9781531014599 (alkaline paper) 1531014593 (alkaline paper) 9781531014605 (e-ISBN)
Understanding series (New York, N.Y.)
Formatted Contents Note
Introduction to federal income tax Gross income concepts and limitations The effect of an obligation to repay Gains derived from dealings in property Gifts, bequests and inheritance Sale of a principal residence Scholarships and prizes Life insurance, annuities, and individual retirement accounts Discharge of indebtedness Compensation for personal physical injury and physical sickness Fringe benefits Business and profit seeking expenses Deduction for qualified business income : Section 199A Capital expenditures Depreciation Losses and bad debts Travel expenses and business meals Educational expenses Dual use property : home offices, vacation homes, and passenger automobiles The interest deduction The deduction for taxes Casualty losses Medical expenses Charitable deductions Limitations on deductions Cash method accounting Accrual method accounting Annual accounting Capital gains and losses Quasi-capital assets : Section 1231 Depreciation recapture Assignment of income and kiddie tax Below-market loans Effect of debt on basis and amount realized Transfers between spouses and incident to divorce Like-kind exchanges of real property Involuntary conversions Installment sales Sale of a business and sale-leasebacks An introduction to original issue discount Limitations on tax shelters The alternative minimum tax.
KF6369.85 .B87 2019
Revision of: Burke, J. Martin. Understanding federal income taxation. Fifth edition. Durham, North Carolina : Carolina Academic Press, 
Durham, North Carolina : Carolina Academic Press,