Federal Income Taxation (Casebook)

This text's unique, flexible structure provides solid coverage of the rudiments of the field while allowing instructors to integrate additional, in-depth material of their choice. More than 100 problems throughout <b> Federal income Taxation</b> challenge students to apply theory to specific, realistic situations. The "core" text covers the leading cases and explains the substantive tax law that is essential to a basic understanding of federal income tax law and principles. Meanwhile, "cells" offer supplemental material to the core by presenting additional information and treating various topics in greater detail. <p class="copymedium"><b>Many great features make this a valuable source for students:</b></p><ul><li class="copymedium"> a core text (approx. 500 pages) covers leading cases and explains the substantive tax law that is essential to a basic understanding of federal income tax law and principles </li><li class="copymedium">"Cells" -- self-contained, optional units at the end of each chapter -- supplement the core text by presenting additional material and treating a small number of topics in greater detail </li><li class="copymedium"> Notes and questions provide background information and place the cases and statutes in context </li><li class="copymedium"> more than 100 problems throughout the core text and cells challenge students to apply theory to specific situations </li><li class="copymedium"> a stellar author team brings years of scholarship and teaching experience to the material </li><li class="copymedium"> a detailed Teacher's Manual provides comments and suggestions for teaching both the core and the cell material as well as answers to all of the questions and problems in the casebook </li></ul><b>The Second Edition has been carefully updated with great new information:</b><ul><li class="copymedium"> the Supreme Court's recent decision in Banks replaces the older Clarks and Kenseth cases (Chapter 10) </li><li class="copymedium"> in response to popular demand, Supreme Court's decision in Cottage Savings has been added as a principal case (Chapter 3, part B) </li><li class="copymedium"> expanded and updated coverage of the AMT (Chapter 8) </li><li class="copymedium"> additional coverage of statutory developments such as the election to deduct state sales taxes (in lieu of state income taxes), the treatment of contingent attorney's fees as above-the-line deductions, and the introduction of several consumer energy credits (e.g., for the purchase of hybrid cars) </li></ul><p></p><p></p>