Federal Income Tax of Corporations and Partnerships (Third Edition)

Author: Richard L. DeAngelo, Abrams
Publisher:
Publish Date: 2003-12-01
Features: This book primarily explains the tax issues of U.S. business entities. The authors have collected extensive materials and the latest regulations, cases, and designed questions suitable for students to understand tax practice. By systematically organizing key content in the tax field and using numerous calculations and cross-references, it helps readers grasp the essentials of taxation. The book is divided into three parts, analyzing C-class companies that are taxed according to the standard corporate tax system, 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 businesses, 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 set high but practical requirements for readers, enabling them to adapt to new developments in tax legal practice. Additionally, a teacher's manual is provided to summarize key teaching points and answer difficult questions.