Principles of Taxation for Business and Investment Planning 2018 Edition

Sally M. Jones is professor emeritus of accounting at the McIntire School of Commerce, University of Virginia, where she taught undergraduate and graduate tax courses. Before joining the Virginia faculty in 1992, Professor Jones spent 14 years on the faculty of the Graduate School of Business, University of Texas at Austin. She received her undergraduate degree from Augusta College, her MPA from the University of Texas, and her PhD from the University of Houston. She is also a CPA. Professor Jones was the first editor of Advances in Taxation (JAI Press) and the Price Waterhouse Case Studies in Taxation. She has published numerous articles in the Journal of Taxation, The Tax Adviser, and the Journal of the American Taxation Association. Professor Jones is a frequent speaker at tax conferences and symposia, a past president of the American Taxation Association, and the 2000 recipient of the Ray M. Sommerfeld Outstanding Tax Educator Award. Shelley Rhoades-Catanach is an associate professor of accountancy at Villanova University and a CPA. She teaches a variety of tax courses in Villanovas undergraduate, masters of accounting, and graduate tax programs. Before joining the Villanova faculty in 1998, Professor Rhoades-Catanach spent four years on the faculty of Washington University in St. Louis. She has also served as a visiting faculty member at the Darden Graduate School, University of Virginia, and at INSEAD, an international MBA program in Fontaine bleau, France. She received her undergraduate degree in accounting from the University of Nebraska at Lincoln and her PhD from the University of Texas at Austin. Professor Rhoades-Catanach has published articles in numerous journals, including the Journal of the American Taxation Association, Accounting Review, Issues in Accounting Education, Journal of Accounting Education, and Review of Accounting Studies. She has served as president, vice president, and trustee of the American Taxation Association and on the editorial boards of the Journal of the American Taxation Association and the Journal of International Accounting, Auditing and Taxation. She currently serves as co-editor of the Journal of International Accounting, Auditing, and Taxation. Professor Rhoades-Catanach is the 2010 recipient of the Ray M. Sommerfeld Outstanding Tax Educator Award. Sandra Renfro Callaghan is an associate professor of accounting at the Neeley School of Business at Texas Christian University. She joined the faculty in 1998 after earning her PhD in accounting from Michigan State University. Her current research is primarily focused on topics in taxation, executive compensation, and the Affordable Health Care Act. Professor Callaghan teaches tax and financial accounting courses both at the undergraduate and graduate level and has earned numerous teaching awards including the Deans' Teaching Award and Neeley School of Business Alumni Professor of the Year. She has served in various leadership roles, including president, with the American Taxation Association and with the American Accounting Association Council. Professor Callaghan also earned a BS from Texas Christian University and an MPA from the University of Texas at Austin. Prior to earning her PhD, she was a tax professional with Ernst & Young.

PART ONEExploring the Tax Environment1.Taxes and Taxing Jurisdictions 2.Policy Standards for a Good Tax 
PART TWOFundamentals of Tax Planning3.Taxes as Transaction Costs 4.Maxims of Income Tax Planning 5.Tax Research 
PART THREEThe Measurement of Taxable Income6.Taxable Income from Business Operations 7.Property Acquisitions and Cost Recovery Deductions Appendix 7–A Midquarter Convention Tables 8.Property Dispositions 9.Nontaxable Exchanges 
PART FOURThe Taxation of Business Income10.Sole Proprietorships, Partnerships, LLCs, and S Corporations 11.The Corporate Taxpayer Appendix 11–A Schedule M-3 for Reconciling Book and Taxable Income 12.The Choice of Business Entity 13.Jurisdictional Issues in Business Taxation 
PART FIVEThe Individual Taxpayer14.The Individual Tax Formula Appendix 14–A Itemized Deduction Worksheet Appendix 14–B Exemption Amount Worksheet 15.Compensation and Retirement Planning 16.Investment and Personal Financial Planning Appendix 16–A Comprehensive Schedule D Problem 17.Tax Consequences of Personal Activities Appendix 17–A Social Security Worksheet (Adapted from IRS Publication 915) 
PART SIXThe Tax Compliance Process18.The Tax Compliance Process 
APPENDIXES1.Present Value of $1 2.Present Value of Annuity of $1 3.2017 Income Tax Rates