Description
Book Synopsis: Tax doctrines rest on a handful of concepts -- just six, in fact. Armed with six concepts, you can decipher the law. In the United States, more so than in any other developed country, the tax law hosts many of the government's most important social and economic policies. Health care, housing, financial markets, education, and poverty, for example, involve tax. In short, tax turns out to host many interesting and pressing public policy problems. This book introduces the six concepts and uses them to unpack leading cases and real-world transactions. The six are valuation, net income, realization, tax deferral, substance over form and income-shifting. The cases discussed involve one (or two) of the six concepts discussed. This book also looks beyond the classroom. At every step, real-world transactions are included to show how tax planning harks back to the six concepts. Of course, tax law, like all law, is full of ambiguity and contradiction. Sometimes there is no single right answer. Courts reach conflicting decisions and use inconsistent reasoning. But the six concepts explain the conflicts within the law that give rise to ambiguity and uncertainty. The six concepts go a long way in understanding common tax-planning techniques, and the book explains common financial and real estate transactions. It includes a glossary of tax and business jargon, so you have a quick reference when a judicial opinion (or a client) invokes accelerated depreciation or nonrecourse debt.
Details
If you're a student looking to unravel the complexities of taxation, look no further than Taxation in Six Concepts: A Student's Guide, 2019. This book provides a comprehensive overview of the tax law in the United States, delving into the six essential concepts that form the foundation of taxation. With these concepts at your fingertips, you'll be equipped to decipher even the most intricate tax doctrines.
But why is understanding taxation so crucial? In the United States, taxation plays a pivotal role in shaping the country's social and economic policies. From healthcare and housing to financial markets and education, tax laws are at the heart of these pressing public policy problems. By grasping the six key concepts, you'll gain insight into how taxation influences these areas and how they, in turn, impact the tax system.
What sets this book apart is its practical approach. It not only explores leading cases but also presents real-world transactions to demonstrate how tax planning is intricately tied to the six concepts. You'll gain a deeper understanding of common tax-planning techniques and how they apply to financial and real estate transactions. Plus, with a glossary of tax and business jargon included, you'll have a handy reference guide to decode complex terms.
It's important to acknowledge that tax law can be ambiguous and contradictory. Conflicting decisions and inconsistent reasoning can leave you perplexed. However, the six concepts discussed in this book shed light on the conflicts within the law, offering clarity amidst uncertainty. Armed with this knowledge, you'll be better prepared to navigate the intricacies of tax planning and make informed decisions.
To unlock the secrets of taxation and become a master of the six concepts, grab your copy of Taxation in Six Concepts: A Student's Guide, 2019 today. Don't miss out on this invaluable resource that will empower you as a student and future tax professional.
Click here to get your hands on the book now.
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