Synopses & Reviews
For twenty-six years running, the market-leading West Federal Taxation Series has helped more than one million users master the ever-changing nature of Federal taxation. The 2004 Edition of West Federal Taxation: Comprehensive Volume is no exception. With its comprehensive and accessible coverage, no other text is as effective at helping users master the ever-changing tax code and regulations. Because of its adherence to the recommendations of the Accounting Education Change Commission (AECC) and the American Institute of Certified Public Accountants (AICPA)--and because its authors and editors stay on top of trends in both tax law and tax education-- the 2004 Edition is thoroughly up-to-date, current in its thinking, and pedagogically advanced.
About the Author
Eugene Willis is the Arthur Andersen Alumni Professor of Accountancy at the University of Illinois Urbana-Champaign. He joined the Illinois faculty in 1975 after receiving his Ph.D. from the University of Cincinnati. He has published articles in leading academic and professional journals, including The Accounting Review, The Journal of the American Taxation Association, The Journal of Accountancy, and The Journal of Taxation. Professor Willis is co-director of the National Tax Education Program, a continuing education program co-sponsored by the American Institute of CPAs and the University of Illinois.William H. Hoffman, Jr., earned B.A. and J.D. degrees from the University of Michigan and M.B.A. and Ph.D. degrees from The University of Texas. He is a licensed CPA and attorney in Texas. His teaching experience includes: The University of Texas (1957-1961), Louisiana State University (1961-1967), and the University of Houston (1967-1999). Professor Hoffman has addressed many tax institutes and conferences and has published extensively in academic and professional journals. His articles appear in The Journal of Taxation, The Tax Adviser, Taxes-The Tax Magazine, The Journal of Accountancy, The Accounting Review, and Taxation for Accountants.David M. Maloney completed his graduate work at the University of Illinois, Urbana-Champaign. He teaches courses in Federal Taxation in the graduate and undergraduate programs at the University of Virginia's McIntire School of Commerce. Since joining the Virginia faculty in January 1984, Professor Maloney has been a recipient of major research grants from the Ernst and Young and KPMG Foundations. In addition, his work has been published in numerous professional journals, including The Journal of Taxation, The Tax Adviser, Tax Notes, The Journal of Corporate Taxation, Accounting Horizons, and The Journal of Accountancy. He is a member of several professional organizations, including the American Accounting Association and the American Taxation Association.William A. Raabe, Ph.D., CPA, teaches tax courses in the Fisher College of Business at the Ohio State University. He is a graduate of Carroll College (WI) and the University of Illinois. Dr. Raabe is a leader among business school tax faculty in incorporating developments in technology into curricula for the educational development of tax professionals. Dr. Raabe's teaching and research interests focus on multijurisdictional taxation and financial planning, and he is recognized as the leader among business-school academics in the fields of state and local income, sales and property taxation. Dr. Raabe is the author or editor of approximately twenty book titles, including West Federal Taxation, and the Multistate Corporate Tax Guide. He has received university-wide recognition as the winner of the AMOCO Foundation Award for Teaching Excellence, and the Wisconsin Institute of CPAs names him the Educator of the Year.
Table of Contents
1. An Introduction to Taxation and Understanding the Federal Tax Law 2. Tax Determination; Personal and Dependency Exemptions; An Overview of Property Transactions 3. Gross Income: Concepts and Inclusions 4. Gross Income: Exclusions 5. Deductions and Losses: In General 6. Deductions and Losses: Certain Business Expenses and Losses 7. Depreciation, Cost Recovery, Amortization, and Depletion 8. Deductions and Self-Employed Related Expenses 9. Deductions and Losses: Certain Itemized Deductions 10. Passive Activity Losses 11. Tax Credits 12. Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges 13. Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions 14. Alternative Minimum Tax 15. Accounting Periods and Methods 16. Corporations: Introduction, Operating Rules, and Related Corporations 17. Corporations: Organization and Capital Structure 18. Corporations: Distributions Not in Complete Liquidation 19. Corporations: Distributions in Complete Liquidation and an Overview of Corporate Reorganizations 20. Partnerships 21. S Corporations 22. Exempt Entities 23. Multistate Corporate Taxation 24. Taxation of International Transactions 25. Tax Administration and Practice 26. The Federal Gift and Estate Taxes 27. Income Taxation of Trusts and Estates 28. Working with the Tax Law Appendices: A. Tax Rate Schedules and Tables B. Tax Forms C. Glossary of Key Terms D. Table of Code Sections Cited, Table of Regulations Cited, Table of Revenue Procedures and Revenue Rulings Cited E. Comprehensive Tax Return Problems F. Subject Index