Solution Manuals For South-Western Federal Taxation 2022: Comprehensive, 45th Edition James C. Young

Description

1. ProConnecct Tax
2. Preface
3. Brief Contents
4. Contents
5. Part 1: Introduction and Basic Tax Model
6. Chapter 1: an Introduction to Taxation and Understanding the Federal Tax Law
7. The Big Picture: Family and Taxes-A Typical Year
8. 1-1: Approaching the Study of Taxation
9. 1-2: A Brief History of U.s. Taxation
10. 1-3: Tax System Design
11. 1-4: Major Types of Taxes
12. 1-5: Tax Administration
13. 1-6: Understanding the Federal Tax Law
14. Chapter 2: Working with the Tax Law
15. The Big Picture: Importance of Tax Research
16. 2-1: Tax Law Sources
17. 2-2: Working with the Tax Law-Tax Research Tools
18. 2-3: Working with the Tax Law-Tax Research
19. 2-4: Working with the Tax Law-Tax Planning
20. 2-5: Taxation on the CPA Examination
21. Chapter 3: Tax Formula and Tax Determination; an Overview of Property Transactions
22. The Big Picture: A Divided Household
23. 3-1: Tax Formula
24. 3-2: Standard Deduction
25. 3-3: Exemptions
26. 3-4: Dependents
27. 3-5: Filing Status and Filing Requirements
28. 3-6: Tax Determination
29. 3-7: Tax Return Filing Procedures
30. 3-8: Gains and Losses from Property Transactions-In General
31. 3-9: Gains and Losses from Property Transactions-Capital Gains and Losses
32. 3-10: Tax Planning
33. Part 2: Gross Income
34. Chapter 4: Gross Income: Concepts and Inclusions
35. The Big Picture: Calculation of Gross Income
36. 4-1: Gross Income
37. 4-2: Timing of Income Recognition
38. 4-3: General Sources of Income and to Whom They Are Taxed
39. 4-4: Special Rules Related to Certain Items Included in Gross Income
40. 4-5: Tax Planning
41. Chapter 5: Gross Income: Exclusions
42. The Big Picture: Exclusions
43. 5-1: Income Exclusions
44. 5-2: Gifts and Inheritances
45. 5-3: Life Insurance Proceeds
46. 5-4: Scholarships
47. 5-5: Compensation for Injuries and Sickness
48. 5-6: Employer-sponsored Accident and Health Plans
49. 5-7: Meals and Lodging
50. 5-8: Employee Fringe Benefits
51. 5-9: Foreign Earned Income
52. 5-10: Interest on Certain State and Local Government Obligations
53. 5-11: Educational Savings Bonds
54. 5-12: Education Savings Programs (§ 529 and § 530 Plans)
55. 5-13: Qualified Able Programs (§ 529a Plans)
56. 5-14: Income from Discharge of Indebtedness
57. 5-15: Tax Benefit Rule
58. 5-16: Tax Planning
59. Part 3: Deductions and Credits
60. Chapter 6: Deductions and Losses: In General
61. The Big Picture: Calculation of Deductible Expenses
62. 6-1: Classification of Deductible Expenses
63. 6-2: Deductions and Losses-Timing of Expense Recognition
64. 6-3: Disallowance Possibilities
65. 6-4: Tax Planning
66. Chapter 7: Deductions and Losses: Certain Business Expenses and Losses
67. The Big Picture: Losses
68. 7-1: Bad Debts
69. 7-2: Worthless Securities and Small Business Stock Losses
70. 7-3: Losses of Individuals
71. 7-4: Research and Experimental Expenditures
72. 7-5: Excess Business Losses
73. 7-6: Net Operating Losses
74. 7-7: Tax Planning
75. Chapter 8: Depreciation, Cost Recovery, Amortization, and Depletion
76. The Big Picture: Calculating Cost Recovery Deductions
77. 8-1: Depreciation and Cost Recovery
78. 8-2: Modified Accelerated Cost Recovery System (Macrs): General Rules
79. 8-3: Modified Accelerated Cost Recovery System (Macrs): Special Rules
80. 8-4: Reporting Procedures
81. 8-5: Amortization
82. 8-6: Depletion
83. 8-7: Tax Planningtax Planning
84. Chapter 9: Deductions: Employee and Self-employed-related Expenses
85. The Big Picture: the First Job
86. 9-1: Employee Versus Independent Contractor
87. 9-2: Self-employed and Employee-Related Expenses-In General
88. 9-3: Transportation Expenses
89. 9-4: Travel Expenses
90. 9-5: Education Expenses
91. 9-6: Other Business Expenses
92. 9-7: Contributions to Retirement Accounts
93. 9-8: Individual Retirement Accounts (iras)
94. 9-9: Retirement Plans for Self-employed Individuals
95. 9-10: Classification of Employee Expenses
96. 9-11: Limitations on Itemized Deductions
97. 9-12: Tax Planning
98. Chapter 10: Deductions and Losses: Certain Itemized Deductions
99. The Big Picture: Impact of Itemized Deductions on Major Purchases
100. 10-1: Medical Expenses
101. 10-2: Taxes
102. 10-3: Interest
103. 10-4: Charitable Contributions
104. 10-5: Timing of Payments to Maximize Deductions
105. 10-6: Other Itemized Deductions
106. 10-7: Comprehensive Example of Schedule a
107. 10-8: Tax Planning
108. Chapter 11: Investor Losses
109. The Big Picture: Investor Loss Limitations Affect the Viability of Certain Investment Opportunities
110. 11-1: The Tax Shelter Problem
111. 11-2: At-Risk Limits
112. 11-3: Passive Activity Loss Limits
113. 11-4: Investment Interest Limitation
114. 11-5: Other Investment Losses
115. 11-6: Tax Planning
116. Chapter 12: Tax Credits and Payments
117. The Big Picture: Education Tax Credits
118. 12-1: Tax Policy Considerations
119. 12-2: Tax Credits
120. 12-3: Specific Busines-Relate D Tax Credits
121. 12-4: Specific Tax Credits for Individuals
122. 12-5: Tax Credits Available to Busineses and Individuals
123. 12-6: Tax Payments
124. 12-7: Tax Planning
125. Part 4: Property Transactions
126. Chapter 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxab
127. The Big Picture:sale or Gift of Inherited House and Other Property Transactions
128. 13-1: Determination of Gain or Loss
129. 13-2: Basis Considerations
130. 13-3: Nontaxable Exchanges
131. 13-4: Like-kind Exchanges-§ 1031
132. 13-5: Involuntary Conversions-§ 1033
133. 13-6: Sale of a Residence-§ 121
134. 13-7: Tax Planning
135. Chapter 14: Property Transactions: Capital Gains and Losses, § 1231, and Recapture Provisions
136. The Big Picture: Managing Capital Asset Transactions
137. 14-1: General Scheme of Taxation
138. 14-2: Capital Assets
139. 14-3: Sale or Exchange
140. 14-4: Holding Period
141. 14-5: Tax Treat Ment of Capital Gains Andloses of Noncor Porate Taxpayers
142. 14-6: Tax Treat Ment of Capital Gains and Loses of Corporate Taxpayers
143. 14-7: Overview of § 1231 and the Reca Pture Provisions
144. 14-8: Section 1231 Assets
145. 14-9: Section 1245 Recapture
146. 14-10: Section 1250 Recapture
147. 14-11: Considerations Common to §§ 1245 and 1250
148. 14-12: Special Recapture Provisions
149. 14-13: Reporting Procedures
150. 14-14: Tax Planning
151. Part 5: Special Tax Computations and Accounting Periods and Methods
152. Chapter 15: the Deduction for Qualified Business Income for Noncorporate Taxpayers
153. The Big Picture Entrepreneurial Pursuits
154. 15-1: Tax Treatment of Various Business Forms
155. 15-2: The Tax Cuts and Jobs Act (tcja) of 2017 and Entity Tax Rates
156. 15-3: The Deduction for Qualified Businessincome
157. 15-4: Tax Planning
158. Chapter 16: Accounting Periods and Methods
159. The Big Picture: Accounting Period and Method
160. 16-1: Accounting Periods
161. 16-2: Accounting Methods
162. 16-3: Special Accounting Methods
163. 16-4: Inventories
164. 16-5: Tax Planning
165. Part 6: Corporations
166. Chapter 17: Corporations: Introduction and Operating Rules
167. The Big Picturea Half-baked Idea?
168. 17-1: An Introduction to the Incometaxation of Corporations
169. 17-2: Determining the Corporate Income Taxliability
170. 17-3: Procedural Matters
171. 17-4: Tax Planning
172. Chapter 18: Corporations: Organization and Capital Structure
173. The Big Picture: the Vehicle for Business Growth Is the Corporate Form
174. 18-1: Organization of and Transfers Tocontrolledcorporations
175. 18-2: Capital Structure of a Corporation
176. 18-3: Investor Losses
177. 18-4: Gain from Qualified Small Business Stock
178. 18-5: Tax Planning
179. Chapter 19: Corporations: Distributions Not in Complete Liquidation
180. The Big Picture Taxing Corporate Distributions
181. 19-1: Corporate Distributions-Overview
182. 19-2: Earnings and Profits (E & P)
183. 19-3: Dividends
184. 19-4: Stock Redemptions
185. 19-5: Stock Redemptions-Effect Onthe Corporation
186. 19-6: Other Corporate Distributions
187. 19-7: Tax Planning
188. Chapter 20: Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations
189. The Big Picture: the Options for Transitioning to Retirement
190. 20-1: Liquidations-In General
191. 20-2: Liquidations-Effect on Thedistributing Corporation
192. 20-3: Liquidations-Effect on the Shareholder
193. 20-4: Liquidations-Parent-subsidiarysituations
194. 20-5: Corporate Reorganizations
195. 20-6: Tax Planning
196. Part 7: Flow-through Entities
197. Chapter 21: Partnerships
198. The Big Picture: Why Use a Partnership, Anyway?
199. 21-1: Overview of Partnership Taxation
200. 21-2: Formation of a Partnership: Tax Effects
201. 21-3: Partnership Operations and Reporting
202. 21-4: Partner Calculations and Reporting
203. 21-5: Other Taxes on Partnership Income
204. 21-6: Distributions from the Partnership
205. 21-7: Sale of a Partnership Interest
206. 21-8: Limited Liability Entities
207. 21-9: Tax Planning
208. Chapter 22: S Corporations
209. The Big Picture: Deductibility of Losses and the Choice of Business Entity
210. 22-1: Choice of Business Entity
211. 22-2: Qualifying for S Corporation Status
212. 22-3: Operational Rules
213. 22-4: Tax Planning
214. 22-5: Overall Comparison of Formsof Doing Business
215. Part 8: Advanced Tax Practice Considerations
216. Chapter 23: Exempt Entities
217. The Big Picture: Joseph Mucira/pixabayeffect of a For-profit Business on a Tax-exempt Entity
218. 23-1: Types of Exempt Organizations
219. 23-2: Characteristics of Exempt Entities
220. 23-3: Taxes on Exempt Entities
221. 23-4: Private Foundations
222. 23-5: Unrelated Business Income Tax
223. 23-6: Reporting Requirements
224. 23-7: Tax Planning
225. Chapter 24: Multistate Corporate Taxation
226. The Big Picture: Making a Multistate Location Decision
227. 24-1: Corporate State Income Taxation
228. 24-2: Apportionment and Allocationof Income
229. 24-3: The Unitary Theory
230. 24-4: Taxation of S Corporations
231. 24-5: Taxation of Partnerships and Llcs
232. 24-6: Other State and Local Taxes
233. 24-7: Tax Planning
234. Chapter 25: Taxation of International Transactions
235. The Big Picture:going International
236. 25-1: Overview of International Taxation
237. 25-2: Tax Treaties
238. 25-3: Sourcing of Income and Deductions
239. 25-4: Foreign Currency Gain/loss
240. 25-5: U.S. Persons with Offshore Income
241. 25-6: U.s. Taxation of Nonresident Aliensand Foreign Corporations
242. 25-7: Reporting Requirements
243. 25-8: Tax Planning
244. Chapter 26: Tax Practice and Ethics
245. The Big Picture: a Tax Adviser’s Dilemma
246. 26-1: Tax Administration
247. 26-2: The Tax Profession and Tax Ethics
248. 26-3: Tax Planning
249. Part 9: Family Tax Planning
250. Chapter 27: the Federal Gift and Estate Taxes
251. The Big Picture: an Eventful and Final Year
252. 27-1: Transfer Taxes-in General
253. 27-2: The Federal Gift Tax
254. 27-3: The Federal Estate Tax
255. 27-4: The Generation -skipping Transfer Tax
256. 27-5: Tax Planning
257. Chapter 28: Income Taxation of Trusts and Estates
258. The Big Picture: Setting Up a Trust to Protect a Family
259. 28-1: Fiduciary Income Taxation
260. 28-2 Nature of Trust and Estate Taxation
261. 28-3: Taxable Income of Trusts and Estates
262. 28-4: Taxation of Beneficiaries
263. 28-5: Grantor Trusts
264. 28-6: Procedural Matters
265. 28-7: Tax Planning
266. A Trust or an Estate as an Income-shifting Device
267. Income Tax Planning for Estates
268. Distributions of In-kind Property
269. Ethics & Equity Who Should Be a Trustee?
270. Deductibility of Administrative Expenses
271. Duties of an Executor
272. Additional Taxes on Capital Gains and Netinvestment Income
273. Refocus on the Big Picture Setting Up a Trust to Protect a Family
274. Appendix A: Tax Formulas, Tax Rate Schedules, and Tables
275. Appendix B: Tax Forms
276. Appendix C: Glossary
277. Appendix D: Table of Code Sections Cited
278. Appendix E: Present Value and Future Value Tables
279. Appendix F: Practice Set Assignments-Comprehensive Tax Return Problems
280. Index

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