Loading...

South-Western Federal Taxation 2023: Comprehensive (with Intuit ProConnect Tax Online & RIA Checkpoint®),
46th Edition

James C. Young, James C. Young, Mark Persellin, Andrew D. Cuccia, Sharon Lassar, Brad Cripe

ISBN-13: 9780357719688 | ISBN-10: 0357719689

Copyright 2023

| Published 2022

| 1568 pages

List Price USD $274.95

Overview

Master today's most current tax concepts and tax law with SOUTH-WESTERN FEDERAL TAXATION 2023: COMPREHENSIVE, 46E 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 2022 tax laws as well as emerging developments. Recent examples, updated summaries and current tax scenarios clarify concepts and help sharpen critical-thinking, writing and research skills. Sample exam questions from Becker C.P.A. Exam Review also help you prepare. Each new book includes access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters and CNOWv2 online tools. Use this complete introduction to federal taxes to prepare for the C.P.A. exam or the Enrolled Agent exam, or to simply further your career in tax accounting, financial reporting or auditing.

Read More

Meet the Authors

Show More Show Less

James C. Young, Ph.D., C.P.A., is the PricewaterhouseCoopers Professor of Accountancy at Northern Illinois University. He earned his bachelor of science from Ferris State University and his MBA and doctorate from Michigan State University. Dr. Young's research, using archival data, focuses on taxpayer responses to the income tax. 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 bachelor of science from Ferris State University and his MBA and doctorate from Michigan State University. Dr. Young's research, using archival data, focuses on taxpayer responses to the income tax. 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.

Mark B. Persellin, Ph.D., C.P.A., C.F.P.®, is the Ray and Dorothy Berend Professor of Accounting at St. Mary’s University. He earned his bachelor’s degree from the University of Arizona, his Master of Public Administration in taxation from the University of Texas at Austin and his doctorate 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 Four 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 Steed Professor of Accounting at the University of Oklahoma. He earned his Bachelor of Business Administration from Loyola University, New Orleans, and his doctorate from the University of Florida. Prior to entering academia, Dr. Cuccia practiced as a C.P.A. at a Big Four 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, The Journal of Economic Psychology, 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 and the AICPA.

Sharon Lassar, Ph.D., C.P.A., is the John J. Gilbert Professor and director of the School of Accountancy at The University of Denver. Dr. Lassar earned her doctorate at the University of Southern California, her M.S.T. at Bentley University and her B.S.B.A. from West Virginia University. Prior to joining the University of Denver, Dr. Lassar was the director of the School of Accounting at Florida International University. She also previously served on the faculties of Florida Atlantic University and the University of Arizona. Dr. Lassar began her career with a Big Four firm and has served the profession in many ways, most recently as a member of AICPA Council. Dr. Lassar is a past president of the Accounting Programs Leadership Group and past chair of the Colorado Society of C.P.A.s. Dr. Lassar also served on the Accounting Accreditation Task Force of AACSB International, whose work resulted in new standards for accreditation that fully engage practitioners in the accreditation process.

Brad Cripe, Ph.D., C.P.A., is a presidential teaching professor and the Donald E. Kieso Endowed Chair of Accountancy at Northern Illinois University. Dr. Cripe earned a bachelor's degree in economics, a Bachelor of Criminal Justice, and a Master of Accountancy from New Mexico State University. He also received his doctorate from the University of Nebraska. Dr. Cripe worked for KPMG in Texas and has taught taxation of business entities and individuals, tax strategy, corporate taxation, and advanced issues in taxation to undergraduate and graduate students. In addition to teaching, Dr. Cripe has published in The Accounting Review, Issues in Accounting Education, Journal of Accountancy, Tax Notes and other academic and practitioner journals. His research investigates issues that make a difference in how professionals use (or should use) information at their disposal to make tax compliance decisions and how financial statements are affected by audit quality and recent FASB reporting changes.

  • UPDATED AND EXPANDED PRACTICE AND INDEPENDENT STUDY RESOURCES GUIDE STUDENTS IN MASTERING CONCEPTS. This edition's printed and digital resources, including the latest CNOWv2 online tools, work together seamlessly to introduce and reinforce today's tax skills. Students use the printed book and digital tools either independently or as part of the classroom experience as they master current tax concepts.
  • THE LATEST CONTENT AND THOROUGH UPDATES CLEARLY DEMONSTRATE TODAY'S MOST RECENT 2022 TAX CHANGES AND EMERGING DEVELOPMENTS. Up-to-date coverage and reliable, detailed revisions clearly present the most current tax legislation for business taxpayers, as of the time of publication. All revisions reflect today's latest 2022 tax law changes and reforms.
  • CURRENT PROFESSIONAL TAX SOFTWARE AND LEADING C.P.A. REVIEW TOOLS STRENGTHEN STUDENTS' BUSINESS AND TAXATION SKILLS. This edition offers access to current, professional tax software from Intuit® ProConnect. Updated content throughout the text corresponds with the software and gives students hands-on practice using this invaluable tool. Your students also refine their knowledge using the latest interactive C.P.A. review questions from Becker Professional Education®.
  • 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. Students also work with genuine professional tax software from Intuit® ProConnect to gain authentic, professional tax preparation experience.
  • EMPHASIS ON CRITICAL THINKING EQUIPS STUDENTS TO MEET TODAY'S CURRENT TAX CHALLENGES. Updated and revised end-of-chapter homework assignments throughout this edition focus on critical thinking to help students develop this and other crucial skills needed for success in taxation and business today.
  • NUMEROUS PROVEN LEARNING FEATURES HELP READERS STRENGTHEN PROFESSIONAL SKILLS. "Ethics and Equity" features spark critical thinking and discussion as students evaluate their own value systems while reviewing current ethical scenarios. Most chapters offer a helpful section that demonstrates how to apply tax laws 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.
  • ENGAGING, CURRENT LEARNING VIDEOS HELP STUDENTS ABSORB AND APPLY TAX CONCEPTS. This edition's memorable learning videos correspond with practical applications to strengthen your students' comprehension and ensure they understand how to complete end-of-chapter homework successfully.
  • IN-CHAPTER EXAMPLES EFFECTIVELY CLARIFY AND REINFORCE CONCEPTS. This edition's unique presentation integrates memorable, clear taxation examples throughout. These notable examples, woven into the book's printed and digital tools, make it easy for students to read and quickly understand even complex taxation concepts.
  • PROVEN TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE. Your students gain important practice in working with the most current tax return forms. Students further refine the specific income taxation skills they need today with the wealth of current and varied practice opportunities and independent study resources in CNOWv2.
  • 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 and relevant questions from Becker Professional Education® -- one of the industry's most effective tools in preparing for the C.P.A. Exam.
  • CNOWV2 ONLINE LEARNING PLATFORM OPTIMIZES LEARNING AND STUDENT 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, and clearly identified 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 the individual learner on track.
  • UPDATED END-OF-CHAPTER COMPUTATIONAL EXERCISES PROVIDE CRITICAL HANDS-ON PRACTICE. Your students gain important 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 each chapter's specific Learning Objectives.
  • PRACTICAL TAX SCENARIOS OPEN 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 vary when the filer's situation changes.

Table of Contents

Show More Show Less
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. Computing the Tax.
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.
Appendix A: Tax Rate Schedules, Tax Formulas, and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: IRC citations.
Appendix E: PV/FV tables.
Appendix F: Comprehensive Tax Return problems.
Index.
Online Appendices.
Depreciation and the Accelerated Cost Recovery System (ACRS).
Affordable Care Act Provisions.

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.

Cengage Testing, powered by Cognero® for Young/Nellen/Maloney/Persellin/Cuccia/Lassar/Cripe's South-Western Federal Taxation 2023: Comprehensive

ISBN13:9780357719770
ISBN10:0357719778

Cengage Testing, powered by Cognero® for Young/Nellen/Maloney/Persellin/Cuccia/Lassar/Cripe's South-Western Federal Taxation 2023: Comprehensive, Instant Access

ISBN13:9780357719763
ISBN10:035771976X
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.

Solutions Manual (Internal Only) for Young/Nellen/Maloney/Persellin/Cuccia/Lassar/Cripe's South-Western Federal Taxation 2023: Comprehensive

ISBN13:9780357719787
ISBN10:0357719786

Instructor's Companion Website for Young/Nellen/Maloney/Persellin/Cuccia/Lassar/Cripe's South-Western Federal Taxation 2023: Comprehensive

ISBN13:9780357719725
ISBN10:0357719727
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. Access and download materials such as PowerPoint® presentations, the instructor's manual, and more.

Compare Buying Options

Show More Show Less

Pricing Options

South-Western Federal Taxation 2023

  • ISBN-10: 0357719689
  • ISBN-13: 9780357719688

Price USD$ 274.95

Buy

*Purchase not available for this country