Synopses & Reviews
Principles of Taxation for Business and Investment Planning, by Jones and Rhoades-Catanach, is a different approach to the study of taxation than the traditional tax return preparation approach. This book teaches students to recognize the role taxes play in business and investment decisions. In addition, the book presents the general role of taxation and its implications across all taxpaying entities before discussing the details relevant to specific entities. This approach allows students to really grasp the fundamental concepts that are the foundation for specific tax rules. The benefit is that the students will understand the framework of the tax system, even though specific tax rules and regulations change from year to year.
About the Author
Sally Jones received her Ph.D. at the University of Houston. She taught at the University of Texas at Austin for 14 years before going to Virginia in 1992. She is currently the department chair of Accounting at Virginia.
Table of Contents
Part One Exploring the Tax Environment
1 Types of Taxes and the Jurisdictions That Use Them
2 Tax Policy Issues: Standards for a Good Tax
Part Two Fundamentals of Tax Planning
3 Taxes as Transaction Costs
4 Maxims of Income Tax Planning
5 Tax Research
Part Three The Measurement of Taxable Income
6 Taxable Income from Business Operations
7 Property Acquisitions and Cost Recovery Deductions
8 Property Dispositions
9 Nontaxable Exchanges
Part Four The Taxation of Business Income
10 Sole Proprietorships, Partnerships, LLCs, and S Corporations
11 The Corporate Taxpayer
12 The Choice of Business Entity
13 Jurisdictional Issues in Business Taxation
Part Five The Individual Taxpayer
14 The Individual Tax Formula
15 Compensation and Retirement Planning
16 Investment and Personal Financial Planning
17 Tax Consequences of Personal Activities
Part Six The Tax Compliance Process
18 The Tax Compliance Process
Appendix A Present Value of $1
Appendix B Present Value of Annuity of $1
Appendix C 2009 Income Tax Rates