South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint® 1 term (6 months) Printed Access Card),
42nd Edition

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

ISBN-13: 9781337702546 | ISBN-10: 1337702544

Copyright 2019

| Published 2018

| 1120 pages

List Price USD $249.95


Gain an understanding of individual income tax concepts and ever-changing tax legislation with SOUTH-WESTERN FEDERAL TAXATION 2019: INDIVIDUAL INCOME TAXES, 42E. This reader-friendly presentation provides the most effective solution to help you master individual taxation. You examine the most current tax legislation for individual taxpayers at the time of publication. Clear examples, more summaries and meaningful tax scenarios clarify concepts and sharpen your critical-thinking, writing and research skills. The book's framework effectively demonstrates how topics relate to one another and to the 1040 form. Each new book includes instant access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters, and CNOWv2 optional online homework solution. Trust this edition for the most thorough coverage of individual income taxation available today, including the Tax Cuts and Jobs Act of 2017.

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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.

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.

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 include international and multistate taxation, technology in tax education, personal financial planning and the economic impact of sports teams and fine arts groups. Dr. Raabe also writes the PricewaterhouseCoopers Tax Case Studies. He 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) and the PricewaterhouseCoopers Extreme Tax policy competition (coaching a national finalist). For more information about Dr. Raabe, visit BillRaabeTax. com and BillRaabeTax on YouTube and Twitter.

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.

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/).

  • THIS EDITION AND ACCOMPANYING SOFTWARE OFFER MORE PRACTICE OPPORTUNITIES AND INDEPENDENT STUDY RESOURCES THAN EVER BEFORE. Digital and printed solutions, including leading resources such as CNOWv2, help you ensure students have the tax skills and thorough understanding they need to succeed.
  • NEW LEARNING VIDEOS HELP STUDENTS GRASP CONCEPTS AND CLARIFY SOLUTIONS. Helpful video explanations ensure students understand how to complete end-of-chapter homework items successfully.
  • NEW PROFESSIONAL TAX SOFTWARE PREPARE STUDENTS FOR WORK IN TODAY'S TAX WORLD. Students work with software from Intuit® ProConnect and answer CPA review questions from Becker as they prepare for success.
  • REAL-WORLD FEATURES HELP STUDENTS UNDERSTAND TODAY'S TAX ENVIRONMENT AND ITS UNIQUE CHALLENGES. Drawn from today's business and popular press, the "Taxation in the Real World Blog" features articles that enliven class discussions by presenting current issues that illustrate the chapter material and apply them to real life.
  • "FRAMEWORK 1040" HELPS STUDENTS NAVIGATE CRITICAL TOPICS. The book's unique framework demonstrates how tax concepts are organized. The "Framework 1040" uses the Income Tax Formula for Individuals to help students organize their understanding of each chapter's concepts and see how the topics they have learned relate to the basic tax formula. Students understand where various items are reported on Form 1040.
  • CNOWv2 OPTIMIZES STUDENT LEARNING AND PRODUCES DESIRED OUTCOMES. CNOWv2 is built around the way students learn, study and complete homework. End-of-chapter homework from the text, "What If" versions of problems, algorithmic problems, detailed feedback, test bank questions, superior tagging, and student video resources create an effective learning environment. An Adaptive Study Plan and an assignable, gradable study center adjusts to each student's unique needs, providing a remediation pathway to keep every learner on track.
  • END-OF-CHAPTER HOMEWORK EMPHASIZES CRITICAL THINKING. Proven exercises help students develop crucial skills taxation they need.
  • PROVEN LEARNING FEATURES HELP STUDENTS DEVELOP PROFESSIONAL SKILLS. "Ethics and Equity" features spark critical thinking and discussion as students evaluate their own value systems while reviewing ethical scenarios. A separate section in most chapters details how to apply the tax law to reach taxpayer's goals. Tax planning applications also appear throughout each chapter. "Global Tax Issues" highlight how taxation is affected by international concerns while illustrating tax laws across the globe. Students develop decision-making and analytical skills with Decision-Making Problems.
  • END-OF-CHAPTER CPA REVIEW QUESTIONS FROM BECKER PREPARE STUDENTS FOR SUCCESS. Students review key concepts using proven questions from Becker Professional Education®-- one of the industry's most effective tools to prepare for the CPA Exam.
  • TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE WITHIN CNOWv2. With even more practice opportunities and independent study resources, this edition's CNOWv2 online resources helps guide your students in mastering the specific taxation skills they need to succeed.
  • CUMULATIVE TAX RETURN PROBLEMS CHALLENGE STUDENTS TO APPLY KNOWLEDGE. Student refine professional-level skills as they complete real tax forms. Tax software from Intuit® ProConnect provides an authentic and professional experience.
  • END-OF-CHAPTER COMPUTATIONAL EXERCISES PROVIDE ESSENTIAL PRACTICE. Students gain critical hands-on experience and practice with the detailed Computational Exercises in most chapters. This focused practice corresponds directly to the chapter's key Learning Objectives.
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. The "Big Picture: Tax Solutions for the Real World" examines lives, careers and tax situations of typical individual filers. Each Big Picture case asks students to develop the best tax solution for these real-life dilemmas. 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 demonstrates how tax treatments can vary as the filer's situation changes.
  • IN-CHAPTER "EXAMPLE" PRESENTATION IMMEDIATELY CLARIFIES AND REINFORCES CONCEPTS. This book's unique "Example" design makes it easy for students to read and quickly understand the concepts.

Table of Contents

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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.
4. Gross Income: Concepts and Inclusions.
5. Cross Income: Exclusions.
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. Alternative Minimum Tax.
13. Tax Credits and Payment Procedures.
14. Property Transactions: Determination of Gain or Loss and Basic Considerations.
15. Property Transactions: Nontaxable Exchanges.
16. Property Transactions: Capital Gains and Losses.
17. Property Transactions: Section 1231 and Recapture Provisions.
18. Accounting Periods and Methods.
19. Deferred Compensation.
20. Corporations and Partnerships.
Appendix A: Tax Rate Schedules and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: Table of Code Sections Cited, Table of Regulations Cited,Table of Revenue Procedures and Revenue Rulings Cited.
Appendix E: Practice Set Assignments--Comprehensive Tax Return Problems.
Appendix F: Table of Cases Cited.
Appendix G: Depreciation (online only)
Appendix H: Tax Formulas.
Appendix I: Present Value & 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.

South-Western Federal Taxation 2019: Individual Income Taxes (Book Only)


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South-Western Federal Taxation 2019

  • ISBN-10: 1337702544
  • ISBN-13: 9781337702546

Price USD$ 249.95


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