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

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

ISBN-13: 9781337703017 | ISBN-10: 133770301x

Copyright 2019

| Published 2018

| 1536 pages

List Price USD $249.95


Master complex tax concepts and gain a thorough understanding of today’s tax legislation with SOUTH-WESTERN FEDERAL TAXATION 2019: COMPREHENSIVE VOLUME, 42E. This complete, understandable book offers the most effective solution for comprehending individual taxation, C corporations, taxes on financial statements, and flow-through entities. You'll find the latest tax legislation for both individual taxpayers and corporations, as of the time of publication. Exceptional learning features, such as "Big Picture" examples, memorable tax scenarios, and "What If?" case variations clarify concepts. You also sharpen critical-thinking, writing and online research skills that are key to success as a tax practitioner. Each new book includes access to Intuit ProConnect tax software, Checkpoint® by Thomson Reuters (student edition) and CNOWv2 online homework solution for complete tax coverage, including the Tax Cuts and Jobs Act of 2017.

Read More

Meet the Authors

Show More Show Less

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.

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.

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.

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.

  • MORE PRACTICE OPPORTUNITIES AND INDEPENDENT STUDY RESOURCES IN CNOWv2 ADD MORE VALUE THAN EVER BEFORE. This edition's text and CNOWv2 work seamlessly to help you ensure that your students have the tax skills and thorough understanding of tax concept that they need to succeed.
  • NEW PROFESSIONAL TAX SOFTWARE AND TOP CPA REVIEW TOOLS PREPARE STUDENTS FOR THE PROFESSIONAL TAX WORLD. This edition offers professional tax software from Intuit® ProConnect and CPA review questions from Becker.
  • NEW TAX FORM PROBLEMS HIGHLIGHT KEY SKILLS AND CONTEMPORARY CHALLENGES. This edition's new problems emphasize critical thinking while improving homework options and providing focused opportunities for additional practice.
  • NEW VIDEOS HELP STUDENTS GRASP AND APPLY CONCEPTS. Videos strengthen understanding while clarifying solutions to end-of-chapter homework.
  • CUMULATIVE TAX RETURN PROBLEMS CHALLENGE STUDENTS TO APPLY KNOWLEDGE. Students apply the concepts they've mastered as they complete actual tax forms. Tax software from Intuit® ProConnect provides an authentic and professional experience.
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. The "Big Picture: Tax Solutions for the Real World" examines the 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. In addition, 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" DESIGN CLARIFIES AND REINFORCES CONCEPTS. This book's unique "Example" design uses memorable, clear taxation examples that make it easy for students to read and quickly understand even the most complex concepts.
  • AN EMPHASIS ON CRITICAL THINKING EQUIPS STUDENTS WITH IMPORTANT BUSINESS SKILLS. This edition's end-of-chapter homework assignments focus on critical thinking to help students develop this and other crucial skills needed in taxation.
  • END-OF-CHAPTER BECKER CPA REVIEW QUESTIONS FOR SELECTED CHAPTERS PREPARE YOUR STUDENTS FOR SUCCESS ON THE CPA EXAM. Students review key taxation concepts using questions from the Becker -- one of the industry's most effective tools to prepare for the today’s CPA Exam.
  • CNOWv2 OPTIMIZES STUDENT LEARNING AND PRODUCES DESIRED OUTCOMES. CNOWv2 is built around the way today’s students learn, study and complete homework and is designed to help students succeed in your course. This online resource includes end-of-chapter homework from the text, "What If" versions of problems, algorithmic problems, detailed feedback, test bank questions, an adaptive study plan and superior tagging to create an effective learning environment.
  • PROVEN TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE WITHIN CNOWv2. Guide your students in mastering the specific taxation skills they need to succeed in today's business world. Filled with a variety of practice opportunities and independent study resources, this edition's CNOWv2 has the online resources for your classroom and the business world beyond.
  • 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" illustrate tax laws across the globe and highlight how international concerns impact taxation. In addition, Decision-Making Problems help students develop decision-making and analytical skills.
  • END-OF-CHAPTER COMPUTATIONAL EXERCISES PROVIDE ESSENTIAL PRACTICE. Your students gain critical hands-on experience and practice with Computational Exercises in most chapters. These exercises directly reinforce the chapter's Learning Objectives.

Table of Contents

Show More Show Less
1. An Introduction to Taxation and Understanding the Federal Tax Law.
2. Working with the Tax Law.
3. Tax Determination; Personal and Dependency Exemptions; An Overview of Property Transactions.
4. Gross Income: Concepts and Inclusions.
5. Gross 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. Tax Credits and Payments.
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.
15. Taxing Business Income.
16. Accounting Periods and Methods.
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.
21. Partnerships.
22. S Corporations.
23. Exempt Entities.
24. Multistate Corporate Taxation.
25. Taxation of International Transactions.
26. Tax Practice and Ethics.
27. The Federal Gift and Estate Taxes.
28. Income Taxation of Trusts and Estates.
Appendix A: Tax Rate Schedules and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary of Tax Terms.
Appendix D: Table of Code Sections Cited, Table of Regulations Cited,
Table of Revenue Procedures and Revenue Rulings Cited.
Appendix E: Comprehensive Tax Return Problems.
Appendix F: Tax Formulas.
Appendix G: Present Value and Future Values 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: Comprehensive (Book Only)


Instructor's Companion Website for Maloney/Raabe/Hoffman/Young 's South-Western Federal Taxation 2019: Comprehensive, 42nd

All instructor resources for SOUTH-WESTERN FEDERAL TAXATION 2019: COMPREHENSIVE are available online through the password-protected Instructor Companion Website. Resources available at your fingertips include the Solutions Manual, Test Bank, Instructor's Guide and Instructor PowerPoint® Lectures.

Cengage Testing, powered by Cognero® for Maloney/Raabe/Hoffman/Young's South-Western Federal Taxation 2019: Comprehensive


Solutions Manual (Internal Only) for Maloney/Raabe/Hoffman/Young's South-Western Federal Taxation 2019: Comprehensive, 42nd


Instructor's Manual (Internal Only) for Maloney/Raabe/Hoffman/Young's South-Western Federal Taxation 2019: Comprehensive


Cengage Testing, powered by Cognero® for Maloney/Raabe/Hoffman/Young's South-Western Federal Taxation 2019: Comprehensive, Instant Access

Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to author, edit, and manage test bank content from multiple Cengage Learning solutions. Create multiple test versions in an instant and deliver tests from your learning management system, your classroom, or wherever you want.

Compare Buying Options

Show More Show Less

Pricing Options

South-Western Federal Taxation 2019

  • ISBN-10: 133770301x
  • ISBN-13: 9781337703017

Price USD$ 249.95


*Purchase not available for this country