McGraw-Hill Irwin Principles of Taxation for Business & Investment Planning, 2004 Edition

Principles of Taxation for Business and Investment Planning, by Sally Jones is a different approach to the study of taxation from the traditional tax-preparation approach. This book teaches students to recognize the role taxes play in business and investment decisions. In addition, the book presents the general role of taxation and its implications across all taxpaying entities before discussing the details of specific exceptions. This approach allows students to really grasp the fundamental concepts that are the foundation for specific tax rules. The benefit is that the students will understand the framework of the tax system, even though specific tax regulations change from year to year. From the Publisher This text's coverage of new tax regulations is updated yearly to reflect the latest changes in tax law. is a great resource for both instructor and students. Faculty will enjoy the convenience of downloadable supplements including the Instructor's Manual, PowerPoint Slides, and Solutions to Research Projects. For students, its robust content includes auto-graded True and False and Multiple-Choice Quizzes, Text Updates of new tax regulations, Relevant Weblinks, Student Research Projects, as well as calculators and an online glossary. The comprehensive cases in parts three through six require students to perform more in-depth analysis and decision skills, reinforcing the key concepts and decision-oriented focus of the text. This text relates the study of financial theory to the study of taxation so students develop the ability to translate tax outcomes into cash flows. This offers a forward-looking, planning perspective rather than a compliance perspective. Significant real world examples reinforce and illustrate key concepts. Because students learn to evaluate the tax laws on the basis of both equity and efficiency, the book considers both the economic and social policy implications of various tax systems. · This text examines the structural framework of the federal income tax system to allow students to attain a sufficient level of tax knowledge appropriate for the introductory course, and to gain a frame of reference for understanding the technical details of taxation. Extensive end-of-chapter material includes five types of problems: Questions and Problems for Discussion challenge students to think critically about conceptual and technical issues covered in the chapter. Application Problems give students practice in applying the technical material covered in the chapter. Issue Recognition Problems develop students' ability to recognize tax issues, while introducing the tax research process. Research Problems provide further opportunity for students to develop their analytic skills, as well as increase their exposure to tax research by utilizing a tax library. Tax Planning Cases put students in the role of a tax advisor and gives them the opportunity to integrate their tax knowledge into a business-planning framework. About the Author Sally Jones received her Ph.D. at the University of Houston. She taught at the University of Texas at Austin for 14 years before going to Virginia in 1992. She is currently the department chair of Accounting at Virginia.