South-Western Federal Taxation 2022: Corporations, Partnerships, Estates and Trusts (Intuit ProConnect Tax Online & RIA Checkpoint®, 1 term Printed Access Card),
45th Edition

William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman, Jr., David M. Maloney

ISBN-13: 9780357519240 | ISBN-10: 0357519248

Copyright 2022

| Published 2021

| 1024 pages

List Price USD $274.95


Master the latest tax law and recent changes impacting corporations, partnerships, estates and trusts and financial statements with SOUTH-WESTERN FEDERAL TAXATION 2022: CORPORATIONS, PARTNERSHIPS, ESTATES & TRUSTS, 45E and accompanying professional tax software. This reader-friendly presentation emphasizes the most recent tax changes and 2021 developments with coverage of the Tax Cuts and Jobs Act of 2017 and related guidance from the treasury department. Recent examples, updated summaries and current tax scenarios clarify concepts and help sharpen critical-thinking, writing and research skills, while sample questions from Becker C.P.A. Review help you study. Each new book includes access to Intuit® ProConnect tax software and Checkpoint® (Student Edition) from Thomson Reuters as well as CNOWv2 online homework tools. Use these resources to prepare for the C.P.A. exam or Enrolled Agent exam or to launch a career in tax accounting, financial reporting or auditing.

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Meet the Authors

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William A. Raabe, Ph.D., C.P.A., was the University of Wisconsin Distinguished Professor of Taxation. He taught at Ohio State, Arizona State, the Capital University (Ohio) Law School and the Universities of Wisconsin – Milwaukee and Whitewater. A graduate of Carroll University (Wisconsin) and the University of Illinois, Dr. Raabe’s teaching and research interests have included international and multistate taxation, technology in tax education, personal financial planning and the economic impact of sports teams and fine arts groups. Dr. Raabe has also written the PricewaterhouseCoopers Tax Case Studies and has written extensively about book-tax differences in financial reporting. Dr. Raabe has served as a visiting tax faculty member for a number of public accounting firms, bar associations and C.P.A. societies. He has received numerous teaching awards, including the Accounting Educator of the Year award from the Wisconsin Institute of C.P.A.s. He has been the faculty adviser for student teams in the Deloitte Tax Case Competition (coaching national finalists at three different schools) as well as the PricewaterhouseCoopers Extreme Tax policy competition (coaching a national finalist).

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 (M.S.T.) 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 Four 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/).

Dr. William H. Hoffman, Jr., earned his B.A. and J.D. degrees from the University of Michigan before serving in the Korean War as an officer in the U.S. Army’s Judge Advocate General Corps. Following his return from military service, he completed his M.B.A. and Ph.D. degrees from The University of Texas at Austin. Dr. Hoffman was a licensed C.P.A. and attorney in Texas. Recognized for his teaching excellence, Dr. Hoffman's academic experience included working with The University of Texas, Louisiana State University and the University of Houston. During his time in Houston, Dr. Hoffman served as a professor, mentor and doctoral adviser to countless students and colleagues. Between 1977 and 1980, he established what is now the SOUTH-WESTERN FEDERAL TAXATION SERIES. A frequently requested professional speaker, Dr. Hoffman addressed many tax institutes and conferences and published extensively in academic and professional journals. His articles have appeared 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, Ph.D., C.P.A., is the Carman G. Blough Professor of Accounting Emeritus at the University of Virginia’s McIntire School of Commerce. He completed his undergraduate work at the University of Richmond and his graduate work at the University of Illinois at Urbana-Champaign. Upon joining the University of Virginia faculty, Dr. Maloney taught federal taxation in the graduate and undergraduate programs and was a recipient of major research grants from the Ernst & Young and KPMG Foundations. Dr. Maloney has published work in numerous professional journals, including Journal of Taxation, The Tax Adviser, Tax Notes, Corporate Taxation, Accounting Horizons, Journal of Taxation of Investments and Journal of Accountancy.

  • 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 corporations and business taxpayers, as of the time of publication. Revisions reflect 2021 tax law changes and complete coverage of the Tax Cuts and Jobs Act of 2017.
  • 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 corporate and estate 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.
  • 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 corporate tax concepts that students need to succeed. Students can even use these print and digital tools to practice and learn independently.
  • PROVEN TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE. Your students gain important practice in working with tax forms. They refine the specific corporate and business taxation skills they need today with a variety of current practice opportunities and independent study resources in CNOWv2.
  • MEMORABLE LEARNING VIDEOS HELP STUDENTS ABSORB AND APPLY CORPORATE TAX CONCEPTS. Engaging learning videos with practical applications strengthen your students' comprehension and ensure they understand how to complete end-of-chapter homework successfully.
  • CURRENT PROFESSIONAL TAX SOFTWARE AND TOP C.P.A. REVIEW TOOLS PREPARE STUDENTS FOR SUCCESS IN WORKING WITH TAXES. 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.®
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. "Big Picture: Tax Solutions for the Real World" scenarios examine typical tax situations for corporations, partnerships and trusts. 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 business situation changes.
  • 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.
  • EMPHASIS ON CRITICAL THINKING EQUIPS STUDENTS TO MEET TODAY'S CORPORATE AND ESTATE 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 dealing with current tax issues for corporations, partnerships, estates and trusts.
  • ADDITIONAL PRACTICE OPPORTUNITIES AND INDEPENDENT STUDY RESOURCES PROVIDE TOOLS FOR MASTERING CORPORATE TAXATION CONCEPTS. This edition's printed and digital resources, including 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.
  • 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 corporate and estate taxation concepts.
  • 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.
  • 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 an authentic and professional tax preparation experience.
  • 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 corporate and estate taxation concepts.
  • 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 business 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.
  • 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.
  • CURRENT PROFESSIONAL TAX SOFTWARE PREPARES STUDENTS FOR REAL WORK IN TODAY'S CORPORATE TAX ENVIRONMENT. Students gain experience using professional software from Intuit® ProConnect. They also interact with C.P.A. review questions from Becker Professional Education® -- one of today's top C.P.A. review tools -- as they prepare for success.

Table of Contents

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1. Understanding and Working with the Federal Tax Law.
2. The Deduction for Qualified Business Income for Noncorporate Taxpayers.
3. Corporations: Introduction and Operating Rules.
4. Corporations: Organization and Capital Structure.
5. Corporations: Earnings & Profits and Dividend Distributions.
6. Corporations: Redemptions and Liquidations.
7. Corporations: Reorganizations.
8. Consolidated Tax Returns.
9. Taxation of International Transactions.
10. Partnerships: Formation, Operation, and Basis.
11. Partnerships: Distributions, Transfer of Interests, and Terminations.
12. S Corporations.
13. Comparative Forms of Doing Business.
14. Taxes in the Financial Statements.
15. Exempt Entities.
16. Multistate Corporate Taxation.
17. Tax Practice and Ethics.
18. The Federal Gift and Estate Taxes.
19. Family Tax Planning.
20. Income Taxation of Trusts and Estates.
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.

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.

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South-Western Federal Taxation 2022

  • ISBN-10: 0357519248
  • ISBN-13: 9780357519240

Price USD$ 274.95


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