Understanding federal income taxation / J. Martin Burke, Michael K. Friel
- Author:
- Burke, J. Martin
- Published:
- Newark, NJ : LexisNexis, [2005]
- Copyright Date:
- ©2005
- Edition:
- 2nd ed.
- Physical Description:
- 1 volume (various pagings) ; 25 cm.
- Additional Creators:
- Friel, Michael K.
- Series:
- Contents:
- Introduction to federal income tax -- Gross income concepts and limitations -- The effect of an obligation to repay -- Gains derived from dealings in property -- Gifts, bequests, and inheritance -- Sale of a principal residence -- Scholarships and prizes -- Life insurance, annuities, and individual retirement accounts -- Discharge of indebtedness -- Compensation for personal injury and sickness -- Fringe benefits -- Business and profit seeking expenses -- Capital expenditures -- Depreciation -- Losses and bad debts -- Travel expenses -- Entertainment and business meals -- Educational expenses -- Other deductible personal expenses -- Hobby losses -- Home offices, vacation homes, and other dual use property -- The interest deduction -- The deduction for taxes -- Casualty losses -- Medical expenses -- Charitable deductions -- Limitations on deductions -- Cash method accounting -- Accrual method accounting -- Annual accounting -- Capital gains and losses -- Quasi-capital assets: section 1231 -- Depreciation recapture -- Assignment of income -- Below market loans -- Tax consequences of divorce -- Effect of debt on basis -- Like kind exchanges -- Involuntary conversions -- Installment sales -- Sale of a business and sale-leasebacks -- An introduction to original issue discount -- Limitations on tax shelters -- The alternative minimum tax.
- Subject(s):
- ISBN:
- 0820563323 (softbound)
9780820563329 (softbound) - Note:
- Includes index.
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