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Taxation for Decision Makers 2006, 3/E
Shirley A. Dennis-Escoffier
Karen A. Fortin

ISBN-10: 0131496840
ISBN-13: 9780131496842

Publisher: Prentice Hall
Copyright: 2006
Format: Cloth; 576 pp
Status: Out of Print

Suggested retail price: $173.33
This item is out of print and is no longer available for purchase.

For one-semester undergraduate or graduate introductory tax courses for accounting or business majors.

 

Provides an alternative to traditional books by placing an emphasis on tax planning and coverage of all business entities in addition to that of individuals.  The emphasis is on determining the effect taxes have on business strategy planning decisions (while balancing this with good technical detail). 

 

 

For one-semester undergraduate or graduate introductory tax courses for accounting or business majors.

 

Provides an alternative to traditional books by placing an emphasis on tax planning and coverage of all business entities in addition to that of individuals.  The emphasis is on determining the effect taxes have on business strategy planning decisions (while balancing this with good technical detail). 

 

Q: What do your students most need from this course?  Are they going to make strategic business decisions with the information they get, or actually do tax preparation? 

 

A: Dennis-Escoffier is unique in its emphasis on learning tax in order to determine the effect that taxes have on business strategy. 

 

  • The Importance of Tax Planning is Emphasized and woven into each chapter with margin icons highlighting planning opportunities. The fundamentals of tax planning and the impact of taxes in maximizing after-tax cash flow are introduced in Chapter 2 and are expanded on throughout the text, emphasizing the critical role that taxes play in decision making and business strategies.

o        Students see taxation as a strategic business issue, thereby motivating their study.

 

  • Unique Cases and Extensive Examples in Each Chapter - Each chapter-opening case introduces key issues while promoting critical analysis and decision making skills; the case is then revisited at the end of the chapter.  Examples are woven throughout. 

o        This contributes to the students’ ability to understand the rationale behind complex provisions while tackling rigorous topics through numerous simple but realistic examples.

 

OTHER KEY POINTS OF DIFFERENTIATION

 

Concise: do you get through all of the material in your book?  Do you have time to bring in what you want?

 

·         Comprehensive yet Concise: The only text to introduce all topics on the CPA exam while striking the perfect balance between concepts and details. End-of-chapter appendices introduce topics not typically covered in a first tax course including corporate reorganizations, state and local taxation, and taxation of nonprofit entities. Ideal for an instructor who wants to provide more succinct coverage than is available in a longer text.

 

·         For accounting majors who take only one course, this text provides the basic coverage that most practitioners consider the most important topical areas. It also clearly provides the student with a blueprint for doing tax research (a topic that is emphasized on the computerized CPA exam).

 

·         Ideal for a One-Semester Introductory Course at the undergraduate or graduate level. Designed around the AICPA Model Tax Curriculum while offering the flexibility of rearranging the chapters to cover individual taxation topics before business taxation.

 

Practice: how do your students learn best?  Do they get enough realistic exposure to develop their planning skills? 

~Outstanding End-of-Chapter Materials include more than 60 problems for each chapter. Unique Think Outside the Text problems develop critical thinking skills. Develop Planning Skills problems provide students opportunities to test their knowledge in planning situations placing them in the role of tax advisor. Comprehensive problems integrate topics covered in several different chapters.

 

~Prepare Students for Tax Practice with the only introductory tax text to include screen captures of the two tax services most used by tax professionals that illustrate step-by-step how to do tax research. The end-of-chapter research problems throughout the text assist in developing research skills, critical for success on the new CPA exam.

 

·         New Expanded Topics section - a new section has been added at the end of several chapters.

o        For instructors who wish to challenge their students but which could be omitted to allow more time for the preceding material.

 

·         Tax research coverage expanded - to acknowledge the importance of research in today’s tax practice and increased emphasis on the CPA exam, the section on tax research has been moved to an appendix at the end of Chapter 2 making it easier to assign at any point during the term. This is complemented by an updated appendix illustrating step-by-step instructions through screen captures of the two subscription-based internet tax services most frequently used by tax professionals. End-of-chapter research problems allow students to practice research using tax authorities available on the Internet without a charge and give students practice with the research and writing skills required to complete the tax simulations on the CPA exam.

 

·         Book/tax differences - increased coverage of accounting for income taxes and book/tax differences in Chapter 5

 

·         More flexibility - Chapter 11 Taxation of Individuals modified to make it easier for those who wish to cover this chapter earlier in the term (such as after Chapter 4)

 

·         Tax planning emphasized - more emphasis on tax planning integrated throughout the text

 

·         Completely updated  - revised to include all new legislation including the American Jobs Creation Act of 2004 and the Working Families Tax Relief Act of 2004


 

I. INTRODUCTION TO TAXATION AND ITS ENVIRONMENT.

1 An Introduction to Taxation.

2. The Tax Practice Environment.

Appendix 2A: Tax Research.

II. INCOME AND EXPENSE DETERMINATION.

3. Determining Gross Income.

4. Employee Compensation.

5. Business Expenses.

III. PROPERTY CONCEPTS AND TRANSACTIONS.

6. Property Acquisitions and Cost Recovery Deductions.

7. Property Dispositions.

8. Tax-Deferred Exchanges.

Appendix 8A: Reorganization.

IV. BUSINESS TAXATION.

9. Taxation of Corporations.

Appendix 9A: Exempt Organizations.

Appendix 9B: Multistate Issues.

10. Sole Proprietorships and Flow-Through Entities.

V. TAXATION OF INDIVIDUALS.

11. Income Taxation of Individuals.

12. Wealth Transfer Taxes.

Appendix A: Tax Research—Using CCH Tax Research NetWork™ and RIA Checkpoint®.

Appendix B: Present Value and Future Value Tables.

Appendix C: Sample Filled-in Tax Returns.

Appendix D: Tax Return Problems.

Index.

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Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Higher Education representative.


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