The bold and innovative McGraw-Hill Taxation series is now the most widely adopted code-based Tax title across the country. It’s apparent why the clear, organized, and engaging delivery of content, paired with the most current and robust tax code updates, is used by more than 600schools.

The breadth of the topical coverage, the storyline approach to presenting the material, the emphasis on the tax and non-tax consequences of multiple parties involved in transactions, and the integration of financial and tax accounting topics make this book ideal for the modern tax curriculum.

Story line Approach: Each chapter begins with a story line that introduces a set of characters or a business entity facing specific tax-related situations. Examples related to the story line allow students to learn the code in context.

Integrated Examples: In addition to providing examples in-context, we provide “What if” scenarios within many examples to illustrate how variations in the facts might or might not change the answers.

More than 100 Videos: Guided Example hint videos provide students with on-demand walk-throughs of key Tax topics, offering narrated, animated, step-by-step solutions to algorithmic variants for select exercises similar to those assigned.

Conversational Writing Style, Superior Organization, and Real-World Focus

Table contents:

Part I: Introduction to Taxation
Chapter 1: An Introduction to Tax
Chapter 2: Tax Compliance, the IRS, and Tax Authorities
Chapter 3: Tax Planning Strategies and Related Limitations

Part II: Basic Individual Taxation
Chapter 4: Individual Income Tax Overview, Dependents, and Filing Status
Chapter 5: Gross Income and Exclusions
Chapter 6: Individual Deductions
Chapter 7: Investments
Chapter 8 Individual Income Tax Computation and Tax Credits

Part III: Business-Related Transactions
Chapter 9: Business Income, Deductions, and Accounting Methods
Chapter 10: Property Acquisition and Cost Recovery
Chapter 11: Property Dispositions

Part IV: Specialized Topics
Chapter 12: Compensation
Chapter 13: Retirement Savings and Deferred Compensation
Chapter 14: Tax Consequences of Home Ownership

Part V: Entity Overview and Taxation of C Corporations
Chapter 15: Business Entities Overview
Chapter 16: Corporate Operations
Chapter 17: Accounting for Income Taxes
Chapter 18: Corporate Taxation: Non-liquidating Distributions
Chapter 19: Corporate Formation, Reorganization, and Liquidation

Part VI: Taxation of Flow-Through Entities
Chapter 20: Forming and Operating Partnerships
Chapter 21: Dispositions of Partnership Interests and Partnership Distributions
Chapter 22: S Corporations

Part VII: Multijurisdictional Taxation and Transfer Taxes
Chapter 23: State and Local Taxes
Chapter 24: The U.S. Taxation of Multinational Transactions
Chapter 25: Transfer Taxes and Wealth Planning