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Advanced Strategies in Taxation

Advanced Strategies in Taxation - 4th edition

ISBN13: 978-0072866544

Cover of Advanced Strategies in Taxation 4TH 05 (ISBN 978-0072866544)
ISBN13: 978-0072866544
ISBN10: 0072866543
Edition: 4TH 05
Copyright: 2005
Publisher: Richard D. Irwin, Inc.
Published: 2005
International: No

Advanced Strategies in Taxation - 4TH 05 edition

ISBN13: 978-0072866544

Sally Jones and Shelley C. Rhoades-Catanach

ISBN13: 978-0072866544
ISBN10: 0072866543
Edition: 4TH 05
Copyright: 2005
Publisher: Richard D. Irwin, Inc.
Published: 2005
International: No

In response to market demand, Principles of Taxation: Advanced Strategies, by Sally Jones and Shelley Rhoades-Catanach, was developed to provide coverage of advanced tax topics. This book is ideal for students who studied Principles of Taxation for Business and Investment Planning in their introductory tax course. The two textbooks provide an integrated two-semester sequence of topics that represent a complete educational package for tax students. Nevertheless, Advanced Strategies is written in a self-contained manner. While its approach is consistent with Principles, the technical content builds on knowledge that students should know from their introductory tax course, regardless of the textbook used. Advanced Strategies explores the tax consequences of many, sophisticated business, financial, and personal wealth-planning transactions.The discussion of tax issues emphasizes the development and implementation of strategies to make transactions as tax efficient as possible to all parties involved. Many of the tax strategies are analyzed in terms of their impact on net cash flows and on the income statements and balance sheets of the transacting parties.


  • Advanced Strategies, downplays extraneous tax code details and focuses on concepts as the tax codes are constantly changing and it is most important that the student understand the reasoning behind the tax codes and the concepts.
  • The new edition of Jones explores tax consequences of many types of sophisticated business, financial, and personal wealth-planning transactions.
  • Each transaction is presented in a business context and the non-tax motivations and goals are examined before the tax issues are identified.
  • Addresses all technical topics specified in the AICPA's Model Curriculum for the advanced tax course.
  • Topics are organized functionally, according to the type of business transaction to which they relate. This provides a superior conceptual framework that will help students understand the rationale behind complicated technical rules.
  • The conceptual framework helps students recognize common themes that unite many seemingly unrelated topics and, in doing so, increases their understanding of the basic structure of tax law.
  • Provides distinctive end-of-chapter material including Questions and Problems for Discussion, Application Problems, Issue Recognition Problems, Research Problems and Tax Planning Cases, all of which helps the student to become comfortable with navigating and analyzing tax laws as they apply to accounting.

Table of Contents

PART ONE -- Strategic Tax Planning

1. Introduction
2. Tax Research

PART TWO--Tax Strategies for New Businesses

3. Organizational Strategies
4. Employee Compensation Strategies

PART THREE--Business Operating Strategies

5. Income Measurement and Reporting
6. Business Incentive Provisions
7. Income and Loss Allocations by Passthrough Entities
8. Distributions to Business Owners

PART FOUR--Strategies for Business Growth and Expansion

9. Multiple-Entity Business Structures
10. Multistate Business Expansion
11. International Business Expansion

PART FIVE--Business Capital Transactions

12. Dispositions of Equity Interests In Business Entities
13. Corporate Acquisitions, Mergers, and Divisions
14. Business Liquidations and Terminations

PART SIX --Personal Wealth Planning

15. The Transfer Tax System
16. Income Taxation of Trusts and Estates
17. Wealth Transfer Planning

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