McGraw-Hill’s Taxation of Individuals and Business Entities 2014 Edition Spilker 5th Edition Test Bank

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Product Details:

  • ISBN-10 ‏ : ‎ 0077726111
  • ISBN-13 ‏ : ‎ 978-0077726119
  • Author:   Brian Spilker (Author), Benjamin Ayers (Author), John Robinson (Author), Edmund Outslay (Author), Ronald Worsham (Author), John Barrick (Author), Connie Weaver (Author)

McGraw-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 275 schools adopting the 4th 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. 350 professors have contributed 370 book reviews, in addition to 20 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.

 

Table of Content:

  1. Chapter 1: An Introduction to Tax
  2. Chapter 1 Introduction
  3. Who Cares About Taxes and Why?
  4. What Qualifies as a Tax?
  5. How to Calculate a Tax
  6. Different Ways to Measure Tax Rates
  7. Tax Rate Structures
  8. Proportional Tax Rate Structure
  9. Progressive Tax Rate Structure
  10. Regressive Tax Rate Structure
  11. Types of Taxes
  12. Federal Taxes
  13. State and Local Taxes
  14. Implicit Taxes
  15. Evaluating Alternative Tax Systems
  16. Sufficiency
  17. Equity
  18. Certainty
  19. Convenience
  20. Economy
  21. Evaluating Tax Systems—The Trade-Offs
  22. Conclusion
  23. Chapter 1: Summary
  24. Chapter 1: Key Terms
  25. Chapter 1: Discussion Questions
  26. Chapter 1: Problems
  27. Chapter 2: Tax Compliance, the IRS, and Tax Authorities
  28. Chapter 2 Introduction
  29. Taxpayer Filing Requirements
  30. Tax Return Due Date and Extensions
  31. Statute of Limitations
  32. IRS Audit Selection
  33. Types of Audits
  34. Tax Law Sources
  35. Legislative Sources: Congress and the Constitution
  36. Judicial Sources: The Courts
  37. Administrative Sources: The U.S. Treasury
  38. Tax Research
  39. Step 1: Understand Facts
  40. Step 2: Identify Issues
  41. Step 3: Locate Relevant Authorities
  42. Step 4: Analyze Tax Authorities
  43. Step 5: Document and Communicate the Results
  44. Tax Professional Responsibilities
  45. Taxpayer and Tax Return Preparer Penalties
  46. Conclusion
  47. Chapter 2: Summary
  48. Chapter 2: Key Terms
  49. Chapter 2: Discussion Questions
  50. Chapter 2: Problems
  51. Chapter 3: Tax Planning Strategies and Related Limitations
  52. Chapter 3 Introduction
  53. Basic Tax Planning Overview
  54. Timing Strategies
  55. Present Value of Money
  56. The Timing Strategy When Tax Rates Are Constant
  57. The Timing Strategy When Tax Rates Change
  58. Income-Shifting Strategies
  59. Transactions between Family Members and Limitations
  60. Transactions between Owners and Their Businesses and Limitations
  61. Income Shifting across Jurisdictions and Limitations
  62. Conversion Strategies
  63. Limitations of Conversion Strategies
  64. Additional Limitations to Tax Planning Strategies: Judicially Based Doctrines
  65. Tax Avoidance versus Tax Evasion
  66. Conclusion
  67. Chapter 3: Summary
  68. Chapter 3: Key Terms
  69. Chapter 3: Discussion Questions
  70. Chapter 3: Problems
  71. Chapter 4: Individual Income Tax Overview, Dependents, and Filing Status
  72. Chapter 4 Introduction
  73. The Individual Income Tax Formula
  74. Gross Income
  75. Character of Income
  76. Deductions
  77. Income Tax Calculation
  78. Other Taxes
  79. Tax Credits
  80. Tax Prepayments
  81. Dependents of the Taxpayer
  82. Dependency Requirements
  83. Filing Status
  84. Married Filing Jointly and Married Filing Separately
  85. Qualifying Widow or Widower (Surviving Spouse)
  86. Single
  87. Head of Household
  88. Summary of Income Tax Formula
  89. Conclusion
  90. Appendix A: Dependency Exemption Flowchart (Part I)
  91. Appendix B: Qualifying Person for Head of Household Filing Status Flowchart
  92. Appendix C: Determination of Filing Status Flowchart
  93. Chapter 4: Summary
  94. Chapter 4: Key Terms
  95. Chapter 4: Discussion Questions
  96. Chapter 4: Problems
  97. Chapter 4: Comprehensive Problems
  98. Chapter 5: Gross Income and Exclusions
  99. Chapter 5 Introduction
  100. Realization and Recognition of Income
  101. What Is Included in Gross Income?
  102. Other Income Concepts
  103. When Do Taxpayers Recognize Income?
  104. Who Recognizes the Income?
  105. Types of Income
  106. Income from Services
  107. Income from Property
  108. Other Sources of Gross Income
  109. Exclusion Provisions
  110. Common Exclusions
  111. Education-Related Exclusions
  112. Exclusions That Mitigate Double Taxation
  113. Sickness and Injury-Related Exclusions
  114. Deferral Provisions
  115. Income Summary
  116. Conclusion
  117. Appendix: 2021 Social Security Worksheet from Form 1040 Instructions
  118. Chapter 5: Summary
  119. Chapter 5: Key Terms
  120. Chapter 5: Discussion Questions
  121. Chapter 5: Problems
  122. Chapter 5: Comprehensive Problems
  123. Chapter 6: Individual Deductions
  124. Chapter 6 Introduction
  125. Deductions for AGI
  126. Deductions Directly Related to Business Activities
  127. Deductions Indirectly Related to Business Activities
  128. Deductions Subsidizing Specific Activities
  129. Summary: Deductions for AGI
  130. Deductions from AGI: Itemized Deductions
  131. Medical Expenses
  132. Taxes
  133. Interest
  134. Charitable Contributions
  135. Special 2021 From AGI Charitable Contribution Deduction for Taxpayers Not Itemizing Deductions
  136. Casualty and Theft Losses on Personal-Use Assets
  137. Other Itemized Deductions
  138. Summary of Itemized Deductions
  139. The Standard Deduction
  140. Standard Deduction
  141. Deduction for Qualified Business Income
  142. Deduction for Qualified Business Income
  143. Limitations
  144. Taxable Income Summary
  145. Conclusion
  146. Chapter 6: Summary
  147. Chapter 6: Key Terms
  148. Chapter 6: Discussion Questions
  149. Chapter 6: Problems
  150. Chapter 6: Comprehensive Problems
  151. Chapter 7: Investments
  152. Chapter 7 Introduction
  153. Investments Overview
  154. Portfolio Income: Interest and Dividends
  155. Interest
  156. Dividends
  157. Portfolio Income: Capital Gains and Losses
  158. Types of Capital Gains and Losses
  159. Limits for Capital Loss Deductions
  160. Balancing Tax Planning Strategies for Capital Assets with Other Goals
  161. Portfolio Income Summary
  162. Investment Interest Expense and Net Investment Income Tax
  163. Net Investment Income Tax
  164. Passive Activity Income and Losses
  165. Passive Activity Definition
  166. Income and Loss Categories
  167. Rental Real Estate Exception to the Passive Activity Loss Rules
  168. Net Investment Income Tax on Net Passive Income
  169. Conclusion
  170. Appendix A: detailed step-by-step guide to the capital gains netting process
  171. Chapter 7: Summary
  172. Chapter 7: Key Terms
  173. Chapter 7: Discussion Questions
  174. Chapter 7: Problems
  175. Chapter 7: Comprehensive Problem
  176. Chapter 8: Individual Income Tax Computation and Tax Credits
  177. Chapter 8 Introduction
  178. Regular Federal Income Tax Computation
  179. Tax Rate Schedules
  180. Marriage Penalty or Benefit
  181. Exceptions to the Basic Tax Computation
  182. Alternative Minimum Tax
  183. Alternative Minimum Tax Formula
  184. Additional Taxes
  185. Employment and Self-Employment Taxes
  186. Tax Credits
  187. Nonrefundable Personal Credits
  188. Refundable Personal Credits
  189. Business Tax Credits
  190. Tax Credit Summary
  191. Credit Application Sequence
  192. Taxpayer Prepayments and Filing Requirements
  193. Prepayments
  194. Filing Requirements
  195. Tax Summary
  196. Conclusion
  197. Chapter 8: Summary
  198. Chapter 8: Key Terms
  199. Chapter 8: Discussion Questions
  200. Chapter 8: Problems
  201. Chapter 8: Comprehensive Problems
  202. Chapter 9: Business Income, Deductions, and Accounting Methods
  203. Chapter 9 Introduction
  204. Business Gross Income
  205. Gross Receipts Test for Determining Small Businesses
  206. Business Deductions
  207. Ordinary and Necessary
  208. Reasonable in Amount
  209. Limitations on Business Deductions
  210. Expenditures against Public Policy
  211. Political Contributions and Lobbying Costs
  212. Capital Expenditures
  213. Expenses Associated with the Production of Tax-Exempt Income
  214. Personal Expenditures
  215. Mixed-Motive Expenditures
  216. Limitation on Business Interest Deductions
  217. Losses on Dispositions of Business Property
  218. Business Casualty Losses
  219. Accounting Periods
  220. Accounting Methods
  221. Financial and Tax Accounting Methods
  222. Overall Accounting Method
  223. Accrual Income
  224. Taxation of Advance Payments of Income (Unearned Income)
  225. Inventories
  226. Accrual Deductions
  227. Comparison of Accrual and Cash Methods
  228. Adopting an Accounting Method
  229. Changing Accounting Methods
  230. Conclusion
  231. Chapter 9: Summary
  232. Chapter 9: Key Terms
  233. Chapter 9: Discussion Questions
  234. Chapter 9: Problems
  235. Chapter 9: Comprehensive Problems
  236. Chapter 10: Property Acquisition and Cost Recovery
  237. Chapter 10 Introduction
  238. Cost Recovery and Tax Basis for Cost Recovery
  239. Basis for Cost Recovery
  240. Depreciation
  241. Personal Property Depreciation
  242. Real Property
  243. Special Rules Relating to Cost Recovery
  244. Depreciation for the Alternative Minimum Tax
  245. Depreciation Summary
  246. Amortization
  247. Section 197 Intangibles
  248. Organizational Expenditures and Start-Up Costs
  249. Research and Experimentation Expenditures
  250. Patents and Copyrights
  251. Amortizable Intangible Asset Summary
  252. Depletion
  253. Conclusion
  254. Appendix A: MACRS Tables
  255. Chapter 10: Summary
  256. Chapter 10: Key Terms
  257. Chapter 10: Discussion Questions
  258. Chapter 10: Problems
  259. Chapter 10: Comprehensive Problems
  260. Chapter 11: Property Dispositions
  261. Chapter 11 Introduction
  262. Dispositions
  263. Amount Realized
  264. Determination of Adjusted Basis
  265. Realized Gain or Loss on Disposition
  266. Recognized Gain or Loss on Disposition
  267. Character of Gain or Loss
  268. Ordinary Assets
  269. Capital Assets
  270. Section 1231 Assets
  271. Depreciation Recapture
  272. Section 1245 Property
  273. Section 1250 Depreciation Recapture for Real Property
  274. Other Provisions Affecting the Rate at Which Gains Are Taxed
  275. Unrecaptured §1250 Gain for Individuals
  276. Characterizing Gains on the Sale of Depreciable Property to Related Persons
  277. Calculating Net §1231 Gains or Losses
  278. Section 1231 Look-Back Rule
  279. Gain or Loss Summary
  280. Tax-Deferred Transactions
  281. Like-Kind Exchanges
  282. Involuntary Conversions
  283. Installment Sales
  284. Gains Ineligible for Installment Reporting
  285. Other Tax-Deferred Provisions
  286. Related-Person Loss Disallowance Rules
  287. Conclusion
  288. Chapter 11: Summary
  289. Chapter 11: Key Terms
  290. Chapter 11: Discussion Questions
  291. Chapter 11: Problems
  292. Chapter 11: Comprehensive Problems
  293. Chapter 12: Compensation
  294. Chapter 12 Introduction
  295. Salary and Wages
  296. Employee Considerations for Salary and Wages
  297. Employer Considerations for Salary and Wages
  298. Equity-Based Compensation
  299. Stock Options
  300. Restricted Stock
  301. Equity-Based Compensation Summary
  302. Fringe Benefits
  303. Taxable Fringe Benefits
  304. Nontaxable Fringe Benefits
  305. Tax Planning with Fringe Benefits
  306. Fringe Benefits Summary
  307. Conclusion
  308. Chapter 12: Summary
  309. Chapter 12: Key Terms
  310. Chapter 12: Discussion Questions
  311. Chapter 12: Problems
  312. Chapter 12: Comprehensive Problems
  313. Chapter 13: Retirement Savings and Deferred Compensation
  314. Chapter 13 Introduction
  315. Employer-Provided Qualified Plans
  316. Defined Benefit Plans
  317. Vesting
  318. Distributions
  319. Nontax Considerations
  320. Defined Contribution Plans
  321. Employer Matching
  322. Contribution Limits
  323. Vesting
  324. After-Tax Cost of Contributions to Traditional (non-Roth) Defined Contribution Plans
  325. Distributions from Traditional Defined Contribution Plans
  326. After-Tax Rates of Return for Traditional Defined Contribution Plans
  327. Roth 401(k) Plans
  328. Comparing Traditional Defined Contribution Plans and Roth 401(k) Plans
  329. Nonqualified Deferred Compensation Plans
  330. Nonqualified Plans versus Qualified Defined Contribution Plans
  331. Employee Considerations
  332. Employer Considerations
  333. Individually Managed Qualified Retirement Plans
  334. Individual Retirement Accounts
  335. Traditional IRAs
  336. Roth IRAs
  337. Converting a Traditional IRA to a Roth IRA
  338. Comparing Traditional and Roth IRAs
  339. Self-Employed Retirement Accounts
  340. Simplified Employee Pension (SEP) IRA
  341. Individual 401(k) Plans
  342. Saver’s Credit
  343. Conclusion
  344. Appendix A: Traditional IRA Deduction Limitations
  345. (Page 2) Traditional IRA Deduction Limitations
  346. Appendix B: Roth IRA Contribution Limits
  347. Chapter 13: Summary
  348. Chapter 13: Key Terms
  349. Chapter 13: Discussion Questions
  350. Chapter 13: Problems
  351. Chapter 13: Comprehensive Problems
  352. Chapter 14: Tax Consequences of Home Ownership
  353. Chapter 14 Introduction
  354. Is a Dwelling Unit a Principal Residence, Residence, or Nonresidence?
  355. Personal Use of the Home
  356. Exclusion of Gain on Sale of Personal Residence
  357. Home Mortgage Interest Deduction
  358. Real Property Taxes
  359. Rental Use of the Home
  360. Residence with Minimal Rental Use
  361. Residence with Significant Rental Use (Vacation Home)
  362. Nonresidence (Rental Property)
  363. Business Use of the Home
  364. Direct versus Indirect Expenses
  365. Limitations on Deductibility of Expenses
  366. Conclusion
  367. Appendix A: Flowchart of Tax Rules Relating to Home Used for Rental Purposes (page 1)
  368. Appendix B: Sample Settlement Statement for the Jeffersons (page 1)
  369. Chapter 14: Summary
  370. Chapter 14: Key Terms
  371. Chapter 14: Discussion Questions
  372. Chapter 14: Problems
  373. Chapter 14: Comprehensive Problems
  374. Chapter 15: Business Entities Overview
  375. Chapter 15 Introduction
  376. Business Entity Legal Classification and Nontax Characteristics
  377. Legal Classification
  378. Nontax Characteristics
  379. Business Entity Tax Classification
  380. Business Entity Tax Characteristics
  381. Taxation of Business Entity Income
  382. Other Tax Characteristics
  383. Converting to Other Business Entity Types
  384. Conclusion
  385. Chapter 15: Summary
  386. Chapter 15: Key Terms
  387. Chapter 15: Discussion Questions
  388. Chapter 15: Problems
  389. Chapter 15: Comprehensive Problems
  390. Chapter 16: Corporate Operations
  391. Chapter 16 Introduction
  392. Corporate Taxable Income Formula
  393. Accounting Periods and Methods
  394. Computing Corporate Taxable Income
  395. Book–Tax Differences
  396. Corporate-Specific Deductions and Associated Book–Tax Differences
  397. Taxable Income Summary
  398. Corporate Income Tax Liability
  399. Compliance
  400. Corporate Tax Return Due Dates and Estimated Taxes
  401. Conclusion
  402. Chapter 16: Summary
  403. Chapter 16: Key Terms
  404. Chapter 16: Discussion Questions
  405. Chapter 16: Problems
  406. Chapter 16: Comprehensive Problems
  407. Chapter 17: Accounting for Income Taxes
  408. Chapter 17 Introduction
  409. Accounting for Income Taxes and the Income Tax Provision Process
  410. Why Is Accounting for Income Taxes So Complex?
  411. Objectives of ASC 740
  412. The Income Tax Provision Process
  413. Calculating a Company’s Income Tax Provision
  414. Step 1: Identify All Permanent and Temporary Differences and Tax Carryover Amounts and Calculate the Current Income Tax Provision (ASC 740 Objective 1)
  415. Step 2: Determine the Ending Balances in the Balance Sheet Deferred Tax Asset and Liability Accounts (ASC 740 Objective 2)
  416. Step 3: Calculate the Deferred Income Tax Provision and the Total Income Tax Provision
  417. Determining Whether a Valuation Allowance Is Needed
  418. Step 4: Evaluate the Need for a Valuation Allowance for Gross Deferred Tax Assets
  419. Determining the Need for a Valuation Allowance
  420. Accounting for Uncertainty in Income Tax Positions
  421. Step 5: Evaluate the Need for an Uncertain Tax Benefit Reserve
  422. Application of ASC Topic 740 to Uncertain Tax Positions
  423. Subsequent Events
  424. Interest and Penalties
  425. Disclosures of Uncertain Tax Positions
  426. Schedule UTP (Uncertain Tax Position) Statement
  427. Financial Statement Disclosure and Computing a Corporation’s Effective Tax Rate
  428. Balance Sheet Classification
  429. Income Tax Footnote Disclosure
  430. Interim Period Effective Tax Rates
  431. FASB Projects Related to Accounting for Income Taxes
  432. Conclusion
  433. Chapter 17: Summary
  434. Chapter 17: Key Terms
  435. Chapter 17: Discussion Questions
  436. Chapter 17: Problems
  437. Chapter 17: Comprehensive Problems
  438. Chapter 18: Corporate Taxation: Nonliquidating Distributions
  439. Chapter 18 Introduction
  440. Taxation of Property Distributions
  441. Determining the Dividend Amount from Earnings and Profits
  442. Overview
  443. Dividends Defined
  444. Computing Earnings and Profits
  445. Ordering of E&P Distributions
  446. Distributions of Noncash Property to Shareholders
  447. Stock Distributions
  448. Tax Consequences to Shareholders Receiving a Stock Distribution
  449. Stock Redemptions
  450. The Form of a Stock Redemption
  451. Redemptions That Reduce a Shareholder’s Ownership Interest
  452. Tax Consequences to the Distributing Corporation
  453. Partial Liquidations
  454. Conclusion
  455. Chapter 18: Summary
  456. Chapter 18: Key Terms
  457. Chapter 18: Discussion Questions
  458. Chapter 18: Problems
  459. Chapter 18: Comprehensive Problems
  460. Chapter 19: Corporate Formation, Reorganization, and Liquidation
  461. Chapter 19 Introduction
  462. Review of the Taxation of Property Dispositions
  463. Tax-Deferred Transfers of Property to a Corporation
  464. Transactions Subject to Tax Deferral
  465. Meeting the Section 351 Tax Deferral Requirements
  466. Tax Consequences When a Shareholder Receives No Boot
  467. Tax Consequences When a Shareholder Receives Boot
  468. Assumption of Shareholder Liabilities by the Corporation
  469. Tax Consequences to the Transferee Corporation
  470. Other Issues Related to Incorporating an Ongoing Business
  471. Contributions to Capital
  472. Section 1244 Stock
  473. Taxable and Tax-Deferred Corporate Acquisitions
  474. The Acquisition Tax Model
  475. Tax Consequences to a Corporate Acquisition
  476. Taxable Acquisitions
  477. Tax-Deferred Acquisitions
  478. Judicial Doctrines That Underlie All Tax-Deferred Reorganizations
  479. Type A Asset Acquisitions
  480. Type B Stock-for-Stock Reorganizations
  481. Complete Liquidation of a Corporation
  482. Tax Consequences to the Shareholders in a Complete Liquidation
  483. Tax Consequences to the Liquidating Corporation in a Complete Liquidation
  484. Conclusion
  485. Chapter 19: Summary
  486. Chapter 19: Key Terms
  487. Chapter 19: Discussion Questions
  488. Chapter 19: Problems
  489. Chapter 19: Comprehensive Problems
  490. Chapter 20: Forming and Operating Partnerships
  491. Chapter 20 Introduction
  492. Flow-Through Entities Overview
  493. Aggregate and Entity Concepts
  494. Partnership Formations and Acquisitions of Partnership Interests
  495. Acquiring Partnership Interests When Partnerships Are Formed
  496. Acquisitions of Partnership Interests after Formation
  497. Partnership Accounting: Tax Elections, Accounting Periods, and Accounting Methods
  498. Tax Elections
  499. Accounting Periods
  500. Accounting Methods
  501. Reporting the Results of Partnership Operations
  502. Ordinary Business Income (Loss) and Separately Stated Items
  503. Net Investment Income Tax
  504. Allocating Partners’ Shares of Income and Loss
  505. Partnership Compliance Issues
  506. Adjusting a Partner’s Tax Basis in Partnership Interest
  507. Cash Distributions in Operating Partnerships
  508. Loss Limitations
  509. Tax-Basis Limitation
  510. At-Risk Amount Limitation
  511. Passive Activity Loss Limitation
  512. Excess Business Loss Limitation
  513. Conclusion
  514. Chapter 20: Summary
  515. Chapter 20: Key Terms
  516. Chapter 20: Discussion Questions
  517. Chapter 20: Problems
  518. Chapter 20: Comprehensive Problems
  519. Chapter 21: Dispositions of Partnership Interests and Partnership Distributions
  520. Chapter 21 Introduction
  521. Basics of Sales of Partnership Interests
  522. Seller Issues
  523. Buyer and Partnership Issues
  524. Basics of Partnership Distributions
  525. Operating Distributions
  526. Liquidating Distributions
  527. Disproportionate Distributions
  528. Special Basis Adjustments
  529. Special Basis Adjustments for Dispositions
  530. Special Basis Adjustments for Distributions
  531. Conclusion
  532. Chapter 21: Summary
  533. Chapter 21: Key Terms
  534. Chapter 21: Discussion Questions
  535. Chapter 21: Problems
  536. Chapter 21: Comprehensive Problems
  537. Chapter 22: S Corporations
  538. Chapter 22 Introduction
  539. S Corporation Elections
  540. Formations
  541. S Corporation Qualification Requirements
  542. S Corporation Election
  543. S Corporation Terminations
  544. Voluntary Terminations
  545. Involuntary Terminations
  546. Short Tax Years
  547. S Corporation Reelections
  548. Operating Issues
  549. Accounting Methods and Periods
  550. Income and Loss Allocations
  551. Separately Stated Items
  552. Shareholder’s Basis
  553. Loss Limitations
  554. Self-Employment Income
  555. Net Investment Income Tax
  556. Fringe Benefits
  557. Distributions
  558. Operating Distributions
  559. Liquidating Distributions
  560. S Corporation Taxes and Filing Requirements
  561. Built-in Gains Tax
  562. Excess Net Passive Income Tax
  563. LIFO Recapture Tax
  564. Estimated Taxes
  565. Filing Requirements
  566. Comparing C and S Corporations and Partnerships
  567. Conclusion
  568. Chapter 22: Summary
  569. Chapter 22: Key Terms
  570. Chapter 22: Discussion Questions
  571. Chapter 22: Problems
  572. Chapter 22: Comprehensive Problems
  573. Chapter 23: State and Local Taxes
  574. Chapter 23 Introduction
  575. State and Local Taxes
  576. Sales and Use Taxes
  577. Sales Tax Nexus
  578. Sales Tax Liability
  579. Income Taxes
  580. Income Tax Nexus
  581. Entities Included on Income Tax Return
  582. State Taxable Income
  583. Dividing State Tax Base among States
  584. State Income Tax Liability
  585. Nonincome-Based Taxes
  586. Conclusion
  587. Chapter 23: Summary
  588. Chapter 23: Key Terms
  589. Chapter 23: Discussion Questions
  590. Chapter 23: Problems
  591. Chapter 23: Comprehensive Problems
  592. Chapter 24: The U.S. Taxation of Multinational Transactions
  593. Chapter 24 Introduction
  594. The U.S. Framework for Taxing Multinational Transactions
  595. U.S. Taxation of a Nonresident
  596. Definition of a Resident for U.S. Tax Purposes
  597. Overview of the U.S. Foreign Tax Credit System
  598. U.S. Source Rules for Gross Income and Deductions
  599. Source-of-Income Rules
  600. Source-of-Deduction Rules
  601. Operating Abroad through a Foreign Corporation
  602. Treaties
  603. Foreign Tax Credits
  604. FTC Limitation Categories of Taxable Income
  605. Creditable Foreign Taxes
  606. Planning for International Operations
  607. Check-the-Box Hybrid Entities
  608. U.S. Anti-Deferral Rules
  609. Definition of a Controlled Foreign Corporation
  610. Definition of Subpart F Income
  611. Planning to Avoid Subpart F Income
  612. Global Intangible Low-Taxed Income
  613. Base Erosion and Profit-Shifting Initiatives around the World
  614. Conclusion
  615. Chapter 24: Summary
  616. Chapter 24: Key Terms
  617. Chapter 24: Discussion Questions
  618. Chapter 24: Problems
  619. Chapter 24: Comprehensive Problems
  620. Chapter 25: Transfer Taxes and Wealth Planning
  621. Chapter 25 Introduction
  622. Introduction to Federal Transfer Taxes
  623. Beginnings
  624. Common Features of Integrated Transfer Taxes
  625. The Federal Gift Tax
  626. Transfers Subject to Gift Tax
  627. Taxable Gifts
  628. Computation of the Gift Tax
  629. The Federal Estate Tax
  630. The Gross Estate
  631. The Taxable Estate
  632. Computation of the Estate Tax
  633. Wealth Planning Concepts
  634. The Generation-Skipping Tax
  635. Income Tax Considerations
  636. Transfer Tax Planning Techniques
  637. Integrated Wealth Plans
  638. Conclusion
  639. Chapter 25: Summary
  640. Chapter 25: Key Terms
  641. Chapter 25: Discussion Questions
  642. Chapter 25: Problems
  643. Chapter 25: Comprehensive Problems
  644. Appendix A: Tax Forms
  645. Appendix A: Tax Forms
  646. Appendix B: Tax Terms Glossary
  647. Appendix B: Tax Terms Glossary
  648. A
  649. B
  650. C
  651. D
  652. E
  653. F
  654. G
  655. H
  656. I
  657. J
  658. K
  659. L
  660. M
  661. N
  662. O
  663. P
  664. Q
  665. R
  666. S
  667. T
  668. U
  669. V
  670. W
  671. Z
  672. Appendix C: Tax Rates
  673. Tax Rates
  674. Code Index
  675. Code Index
  676. Subject Index
  677. Subject Index
  678. Additional Student Resources
  679. Additional Student Resources
  680. Accessibility Content: Text Alternatives for Images
  681. A Form 4562 Shows Page 1 of Depreciation and Amortization Text Alternative (FM)
  682. Exhibit 1-1 Text Alternative (Chapter 1)
  683. Exhibit 1-2 Text Alternative (Chapter 1)
  684. Exhibit 1-3 Text Alternative (Chapter 1)
  685. Exhibit 1-4 Text Alternative (Chapter 1)
  686. Exhibit 1-5 Text Alternative (Chapter 1)
  687. Exhibit 2-2 Text Alternative (Chapter 2)
  688. Exhibit 2-3 Text Alternative (Chapter 2)
  689. Exhibit 2-4 Text Alternative (Chapter 2)
  690. Exhibit 2-7 Text Alternative (Chapter 2)
  691. Exhibit 3-3 Text Alternative (Chapter 3)
  692. Exhibit 4-2 Text Alternative (Chapter 4)
  693. Exhibit 4-11 Text Alternative (Chapter 4)
  694. A Flowchart for Dependency Exemption (Part 1) Text Alternative (Appendix A)
  695. A Flowchart for Dependency Exemption (Part 2) Text Alternative (Appendix A)
  696. A Flowchart Shows the Qualifying Person Text Alternative (Appendix B)
  697. A Flowchart Shows the Determination Text Alternative (Appendix C)
  698. Exhibit 5-5 Text Alternative (Chapter 5)
  699. Exhibit 5-6 Text Alternative (Chapter 5)
  700. A Chart Shows Social Security Benefits Text Alternative (Appendix)
  701. A Flowchart Shows the Qualifying Persno Text Alternative (Chapter 7)
  702. Exhibit 6-2 Text Alternative (Chapter 6)
  703. Exhibit 6-3 Text Alternative (Chapter 6)
  704. Exhibit 6-7 Text Alternative (Chapter 6)
  705. Exhibit 6-8 Text Alternative (Chapter 6)
  706. Exhibit 6-10 Text Alternative (Chapter 6)
  707. Exhibit 6-13 Text Alternative (Chapter 6)
  708. Exhibit 7-6 Text Alternative (Chapter 7)
  709. Exhibit 7-7 Text Alternative (Chapter 7)
  710. Exhibit 7-8 Text Alternative (Chapter 7)
  711. Exhibit 7-10 Text Alternative (Chapter 7)
  712. Exhibit 8-4 Text Alternative (Chapter 8)
  713. Exhibit 8-15 Text Alternative (Chapter 8)
  714. Exhibit 9-6 Text Alternative (Chapter 9)
  715. Exhibit 10-12 Text Alternative (Chapter 10)
  716. Exhibit 10-13 Text Alternative (Chapter 10)
  717. Exhibit 10-15 Text Alternative (Chapter 10)
  718. Exhibit 11-5 Text Alternative (Chapter 11)
  719. Exhibit 11-6 Text Alternative (Chapter 11)
  720. Exhibit 11-7 Text Alternative (Chapter 11)
  721. Exhibit 11-8 Text Alternative (Chapter 11)
  722. Exhibit 11-10 Text Alternative (Chapter 11)
  723. Exhibit 11-11 Text Alternative (Chapter 11)
  724. Exhibit 11-12 Text Alternative (Chapter 11)
  725. Exhibit 11-12 Text Alternative (Chapter 11)
  726. Exhibit 12-1 Text Alternative (Chapter 12)
  727. Exhibit 12-3 Text Alternative (Chapter 12)
  728. Exhibit 12-5 Text Alternative (Chapter 12)
  729. A Flowchart Shows Page 1 of Traditional IRA Text Alternative (Appendix A)
  730. A Flowchart Shows Page 2 of Traditional IRA Text Alternative (Appendix A)
  731. A Flowchart Shows Appendix Text Alternative (Appendix B)
  732. Exhibit 14-3 Text Alternative (Chapter 14)
  733. Exhibit 14-5 Text Alternative (Chapter 14)
  734. Exhibit 14-6 Text Alternative (Chapter 14)
  735. Exhibit 14-8 Text Alternative (Chapter 14)
  736. A Flowchart Shows Tax Rules Relating to Home Text Alternative (Appendix A)
  737. A Flowchart Shows Tax Rules Relating to Home Text Alternative (Appendix A)
  738. A Sample Including 3 Sections Shows Page 1 Text Alternative (Appendix B)
  739. A Sample Including 7 Sections Shows Page 2 Text Alternative (Appendix B)
  740. Exhibit 15-2 Text Alternative (Chapter 15)
  741. Exhibit 16-9 Text Alternative (Chapter 16)
  742. Exhibit 16-10 Text Alternative (Chapter 16)
  743. Exhibit 18-2 Text Alternative (Chapter 18)
  744. Exhibit 19-8 Text Alternative (Chapter 18)
  745. Exhibit 19-9 Text Alternative (Chapter 19)
  746. Exhibit 19-10 Text Alternative (Chapter 19)
  747. Exhibit 19-11 Text Alternative (Chapter 19)
  748. Exhibit 20-4 Text Alternative (Chapter 20)
  749. Exhibit 20-5 Text Alternative (Chapter 20)
  750. Exhibit 20-8 (PART I) Text Alternative (Chapter 20)
  751. Exhibit 20-8 (PART II) Text Alternative (Chapter 20)
  752. Exhibit 20-8 (PART III) Text Alternative (Chapter 20)
  753. Exhibit 20-10 Text Alternative (Chapter 20)
  754. Exhibit 21-2 Text Alternative (Chapter 21)
  755. Exhibit 22-3, PART I Text Alternative (Chapter 22)
  756. Exhibit 22-3, PART II Text Alternative (Chapter 22)
  757. Exhibit 22-3, PART III Text Alternative (Chapter 22)
  758. Exhibit 23-2 Text Alternative (Chapter 23)
  759. Exhibit 23-3 Text Alternative (Chapter 23)
  760. Exhibit 24-1 Text Alternative (Chapter 24)
  761. Exhibit 24-1 (continued) Text Alternative (Chapter 24)
  762. Exhibit 24-1 (continued) Text Alternative (Chapter 24)
  763. Exhibit 24-1 Text Alternative (Chapter 24)
  764. Exhibit 24-4 Text Alternative (Chapter 24)
  765. Exhibit 24-5 Text Alternative (Chapter 24)
  766. Exhibit 25-5 Text Alternative (Chapter 25)
  767. Exhibit 25-8 Text Alternative (Chapter 25)