In this well-rounded and student-friendly casebook, theory and policy discussions are threaded throughout the text material, which provides the basis for dealing with the problems and questions that now appear at the end of the section or subsection to which they relate. This Fourth Edition maintains the overall approach and feel of the Third Edition. It also: • remains problem oriented; • begins with an overview laying out the tax system's basic features and introducing students to fundamental principles and policies; • continues to address the differences between income and consumption taxation early in the book so that students can follow this theme throughout; • discusses the competing views of a normative income tax base: the Schanz-Haig-Simons approach and ability-to-pay realization approach; • provides broad coverage of the federal income tax as it exists and does so in a coherent, structure-based way that facilitates student learning; and • converts many of the questions from the Third Edition into notes and problems that are easier to engage, and simplifies the examples.
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Federal Income Tax: Doctrine, Structure, and Policy : Text, Cases, Problems
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This problem set is designed to accompany the law school casebook, Federal Income Taxation of Corporations, 2d. However, the problems can be used with any text on this subject. The...
This book deals with the federal income tax as it bears on gratuitous transfers and with the federal wealth transfer taxes.
Current law, however, generally taxes the third acquisition pattern—a corporate stock sale—more favorably than the other two. If the corporation acquiring the stock of the target makes a section 338(g) election, then the consequences ...