West's Federal Taxation: Corporations, Partnerships, Estates, and Trusts [antikvár]

Preface I his work was inspired by and designed to relieve the absence of suitable textual material for a second course in Federal taxation—the follow-up to a course outlining the Federal income taxation of individuals. It is especially valuable (a) for a second course offered at either the undergraduate or graduate level, (b) in the context of continuing professional education as a means to broaden one's professional capabilities, (c) as a reference for practitioners needing a refresher or review of seldom-encountered tax provisions, and (d) as a tool for self-study. Throughout the text, the authors stress the practical application of the materials through a liberal use of examples, most of which have been classroom tested and found to be effective learning devices. At the same time, the evolution of specific statutory provisions through the interaction of case law, political compromise, and economic considerations is discussed to offer the student a broad base for understanding and applying the tax law. Our text does not purport to be a treatise on historical and fiscal policy considerations; its primary concern is tax practice. For this reason, such discussions of the law's development were minimized. In our opinion, this minimization does not compromise the subject matter's presentation. enhanced pedagogical plan In the 1995 Edition, we have enhanced the pedagogy to assist the student in the learning process and to address the recommendations of the Accounting Education Change Commission (AECC). • Learning Objectives. Each chapter begins with learning objectives for the material. These behavioral objectives provide the students with guidance in learning the key concepts and principles. • Chapter Outline. The learning objectives are followed by a topical outline of the material in the chapter. Page references appear in the outline to provide ready access to each topic. • Chapter Introductions. The introductions link the material in the current chapter to previous chapters and demonstrate its relevance. Frequently, the chapter introduction includes a "real world" illustration to help show the utihty of the material. • Margin Notes. Each of the learning objectives appears in the margin where the related material is introduced and helps guide the student through the chapter. • Tax in the News. Tax in the News items appear in each chapter as a boxed feature to enliven the text discussion. The items are drawn from today's business press and present current issues that are relevant to the chapter material.