Principles of Business Taxation (2012)

Based on the AICPA-business entity model of taxation, this text focuses on gross income, taxable income and tax credits from a business perspective. In the meantime, it will also cover the important individual taxpayer rules. The text also has a chapter that is fully devoted to sole proprietorships and individual tax returns. GAAP vs. Code analysis explains the differences between Generally Accepted Accounting Principles and Tax Accounting rules; Planning Pointers illustrate how to create tax-saving strategies based on tax laws; Learning ancillaries for teachers and students.