|aFederal income tax :|ba student's guide to the Internal Revenue Code /|cby Douglas A. Kahn, Jeffrey H. Kahn.
|aNew York :|bFoundation Press Thomson/West,|c2011.
|axlvii, 934 p. ;|c26 cm.
|aIntroduction -- Fringe benefits -- Compensation for services -- Damages and loss recovery -- Tax benefit rule -- Gifts and inheritances -- Cancellation of debt -- Claim of right and illegal income -- Annuities, life insurance, and miscellaneous income -- Adjusted gross income, itemized deductions, and the standard deduction -- Personal and dependent exemption deductions -- Installment method -- Joint returns, head of household, and surviving -- Anticipatory assignment of income and the "Kiddie Tax" -- Alimony and child support -- Interest expense -- State and local taxes -- Losses -- Medical expenses -- Charitable contributions -- Business and nonbusiness expenses -- Depreciation and amortization -- Miscellaneous credits and deductions -- Relization and recognition -- Capital gains and losses -- Quasi-capital assets, recapture of depreciation, and sale of a business Anticipation of income -- Alternative minimum tax -- Income in respect of decedent (IRD).
Numerous illustrations are provided to help the reader understand the application of the tax rules. The text suggests rationales and underlying policies for many of the tax areas covered in a basic tax course.