Description
Table of ContentsPart 1 Introduction to the Federal Tax System
Chapter 1 — An Overview of Federal Taxation
Chapter 2 — Tax Practice and Research
Chapter 3 — Taxable Entities; Tax Formula; Introduction to Property Transactions
Chapter 4 — Personal and Dependency Exemptions; Filing Status; Determination of Tax
for an Individual; Filing Requirements
Part 2 Gross Income
Chapter 5 — Gross Income
Chapter 6 — Gross Income: Inclusions and Exclusions
Part 3 Deductions and Losses
Chapter 7 — Overview of Deductions and Losses
Chapter 8 — Employee Business Expenses
Chapter 9 — Capital Recovery: Depreciation, Amortization, and Depletion
Chapter 10 — Certain Business Deductions and Losses
Chapter 11 — Itemized Deductions
Chapter 12 — Deductions for Certain Investment Expenses and Losses
Part 4 Alternative Minimum Tax and Tax Credits
Chapter 13 — The Alternative Minimum Tax and Tax Credits
Part 5 Property Transactions
Chapter 14 — Property Transactions: Basis Determination and Recognition of Gain or Loss
Chapter 15 — Nontaxable Exchanges
Chapter 16 — Property Transactions: Capital Gains and Losses
Chapter 17 — Property Transactions: Dispositions of Trade or Business Property
Part 6 Employee Compensation and Retirement Plans
Chapter 18 — Employee Compensation and Retirement Plans
Part 7 Corporate Taxation
Chapter 19 — Corporations: Formation and Operation
Chapter 20 — Corporate Distributions, Redemptions and Liquidations
Chapter 21 — Taxation of Corporate Accumulations
Part 8 Flow-Through Entities
Chapter 22 — Taxation of Partnerships and Partners
Chapter 23 — S Corporations
Part 9 Family Tax Planning
Chapter 24 — The Federal Transfer Taxes
Chapter 25 — Income Taxation of Estates and Trusts
Chapter 26 — Family Tax Planning
Appendices
Appendix A — Tax Rate Schedules and Tables
Appendix B — Tax Forms
Appendix C — Modified ACRS Tables
Appendix D — Continuous Individual Tax Return Problems and Three Comprehensive
Individual Tax Return Problems for 2021
Appendix E — Glossary of Tax Terms
Index
Quick Reference
