A concise, tightly-edited casebook that focuses on core principles and policies so students can learn the major patterns and themes of corporate taxation.
Features:
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Focuses student attention on core principles and policies to enable students to learn the major patterns and themes of corporate tax
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Encourages students to learn the law from the basic source material --the Code and regulations--as supplemented by concise explanations when needed
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Many problems, questions, and examples help lead students through the challenging material
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An organizational structure that bridges concepts learned in the introductory income tax course and those presented in advanced tax classes. The text begins with subchapter S--an
area of growing, practical significance--which serves to link individual and separate entity taxation
- Presents the taxation of transactions using a and#34;and#34;building-blockand#34;and#34; approach from basic to complex transactions. This approach helps students to grasp that
many complex transactions are merely combinations of simpler ones, and that a given transaction may be structured in different ways to achieve different tax consequences
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Cases and other source materials are edited concisely and note material is kept to a manageable length
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Completely up-to-date. The organizational structure and text are fully integrated to reflect current developments, including codification of the economic substance doctrine; impact
of corporate tax shelters and application of substance-over-form doctrine; increased importance of passthrough tax principles; comparable treatment of dividends and long-term capital gain;
recent changes affecting acquisitive and divisive reorganizations; and policy implications of current corporate tax reform options
