Principles of Taxation for Business and Investment Planning 2018 Edition
– Connect: A highly reliable, easy-to-use homework and learning management solution that embeds learning science and award-winning adaptive tools to improve student results.
- Presents the general roles of taxation and discusses its implications for all tax-paying entities before delving into any specific exceptions.
- Attempts to convince students that an understanding of taxation is not relevant in the business world by focusing on teaching them how the tax code affects business decisions making.
Table of Contents

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Program Details

Exploring the Tax Environment
1. Taxes and Taxing Jurisdictions 
2. Policy Standards for a Good Tax 

Fundamentals of Tax Planning
3. Taxes as Transaction Costs 
4. Maxims of Income Tax Planning 
5. Tax Research 

The Measurement of Taxable Income
6. Taxable Income from Business Operations 
7. Property Acquisitions and Cost Recovery Deductions 
Appendix 7–A Midquarter Convention Tables 
8. Property Dispositions 
9. Nontaxable Exchanges 

The Taxation of Business Income
10. 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 

The Individual Taxpayer
14. 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) 

The Tax Compliance Process
18. The Tax Compliance Process 

1. Present Value of $1 
2. Present Value of Annuity of $1 
3. 2017 Income Tax Rates