Overview

Master the concepts behind today's federal taxation using the balanced, conceptual approach in Murphy/Higgins/Skalberg's CONCEPTS IN FEDERAL TAXATION 2021. You examine the latest tax codes and most recent changes for the current tax year in a clear, straightforward approach that prepares you for success on the CPA Exam. You learn the unifying concepts behind the Internal Revenue Code rather than memorizing details of the Code. Concepts and applications appear in brief, comprehensible segments that are ideal for CPA Exam review. In addition, examples relate concepts to familiar business scenarios with more opportunities for practice than any other book of this kind. CNOWv2 online homework tool helps optimizes study. Intuit (R) ProConnect software and RIA Checkpoint (R) Student Edition from Thomson Reuters also provide practice working with professional tax tools as you strengthen your understanding of taxation.

Full Product Details

Author:   Kevin Murphy (Oklahoma State University) ,  Randy Skalberg (University of Minnesota Duluth) ,  Mark Higgins (St. Louis University)
Publisher:   Cengage Learning, Inc
Imprint:   South-Western College Publishing
Edition:   28th edition
Dimensions:   Width: 21.50cm , Height: 3.80cm , Length: 27.60cm
Weight:   2.041kg
ISBN:  

9780357141212

ISBN 10:   0357141210
Pages:   936
Publication Date:   16 July 2020
Audience:   College/higher education ,  Tertiary & Higher Education
Replaced By:   9780357515785
Format:   Mixed media product
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Part I: CONCEPTUAL FOUNDATIONS OF THE TAX LAW. 1. Federal Income Taxation-An Overview. 2. Income Tax Concepts. Part II: GROSS INCOME. 3. Income Sources. 4. Income Exclusions. Part III: DEDUCTIONS. 5. Introduction to Business Expenses. 6. Business Expenses. 7. Losses-Deductions and Limitations. 8. Taxation of Individuals. Part IV: PROPERTY TRANSACTIONS. 9. Acquisitions of Property. 10. Cost Recovery on Property: Depreciation, Depletion, and Amortization. 11. Property Dispositions. 12. Non-recognition Transactions. Part V: INCOME TAX ENTITIES. 13. Choice of Business Entity-General Tax and Nontax Factors/Formation. 14. Choice of Business Entity-Operations and Distributions. 15. Choice of Business Entity-Other Considerations. Part VI: TAX RESEARCH. 16. Tax Research. Appendix A: Tax Return Problem. Appendix B: Tax Rate Schedules and Tax Tables. Appendix C: Statements on Standards for Tax Service (available online). Appendix D: How to Decode the Code. Glossary. Index.

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Author Information

A professor emeritus at Oklahoma State University, Dr. Kevin E. Murphy earned his Ph.D. at the University of Wisconsin-Madison and his B.S. and M.S. in accounting at Utah State University. He has published articles in the Journal of the American Taxation Association and The Journal of Accounting Education. Dr. Murphy is a member of the American Accounting Association and the American Taxation Association. Randy Skalberg, J.D., C.P.A., L.L.M. is an associate professor of accounting and chair of the department of accounting and finance at the University of Minnesota-Duluth. He earned his L.L.M. in taxation from Case Western Reserve University and his J.D. and B.S.B. in accounting from the University of Minnesota. He has published articles in Transportation Part A, The Transportation Journal, Today's CPA and The Tennessee CPA Journal. Dr. Mark Higgins is a professor of accounting and the former Edward Jones Dean of the Richard A. Chaifetz School of Business at Saint Louis University. He earned his Ph.D. at the University of Tennessee and his B.S. and M.S. in accounting at the University of South Carolina. He has articles published in Accounting Historians Journal, Journal of Accounting Education, Taxation for Accountants, Critical Perspectives in Accounting, Journal of Legal Tax Research, The CPA Journal and The Tax Adviser. He is also a certified public accountant (inactive).

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