9780324009040

Individual Income Taxes is designed for the first course in introductory taxation found primarily at the four-year undergraduate level, but may also be taught at the graduate level and in the school of law. This text provides the basis for the first course in federal taxation. No other tax book conveys the complexities of tax concepts and individual tax codes as clearly. Hoffman, et al., provide comprehensive and authoritative coverage of the relevant code and regulations, as well as all major developments in federal taxation.

Preface

iii

PART ONE INTRODUCTION AND BASIC TAX MODEL

CHAPTER 1 An Introduction to Taxation and Understanding the Federal Tax Law

1-1

CHAPTER 2 Working with the Tax Law

2-1

CHAPTER 3 Tax Determination; Personal and Dependency Exemptions; An Overview of Property Transactions

3-1

PART TWO GROSS INCOME

CHAPTER 4 Gross Income: Concepts and Inclusions

4-1

CHAPTER 5 Gross Income: Exclusions

5-1

PART THREE DEDUCTIONS

CHAPTER 6 Deductions and Losses: In General

6-1

CHAPTER 7 Deductions and Losses: Certain Business Expenses and Losses

7-1

CHAPTER 8 Depreciation, Cost Recovery, Amortization, and Depletion

8-1

CHAPTER 9 Deductions: Employee Expenses

9-1

CHAPTER 10 Deductions and Losses: Certain Itemized Deductions

10-1

CHAPTER 11 Passive Activity Losses

11-1

PART FOUR SPECIAL TAX COMPUTATION METHODS, PAYMENT PROCEDURES, AND TAX CREDITS

CHAPTER 12 Alternative Minimum Tax

12-1

CHAPTER 13 Tax Credits and Payment Procedures

13-1

PART FIVE PROPERTY TRANSACTIONS

CHAPTER 14 Property Transactions: Determination of Gain or Loss and Basis Considerations

14-1

CHAPTER 15 Property Transactions: Nontaxable Exchanges

15-1

CHAPTER 16 Property Transactions: Capital Gains and Losses

16-1

CHAPTER 17 Property Transactions: XXX 1231 and Recapture Provisions

17-1

PART SIX ACCOUNTING PERIODS, ACCOUNTING METHODS, AND DEFERRED COMPENSATION

CHAPTER 18 Accounting Periods and Methods

18-1

CHAPTER 19 Deferred Compensation

19-1

PART SEVEN CORPORATIONS AND PARTNERSHIPS

CHAPTER 20 Corporations and Partnerships

20-1

Appendixes

A-1

Subject Index

I-1

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Individual Income Taxes

Individual Income Taxes

0324009046

Summary

Table of Contents

Supplemental Materials