Taxation for Decision Makers, Binder Ready Version, 2016 Edition Dennis-Escoffier, Fortin Solution manual +Test Bank Taxation of Individuals, 2011 edition, 2nd Edition by Brian C. Spilker, Benjamin C. Ayers, John Robinson Test Bank.

1. Instructor Manual Taxation For Decision Makers 2018
2. Instructor Manual Taxation For Decision Makers Solutions

. Aland Islands. Albania. Andorra. Armenia. Austria. Azerbaijan.

Belarus. Belgium. Bosnia and Herzegovina. Bulgaria. Croatia. Cyprus. Czech Republic.

Denmark. Estonia.

Finland. France. Georgia.

Germany. Gibraltar. Greece.

Greenland. Holy See (Vatican City State). Hungary. Iceland. Ireland. Italy.

Latvia. Liechtenstein. Lithuania.

Luxembourg. Macedonia. Malta. Moldova. Monaco. Montenegro. Netherlands.

Norway. Poland. Portugal. Romania. Russia. Serbia. Slovakia.

Slovenia. Spain.

Sweden. Switzerland.

Turkey. Ukraine. United Kingdom. American Samoa. Australia.

Bangladesh. Bhutan.

British Indian Ocean Territory. Brunei. Cambodia. China. Christmas Island. Cocos (Keeling) Islands. Cook Islands.

Fiji. Guam. India. Indonesia. Japan.

Kazakhstan. Korea (the Republic of). Kyrgyzstan. Laos. Malaysia. Maldives. Mongolia.

Myanmar. Nepal. New Zealand.

Pakistan. Papua New Guinea. Philippines. Samoa.

Singapore. Solomon Islands.

Sri Lanka. Tajikistan. Thailand.

Timor-Leste. Tonga. Turkmenistan. Uzbekistan. Vanuatu. Vietnam.

Description TRY (FREE for 14 days), OR RENT this title: Taxation for Decision Makers, 2018 Edition is designed for a one-semester, introductory tax course focused on decision-making at either the undergraduate or graduate level. This text introduces all relevant tax topics covered on the CPA exam, and strikes the perfect balance between concepts and details. Tax concepts and applications are presented in a clear, concise, student-friendly writing style with sufficient technical detail to provide a foundation for future practice in taxation and consulting while not overwhelming the student with seldom-encountered minutia. Preface xx About the Authors xxv PART I Introduction to Taxation and Its Environment 1 An Introduction to Taxation 2 Setting the Stage—An Introductory Case, 3 1.1. An Introduction to Taxes, 3 1.1.1. What Is a Tax?

Evolution of the Federal Income Tax, 4 1.1.3. State and Local Income Taxes, 6 1.1.4. Employment Taxes, 8 1.1.5. Wealth Taxes, 8 1.1.6. Wealth Transfer Taxes, 9 1.1.7.

Consumption Taxes, 10 1.1.8. Tariffs and Duties, 12 1.2. Types of Tax Rate Systems, 13 1.2.1. The Progressive Tax Rate System, 13 1.2.2.

Proportional “Flat” Tax Rate, 15 1.2.3. Regressive Taxes, 15 1.3.

Characteristics of a Good Tax, 16 1.3.1. Equity, 16 1.3.2. Economy, 18 1.3.3.

Certainty, 18 1.3.4. Convenience, 18 1.4. The Taxing Units and the Basic Income Tax Model, 19 1.4.1. The Basic Tax Model, 20 1.4.2.

Trusts and Estates, 29 1.5. Choice of Business Entity, 30 1.5.1.

Sole Proprietorships, 31 1.5.2. Partnerships, 32 1.5.3. C Corporations, 34 1.5.4.

S Corporations, 36 1.5.5. Comparing Business Entity Attributes, 37 Revisiting the Introductory Case, 39 Summary, 39 Key Terms, 40 Test Yourself, 40 Problem Assignments, 41 Answers to Test Yourself, 45 2 The Tax Practice Environment 46 Setting the Stage—An Introductory Case, 47 2.1. Tax Compliance, 47 2.1.1.

Filing a Tax Return, 47 2.1.2. Selecting Returns for Audit, 50 2.1.3. Types of Audits, 51 2.1.4. The Appeals Procedure, 52 2.1.5. Taxpayer Noncompliance Penalties, 53 2.1.6. Collection Procedures, 54 2.2. Professional Responsibilities and Ethics, 55 2.2.1.

Avoidance versus Evasion, 55 2.2.2. Tax Preparer Registration, 55 2.2.3. Tax Preparer Penalties, 55 2.2.4.

Tax Professionals’ Dual Responsibilities, 56 2.2.5. Sources of Professional Guidance, 57 2.3.

Tax Planning, 60 2.3.1. Cash Flows and Present Value, 61 2.3.2. Significance of the Marginal Tax Rate, 62 2.3.3. Timing Income and Deductions, 62 2.3.4. Income Shifting, 64 2.3.5. Changing the Character of Income, 65 2.3.6.

Other Factors Affecting Tax Planning, 66 2.4. Tax Research, 69 2.4.1. Gather the Facts and Identify the Issues, 69 2.4.2.

Locate Relevant Authority, 70 2.4.3. Evaluate the Sources of Authority, 77 2.4.4. Communicate the Recommendations, 84 2.4.5. Keeping Up-to-Date, 84 2.4.6.

Sample Research Problem, 85 Revisiting the Introductory Case, 88 Summary, 89 Key Terms, 89 Test Yourself, 90 Problem Assignments, 90 Answers to Test Yourself, 96 Appendix: Authorities for Sample Research Problem, 97 PART II Income, Expenses, and Individual Taxes 3 Determining Gross Income 108 Setting the Stage—An Introductory Case, 109 3.1. What Is Income? Taxable versus Gross Income, 110 3.1.2. Tax versus Financial Accounting, 110 3.1.3.

Return of Capital Principle, 111 3.2. When Is Income Recognized? The Tax Year, 113 3.2.2. Accounting Methods, 114 3.3. Who Recognizes the Income?

Assignment of Income Doctrine, 119 3.3.2. Community Property Laws, 119 3.4. Sources of Income, 119 3.4.1. Interest Income, 120 3.4.2. Dividend Income, 125 3.4.3.

Annuity Income, 127 3.4.4. Transfers from Others, 128 3.4.5. Discharge of Indebtedness, 133 3.4.6. Tax Benefit Rule, 134 3.4.7. System for Reporting Income, 134 3.5.

Exclusions, 135 3.5.1. Gifts and Inheritances, 135 3.5.2.

Insurance Proceeds, 136 3.5.3. Scholarships, 139 3.5.4. Other Exclusions, 140 3.6. Expanded Topics—Jurisdictional Issues, 140 3.6.1. International Issues, 140 3.6.2.

Taxpayers Subject to U.S. Taxation, 141 Revisiting the Introductory Case, 142 Summary, 143 Key Terms, 144 Test Yourself, 144 Problem Assignments, 145 Answers to Test Yourself, 153 4 Employee Compensation 154 Setting the Stage—An Introductory Case, 155 4.1. Employee Compensation, 155 4.1.1. Payroll Taxes, 155 4.1.2. Employee versus Independent Contractor, 158 4.1.3. Timing of Compensation Deduction, 160 4.1.4.

Reasonable Compensation, 161 4.2. Employee Fringe Benefits, 163 4.2.1. Group Term Life Insurance Premiums, 165 4.2.2.

Health and Accident Insurance Premiums, 166 4.2.3. Child and Dependent Care Programs, 166 4.2.4. Cafeteria Plans and Flexible Spending Arrangements, 167 4.2.5. Meals and Lodging, 168 4.2.6. No-Additional-Cost Services, 168 4.2.7. Employee Purchase Discounts, 169 4.2.8. Employee Achievement Awards, 170 4.2.9.

De Minimis Fringe Benefits, 170 4.2.10. Working Condition Fringe Benefits, 171 4.2.11. Employee Relocation Expenses, 172 4.2.12. Education Expenses, 174 4.2.13. Substantiating Business Expenses, 176 4.3. Employee Stock and Stock Options, 177 4.3.1. Restricted Stock, 177 4.3.2.

Stock Options, 179 4.3.3. Phantom Stock and Stock Appreciation Rights, 181 4.4. Deferred Compensation and Retirement Planning, 182 4.4.1. Qualified Retirement Plans, 182 4.4.2. Types of Retirement Plans, 183 4.4.3.

Contribution Limits, 185 4.4.4. Nonqualified Deferred Compensation Plans, 186 4.4.5. Individual Retirement Accounts, 187 4.5. Self-Employed Individuals, 190 4.5.1. Employment Tax Consequences, 190 4.5.2. Fringe Benefits Limited, 192 4.5.3. Retirement Plans, 193 4.6.

Expanded Topics—Foreign Assignments, 194 4.6.1. Foreign Earned Income Exclusion, 195 4.6.2. Excess Housing Cost Exclusion, 196 4.6.3. Credit for Foreign Taxes, 196 4.6.4. Moving Expenses, 198 4.6.5. Tax Reimbursement Plans, 198 4.6.6.

Tax Treaties, 198 Revisiting the Introductory Case, 199 Summary, 200 Key Terms, 200 Test Yourself, 201 Problem Assignments, 202 Answers to Test Yourself, 210 5 Deductions for Individuals and Tax Determination 211 Setting the Stage—An Introductory Case, 212 5.1. The Individual Tax Model, 212 5.2. Deductions for Adjusted Gross Income, 214 5.2.1. Student Loan Interest Deduction, 214 5.2.2. Tuition and Fees Deduction, 215 5.2.3.

Educator Expenses, 216 5.2.4. Health Savings Accounts, 216 5.2.5. Penalty on Early Withdrawal of Savings, 217 5.2.6.

Other Deductions for AGI, 217 5.3. Standard Deduction, 217 5.3.1. Standard Deduction Amounts, 218 5.3.2. Married Filing Jointly, 220 5.3.3. Surviving Spouse, 220 5.3.4. Married Filing Separately, 220 5.3.5. Head of Household, 221 5.3.6.

Single (Unmarried) Individual, 222 5.4. Itemized Deductions, 223 5.4.1.

Medical Expenses, 223 5.4.2. Taxes, 224 5.4.3. Interest Expense, 226 5.4.4. Charitable Contributions, 229 5.4.5. Casualty and Theft Losses, 233 5.4.6. Miscellaneous Itemized Deductions, 233 5.4.7. Phaseout of Itemized Deductions for High-Income Taxpayers, 234 5.5.

Personal and Dependency Exemptions, 236 5.5.1. Qualifying Child, 237 5.5.2.

Qualifying Relatives, 238 5.5.3. Phaseout of Exemptions for High-Income Taxpayers, 241 5.6.

Tax Credits, 242 5.6.1. Credits versus Deductions, 242 5.6.2. Child Tax Credit, 242 5.6.3. Education Credits, 242 5.6.4.

Dependent Care Credit, 245 5.6.5. Earned Income Credit, 246 5.6.6. Excess Payroll Tax Withheld, 246 5.6.7. Other Credits, 247 5.7. Computing the Tax, 248 5.7.1.

Medicare Surtaxes, 250 5.7.2. Alternative Minimum Tax, 252 5.7.3. Other Taxes, 256 5.8.

Payment of Tax and Filing the Return, 256 5.8.1. Payment of Tax, 256 5.8.2. NOL, 257 5.8.3. Who Must File a Return? 257 Revisiting the Introductory Case, 261 Summary, 261 Key Terms, 262 Test Yourself, 262 Problem Assignments, 263 Answers to Test Yourself, 273 PART III Business and Property Concepts 6 Business Expenses 276 Setting the Stage—An Introductory Case, 277 6.1. Criteria for Deductibility, 277 6.1.1. General Provisions for Trade or Business Expenses, 277 6.1.2.

Ordinary and Necessary, 279 6.1.3. Contrary to Public Policy, 279 6.1.4. Related to Tax-Exempt Income, 280 6.1.5.

Accrued to Related Party, 280 6.1.6. Obligation of Another Taxpayer, 280 6.1.7.

Substantiation, 281 6.2. Timing of Deductions, 281 6.2.1. Accrual Method, 281 6.2.2. Cash Method, 282 6.2.3. Restrictions on Prepaid Expenses, 284 6.2.4.

Disputed Liabilities, 285 6.3. Costs of Starting a Business, 285 6.3.1. Business Investigation and Start-Up Expenses, 285 6.3.2. Organization Costs, 286 6.4. Operating Expenses, 287 6.4.1.

Business Meals and Entertainment, 287 6.4.2. Travel and Transportation Expenses, 288 6.4.3.

Combining Business with Pleasure Travel, 291 6.4.4. Bad Debt Expenses, 292 6.4.5. Insurance Premiums, 293 6.4.6. Legal Expenses, 293 6.4.7. Taxes, 294 6.5. Limited Expense Deductions, 295 6.5.1. Residential Rental Property, 295 6.5.2.

Home Office Expenses, 298 6.5.3. Hobby Expenses, 300 6.6. Expanded Topics—Book/Tax Differences, 302 6.6.1. Accounting for Income Tax Expense, 302 6.6.2. UNICAP Rules and Inventory, 310 Revisiting the Introductory Case, 312 Summary, 314 Key Terms, 314 Test Yourself, 315 Problem Assignments, 316 Answers to Test Yourself, 325 7 Property Acquisitions and Cost Recovery Deductions 326 Setting the Stage—An Introductory Case, 327 7.1.

Capital Expenditures, 327 7.1.1. Capitalize or Expense, 328 7.1.2. Basis of Property, 329 7.1.3.

Cash Flow and After-Tax Cost, 332 7.2. MACRS, 334 7.2.1. Averaging Conventions, 335 7.2.2. Year of Disposition, 339 7.2.3. Alternative Depreciation System (ADS), 339 7.3. Special Expensing Provisions, 340 7.3.1.

Section 179 Expensing Election, 340 7.3.2. Bonus Depreciation, 343 7.4. Provisions Limiting Depreciation, 346 7.4.1.

Mixed-Use Assets, 346 7.4.2. Limits for Passenger Vehicles, 348 7.5. Depletion, 351 7.6. Amortization, 353 7.6.1. Research and Experimentation Expenditures, 354 7.6.2.

Software, 354 Revisiting the Introductory Case, 355 Summary, 356 Key Terms, 356 Test Yourself, 357 Problem Assignments, 358 Answers to Test Yourself, 365 PART IV Property Dispositions 8 Property Dispositions 368 Setting the Stage—An Introductory Case, 369 8.1. Determining Gain or Loss on Dispositions, 370 8.1.1. Property Dispositions and Cash Flow, 370 8.1.2. Types of Dispositions, 371 8.1.3. Amount Realized, 372 8.1.4. Realized versus Recognized Gain or Loss, 373 8.1.5.

Holding Period, 373 8.1.6. Character of Gains and Losses, 374 8.1.7. Mixed-Use Assets, 377 8.2. Disposition of Capital Assets, 377 8.2.1. The Capital Gain and Loss Netting Process, 377 8.2.2. Tax Treatment of Net Capital Gains and Losses, 379 8.3.

Disposition of Section 1231 Property, 385 8.3.1. Depreciation Recapture, 386 8.3.2. Unrecaptured Section 1250 Gains for Individuals, 389 8.3.3. Section 1231 Look-Back Rules, 390 8.4. Mixed-Use Property, 392 8.5.

Special Rules for Small Business Stock, 393 8.5.1. Losses on Section 1244 Stock, 393 8.5.2. Section 1202 Gains on Qualified Small Business Stock, 394 8.5.3.

Comparison of Sections 1244 and 1202, 395 8.6. Sale of Principal Residence—Section 121, 396 8.6.1. Debt Reductions, Short Sales, and Foreclosures, 398 8.7.

Instructor Manual Taxation For Decision Makers 2018

Navigating Individual Capital Gains Tax Rates, 399 8.7.1. Determining the Long-Term Capital Gains Tax Rate, 399 8.7.2.

Planning with Multiple Tax Rates, 402 Revisiting the Introductory Case, 403 Summary, 404 Key Terms, 405 Test Yourself, 405 Problem Assignments, 406 Answers to Test Yourself, 415 9 Tax-Deferred Exchanges 416 Setting the Stage—An Introductory Case, 417 9.1. Basics of Tax-Deferred Exchanges, 417 9.1.1. Basis Adjustments, 418 9.1.2.

Holding Period, 419 9.2. Like-Kind Exchanges—Section 1031, 419 9.2.1. Qualifying Properties, 420 9.2.2. Determining Realized Gain or Loss and the Effect of Boot, 421 9.2.3. Basis and Holding Period of Like-Kind Property, 423 9.2.4.

Indirect Exchanges, 424 9.3. Involuntary Conversions, 425 9.3.1.

Casualty and Theft Losses, 426 9.3.2. Gains on Involuntary Conversions—Section 1033, 431 9.3.3. Involuntary Conversion of a Principal Residence, 434 9.4. Other Tax-Deferred Exchanges or Dispositions, 435 9.4.1. Wash Sales, 435 9.4.2. Installment Sales, 435 9.4.3.

Related-Party Sales, 437 9.4.4. Other Deferrals, 438 9.5. Asset Transfers to Businesses, 439 9.5.1. Transfers to Sole Proprietorships, 439 9.5.2.

Transfers to Controlled Corporations—Section 351, 439 9.5.3. Transfers of Property to a Partnership, 444 9.5.4. Formation of a Limited Liability Company, 447 9.6. An Introduction to Corporate Reorganizations, 448 Revisiting the Introductory Case, 449 Summary, 449 Key Terms, 450 Test Yourself, 450 Problem Assignments, 451 Answers to Test Yourself, 461 Appendix: Corporate Reorganizations, 461 PART V Business Taxation 10 Taxation of Corporations 470 Setting the Stage—An Introductory Case, 471 10.1.

Introduction to Corporations, 471 10.1.1. Corporate Advantages, 472 10.1.2. Disadvantages of the Corporate Form, 473 10.1.3. Capital Structure, 473 10.2. Taxation of C Corporations, 475 10.2.1.

Dividend Received Deduction, 475 10.2.2. Charitable Contribution Deduction, 476 10.2.3.

Capital Gains and Losses, 477 10.2.4. Deduction for Qualified U.S. Production Activities, 478 10.2.5. Net Operating Losses, 478 10.2.6. Computing the Corporate Income Tax, 479 10.2.7. Reconciling Book and Taxable Income, 480 10.2.8. Tax Credits, 483 10.2.9.

Alternative Minimum Tax, 484 10.2.10. Filing and Payment Requirements, 486 10.3.

Corporate Dividend Distributions, 487 10.3.1. Tax Effects of Dividend Distributions, 487 10.3.2.

Calculating Earnings and Profits, 487 10.3.3. Applying E&P to Distributions, 488 10.3.4. Property Distributions, 491 10.3.5. Stock Dividends, 492 10.4. Corporate Redemptions and Liquidations, 493 10.4.1.

Redemption Sale Requirements, 493 10.4.2. Partial Liquidation, 495 10.4.3.

Liquidating Distributions, 495 10.4.4. Dividend and Redemption Planning Issues, 496 10.5. Issues for Closely Held Corporations, 498 10.5.1. Constructive Dividends, 498 10.5.2. Penalty Taxes to Encourage Dividend Payments, 499 10.5.3. Controlled Corporate Groups, 500 10.6. Consolidated Returns, 502 10.6.1.

Consolidated Net Income, 503 Revisiting the Introductory Case, 504 Summary, 505 Key Terms, 506 Test Yourself, 506 Problem Assignments, 507 Answers to Test Yourself, 515 Appendix: Exempt Organizations, 515 11 Sole Proprietorships and Flow-Through Entities 520 Setting the Stage—An Introductory Case, 521 11.1. Introduction to Flow-Through Business Entities, 521 11.2. The Sole Proprietorship, 522 11.2.1. Forming the Sole Proprietorship, 522 11.2.2. Operating the Sole Proprietorship, 523 11.2.3. Self-Employment Taxes, 526 11.3. Partnerships, 526 11.3.1.

Types of Partnerships, 527 11.3.2. Advantages and Disadvantages of Partnerships and LLCs, 527 11.3.3. Entity versus Aggregate Concepts, 528 11.3.4. Partnership Operations, 529 11.3.5.

Partner’s Basis Account, 534 11.3.6. Loss Limitation Rules, 535 11.3.7. Guaranteed and Nonguaranteed Payments, 537 11.3.8. Partnership Distributions, 538 11.3.9. Selling a Partnership Interest, 542 11.4. S Corporation Characteristics, 543 11.4.1.

Eligibility Requirements for S Status, 543 11.4.2. Making the S Election, 544 11.4.3. Terminating the S Election, 545 11.4.4.

S Corporation Operations, 545 11.4.5. Loss Limitations, 549 11.4.6. Tracking Basis, 550 11.4.7. Property Distributions, 551 11.4.8. The S Corporation Schedules M-1, M-2, and M-3, 551 11.4.9. The Accumulated Adjustments Account, 552 11.4.10. S Corporation Taxes, 553 11.4.11.

Redemptions and Liquidations by S Corporations, 554 11.4.12. Comparison of Total Tax Burden by Entity, 555 11.5. Expanded Topics—The Passive Deduction Limitations, 557 11.5.1. Material Participation, 558 11.5.2. Real Property Business Exception, 559 Revisiting the Introductory Case, 560 Summary, 561 Key Terms, 562 Test Yourself, 562 Problem Assignments, 563 Answers to Test Yourself, 575 PART VI Wealth Taxation 12 Estates, Gifts, and Trusts 578 Setting the Stage—An Introductory Case, 579 12.1. Overview of Wealth Transfer Taxation, 579 12.1.1. The Unified Transfer Tax, 579 12.1.2.

Features of the Unified Transfer Tax, 581 12.1.3. Major Exclusions, 581 12.2.

The Federal Gift Tax, 584 12.2.1. Transfers Subject to Gift Taxes, 584 12.2.2.

Transfers Excluded from Gift Taxes, 587 12.2.3. Valuation of Gift Property, 588 12.2.4. Special Rules Affecting the Annual Gift Tax Exclusion, 588 12.2.5. Gift Tax Deductions, 591 12.3. Tax Consequences for Donees, 592 12.3.1. Kiddie Tax, 593 12.3.2. Special Education Savings Plans, 594 12.4.

The Taxable Estate, 595 12.4.1. Identifying the Gross Estate, 596 12.4.2. Valuation Issues, 598 12.4.3. Estate Deductions, 599 12.4.4.

Alternate Estate Provision for 2010, 599 12.4.5. Generation-Skipping Transfer Taxes, 600 12.5. Transfer Tax Planning, 600 12.5.1.

Selecting the Right Property to Give, 600 12.5.2. Advantages of Making Lifetime Gifts, 601 12.5.3. Disadvantages of Lifetime Gifts, 603 12.6.

Fiduciary Income Tax Issues, 604 12.6.1. The Decedent’s Final Tax Return, 604 12.6.2. Income Tax Consequences of Inherited Property, 605 12.6.3. Income Taxation of Trusts and Estates, 605 12.7.

Expanded Topics—The Tax Calculations, 606 12.7.1. Computing the Gift Tax, 606 12.7.2.

Computing the Estate Tax, 607 12.7.3. Computing the Fiduciary Income Tax, 609 Revisiting the Introductory Case, 611 Summary, 611 Key Terms, 612 Test Yourself, 612 Problem Assignments, 613 Answers to Test Yourself, 620 Appendix Selected Tax Tables for 2017 621 Corporate Tax Rates, 621 2017 Individual Income Tax Rate Schedules, 621 Social Security and Medicare Taxes, 622 Standard Deductions, 623 AGI Thresholds for Phaseout of Itemized Deductions and Exemptions, 623 Depreciation Tables, 623 Tax Rates for Estates, Gifts, and Trusts, 625 Present Value and Future Value Tables, 626 Index 629. All chapters updated to include relevant changes in tax law including inflation adjustments, new cases, and new rulings through the first quarter of 2017. Additional examples included with completed tax forms. All chapters reviewed to ensure that all tax topics tested on the new CPA exam are introduced and adequately addressed in the text.

Chapter 1 revised by incorporating additional coverage of individual taxation to provide adequate background for those classes with primary emphasis on taxation of entities.

. Aland Islands. Albania. Andorra. Armenia. Austria.

Azerbaijan. Belarus. Belgium. Bosnia and Herzegovina. Bulgaria. Croatia. Cyprus.

Czech Republic. Denmark.

Estonia. Finland. France.

Georgia. Germany.

Gibraltar. Greece.

Greenland. Holy See (Vatican City State).

Hungary. Iceland. Ireland. Italy. Latvia. Liechtenstein. Lithuania.

Luxembourg. Macedonia. Malta. Moldova. Monaco.

Montenegro. Netherlands. Norway. Poland. Portugal. Romania. Russia.

Serbia. Slovakia. Slovenia. Spain. Sweden.

Switzerland. Turkey. Ukraine.

United Kingdom. American Samoa. Australia. Bangladesh. Bhutan. British Indian Ocean Territory.

Brunei. Cambodia. China. Christmas Island.

Cocos (Keeling) Islands. Cook Islands. Fiji. Guam. India.

Indonesia. Japan. Kazakhstan. Korea (the Republic of). Kyrgyzstan.

Laos. Malaysia. Maldives. Mongolia.

Myanmar. Nepal. New Zealand. Pakistan. Papua New Guinea.

Philippines. Samoa. Singapore.

Solomon Islands. Sri Lanka.

Tajikistan. Thailand. Timor-Leste.

Tonga. Turkmenistan. Uzbekistan.

Vanuatu. Vietnam. Description TRY (FREE for 14 days), OR RENT this title: Taxation for Decision Makers, 2019 Edition is designed for a one-semester introductory tax course at either the undergraduate or graduate level.

It is ideal for an MBA course or any program emphasizing a decision-making approach. This text introduces all tax topics on the CPA exam in only 12 chapters. This text covers basic taxation of all taxable entities: individuals, corporations, S corporations, partnerships, and fiduciary entities, emphasizing a balance between concepts and details. Tax concepts and applications are presented in a clear, concise, student-friendly writing style with sufficient technical detail to provide a foundation for future practice in taxation and consulting while not overwhelming the student with seldom-encountered details. The Tax Cuts and Jobs Act passed by Congress in December 2017 is the most significant change to tax law in more than thirty years. This text has been completely updated for all changes made by this Act as well as the Bipartisan Budget Act of 2018 and all other new pronouncements issued in the first several months of 2018. In addition to updating all chapters for changes to the tax law, Chapter 1 was modified to introduce the changes made to the taxation of corporations and flow-through businesses.

Instructor Manual Taxation For Decision Makers Solutions

The decision-making focus of this text is introduced in this first chapter through simple problems on the choice of business form. New tax forms are introduced in several chapters of the text.

A complete set of filled-in forms for a C corporation, partnership, S corporation, and sole proprietorship are also included on the companion website for this text. Finally, the authors went over the text line-by-line, not only to update it, but to improve readability. Engage Learning Platform: combines learning resources, auto-graded assignments, and time management tools customized to each instructor’s teaching style to help students do better in their course. Balanced Approach: This text strikes a balance between concepts and details by including sufficient technical detail to provide a foundation for future practice in taxation and consulting while not overwhelming the student with seldom-encountered technicalities. The importance of tax planning is woven into each chapter with margin icons highlighting planning opportunities.

Promotion of Critical Analysis and Decision-Making Skills: The chapter-opening case introduces key concepts which emphasize the most important topics that students need to master. These cases are then revisited at the end of each chapter for greater reinforcement. Comprehensive and Flexible: Chapter arrangement and topic presentation make it easy to change the sequence of chapters, while the Expanded Topics section included at the end of several chapters contain more advanced topics allowing instructors to achieve the level of rigor appropriate for each particular class. All chapters updated to include relevant changes in tax law including inflation adjustments, new cases, and new rulings through the first quarter of 2018. Additional examples included with completed tax forms. All chapters reviewed to ensure that all tax topics tested on the new CPA exam are introduced and adequately addressed in the text.

Chapter 1 incorporates additional coverage of individual taxation to provide adequate background for those classes with primary emphasis on taxation of entities.