Essentials of Federal Income Taxation for Individuals and Businesses 2017 edition

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Linda M. Johnson
Publisher: Wolters Kluwer Tax & Accounting

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  • Chapter 1: Overview of the Tax Structure
    • 101: Income Tax Objectives
    • 102: Basic Tax Formula
    • 103: Individual Taxpayers
    • 104: Gross Income
    • 105: Deductions for Individual Taxpayers
    • 106: Standard Deduction
    • 107: Exemptions
    • 108: Qualifying Child
    • 109: Qualifying Relatives
    • 110: Qualifying Nonrelatives
    • 111: Tax Base Formula—Another View
    • 112: Filing Status
    • 113: Filing Requirements for Individuals
    • 114: Tax Year
    • 115: Taxpayer Responsibilities
    • 116: Reducing the Tax Rate
    • 1: Problems (20)
    • 1: Test Bank (80)

  • Chapter 2: Tax Determination, Payments, and Reporting Procedures
    • 201: Individual Income Tax Rates
    • 202: Indexing for Inflation
    • 203: Paying the Tax Liability
    • 204: Personal Tax Credits
    • 205: Shared Responsibility Payment
    • 206: Form 1040EZ
    • 207: Electronic Filing
    • 208: IRS Website
    • 209: Extension of Time to File
    • 2: Problems (20)
    • 2: Test Bank (80)

  • Chapter 3: Gross Income Inclusions
    • 301: General Recognition Guidelines
    • 302: Employee Compensation
    • 303: Business Activities
    • 304: Divorce and Separation Agreements
    • 305: Distributions From Traditional IRAs
    • 306: Pensions and Annuities
    • 307: Social Security Benefits
    • 308: Interest Income
    • 309: Dividend Income
    • 310: Gains and Losses
    • 311: Rents and Royalties
    • 312: Unemployment Compensation
    • 313: Other Sources of Income
    • 314: "Kiddie Tax"
    • 315: Net Investment Income (NII) Tax
    • 316: Form 1040A
    • 3: Problems (20)
    • 3: Test Bank (80)

  • Chapter 4: Gross Income Exclusions and Deductions for AGI
    • 401: Exclusions From Gross Income
    • 402: Deductions for AGI
    • 403: Form 1040
    • 4: Problems (20)
    • 4: Test Bank (80)

  • Chapter 5: Personal Itemized Deductions
    • 501: Reporting Itemized Deductions
    • 502: Filled-in Schedule A
    • 503: Medical and Dental Expenses
    • 504: Taxes You Paid
    • 505: Interest You Paid
    • 506: Gifts to Charity
    • 507: Casualty and Theft Losses
    • 508: Reduction in Itemized Deductions for Higher-Income Taxpayers
    • 5: Problems (20)
    • 5: Test Bank (80)

  • Chapter 6: Other Itemized Deductions
    • 601: Job Expenses and Certain Miscellaneous Deduction
    • 602: Unreimbursed Employee Expenses
    • 603: Miscellaneous Deductions Reported on Schedule A
    • 604: Other Miscellaneous Deductions
    • 605: Schedule A and Form 1040 Revisited
    • 6: Problems (20)
    • 6: Test Bank (80)

  • Chapter 7: Self-Employment
    • 701: Accounting Methods
    • 702: Reporting Business Profit or Loss
    • 703: Reporting Net Profit (or Loss) by Sole Proprietorships
    • 704: Structure of Schedule C
    • 705: Item-by-Item Reporting on Schedule C
    • 706: Self-Employment Tax for the Self-Employed
    • 707: Retirement Plans for the Self-Employed
    • 7: Problems (20)
    • 7: Test Bank (80)

  • Chapter 8: Depreciation and Amortization
    • 801: Depreciation of Business Property
    • 802: Depreciation of Tangible Personal Property
    • 803: Depreciation of Real Property
    • 804: Filled-in Form 4562
    • 805: Amortization of Intangible Property
    • 8: Problems (20)
    • 8: Test Bank (80)

  • Chapter 9: Rental Activities
    • 901: Rental Income and Expenses
    • 902: Rental of Vacation Homes
    • 903: Reporting Rental Activities on Schedule E
    • 904: At-Risk Rules
    • 905: Passive Activity Losses
    • 9: Problems (20)
    • 9: Test Bank (80)

  • Chapter 10: Property: Basis and Nontaxable Exchanges
    • 1001: Realized Gain or Loss
    • 1002: Initial Basis
    • 1003: Recognized Gains and Losses
    • 1004: Wash Sales
    • 1005: Sales Between Related Parties
    • 1006: Qualified Small Business Stock
    • 1007: Like-Kind Exchanges
    • 1008: Sale of a Principal Residence
    • 1009: Involuntary Conversions
    • 10: Problems (20)
    • 10: Test Bank (80)

  • Chapter 11: Property: Capital Gains and Losses, and Depreciation Recapture
    • 1101: Capital Gains and Losses
    • 1102: Business Gains and Losses
    • 1103: Reporting Business Gains and Losses on the Tax Return
    • 1104: Installment Sales
    • 11: Problems (20)
    • 11: Test Bank (80)

  • Chapter 12: NOL, AMT, and Business Tax Credits
    • 1201: Net Operating Loss (NOL)
    • 1202: Alternative Minimum Tax (AMT)
    • 1203: General Business Credit
    • 12: Problems (20)
    • 12: Test Bank (80)

  • Chapter 13: Payroll Taxes and Tax Compliance
    • 1301: The Withholding System
    • 1302: FICA Taxes
    • 1303: Reporting to Employees and the Government
    • 1304: Unemployment Taxes
    • 1305: Federal Tax Deposit System
    • 1306: Employer's Quarterly Report
    • 1307: Estimated Taxes
    • 1308: Tax Penalties
    • 1309: Information Returns
    • 1310: The Audit Process
    • 1311: Taxpayer Rights
    • 1312: Tax Preparers' Responsibilities
    • 1313: Amended Returns
    • 13: Problems (20)
    • 13: Test Bank (80)

  • Chapter 14: C Corporations
    • 1401: The Nature of C Corporations
    • 1402: Corporate Taxable Income
    • 1403: Corporate Tax Returns and Tax Rates
    • 1404: Credits, Special Taxes, and Prepayments
    • 1405: Corporate Distributions
    • 14: Problems (20)
    • 14: Test Bank (80)

  • Chapter 15: Partnerships
    • 1501: The Nature of Partnerships
    • 1502: Partnership Tax Returns
    • 1503: Transactions Between Partnerships and Partners
    • 1504: Limited Liability Companies and Partnerships
    • 15: Problems (20)
    • 15: Test Bank (80)

  • Chapter 16: S Corporations
    • 1601: The Nature of S Corporations
    • 1602: S Corporation Status
    • 1603: S Corporation Tax Returns
    • 1604: Transactions Between S Corporations and Shareholders
    • 16: Problems (20)
    • 16: Test Bank (80)


Essentials of Federal Income Taxation for Individuals and Business, by Linda M. Johnson, features an easy-reading, straightforward forms approach that is both simple and direct without complex legal language. It introduces basic tax concepts and then fully illustrates them with clear examples and helpful filled-in forms. The WebAssign component of this title includes immediate student feedback on questions and links to an eBook.

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Group Quantity Questions
Chapter 1: Overview of the Tax Structure
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Chapter 2: Tax Determination, Payments, and Reporting Procedures
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2.TB 80 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020 021 022 023 024 025 026 027 028 029 030 031 032 033 034 035 036 037 038 039 040 041 042 043 044 045 046 047 048 049 050 051 052 053 054 055 056 057 058 059 060 061 062 063 064 065 066 067 068 069 070 071 072 073 074 075 076 077 078 079 080
Chapter 3: Gross Income Inclusions
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Chapter 4: Gross Income Exclusions and Deductions for AGI
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4.TB 80 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020 021 022 023 024 025 026 027 028 029 030 031 032 033 034 035 036 037 038 039 040 041 042 043 044 045 046 047 048 049 050 051 052 053 054 055 056 057 058 059 060 061 062 063 064 065 066 067 068 069 070 071 072 073 074 075 076 077 078 079 080
Chapter 5: Personal Itemized Deductions
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Chapter 6: Other Itemized Deductions
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Chapter 7: Self-Employment
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Chapter 8: Depreciation and Amortization
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Chapter 9: Rental Activities
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9.TB 80 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020 021 022 023 024 025 026 027 028 029 030 031 032 033 034 035 036 037 038 039 040 041 042 043 044 045 046 047 048 049 050 051 052 053 054 055 056 057 058 059 060 061 062 063 064 065 066 067 068 069 070 071 072 073 074 075 076 077 078 079 080
Chapter 10: Property: Basis and Nontaxable Exchanges
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Chapter 11: Property: Capital Gains and Losses, and Depreciation Recapture
11.P 20 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020
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Chapter 12: NOL, AMT, and Business Tax Credits
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12.TB 80 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020 021 022 023 024 025 026 027 028 029 030 031 032 033 034 035 036 037 038 039 040 041 042 043 044 045 046 047 048 049 050 051 052 053 054 055 056 057 058 059 060 061 062 063 064 065 066 067 068 069 070 071 072 073 074 075 076 077 078 079 080
Chapter 13: Payroll Taxes and Tax Compliance
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Chapter 14: C Corporations
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Chapter 15: Partnerships
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Chapter 16: S Corporations
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Total 1600