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South-Western Federal Taxation 2022: Comprehensive (with Intuit ProConnect Tax Online & RIA Checkpoint®, 1 term Printed Access Card),
45th Edition

James C. Young, James C. Young, Annette Nellen, Mark Persellin, Andrew D. Cuccia

ISBN-13: 9780357511015 | ISBN-10: 0357511018

Copyright 2022

| Published 2021

| 1540 pages

List Price USD $249.95

Overview

Master today's tax concepts and current tax law with SOUTH-WESTERN FEDERAL TAXATION 2022: COMPREHENSIVE, 45E and accompanying professional tax software. Updates emphasize the most recent tax changes impacting individuals, corporations, partnerships, estates and trusts and financial statements. You examine updates and reforms to 2021 tax laws as well as coverage of the Tax Cuts and Jobs Act of 2017 with related guidance from the treasury department. Recent examples, updated summaries and current tax scenarios clarify concepts and sharpen critical-thinking, writing and research skills. Sample exam questions from Becker C.P.A. Review help you prepare for the current exam. Each new book includes access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters, CNOWv2 online homework tools and MindTap Reader. Use this complete introduction to federal taxes to prepare for the C.P.A. exam or the Enrolled Agent exam, or to further your career in tax accounting, financial reporting or auditing.

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Meet the Authors

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James C. Young, Ph.D., C.P.A., is the PricewaterhouseCoopers Professor of Accountancy at Northern Illinois University. He earned his B.S. from Ferris State University and his M.B.A. and Ph.D. from Michigan State University. Dr. Young's research focuses on taxpayer responses to the income tax using archival data. His dissertation received the PricewaterhouseCoopers/American Taxation Association Dissertation Award and his subsequent research has received funding from a number of organizations, including the Ernst & Young Foundation Tax Research Grant Program. His work has been published in a variety of academic and professional journals, including the National Tax Journal, The Journal of the American Taxation Association and Tax Notes. Honored as a Northern Illinois University Distinguished Professor, Dr. Young received the Illinois C.P.A. Society Outstanding Accounting Educator Award in 2012. In addition, he has received numerous university teaching awards from Northern Illinois University, George Mason University and Michigan State University.

James C. Young, Ph.D., C.P.A., is the PricewaterhouseCoopers Professor of Accountancy at Northern Illinois University. He earned his B.S. from Ferris State University and his M.B.A. and Ph.D. from Michigan State University. Dr. Young's research focuses on taxpayer responses to the income tax using archival data. His dissertation received the PricewaterhouseCoopers/American Taxation Association Dissertation Award and his subsequent research has received funding from a number of organizations, including the Ernst & Young Foundation Tax Research Grant Program. His work has been published in a variety of academic and professional journals, including the National Tax Journal, The Journal of the American Taxation Association and Tax Notes. Honored as a Northern Illinois University Distinguished Professor, Dr. Young received the Illinois C.P.A. Society Outstanding Accounting Educator Award in 2012. In addition, he has received numerous university teaching awards from Northern Illinois University, George Mason University and Michigan State University.

Annette Nellen, C.P.A., C.G.M.A., Esquire, directs San José State University’s graduate tax program (MST) and teaches courses in tax research, tax fundamentals, accounting methods, property transactions, employment tax, ethics and tax policy. Professor Nellen is a graduate of CSU Northridge, Pepperdine (M.B.A.) and Loyola Law School. Prior to joining San José State University (SJSU) in 1990, she worked with a Big 4 firm and the IRS. At SJSU, Professor Nellen has been recognized with the Outstanding Professor and Distinguished Service Awards. She is an active member of the tax sections of the AICPA, American Bar Association and California Lawyers Association. She chaired the AICPA Tax Executive Committee from October 2016 to May 2019. In 2013, she received the AICPA Arthur J. Dixon Memorial Award -- the highest award given by the accounting profession in the area of taxation. Professor Nellen is the author of Bloomberg Tax Portfolio, Amortization of Intangibles. She has published numerous articles in the AICPA Tax Insider, The Tax Adviser, State Tax Notes and The Journal of Accountancy. She has testified before the House Ways & Means and Senate Finance Committees and other committees on federal and state tax reform. Professor Nellen maintains the 21st Century Taxation website and blog (www.21stcenturytaxation.com) as well as websites on tax reform and state tax issues (www.sjsu.edu/people/annette.nellen/).

Mark B. Persellin, Ph.D., C.P.A., C.F.P.®, is a professor of accounting at St. Mary’s University. He earned his B.S. from the University of Arizona, his M.P.A. in taxation from the University of Texas at Austin and his Ph.D. from the University of Houston. Today, Dr. Persellin teaches personal income tax, business income tax and research in federal taxation. Prior to joining St. Mary’s University, Dr. Persellin taught at Florida Atlantic University and Southwest Texas University (Texas State University). He also worked on the tax staff of a Big 4 firm. Dr. Persellin's research has been published in numerous academic and professional journals, including The Journal of American Taxation Association, The Accounting Educators’ Journal, The Tax Adviser, The CPA Journal, Journal of Taxation, Corporate Taxation, The Tax Executive, TAXES – The Tax Magazine, Journal of International Taxation and Practical Tax Strategies. In 2003, Dr. Persellin established the St. Mary’s University Volunteer Income Tax Assistance (VITA) site, and he continues to serve as a trainer and reviewer for the site.

Andrew D. Cuccia, Ph.D., C.P.A., is the Grant Thornton Faculty Fellow and Steed Professor of Accounting at the University of Oklahoma. He is a graduate of Loyola University, New Orleans (B.B.A.) and the University of Florida (Ph.D.). Prior to entering academia, Dr. Cuccia practiced as a C.P.A. at a Big 4 accounting firm. Before joining the University of Oklahoma, he served on the faculties at Louisiana State University and the University of Illinois. His research focuses on taxpayer and tax professional judgment and decision making and has been published in several journals, including The Accounting Review, Journal of Accounting Research, The Journal of the American Taxation Association and Tax Notes. He has taught undergraduate and graduate courses in income tax fundamentals as well as graduate courses in corporate tax, tax policy and tax research. Dr. Cuccia is a past president of the American Taxation Association and is a member of the American Accounting Association, the National Taxation Association and the AICPA.

  • FULLY UPDATED, REVISED CONTENT REFLECTS TODAY'S LATEST TAX CHANGES AND EMERGING DEVELOPMENTS. Up-to-date coverage and extensive revisions detail the most current tax legislation for business taxpayers, as of the time of publication. Revisions reflect 2020 tax law changes and reforms with complete coverage of the Tax Cuts and Jobs Act of 2017.
  • NEW, EXPANDED PRACTICE OPPORTUNITIES AND ADDITIONAL INDEPENDENT STUDY RESOURCES PROVIDE UPDATED TOOLS FOR MASTERING CONCEPTS. This edition's printed and digital resources, including the latest CNOWv2 online tools, work seamlessly to introduce and reinforce the tax skills and mastery of current tax concepts that students need to succeed. Students can even use these print and digital tools to practice and learn independently.
  • CURRENT PROFESSIONAL TAX SOFTWARE AND TOP C.P.A. REVIEW TOOLS PREPARE STUDENTS FOR SUCCESS IN THE TODAY'S BUSINESS WORLD. This edition offers access to and content that corresponds with the most current professional tax software from Intuit® ProConnect. Students also work with invaluable interactive C.P.A. review questions from Becker Professional Education.®
  • NEW TAX FORM PROBLEMS HIGHLIGHT THE LATEST CHALLENGES AND REINFORCE KEY SKILLS. This edition's new and updated problems reflect today's most current challenges in income tax preparation. These new problems also help students refine critical thinking skills, provide focused opportunities for additional practice and broaden your choices for assigning homework.
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. "Big Picture: Tax Solutions for the Real World" scenarios examine lives, careers and tax situations facing typical tax filers. Each "Big Picture" case asks students to develop the best tax solution for a real dilemma. Four examples in the chapter relate to the "Big Picture" tax situation. End-of-chapter "Refocus on the Big Picture" summaries and tax planning scenarios apply chapter concepts to professional solutions. A "What If?" section also demonstrates how tax treatments can vary as the filer's situation changes.
  • MEMORABLE LEARNING VIDEOS HELP STUDENTS ABSORB AND APPLY TAX CONCEPTS. Engaging learning videos with practical applications strengthen your students' comprehension and ensure they understand how to complete end-of-chapter homework successfully.
  • END-OF-CHAPTER COMPUTATIONAL EXERCISES PROVIDE CRITICAL HANDS-ON PRACTICE. Your students gain significant hands-on experience as they work with Computational Exercises in most chapters. These practical exercises encourage students to apply what they've learned while reinforcing the chapter's Learning Objectives.
  • END-OF-CHAPTER C.P.A. REVIEW QUESTIONS FROM BECKER PREPARE STUDENTS FOR SUCCESS ON THE CURRENT C.P.A. EXAM. Students review key concepts using proven questions from Becker Professional Education® -- one of the industry's most effective tools to prepare for the C.P.A. Exam.
  • IN-CHAPTER "EXAMPLES" IMMEDIATELY CLARIFY AND REINFORCE CONCEPTS. This book's unique "Example" presentation uses memorable, clear taxation examples that make it easy for students to read and quickly understand even complex taxation concepts.
  • IN-CHAPTER "EXAMPLES" IMMEDIATELY CLARIFY AND REINFORCE CONCEPTS. This book's unique "Example" presentation uses memorable, clear taxation examples that make it easy for students to read and quickly understand even complex taxation concepts.
  • CNOWv2 ONLINE TOOLS OPTIMIZE LEARNING AND ENGAGEMENT. CNOWv2 digital resources are built around the way today's students learn, study and complete homework. Updated end-of-chapter assignments, "What If" versions of problems, algorithmic problems, detailed feedback, test bank questions, thorough tagging and student video resources create an effective learning environment. An adaptive study plan and an assignable, gradable study center adjust to each student's unique needs, providing a remediation pathway to keep every individual on track.
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. "Big Picture: Tax Solutions for the Real World" scenarios examine lives, careers and tax situations facing typical tax filers. Each "Big Picture" case asks students to develop the best tax solution for a real dilemma. Four examples in the chapter relate to the "Big Picture" tax situation. End-of-chapter "Refocus on the Big Picture" summaries and tax planning scenarios apply chapter concepts to professional solutions. A "What If?" section also demonstrates how tax treatments can vary as the filer's situation changes.
  • PROVEN TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE. Your students gain important practice in working with tax return forms. They refine the specific income taxation skills they need today with the variety of current practice opportunities and independent study resources in CNOWv2.
  • EMPHASIS ON CRITICAL THINKING EQUIPS STUDENTS TO MEET TODAY'S TAX CHALLENGES. This edition's end-of-chapter homework assignments focus on critical thinking to help students develop this and other crucial skills needed in taxation and business today.
  • DIVERSE CHOICE OF LEARNING FEATURES HELPS READERS DEVELOP PROFESSIONAL SKILLS. "Ethics and Equity" features spark critical thinking and discussion as students evaluate their own value systems while reviewing current ethical scenarios. A helpful section in most chapters demonstrates how to apply tax law to reach taxpayer's goals. Tax planning applications also appear throughout each chapter. "Global Tax Issues" illustrate international tax laws and highlight how global concerns impact taxation. In addition, "Decision-Making Problems" help students refine analytical skills.
  • EMPHASIS ON CRITICAL THINKING EQUIPS STUDENTS TO MEET TODAY'S TAX CHALLENGES. This edition's end-of-chapter homework assignments focus on critical thinking to help students develop this and other crucial skills needed in taxation and business today.
  • CUMULATIVE TAX RETURN PROBLEMS CHALLENGE STUDENTS TO APPLY TAX KNOWLEDGE FROM PREVIOUS SECTIONS. Students apply the concepts they've mastered as they complete actual tax forms. Professional tax software from Intuit® ProConnect provides authentic and professional tax preparation experience.

Table of Contents

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PART I: INTRODUCTION AND BASIC TAX MODEL.
1. An Introduction to Taxation and Understanding the Federal Tax Law.
2. Working with the Tax Law.
3. Tax Formula and Tax Determination; An Overview of Property Transactions.
PART II: GROSS INCOME.
4. Gross Income: Concepts and Inclusions.
5. Gross Income: Exclusions.
PART III: DEDUCTIONS AND CREDITS.
6. Deductions and Losses: In General.
7. Deductions and Losses: Certain Business Expenses and Losses.
8. Depreciation, Cost Recovery, Amortization, and Depletion.
9. Deductions: Employee and Self-Employed-Related Expenses.
10. Deductions and Losses: Certain Itemized Deductions.
11. Investor Losses.
12. Tax Credits and Payments.
PART IV: PROPERTY TRANSACTIONS.
13. Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges.
14. Property Transactions: Capital Gains and Losses, Section 1231, and
Recapture Provisions.
PART V: SPECIAL TAX COMPUTATIONS AND ACCOUNTING PERIODS AND METHODS.
15. The Deduction for Qualified Business Income for Noncorporate Taxpayers.
16. Accounting Periods and Methods.
PART VI: CORPORATIONS.
17. Corporations: Introduction and Operating Rules.
18. Corporations: Organization and Capital Structure.
19. Corporations: Distributions Not in Complete Liquidation.
20. Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations.
PART VII: FLOW-THROUGH ENTITIES.
21. Partnerships.
22. S Corporations.
PART VIII: ADVANCE TAX PRACTICE CONSIDERATIONS.
23. Exempt Entities.
24. Multistate Corporate Taxation.
25. Taxation of International Transactions.
26. Tax Practice and Ethics.
PART IX: FAMILY TAX PLANNING.
27. The Federal Gift and Estate Taxes.
28. Income Taxation of Trusts and Estates.
APPENDICES.
Appendix A: Tax Formulas, Tax Rate Schedules, and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: Table of Code Sections Cited.
Appendix E: Present Value and Future Value Tables.
Appendix F: Practice Set Assignments - Comprehensive Tax Return problems.
Index.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

South-Western Federal Taxation 2022: Comprehensive (Book Only)

ISBN13:9780357511022
ISBN10:0357511026

RIA Checkpoint®,for Maloney/Young/Nellen/Persellin's South-Western Federal Taxation 2022: Individual Income Taxes, 1 term Printed Access Card

ISBN13:9780357511114
ISBN10:0357511115

Instructor's Companion Website for Young/Maloney/Nellen/Persellin/Cuccia's South-Western Federal Taxation 2022: Comprehensive

ISBN13:9780357511053
ISBN10:0357511050
Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint® presentations, images, instructor’s manual, videos, and more.

South-Western Federal Taxation 2022, Loose-leaf Version

ISBN13:9780357511046
ISBN10:0357511042

Cengage Testing, powered by Cognero® for Young/Maloney/Nellen/Persellin/Cuccia's South-Western Federal Taxation 2022: Comprehensive, Instant Access

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Cengage Testing, powered by Cognero® is a flexible, online system that allows you to import, edit, and manipulate content from the text’s test bank or elsewhere, including your own favorite test questions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want.

Cengage Testing, powered by Cognero® for Young/Maloney/Nellen/Persellin/Cuccia's South-Western Federal Taxation 2022: Comprehensive

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Solutions Manual (Internal Only) for Young/Maloney/Nellen/Persellin/Cuccia's South-Western Federal Taxation 2022: Comprehensive

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South-Western Federal Taxation 2022

  • ISBN-10: 0357511018
  • ISBN-13: 9780357511015

Price USD$ 249.95

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