Income Tax in the USA

This is the only comprehensive e-book covering both individual and business income taxes. Steve Fox explains U.S. income tax rules and concepts in plain language, with easy humorous examples. This book, updated for changes through December, 2013, covers the full range of Federal income tax, and provides an overview of many state rules. It's more than just a guide on how to prepare your 1040. Income Tax in the USA is a must-have book for business people, investors, and advisers. The book provides context for the rules discussed without assuming the reader is an accountant or attorney. It discusses tax return reporting but does not provide line-by-line guidance on preparing tax returns.

Income Tax in the USA gives you:

• Concise, readable, plain language, and
• Detailed explanations of concepts and rules, with
• Hundreds of easy, practical examples,
• Handy reference tables,
• Authoritative and well cited analyses,
• Comprehensive coverage of all major aspects of U.S. Federal and state income taxation,
• A comprehensive glossary, and
• Thousands of clickable cross reference and index links for finding things easily.

This is a true e-book, not just images of a printed book. The book provides many items not found in other tax e-books, including:

• Tables you can actually read, with scalable type size (not just pictures of tables)
• Updated for both Federal and state tax rates for 2012 and 2013, and Federal rates for 2014
• Comprehensive discussion of how to compute cost of goods sold and track inventory,
• Discussion of multiple asset accounts under MACRS depreciation rules,
• Options for computing gain or loss on disposition of depreciable assets,
• Tables of key state income tax items for all states,
• In-context hot links to IRS forms, and
• Explanations of U.S. rules for accounting for income taxes.