Fundamentals of Business Enterprise Taxation (University Casebook Series)

The fifth edition of this comprehensive casebook teaches the fundamentals of business enterprise taxation with clear and concise explanatory text, skillfully drafted problems, and a rich mix of original source materials. Highlights cover all significant developments since the last edition, including:

• The impact of changing tax rates
• Final and proposed regulations under Subchapters C and K
• Full text of a 2008 published ruling on application of the step transaction doctrine to multi-step acquisitions
• Codification of the economic substance doctrine, the accompanying strict liability penalty, and their implications for transactional planning
• A fresh perspective on choice of entity and an update on the “carried interest” controversy