Problems and Materials in Federal Income Taxation

<p> Thoroughly updated to reflect recent developments in tax law, <b>Problems and Materials in Federal Income Taxation, Seventh Edition</b>, remains an excellent choice for instructors who want a problems-based book that explains the complex tax code in a clear, focused manner. </p> <p> <b>Among the attributes that have made this classroom tested casebook a success:</b> </p> <ul> <li> <b>clear explanations</b> and a realistic problem-solving approach lead students to a solid understanding of the intricacies of the federal income tax code. </li> <li> <b>distinctive organization according to the taxing formula</b> (i.e., the statutory formula adopted by Congress to calculate taxable income and final tax liability) helps students develop a clear understanding of each level of taxation. </li> <li> <b>numerous problems</b> reinforce <b>fundamental concepts</b>. </li> <li> <b>a Teacher’s Manual that includes answers to every problem.</b> </li> </ul> <p> <b>New to the Seventh Edition:</b> </p> <ul> <li> <b>Adam Rosenzweig, Associate Professor at Washington University School of Law, with both instructional and practice experience, joins the team as a co-author,</b> bringing a new perspective to the casebook. </li> <li> revised and expanded discussions of <b>the role of debt in the tax laws, including OID, deferred income inclusions and character issues, </b>throughout the book to reflect its increasing significance to the law in this area. </li> <li> <b>significant updating of the taxation of property transactions,</b> including the role of debt and timing issues in deferred sales, </li> <li> updating of the discussions of the taxable unit, including <b>assignment of income</b> issues in Chapter 4, and <b>marriage penalty relief provisions</b> in the standard deduction section of Chapter 8 and the marriage penalty discussion in Chapter 10. </li> <li> <b>an expanded discussion of the Alternative Minimum Tax (AMT) </b>in Chapter 10 to reflect its increasing importance as ordinary income tax rates have been reduced. </li> <li> <b>revised Chapter 5 to reflect significant changes in the tax treatment of deferred compensation,</b> including an expanded discussion of OID principals and changes as a result of the enactment of Section 409A </li> <li> <b>Chapter 11 has been eliminated </b>and its contents incorporated throughout the remaining chapters. </li> </ul> <p> If you aren’t already using this classic casebook, be sure to examine a copy of <b>Problems and Materials in Federal Income Taxation, Seventh Edition, </b> before you teach your next tax course. </p> <p> </p> <p> </p> <p> </p> <p> </p>