Cengage Learning, Apr 30, 2001 - Income tax - 1440 pages
Combining the number one Individuals text with the number one Corporations text, West Federal Taxation: Comprehensive Volume is a true winner. An edited version of the first two WFT textbooks, this book offers a thorough and balanced treatment of relevant tax codes and regulations as applied to individuals and corporations.
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General Classes of Excluded Benefits 420
165 other sections not shown
accounting accrual adjusted basis allocated allowed alternative minimum tax apply Assume benefits bonds capital asset capital loss carryback carryover Chapter charitable contribution computed corporation cost recovery debt December 31 depreciation determined discussed distribution dividend earned election employee EXAMPLE exemption expenditures fair market value Federal income tax gain or loss gains and losses gross income holding period income tax purposes incurred individual investment itemized deductions land LEARNING OBJECTIVE limited loan long-term capital gain medical expenses method nonrecourse debt nontaxable ordinary income paid partner partnership interest passive activity passive income passive loss payments percent provides purchased qualified real estate real property realized gain recapture received recognized gain redemption regular income tax rental residence result rules sells shareholder shares sold spouse standard deduction tax consequences tax credit tax liability tax rate tax return taxable income trade or business transaction transfer USTC