James W. Pratt University of Houston
William N. Kulsrud Indiana University
Hughlene Burton University of North Carolina at Charlotte
ISBN-13: 978-1-64565-140-6
1,564 Pages; Hardcover Book
lncludes TaxActTM Software Download and Electronic Homework
Purchase Today
– Printed Book: $285.70 (Available beginning of June)
– eBook: $135.93
– Data Analytics Case: $8.70
James W. Pratt
Professor Emeritus at University of Houston
James W. (Jim) Pratt is a Professor Emeritus of Accountancy & Taxation at the University of Houston’s C.T. Bauer College of Business. Jim joined the faculty in 1972 after receiving his doctorate degree from the University of Southern California. He has published articles in leading professional journals, such as the Journal of Accountancy, Journal of Taxation, Journal of Corporate Taxation, Journal of Partnership Taxation, and The Tax Adviser. In addition to his contributions as an author and editor, Jim has received several awards for outstanding teaching. He has also taught in continuing professional education programs for more than 40 years and has served as a tax training consultant for several national and local accounting firms.
William N. Kulsrud
Professor Emeritus at Indiana University
William N. (Bill) Kulsrud is a Professor Emeritus of Accounting at the Kelley School of Business of Indiana University, Indianapolis/Bloomington, and formerly served as Chair of the Master of Science in Accounting and Master of Science in Taxation programs. Bill joined the faculty in 1979 after receiving his Ph.D. from the University of Texas. He has published numerous articles, which have appeared in leading professional journals such as the Journal of Taxation, Journal of Corporate Taxation, The Tax Adviser, Taxation for Accountants, and Taxes—The Tax Magazine. In addition to his contributions as an author and editor, Bill has received many awards for outstanding teaching. In 1990, he was named Accounting Educator of the Year by the Indiana C.P.A. Society. He has also taught hundreds of professional education programs for national and local accounting firms and has developed materials used in their continuing education programs. Bill and author Steve Thompson founded National Tax Education, which provided continuing education for tax professionals throughout the country.
Hughlene Burton
University of North Carolina, Charlotte
Hughlene Burton is an Associate Professor of Accounting at the Belk College of Business of the University of North Carolina–Charlotte. She received her BS in Accounting from Wake Forest University and her Ph.D. from the University of Alabama. She is the former Director of the Turner School of Accountancy. She is a CPA and joined the Belk College in 1996. Before joining academia, she was a tax manager with EY in Charlotte and Greensboro. Her research interests include corporate integration, tax policy, and corporate and international tax issues.
Contributing Authors
Hughlene A. Burton, Ph.D., C.P.A. University of North Carolina at Charlotte
Ramon Fernandez, M.B.A., C.P.A., C.F.P.® University of St. Thomas (TX)
Robert W. Jamison, Ph.D., C.P.A. Indiana University
William N. Kulsrud, Ph.D., C.P.A. Indiana University
James M. Motter, Ph.D., C.P.A. Indiana University
Nathan Oestreich, Ph.D., C.P.A. San Diego State University
James W. Pratt, D.B.A., C.P.A. University of Houston
Edward J. Schnee, Ph.D., C.P.A. University of Alabama
Steven C. Thompson, Ph.D., C.P.A. Texas State University
Amy J.N. Yurko, J.D., Ph.D. Duquesne University
James W. Pratt University of Houston
William N. Kulsrud Indiana University
Hughlene Burton University of North Carolina at Charlotte
ISBN-13: 978-1-64565-140-6
__ Pages; Hardcover Book
lncludes TaxActTM Software Download and Electronic Homework
Purchase Today
– Printed Book: Coming Soon
– eBook: Coming Soon
– Data Analytics Case: $8.70
To offer maximum flexibility in your course, Pratt & Kulsrud’s Federal Taxation not only focuses on the federal income taxation of individuals, it also covers topics such as the income taxation of regular corporations and shareholders; the taxation of partnerships and S corporations; federal estate and gift taxation; the income taxation of estates, trusts, and beneficiaries; and the major aspects of family tax planning. Includes TaxAct desktop software and Electronic Homework.
Chapter 1 — An Overview of Federal Taxation
Chapter 2 — Tax Practice and Research
Chapter 3 — Taxable Entities; Tax Formula; Introduction to Property Transactions
Chapter 4 — Personal and Dependency Exemptions; Filing Status; Determination of Tax
for an Individual; Filing Requirements
Chapter 5 — Gross Income
Chapter 6 — Gross Income: Inclusions and Exclusions
Chapter 7 — Overview of Deductions and Losses
Chapter 8 — Employee Business Expenses
Chapter 9 — Capital Recovery: Depreciation, Amortization, and Depletion
Chapter 10 — Certain Business Deductions and Losses
Chapter 11 — Itemized Deductions
Chapter 12 — Deductions for Certain Investment Expenses and Losses
Chapter 13 — The Alternative Minimum Tax and Tax Credits
Chapter 14 — Property Transactions: Basis Determination and Recognition of Gain or Loss
Chapter 15 — Nontaxable Exchanges
Chapter 16 — Property Transactions: Capital Gains and Losses
Chapter 17 — Property Transactions: Dispositions of Trade or Business Property
Chapter 18 — Employee Compensation and Retirement Plans
Chapter 19 — Corporations: Formation and Operation
Chapter 20 — Corporate Distributions, Redemptions and Liquidations
Chapter 21 — Taxation of Corporate Accumulations
Chapter 22 — Taxation of Partnerships and Partners
Chapter 23 — S Corporations
Chapter 24 — The Federal Transfer Taxes
Chapter 25 — Income Taxation of Estates and Trusts
Chapter 26 — Family Tax Planning
Appendix A — Tax Rate Schedules and Tables
Appendix B — Tax Forms
Appendix C — Modified ACRS Tables
Appendix D — Continuous Individual Tax Return Problems and Three Comprehensive
Individual Tax Return Problems for 2021
Appendix E — Glossary of Tax Terms
Index
Quick Reference
Use the 2023 Tax Series with complete confidence that your course incorporates the most timely tax and business developments, including all updates to Internal Revenue laws, legislation, judicial decisions and administrative pronouncements by the Treasury Department and the Internal Revenue Service.
Selected end of chapter problems are now available in e-format. Benefits include:
If you plan on using the electronic homework, please contact pkhelp@van-griner.com. A representative will be in contact with you about setting up your access to the online homework and integration into your LMS. If you plan on an LMS integration, reach out to your LMS contact as soon as possible about the submission process for external integrations at your school. We need to allow for ample time for this process. We will work directly with your LMS team and will provide you with detailed instructions that you will be able to share with your students and instructors.
This helpful summary of key points begins each chapter to draw student attention to the most critical topics in the chapter and summarize what students should understand after completing the chapter. Margin notes further focus attention on where the Objectives appear in the text presentation.
One of today’s most popular tax preparation software choices,TaxAct is available with each new copy of this edition and provides an ideal tool for guiding users through the tax return process with a dependable, user-friendly approach.
A variety of assessment tools at the end of each chapter check student understanding. These assessment tools include discussion questions and computational problems as well as tax-return problems that highlight topics discussed in the chapter.
We also have a tool that both instructors and students should like, our Quick References for Form 1040. Immediately preceding the inside back cover, you will find a Form 1040. For each line, we have inserted a page number in the text where the item for this line is discussed. These references should help instructors find where we cover various topics and help students understand how a particular topic translates to the form in addition to aiding them when preparing tax return problems.
Challenging, hypothetical situations throughout this edition encourage students to practice strong reasoning and discerning judgment as they resolve practical tax examples.
If you’d like to introduce your students to data analytics through a case study, Van-Griner Learning offers a complimentary case when bundled with print copies of Individual Taxation or Federal Taxation by Pratt & Kulsrud. Tax Reform: A Case Using Data Analytics (Sawyers, Dow, Jones, ISBN 978-1-61740-783-3) requires your students to interact with a United States government data set to understand how the Tax Cuts and Jobs Act of 2017 (TCJA) has impacted constituents depending on their zip codes. This case could be assigned during or after Chapter 11 (Itemized Deductions) in Individual Taxation or Federal Taxation. The case will take students approximately 2.5–3 hours to complete, and it comes with teaching notes and excel-based solutions for faculty. For more details about the case, please visit this link.
This wealth of objective and short-answer review questions throughout this addition review the book’s key concepts to confirm that students thoroughly understand the most important aspects of each tax topic.
Purchase of this book includes access for a limited time to the educational version of TaxAct Software. Use and access to the software is governed by terms and conditions as set forth by TaxAct, Inc. TaxAct, Inc. has reserved the right to limit or terminate access to the software in its discretion. Use of the software is intended solely for educational purposes as the version of the software made available may not include real time updates to modifications to the U.S. Tax Code. The educational version of the software is not intended to be used for the preparation of any tax return to be submitted to the Internal Revenue Service.
This software is not MAC compatible. Enter your access code (with dashes) from your book and your email address. Click Enter. Your software will download automatically to your computer. Follow the download and installation instructions. You will gain access to the 2021 TaxAct Desktop Software.
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