West's Federal Taxation: Individual Income Taxes [antikvár]

Preface This text is intended as a basis for a first course in Federal taxation for undergraduate or graduate accounting, business, and law students. With certain modifications in the coverage of the materials, the text may be used in a survey course on Federal taxation for undergraduate or graduate students. The materials may also be valuable as a tool for self-study, since they contain numerous clarifying examples adaptable to such an approach. Tax policy considerations and historical developments are introduced in the text only to the extent that they shed light on the reason for a particular rule. The many simple and straightforward examples further clarify the materials by showing how a particular tax rule applies in an actual situation. Since the original edition was issued in 1978, we have followed a policy of annually revising the text material to reflect statutory, judicial, and administrative changes in the Federal tax law and to correct any errors or other shortcomings. Not only do we encourage user input, we actively seek the advice of users as the basis for improving the text. In the 1995 edition, the effects of the Revenue Reconciliation Act of 1993 (RRA of 1993) are integrated throughout the text and supplements. If any significant tax legislation is enacted in 1994, we will provide you with supplements on a timely basis. Two sequence changes have been made in the 1995 edition. While we continue to recognize the importance of the coverage on passive activity losses and the at-risk limitations, we have moved this chapter from near the beginning of the materials on deductions (Part III) to the end (Chapter 11). We also recognize that studying the § 167 depreciation topic at the same time as the § 168 ACRS and MACRS cost recovery topics presents difficulties for students. Therefore, we have deleted the § 167 depreciation coverage from the chapter and have rewritten the text to reflect this deletion. For those professors who want their students to be exposed to § 167 depreciation, the material is now located in Appendix H. Though the primary emphasis of the text is on the income taxation of individuals. Chapter 20 provides an overview of the Federal taxation of other forms of business orgaruzation (corporations and partnerships). This chapter could be of particular significance to students who do not plan to take a second course in Federal taxation. For others. Chapter 20 may serve as a lead-in to West's Federal Taxation: Corporations, Partnerships, Estates, and Trusts. 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). r' Ij,.