Federal Income Tax: Doctrine, Structure, and Policy: Text, Cases, Problems

Front Cover
LexisNexis, Feb 16, 2012 - Law - 802 pages
0 Reviews
In this well-rounded and student-friendly casebook, theory and policy discussions are threaded throughout the text material, which provides the basis for dealing with the problems and questions that now appear at the end of the section or subsection to which they relate. This Fourth Edition maintains the overall approach and feel of the Third Edition. It also:

•   remains problem oriented;

•   begins with an overview laying out the tax system's basic features and introducing students to fundamental principles and policies;

•   continues to address the differences between income and consumption taxation early in the book so that students can follow this theme throughout;

•   discusses the competing views of a normative income tax base: the Schanz-Haig-Simons approach and ability-to-pay realization approach;

•   provides broad coverage of the federal income tax as it exists and does so in a coherent, structure-based way that facilitates student learning; and

•   converts many of the questions from the Third Edition into notes and problems that are easier to engage, and simplifies the examples.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Part One THE FUNDAMENTAL STRUCTURE
INTERNATIONAL TAXATION
E FEDERAL TAX LAW IN THE STRUCTURE OF GOVERNMENT
BASIC INCOME TAX PRINCIPLES
B MEASURING NET INCOME
CAPITAL GAINS AND LOSSES
EVALUATING
B DISTRIBUTIVE NORMS
A NONMARKET TRANSACTIONS
B LIFE INSURANCE
CHARITABLE CONTRIBUTIONS
MECHANICS OF THE DEDUCTION
SECTION 108
B REDUCTION IN ACQUISITION DEBT
TAX SHELTERS
NONRECOURSE DEBT IN TAX SHELTERS

RATES AND ALLOWANCES FOR BASIC
B FILING STATUS
ALLOWANCES OFF THE BOTTOM
WELFARE TAX EXPENDITURES
A RELATION OF OFFTHEBOTTOM PERSONAL DEDUCTIONS TO OFFTHEBOTTOM ALLOWANCES
B DEDUCTION FOR ALIMONY 1 TaxCommonLaw Background 2 Enactment of 71 and 215
Rationale
Tax Alimony Defined 5 FrontLoaded Alimony Payments
Alimony trusts 7 Property Transfers Incident to Divorce
Notes
Problems
DEDUCTIONS RELATING TO TAXES PAID
Tax Payments in the Absence of 164
Property Taxes on Real Estate Sold During the Year
Federal Taxes
VIEWING THE INCOME TAX THROUGH
B AN INTRODUCTION TO THE TIME VALUE OF MONEY
FINANCIAL ANALYSIS AND THE TAXATION OF CAPITAL
F THE HYBRID TAX ANDS ITS EFFECTS
THE CAPITALIZATION PRINCIPLE
B COSTS OF PRODUCING TANGIBLE ASSETS INCLUDING
THE REPAIR EXPENDITURE EXCEPTION
Part Three DIFFERENTIATING AMONG
Part Four GROSS INCOME FROM MARKET
B EMPLOYEE FRINGE BENEFITS
POLICY CONSIDERATIONS
B NONMARKET BENEFITS
PERSONAL BENEFITS PROVIDED BY ANOTHER PARTY
Part Five WEALTH TRANSFERS
B TAXES AND TORT POLICY
SECTION 469 AND PASSIVE LOSSES
Part Seven REALIZATION AND RECOGNITION
B WHEN DOES A TAXABLE EXCHANGE OCCUR?
LESSEE IMPROVEMENTS
BARGAIN PURCHASES OF PROPERTY
E NONVESTED PROPERTY TRANSFERS UNDER SECTION 83
TAX ACCOUNTING METHODS
B CASHMETHOD DOCTRINE
THE ACCRUAL METHOD
ACCOUNTING FOR DEFERREDPAYMENT PROPERTY SALES
REALIZATION OF LOSS ON
DETERMINING THE AMOUNT OF THE LOSS OR GAIN
B DEPRECIATION RECAPTURE AND SECTION 1231
EXCESS CAPITAL LOSSES AND NET CAPITAL GAIN
Part Eight CAPITAL RECOVERY APART FROM
B TRANSACTIONAL ACCOUNTING FOR RECOVERIES
TRANSACTIONAL ERRORS AND THE STATUTE
THE TAXATION OF FINANCIAL
B DISCOUNT AND PREMIUM
TAXATION OF LIFE INSURANCE CONTRACTS BEFORE
B WHAT IS DEPRECIABLE?
WHO TAKES DEPRECIATION?
CALCULATING DEPRECIATION UNDER THE CODE
THE DISPOSITION OF A PART OF
B TRANSACTIONS INVOLVING TEMPORAL INTERESTS
Table of Cases
Table of Statutes
Index
Foreign Taxes 6 Status of Deduction for Taxes 7 Is the 164 Deduction Justified? a Simons Income Concept b AbilitytoPay Income c Federalism d Di...
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information