Contemporary Tax Practice: Research, Planning and Strategies

Contemporary Tax Practice: Research, Planning and Strategies will change the way you teach your tax research course, and the way future professionals learn how to perform tax research. This all new text provides a solid foundation of tax research skills by teaching the nuances of conducting tax research in today s environment. The book then provides exposure to frequently encountered tax planning topics and strategies, better preparing users for their future in tax practice. Build a solid foundation -- Early chapters are devoted to relevant legislative, administrative and judicial authorities, so users understand the how s and the why s behind tax practice today -- Users will gain a thorough understanding of how to perform tax research in today s environment -- Landmark judicial decisions are presented, covering areas such as gross income, deductions, property gains and accounting methods -- Users gain exposure to tax practice issues and learn about tax communications -- Each chapter features case studies and research questions which highlight the real-world relevance of tax research and tax planning while reinforcing concepts and skills learned in each chapter Then take it to the next level -- To most effectively prepare users for today s tax practice environment, this book offers coverage of many key tax planning opportunities and strategies on topics such as individuals, retirement, choice of entity, closely held businesses and more -- This book also provides coverage of critical financial reporting issues such as FAS 109, FIN 48, and Schedule M3, which significantly impact and influence the way practitioners advise their clients -- A chapter on Tax Reform Proposals is also included in order to familiarize the reader with terms and topics such as the flat tax, Value- Added (VAT) Tax, the Fair Tax and much more.