Federal Income Tax of Corporations and Partnerships (Case and Materials Series)

Author: DeWongberg
Publisher:
Publish Date: 2003-12-01
Features: This book primarily explains the tax issues of U.S. business entities. The author has collected extensive materials and the latest regulations, cases, and designed questions suitable for students to understand tax practice. Through a layered review of important content in the tax field, along with numerous calculations and cross-references, it helps readers grasp the essentials of taxation. The book is divided into three parts, analyzing C-class companies taxed under standard corporate tax standards from aspects such as establishment characteristics, operational processes, profit distribution, and tax calculations; S-class companies similar to partnerships in tax treatment, and K-class partnerships taxed under Section K of the U.S. Internal Revenue Code. It also explains the rapid development of limited liability companies and composite enterprises, the applicability of the Anti-Morris Trust Act, the relaxation of restrictions on S-class company shareholders, and other new legal practices. Finally, it lists reference materials for students to consult. The two authors are experts in international tax law and have set high but practical requirements for readers, enabling them to adapt to new developments in the legal practice of taxation. Additionally, a is provided, summarizing key teaching points and addressing difficult questions.