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South-Western Federal Taxation 2018: Individual Income Taxes 41st Edition

William H. Hoffman, Jr., James C. Young, William A. Raabe, David M. Maloney, Annette Nellen

  • Published
  • Previous Editions 2017
  • 1152 Pages
Starting At 160.00 See pricing and ISBN options

Overview

Help today’s students master individual income tax concepts and better understand ever-changing tax legislation with SOUTH-WESTERN FEDERAL TAXATION 2018: INDIVIDUAL INCOME TAXES, 41E. Renowned for its understandable and time-tested presentation, this book remains the most effective solution for helping students grasp individual taxation concepts. This edition reflects the most current tax legislation for individual taxpayers at the time of publication. Clear examples, summaries and tax scenarios clarify concepts and sharpen critical-thinking, writing, and research skills. The book's "Fitting it all Together: Framework 1040" demonstrates how topics relate to one another and to the 1040 form. In addition to complete instructor support, each new book offers leading professional software, including H&R Block® Premium & Business software, Checkpoint® (Student Edition) from Thomson Reuters, CengageNOW™ online homework solution and MindTap® Reader.

William H. Hoffman, Jr., University of Houston

Dr. William H. Hoffman, Jr., earned his B.A. and J.D. degrees from the University of Michigan and M.B.A. and Ph.D. degrees from The University of Texas. He is a licensed CPA and attorney in Texas. Recognized for his teaching excellence, Dr. Hoffman's academic experience includes The University of Texas (1957−1961), Louisiana State University (1961−1967), and the University of Houston (1967−1999). A frequently requested professional speaker, Dr. Hoffman has addressed many tax institutes and conferences and has published extensively in academic and professional journals. His articles appear in The Journal of Taxation, The Tax Adviser, Taxes – The Tax Magazine, The Journal of Accountancy, The Accounting Review, and Taxation for Accountants.

James C. Young, Northern Illinois University

Dr. James C. Young is the Crowe Horwath Professor of Accountancy at Northern Illinois University. A graduate of Ferris State University (B.S.) and Michigan State University (M.B.A. and Ph.D.), Dr. Young's research focuses on taxpayer responses to the income tax using archival data. His dissertation received the PricewaterhouseCoopers/American Taxation Association Dissertation Award and his subsequent research has received funding from a number of organizations, including the Ernst & Young Foundation Tax Research Grant Program. His work has been published in a variety of academic and professional journals, including the National Tax Journal, The Journal of the American Taxation Association, and Tax Notes. Dr. Young is a Northern Illinois University Presidential Teaching Professor. A respected educator, he has received the Illinois CPA Society Distinguished Accounting Educator Award in 2012 as well as outstanding teaching awards from George Mason University and Michigan State University.

William A. Raabe, University of Wisconsin - Whitewater

William A. Raabe, Ph.D., CPA, was the Wisconsin Distinguished Professor of Taxation. He taught at Ohio State, Arizona State, the Capital University (OH) Law School, and the Universities of Wisconsin--Milwaukee and Whitewater. Dr. Raabe also writes the PricewaterhouseCoopers Tax Case Studies. He has written extensively about book-tax differences in financial reporting. Dr. Raabe has been a visiting tax faculty member for a number of public accounting firms, bar associations, and CPA societies. He has received numerous teaching awards, including the Accounting Educator of the Year award from the Wisconsin Institute of CPAs. He has been the faculty adviser for student teams in the Deloitte Tax Case Competition (national finalists at three different schools) and the PricewaterhouseCoopers Extreme Tax policy competition (national finalist). For more information about Dr. Raabe, visit BillRaabeTax.com and BillRaabeTax on YouTube and Twitter.

David M. Maloney, University of Virginia

David M. Maloney, Ph.D., CPA, is the Carman G. Blough Professor of Accounting Emeritus at the University of Virginia's McIntire School of Commerce. He completed his undergraduate work at the University of Richmond and his graduate work at the University of Illinois at Urbana-Champaign. Upon joining the Virginia faculty in January 1984, Dr. Maloney taught federal taxation in the graduate and undergraduate programs and was a recipient of major research grants from the Ernst & Young and KPMG Foundations. Dr. Maloney has published work in numerous professional journals, including Journal of Taxation, The Tax Adviser, Tax Notes, Corporate Taxation, Accounting Horizons, Journal of Taxation of Investments, and Journal of Accountancy.

Annette Nellen, San José State University

Annette Nellen, CPA, CGMA, Esquire, directs San José State University’s graduate tax program (MST) and teaches courses in tax research, tax fundamentals, accounting methods, property transactions, state taxation, employment tax, ethics, and tax policy. Professor Nellen is a graduate of CSU Northridge, Pepperdine (MBA), and Loyola Law School. Prior to joining SJSU in 1990, she was with a Big 4 firm and the IRS. At SJSU, Professor Nellen is a recipient of the Outstanding Professor and Distinguished Service Awards. Professor Nellen is an active member of the tax sections of the AICPA and American Bar Association. In 2013, she received the AICPA Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation. Professor Nellen is the author of Bloomberg BNA Tax Portfolio, Amortization of Intangibles, and the Bloomberg BNA Internet Law Resource Center Overview of Internet Taxation Issues. She has published numerous articles in the AICPA Tax Insider, Tax Adviser, State Tax Notes, and The Journal of Accountancy. She has testified before the House Ways & Means and Senate Finance Committees, and other committees on Federal and state tax reform. Professor Nellen maintains the 21st Century Taxation website and blog (www.21stcenturytaxation.com) as well as websites on tax reform and state tax issues (www.sjsu.edu/people/annette.nellen/).
  • NEW “MINI” TAX FORM PROBLEMS PROVIDE ADDITIONAL PRACTICE-With even more practice opportunities and independent study resources than ever before, this edition's text and CengageNOWv2™ helps you ensure that your students have the tax skills and thorough understanding they need to succeed.
  • END-OF-CHAPTER ROGER CPA REVIEW QUESTIONS FOR SELECTED CHAPTERS PREPARE STUDENTS FOR SUCCESS. Students review key concepts using proven questions from Roger CPA Review -- one of the industry's most effective tools to prepare for the CPA Exam.
  • The 2018 Tax Media Pack includes a 1 term (6 months) printed access card for RIA Checkpoint and a printed access card for H&R Block Premium & Business, Filing Year 2016. Checkpoint is a leading Tax research tool used by top U.S. CPA firms. It integrates comprehensive, authoritative content from experts, well-known third-party content, primary source materials, news, online learning, and more—allowing you to do your research in one place. H&R Block features basic and complex problems that allow students to prepare returns for individuals, C and S corporations, partnerships, estates, and trusts.
  • TAX RETURN FORM PROBLEMS PROVIDE ADDITIONAL ONLINE PRACTICE WITHIN CENGAGENOWV2™. With even more practice opportunities and independent study resources, this edition's CengageNOWv2™ online resources help you guide your students in mastering the specific taxation skills they need to succeed.
  • IN-CHAPTER "EXAMPLE" PRESENTATION IMMEDIATELY CLARIFIES AND REINFORCES CONCEPTS. This book's unique "Example" design makes it easy for your students to read and quickly understand the concepts.
  • PRACTICAL TAX SCENARIOS BEGIN AND CONCLUDE EACH CHAPTER. The "Big Picture: Tax Solutions for the Real World" examines lives, careers and tax situations of typical individual filers. Each Big Picture case asks students to develop the best tax solution for these real-life dilemmas. Four examples in the chapter relate to the "Big Picture" tax situation. End-of-chapter "Refocus on the Big Picture" summaries and tax planning scenarios apply chapter concepts to professional solutions. A "What If?" section demonstrates how tax treatments can vary as the filer's situation changes.
  • "FITTING IT ALL TOGETHER FRAMEWORK 1040" HELPS STUDENTS NAVIGATE CRITICAL TOPICS. The book's unique framework demonstrates how tax concepts are organized. The "Fitting it all Together: Framework 1040" uses the Income Tax Formula for Individuals to help students organize their understanding of each chapter's concepts and see how the topics they have learned relate to the basic tax formula. Students understand where various items are reported on Form 1040.
  • REAL-WORLD FEATURES HELP STUDENTS UNDERSTAND TODAY'S TAX ENVIRONMENT AND ITS UNIQUE CHALLENGES. Drawn from today's business and popular press, "Tax in the News" features enliven class discussions by presenting current issues that illustrate the chapter material and apply them to real life.
  • PROVEN LEARNING FEATURES HELP STUDENTS DEVELOP PROFESSIONAL SKILLS. "Ethics and Equity" features spark critical thinking and discussion as students evaluate their own value systems while reviewing ethical scenarios. A separate section in most chapters details how to apply the tax law to reach taxpayer's goals. Tax planning applications also appear throughout each chapter. "Global Tax Issues" highlight how taxation is affected by international concerns and illustrate tax laws across the globe. Students develop decision-making and analytical skills with Decision-Making Problems.
  • END-OF-CHAPTER COMPUTATIONAL EXERCISES PROVIDE ESSENTIAL PRACTICE. Students gain critical hands-on experience and practice with the detailed Computational Exercises in most chapters that correspond directly to the chapter's key Learning Objectives.
  • CENGAGENOWV2™ OPTIMIZES STUDENT LEARNING AND PRODUCES DESIRED OUTCOMES. CengageNOWv2™ is built around the way students learn, study and complete homework, equipping them for success in your course. You’ll find end-of-chapter homework from the text, "What If" versions of problems, algorithmic problems, detailed feedback, test bank questions, and superior tagging to create an effective learning environment. You’ll also find an Adaptive Study Plan and assignable, gradable study center that adapts to each student's unique needs, providing a remediation pathway to keep every learner on track.
Part I: INTRODUCTION AND BASIC TAX MODEL.
1. An Introduction to Taxation and Understanding the Federal Tax Law.
2. Working with the Tax Law.
3. Tax Formula and Tax Determination; An Overview of Property Transactions.
Part II: GROSS INCOME.
4. Gross Income: Concepts and Inclusions.
5. Cross Income: Exclusions.
Part III: DEDUCTIONS.
6. Deductions and Losses: In General.
7. Deductions and Losses: Certain Business Expenses and Losses.
8. Depreciation, Cost Recovery, Amortization, and Depletion.
9. Deductions: Employee and Self-Employed-Related Expenses.
10. Deductions and Losses: Certain Itemized Deductions.
11. Investor Losses.
Part IV: SPECIAL TAX COMPUTATION METHODS, PAYMENT PROCEDURES, AND TAX CREDITS.
12. Alternative Minimum Tax.
13. Tax Credits and Payment Procedures.
PART V: PROPERTY TRANSACTIONS.
14. Property Transactions: Determination of Gain or Loss and Basic Considerations.
15. Property Transactions: Nontaxable Exchanges.
16. Property Transactions: Capital Gains and Losses.
17. Property Transactions: Section 1231 and Recapture Provisions.
Part VI: ACCOUNTING PERIODS, ACCOUNTING METHODS, AND DEFERRED COMPENSATION.
18. Accounting Periods and Methods.
19. Deferred Compensation.
Part VII: CORPORATIONS AND PARTNERSHIPS.
20. Corporations and Partnerships.
Appendix A: Tax Rate Schedules and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: Table of Code Sections Cited, Table of Regulations Cited,Table of Revenue Procedures and Revenue Rulings Cited.
Appendix E: Practice Set Assignments--Comprehensive Tax Return Problems.
Appendix F: Table of Cases Cited.
Appendix G: Depreciation (online only)
Appendix H: Tax Formulas.
Appendix I: Present Value & Future Value Tables.
Index.
CengageNOWv2
CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

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