Fundamentals of business enterprise taxation: cases and materials
West Group, 2008 - Business & Economics - 941 pages
Fundamentals of Business Enterprise Taxation is available as an alternative to the authors' widely used separate texts on corporate and partnership tax. It covers all the basics and offers more condensed coverage of a few advanced topics for a consolidated J.D.-level course on taxation of business enterprises. The Fourth Edition is faithful to the authors' problem-oriented "fundamentals" approach. Important highlights include: Fully integrated discussion of the impact of the reduced tax rates on qualified dividends and capital gains on transactions between business entities and their owners Policy-based explanations of new statutory rules preventing transfers and duplication of losses in the partnership and C corporation settings. Discussion of the impact of recent tax legislation on choice of business entity, including analysis of I.R.S. statistical data on contemporary trends. Updated chapters on corporate reorganizations and S corporations, reflecting the Service's evolving liberal approach to continuity of interest, multi-step acquisitions and corporate divisions, and the more permissive S corporation eligibility requirements. New published rulings on partnership mergers and terminations and corporate divisions, and discussion of all new relevant proposed and final regulations.
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Table of Internal Revenue Code Sections
Table of Treasury Regulations
Table of Revenue Rulings
80 other sections not shown
50 percent acquisition adjusted basis amount apply assume attributable business purpose capital account capital asset capital gain cash Chapter Commissioner common stock Congress contributed property corporation's debt deduction depreciation determined distributive share dividend earnings and profits economic effect election entity equity example fair market value Federal gain or loss holding period income tax infra Internal Revenue Code inventory investment issue limited merger minimum gain nonrecognition nonrecourse debt nonrecourse liability ordinary income partner partner's share partnership agreement partnership income partnership interest petitioner preferred stock provides purchase qualify recognize gain redemption regulations reorganization result Rev.Rul Revenue Ruling S.Ct sale or exchange Section 351 sells share of partnership shareholder's shareholders Subchapter subsidiary substantial supra target target corporation tax avoidance tax consequences Tax Court tax purposes tax-free taxable income Taxation taxpayer tion transaction transfer transferor treated U.S.Tax UNITED STATES CODE unrealized receivables