Principles of Taxation for Business and Investment Planning 2027: Evergreen Release ISE

PART ONE: EXPLORING THE TAX ENVIRONMENT

1. Taxes and Taxing Jurisdictions

2. Policy Standards for a Good Tax

PART TWO: FUNDAMENTALS OF TAX PLANNING

3. Taxes as Transaction Costs

4. Maxims of Income Tax Planning

5. Tax Research

PART THREE: THE MEASUREMENT OF TAXABLE INCOME

6. Taxable Income from Business Operations

7. Property Acquisitions and Cost Recovery DeductionsAppendix 7–A: Midquarter Convention Tables

8. Property Dispositions

9. Nontaxable Exchanges

PART FOUR: THE TAXATION OF BUSINESS INCOME

10. Sole Proprietorships, Partnerships, LLCs, and S CorporationsAppendix

10–A: Calculating the QBI Deduction When Taxable Income Is in the Phase-in Range

11. The Corporate TaxpayerAppendix

11–A: Schedule M-3 for Reconciling Book and Taxable Income

12. The Choice of Business Entity

13. Jurisdictional Issues in Business Taxation

PART FIVE: THE INDIVIDUAL TAXPAYER

14. The Individual Tax Formula

15. Compensation and Retirement Planning

16. Investment and Personal Financial PlanningAppendix

16–A: Comprehensive Schedule D Problem

17. Tax Consequences of Personal ActivitiesAppendix

17–A: Social Security Worksheet (Adapted from IRS Publication 915)

PART SIX: THE TAX COMPLIANCE PROCESS

18. The Tax Compliance ProcessAPPENDIXES

Appendix A: Present Value of $1

Appendix B: Present Value of Annuity of $1

Appendix C: 2026 Income Tax Rates

Principles of Taxation for Business and Investment Planning 2027 focuses on the role taxes play in business and investment decisions, presenting the general roles of taxation and discussing its implications for all tax-paying entities before delving into a specific exception. The benefit of this approach is a strong grasp of the fundamental principles informing taxation rules: students comprehend the framework of the tax system, making future changes to the tax code easier to understand-no matter how many there are.