A Logical Organization that Makes Learning More Efficient

The Taxation of Business Entities volume begins with the process for determining gross income and deductions for businesses, and the tax consequences associated with purchasing assets, property dispositions (sales, trades, or other dispositions). Part II provides a comprehensive overview of entities, and the formation, reorganization and liquidation of corporations. Unique to this series is a complete chapter on FAS 109, which provides a primer on the basics of calculating the income tax provision. Included in the narrative is a discussion of temporary and permanent differences and their impact on a company’s book “effective tax rate.” Part III provides a detailed discussion of flow-through entities and S corporations. The last part of the book covers state and local taxation, multinational taxation, transfer taxes and wealth planning.

Part I: I Business and Investment–Related Transactions

1. Business Income, Deductions, and Accounting Methods

2. Property Acquisition and Cost Recovery

3. Property Dispositions

Part II: Entity Overview and Taxation of C Corporations

4. Entities Overview

5. Corporate Operations

6. FAS 109: Accounting for Income Taxes

7. Corporate Taxation: Nonliquidating Distributions

8. Corporate Formation, Reorganization, and Liquidation

Part III: Multijurisdictional Taxation and Transfer Taxes

9. Forming and Operating Partnerships

10. Dispositions of Partnership Interests and Partnership Distributions

11. S Corporations

Part IV: Specialized Topics

12. State and Local Taxes

13. The U.S. Taxation of Multinational Transactions

14. Transfer Taxes and Wealth Planning