McGraw-Hill’s Taxation of Individuals is organized to emphasizetopics that are most important to undergraduates takingtheir first tax course. The first three chapters provide an
introductionto taxation and then carefully guide students throughtax research and tax planning. Part II discusses the fundamentalelements of individual income tax, starting with thetax formula
in Chapter 4 and then proceeding to more depthon individual topics in Chapters 5–7. Part III then discussestax issues associated with business and investment activities.On the business side, it
addresses business income and deductions,accounting methods, and tax consequences associatedwith purchasing assets and property dispositions (sales,trades, or other dispositions). For
investments it covers portfoliotypeinvestments such as stocks and bonds and businessinvestments including loss limitations associated with theseinvestments. Part IV is unique among tax
textbooks; this sectioncombines related tax issues for compensation, retirementsavings, and home ownership.
