Gain an understanding of today's tax concepts and ever-changing laws with the concise, reader-friendly SOUTH-WESTERN FEDERAL TAXATION 2021: ESSENTIALS OF TAXATION: INDIVIDUALS AND BUSINESS ENTITIES, 24E. You master key taxation concepts and applications for success in accounting and taxation. You can also use this resource to prepare for the C.P.A. or Enrolled Agent Exam. This edition examines the most current tax law, from recent tax law changes to complete coverage of the Tax Cuts and Jobs Act of 2017 with related guidance from the Treasury Department. Concise coverage highlights the most important rules and concepts on income, deductions and losses, property transactions, business entities, multi-jurisdictional taxation, as well as taxes on financial statements. Clear examples, summaries and tax scenarios further clarify concepts and sharpen critical-thinking, writing and research skills. Each new book includes instant access to Intuit® ProConnect tax software, Checkpoint® (Student Edition) from Thomson Reuters, CengageNOWv2 online homework solution and MindTap Reader.
Duffy held the stock for 40 days in year 2 before selling the entire 50% interest to an unrelated third party. Duffy's basis for the stock was $10,000. Duffy was a full-time employee of Fox until the stock was sold.
... rate 21.0% 2.7 (12.5) 6.0 17.2% — (7.8) 17.1% Compare and contrast the effective tax rates of these two companies. 10. LO.6, 7 In the current year, Dickinson, Inc., reports an effective tax rate of 36%, Ethics and Equity and Badger, ...
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You can even use this edition to prepare for the C.P.A. exam or Enrolled Agent exam or begin study for a career in tax accounting, financial reporting or auditing.
LO.2 Rex, age 55, is an officer of Blue Company, which provides him with the following nondiscriminatory fringe benefits in 2021: • Hospitalization insurance premiums for Rex and his dependents. The cost of the coverage for Rex is ...
All chapters contain the following general changes for the 2021 Edition : updated materials to reflect changes made by Congress through legislative action (including the tax provisions contained in the Consolidated Appropriations Act of ...
James C. Young, Annette Nellen, William A. Raabe, William H. Hoffman, David M. Maloney ... 29,000 8,700 9,500 3,600 2,500 After all necessary adjustments are made , what is the amount of itemized deductions Evan may claim ?
While this book provides an essential call-to-action for congress and policy makers, it also serves as a vital tool for law enforcement agencies, criminal prosecutors and attorneys, and forensic science educators.
Also included in this edition is coverage on international tax research, an expanded review of tax ethics, and real-life cases to help foster a true understanding of federal tax law.
You learn the unifying concepts behind the Internal Revenue Code rather than memorizing details of the Code. Concepts and applications throughout this edition appear in brief, comprehensible segments that are ideal for your CPA Exam review.