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South-Western Federal Taxation 2022: Essentials of Taxation: Individuals and Business Entities (Intuit ProConnect Tax Online & RIA Checkpoint®, 1 term Printed Access Card),
25th Edition

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

ISBN-13: 9780357519431 | ISBN-10: 0357519434

Copyright 2022

| Published 2021

| 992 pages

List Price USD $249.95

Overview

Master today's tax concepts and current tax law with SOUTH-WESTERN FEDERAL TAXATION 2022: ESSENTIALS OF TAXATION: INDIVIDUALS AND BUSINESS ENTITIES, 25E and accompanying professional tax software. This concise guide focuses on the most recent tax laws impacting individuals, corporations, partnerships, estates, trusts and financial statements. Updates emphasize the latest tax changes and 2021 developments, including coverage of the Tax Cuts and Jobs Act of 2017 with guidance from the treasury department. Recent examples, updated summaries and tax scenarios clarify concepts and sharpen critical-thinking, writing and research skills, while sample questions from Becker C.P.A. Review assist in study. Each new book includes access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters and CNOWv2 online homework tools. Use these resources to prepare for professional exams or to begin study for a career in tax accounting, financial reporting or auditing.

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Meet the Authors

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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/).

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.

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.

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.

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 individual 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 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 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 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 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.
  • 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.
  • 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.
  • 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 a variety of current practice opportunities and independent study resources in CNOWv2.
  • 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 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.
  • 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.
  • 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.
  • 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.

Table of Contents

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PART I: THE WORLD OF TAXATION.
1. Introduction to Taxation.
2. Working with the Tax Law.
3. Taxes in the Financial Statements.
Part II: STRUCTURE OF THE FEDERAL INCOME TAX.
4. Gross Income.
5. Business Deductions.
6. Losses and Loss Limitations.
PART III: PROPERTY TRANSACTIONS.
7. Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges.
8. Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions.
PART IV: TAXATION OF INDIVIDUALS.
9. Individuals as Taxpayers.
10. Individuals: Income, Deductions, and Credits.
11. Individuals as Employees and Proprietors.
PART V: BUSINESS ENTITIES.
12. Corporations: Organization, Capital Structure, and Operating Rules.
13. Corporations: Earnings & Profits and Distributions.
14. Partnerships and Limited Liability Entities.
15. S Corporations.
PART VI: CORPORATIONS.
16. Multijurisdictional Taxation.
17. Business Tax Credits and the Alternative Minimum Tax.
18. Comparative Forms of Doing Business.
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.
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: Essentials of Taxation: Individuals and Business Entities (Book only)

ISBN13:9780357519448
ISBN10:0357519442
South-Western Federal Taxation 2022: Essentials of Taxation: Individuals and Business Entities

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South-Western Federal Taxation 2022

  • ISBN-10: 0357519434
  • ISBN-13: 9780357519431

Price USD$ 249.95

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