Pearson’s Federal Taxation 2024 Individuals 37th Edition Mitchell Franklin

Pearson’s Federal Taxation 2024 Individuals 37th Edition by Mitchell Franklin is a comprehensive guide designed to help students understand the latest federal taxation mandates with clarity and relevance. With updated tax information from 2022 and early 2023, this edition equips students with the knowledge and skills needed for a successful career in accounting.

The textbook incorporates real-life scenarios to help students apply tax concepts effectively. The Franklin/Richardson sequence ensures that technical aspects of taxation are presented in a manner that is easy to comprehend.

Features of the 37th Edition:

• Updated tax information from 2022 and early 2023
• Clear explanation of taxation concepts
• Practical examples to apply tax principles
• Useful pedagogical tools for enhanced learning

Table of Contents:

1. An Introduction to Taxation
2. Determination of Tax
3. Gross Income: Inclusions
4. Gross Income: Exclusions
5. Property Transactions: Capital Gains and Losses
6. Deductions and Losses
7. Business Expenses and Deferred Compensation
8. Itemized Deductions
9. Depreciation, Cost Recovery, Amortization, and Depletion
10. Accounting Periods and Methods
11. Property Transactions: Nontaxable Exchanges
12. Property Transactions: Section 1231 and Recapture
13. Special Tax Computation Methods, Tax Credits, and Payment of Tax
14. Tax Research
15. Corporations
16. Partnerships and S Corporations
17. Taxes and Investment Planning

Quick Reference:

• 2023 Tax Rate Schedules and Other Key Numbers

Tables:

• 2022 Tax Tables and Rate Schedules and 2023 Withholding Tables (Partial)

Appendices:

1. Tax Research Working Paper File
2. Tax Forms
3. MACRS Tables
4. Glossary
5. AICPA Statements on Standards for Tax Services Nos. 1-7
6. Index of Code Sections
7. Index of Treasury Regulations
8. Index of Government Pronouncements
9. Index of Court Cases
10. Subject Index

FAQs

1. Is this book suitable for beginners in taxation?

Yes, Pearson’s Federal Taxation 2024 Individuals 37th Edition is suitable for students who are new to taxation as it provides a clear and comprehensive explanation of tax concepts.

2. Are the examples in the book relevant to real-life tax scenarios?

Yes, the textbook includes practical examples that allow students to apply tax principles to real-life situations, enhancing their understanding of the subject.

3. How up-to-date is the tax information in the 37th Edition?

The book includes tax information from 2022 and early 2023, making it a current and relevant resource for students studying taxation.

Conclusion

Pearson’s Federal Taxation 2024 Individuals 37th Edition by Mitchell Franklin is a valuable resource for students looking to master the concepts of federal taxation. With updated information, practical examples, and clear explanations, this textbook prepares students for a successful career in accounting.