About the Book
Fundamentals of Taxation 2023 Edition by Ana Cruz is a practical and comprehensive textbook that caters to both beginners and intermediate tax students. The book not only covers tax laws but also delves into the practical aspects of tax form preparation and tax return filing.
Key Features:
- Structured to mirror IRS tax forms
- Illustrates accurate reporting of tax issues
- Integrates individual income tax software (TaxACT)
Table of Contents:
The book is divided into 15 chapters, covering various aspects of taxation:
- Introduction to Taxation, the Income Tax Formula, and Form 1040
- Expanded Tax Formula, Form 1040, and Basic Concepts
- Gross Income: Inclusions and Exclusions
- Adjustments for Adjusted Gross Income
- Itemized Deductions
- Self-Employed Business Income
- Capital Gains and Other Sales of Property
- Rental Property, Royalties, and Income from Flow-Through Entities
- Tax Credits
- Payroll Taxes
- Retirement and Other Tax-Deferred Plans and Annuities
- Special Property Transactions
- At-Risk/Passive Activity Loss Rules and the Individual Alternative Minimum Tax
- Partnership Taxation
- Corporate Taxation
FAQs
1. Who is the author of Fundamentals of Taxation 2023 Edition?
The author of Fundamentals of Taxation 2023 Edition is Ana Cruz.
2. Does the book cover practical tax preparation examples?
Yes, the book includes actual tax forms and guides students on how to work with clients to complete tax forms accurately.
3. Is there any software integrated into the book for tax calculations?
Yes, the book integrates the individual income tax software package TaxACT for practical application of tax principles.
Conclusion
Fundamentals of Taxation 2023 Edition is a vital resource for anyone looking to gain a comprehensive understanding of taxation. With its hands-on approach, clear examples, and relevant tax software integration, this textbook equips students with the knowledge and skills needed to navigate the complexities of U.S. tax laws.
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