This accessible casebook combines a strong problems approach with a sufficient level of policy considerations to provide a coherent structure for understanding the law. Designed to facilitate teaching and learning, Basic Federal Incom Taxation uses text, tightly-edited cases, and problems to drive the exploration of the fieldcovers all the major topics of basic Federal Income Taxation in a concise presentationoffers an outstanding group of problems brief ones to test understanding and more in-depth ones to engagedeftly integrates policy issues and tax procedure to enlighten, instead of overwhelming is organized for readability, each major heading is followed by references to the associated Code and regulationsfacilitates case analysis through explanatory text that introduces the factual context for most cases, as well as notes after the casessupplies basic background on financial theory, such as discounting, cash flows, and internal rates of return and original issue discountincludes a glossary of terms at the end of the book The casebook prepares for practice by: discussing the rules of practice before the IRS offering practical advice regarding the appropriate level of aggressiveness when representing a taxpayerpresenting examples of primary tax forms filed by individualsproviding selected examples from different countries to awaken interest in comparative law

The purchase of this ebook edition does not entitle you to receive access to the Connected eBook with Study Center on CasebookConnect. You will need to purchase a new print book to get access to the full experience, including: lifetime access to the online ebook with highlight, annotation, and search capabilities; practice questions from your favorite study aids; an outline tool and other helpful resources. This Second Edition of Federal Income Taxation in Focus joins the celebrated CasebookConnect platform and continues the tradition of preparing students for both the rigors of sophisticated tax practice and the challenge of advanced study in federal tax law. Drafted with the initiate in mind, Federal Income Taxation in Focus employs careful organization, engaging visual enhancements, and student-friendly exposition to communicate both foundational concepts & rules and highly technical refinements. Given the practice-based pedagogy of the Focus Casebook series, this text exposes students to a wide range of IRS pronouncements, and facilitates immediate and frequent application of cases, statutes, and regulations to new fact scenarios. By requiring completion of select Federal Income Taxation in Practice exercises, professors can enrich their students’ learning experience and, as appropriate, assist those students who must satisfy practice-oriented writing requirements. Professors looking to further buttress practice readiness may rely on materials that address federal tax research, as well as those related to tax controversy and litigation (e.g., audits, assessment, protests, IRS appeals, IDRs, administrative summons, 30-day and 90-day letters, closing agreements, offers in compromise, and more). New to the Second Edition: Expanded discussion of the Child Tax Credit and the Earned Income Tax Credit (with visually-depicted data from the Tax Policy Center) Several recent cases, including authorities addressing the insolvency exception and taxpayer “assets,” disability discrimination with collateral physical injury, “actual receipt” by taxpayers suffering with dementia, and #MeToo-related problems and concerns as they intersect with established tax law New exhibits from the Congressional Budget Office, Statista.Com, and the Tax Policy Center, all of which facilitate discussion of a wide range of topics (including critical tax theory) IRS pronouncements concerning the treatment of employer-provided cell phones as well as the treatment of business meals and entertainment under § 274 in the wake of the Tax Cuts and Jobs Act Doctrinal regulars, including Kenan v. Commissioner, Wolder v. Commissioner, and a tightly-edited and readily-accessible version of Crane v. Commissioner (with follow-up discussion of the clarification provided by Commissioner v. Tufts) Both the 2020 IRS Form 1040 of President Joe Biden and First Lady Dr. Jill Biden and the 2020 IRS Form 1040 (Schedule A) of Vice-President Kamala Harris and Second Gentleman Douglas Emhoff (highlighting the impact of the SALT deduction restriction) Several new comics to entertain and amuse both students and professors! Professors and students will benefit from: An exceptionally-clear writing style (consistently generating high praise from students at several law schools) Key Statutory and Regulatory Provisions in each chapter (providing highly-focused direction with respect to which Code subsections and Treasury Regulations students need to read) Rich visual content for a host of topics that not only facilitates mastery of complex Code-based rules, but also places the subject matter in context and engages student interest, including the evolution of marginal tax rates, deficit-reduction options, student loan debt, home ownership in general (and by race), charitable donations, health care crowdfunding, legalization of marijuana use, extraordinary divorce settlements, capital asset holdings by demographic, and more. A consciously modern, 21st century approach to rendering the classic tax casebook, including a refreshing infusion of authorities handed down after the year 2000 A carefully-organized and logical presentation of concepts that ensures that students have the necessary substantive foundation for understanding new material Cases, problems, and pronouncements that reflect the rich diversity of students, legal professionals, and taxpayers generally Teaching materials include: Teacher’s Manual (including detailed case briefs) Microsoft PowerPoint presentations

Hardbound - New, hardbound print book.

Vol. 3 also issed as rev. 3rd ed. ; rev. 3rd edition of other vols. not planned.

Understanding Federal Income Taxation consists of forty-four chapters with each chapter addressing a basic topic in individual income taxation, e.g., the taxation of personal injury awards, the interest deduction, installment sales. Because the provisions of the Internal Revenue Code are necessarily at the heart of tax study, a part or all of the Code section(s) pertinent to the specific topic are included in each chapter. Likewise, the chapters contain summaries of leading cases and relevant administrative rulings as well as numerous examples explaining the application of the law. Like the prior edition published in 2008, this new Fourth Edition of Understanding Federal Income Taxation is a valuable resource for students studying the tax law for the first time and for general practitioners handling transactions with individual income tax concerns. The Fourth Edition incorporates recent developments in the Internal Revenue Code, including new and amended provisions enacted as part of the American Taxpayer Relief Act of 2012. In addition, this new edition addresses important recent income tax cases as well as revised regulations and other new administrative materials. Many of these tax law changes are illustrated in new and revised examples included in the Fourth Edition.