Corporate Taxation, Second Edition

Features:

• Focuses student attention on core principles and policies to enable students to learn the major patterns and themes of corporate tax
• Encourages students to learn the law from the basic source material --the Code and regulations--as supplemented by concise explanations when needed
• Many problems, questions, and examples help lead students through the challenging material
• An organizational structure that bridges concepts learned in the introductory income tax course and those presented in advanced tax classes. The text begins with subchapter S--an area of growing, practical significance--which serves to link individual and separate entity taxation
• Presents the taxation of transactions using a and#34;and#34;building-blockand#34;and#34; approach from basic to complex transactions. This approach helps students to grasp that many complex transactions are merely combinations of simpler ones, and that a given transaction may be structured in different ways to achieve different tax consequences
• Cases and other source materials are edited concisely and note material is kept to a manageable length
• Completely up-to-date. The organizational structure and text are fully integrated to reflect current developments, including codification of the economic substance doctrine; impact of corporate tax shelters and application of substance-over-form doctrine; increased importance of passthrough tax principles; comparable treatment of dividends and long-term capital gain; recent changes affecting acquisitive and divisive reorganizations; and policy implications of current corporate tax reform options