Understanding Federal Income Taxation
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Understanding Federal Income Taxation
By J. Martin Burke, Michael K. FrielExample: Casey paid $25,000 for a piece of equipment for use in his business. Three years after he purchased the equipment, changes in the technology rendered the piece of equipment obsolete. At the time, Casey's adjusted basis in the ...
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Understanding Federal Income Taxation
By J. Martin Burke & Michael K. FrielIn Webb v. Commissioner,23 the Tax Court applied the section to deny alimony characterization to a cash payment the taxpayer made to his ex-wife pursuant to the terms of their separation agreement. Under that agreement, the taxpayer ...
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Understanding Federal Income Taxation
By J. Martin Burke, Michael K. FrielCompare Revenue Ruling 79-174 with Maher v. Commissioner.17 Maher involved the death of ornamental palm trees following their infection by insects with lethal yellowing, a disease that kills palm trees in an average of 9 to 10 months.
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Understanding Federal Income Taxation
By J. Martin Burke, Michael K. FrielThe sixth edition of Understanding Federal Income Taxation is a guide for students studying federal individual income taxation.
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Understanding Federal Income Taxation
By Michael Friel, J. MARTIN. BURKEThe seventh edition of Understanding Federal Income Taxation is a guide for students studying federal individual income taxation.