become familiar with one fact set and learn how to apply those facts to different scenarios. In addition to providing in-context examples, we provide "What-If? scenarios within many examples to illustrate how variations in the facts might or might not change the answers.
Wide Variety Of Assignment Material: Research Problems are special problems throughout the end of the chapter's assignment material. These require students to do both basic and more complex research on topics outside of the scope of the book. Each Research Problem includes an icon to differentiate it from regular problems. Planning Problems are another unique set of problems, also located at the end of the chapter's assignment material. These require students to test their tax planning skills after covering the chapter's topics. Each Planning Problem includes an icon to differentiate it from regular problems. Comprehensive and Tax Return Problems address multiple concepts in a single problem. Comprehensive problems are ideal for cumulative topics ; for this reason, they are located at the end of all chapters. In the end of book Appendix C, we include Tax Return Problems that cover multiple chapters.
Focus on Accuracy: Two new accuracy checkers were hired to review all manuscript and solutions (Patrice Johnson, University of Georgia; Cherie Hennig, UNC-Wilmington). These two users of the first edition know the ins and outs of the book, and contributed many valuable comments for the authors.
Author-Written Supplements to Ensure Quality and Consistency: The authors write all of the supplements for Taxation, including the Testbank, Solutions Manual, PowerPoints? and Instructor's Manual. Each supplement has been reviewed by the author team to ensure consistency with the text material and accuracy. With the author's personal involvement in each supplement, you can be assured that Taxation's supplements are the same high quality as the book.
New Ethics Boxes: New Ethics boxes were added to each chapter. These vignettes present a taxpayer facing an ethical question related to the material covered in the chapter. Students are encouraged to consider the many ethical questions raised by taxation law; these boxes are designed to start a conversation in the classroom about ethics in tax.
Algorithmic Problems: Connect Accounting for Taxation of Individuals and Business Entities now includes algorithmic problems.
Relevant content changes have been integrated throughout the text. These notable changes include:
All tax forms have been updated for the latest available tax form as of January 2011.
To purchase an eBook version of this title, visit www.CourseSmart.com (ISBN 007732840X). With the CourseSmart eTextbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for the print desk copy.
Retained Features
Storyline Approach: Each chapter begins with a storyline that introduces a set of characters or a business entity facing specific tax-related situations. Each chapter's examples are related to the storyline, giving students the opportunities to learn a set of client information and apply that data to a series of situations.
Conversational Writing Style: The authors took special care to write a textbook that fosters a friendly dialogue between the text and each individual student. The tone of the presentation is intentionally conversational " creating the impression of speaking with the student, as opposed to teaching to the student.
Superior Organization of Related Topics: Taxation of Individuals & Business Entities takes a fresh approach to taxation by grouping related topics together in theme chapters, including separate chapters on home ownership, compensation, investments, and retirement savings & deferred compensation.
Real World Focus: Students learn best when they see how concepts are applied in the real world. For that reason, real-world examples and articles are included in "Taxes from the Real World? boxes throughout the book. These vignettes demonstrate current issues in taxation and show the relevance of tax issues in all areas of business.
Better Examples: The examples used throughout the chapter relate directly to the storyline presented at the beginning of each chapter, so students become familiar with one fact set and learn how to apply those facts to different scenarios. In addition to providing in-context examples, we provide "What-If? scenarios within many examples to illustrate how variations in the facts might or might not change the answers.
Wide Variety Of Assignment Material: Research Problems are special problems throughout the end of the chapter's assignment material. These require students to do both basic and more complex research on topics outside of the scope of the book. Each Research Problem includes an icon to differentiate it from regular problems. Planning Problems are another unique set of problems, also located at the end of the chapter's assignment material. These require students to test their tax planning skills after covering the chapter's topics. Each Planning Problem includes an icon to differentiate it from regular problems. Comprehensive and Tax Return Problems address multiple concepts in a single problem. Comprehensive problems are ideal for cumulative topics ; for this reason, they are located at the end of all chapters. In the end of book Appendix C, we include Tax Return Problems that cover multiple chapters.
Focus on Accuracy: Two new accuracy checkers were hired to review all manuscript and solutions (Patrice Johnson, University of Georgia; Cherie Hennig, UNC-Wilmington). These two users of the first edition know the ins and outs of the book, and contributed many valuable comments for the authors.
Author-Written Supplements to Ensure Quality and Consistency: The authors write all of the supplements for Taxation, including the Testbank, Solutions Manual, PowerPoints? and Instructor's Manual. Each supplement has been reviewed by the author team to ensure consistency with the text material and accuracy. With the author's personal involvement in each supplement, you can be assured that Taxation's supplements are the same high quality as the book.
What you need, where you need it.
Instructor ResourcesMcGraw-Hill Ryerson provides centralized online access to our supplemental resources. Many of our in-class solutions are supported by superior teaching aids like presentation ready PowerPoint slides, instructor's manuals, test banks, videos, and more. Text book supplements are accessible through the online McGraw-Hill Connect™ platform. Titles currently not supported by Connect are available via text specific Online Learning Centres.
Student Resources
McGraw-Hill Ryerson textbooks go beyond the traditional print format to include a comprehensive digital solution for students. Our key print titles include no charge access to the eBook and corresponding online study program. The eStore provides a full selection of McGraw-Hill textbooks along with information on the specific study program provided with each textbook. In most cases, you will also have the option go digital and save by purchasing an access card for a separate eBook and online study program.
Textbook
• retail price:
• member's price:
• retail price:
$213.95
• member's price:
$192.56
become a member