Understanding Corporate Taxation, Fourth Edition (Carolina Academic Press Understanding)

Looking for a comprehensive guide to navigate the complexities of corporate taxation? Look no further than Understanding Corporate Taxation, Fourth Edition (Carolina Academic Press Understanding) book. This highly accessible treatise is designed to break down intricate concepts and make them easily understandable for readers of all backgrounds. With its straightforward language, charts, checklists, and examples, you'll gain a solid understanding of corporate taxation in no time. Plus, the fourth edition is fully updated for the latest tax changes, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the 2017 tax reforms. Whether you're a student or a tax professional, this book is an essential resource to supplement any corporate tax casebook or use on its own.

From the very beginning, Understanding Corporate Taxation delves into the important choices businesses face, such as the selection of the right business form. It covers the crucial principle of double taxation that affects corporate profits and provides insights into the Qualified Business Income deduction. Additionally, you'll find a thorough explanation of anti-abuse rules, like the step-transaction doctrine, which are vital for avoiding potential pitfalls. With this book, you'll gain the knowledge necessary to navigate these concepts with ease.

The book takes a cradle-to-grave approach, guiding you through the entire life cycle of a corporation. It starts with formation and capitalization, covering topics such as operational issues and the capital structure of a corporation. You'll explore distributions of cash or property, stock redemptions, stock dividends, and more. As you progress, the book delves into advanced topics like taxable stock or asset acquisitions, non-taxable corporate reorganizations, and divisions. Gain a deep understanding of tax attributes carryover and the treatment of corporate tax shelters. Plus, a dedicated chapter on S corporations offers valuable insights into single-tax paradigms and the Qualified Business Income deduction.

Don't miss out on the opportunity to master corporate taxation. Invest in Understanding Corporate Taxation, Fourth Edition and gain the knowledge and confidence to navigate the intricacies of corporate tax. Whether you're a student, a tax professional, or simply looking to expand your financial literacy, this book is an invaluable resource. Take control of your understanding and get your copy today!