TAILIEUCHUNG - Ebook Concepts in federal taxation (2012 edition): Part 2

(BQ) Part 2 book "Concepts in federal taxation" has contents: Acquisitions of property, property dispositions, nonrecognition transactions, choice of business entity—other considerations, choice of business entity—operations and distributions,.and other contents. | P A R T IV Property Transactions CHAPTER 9 Acquisitions of Property p. 9-3 CHAPTER 10 Cost Recovery on Property: Depreciation, Depletion, and Amortization p. 10-1 Monkey Business Images, 2009/Used under license from CHAPTER 11 Property Dispositions p. 11-1 CHAPTER 12 Nonrecognition Transactions p. 12-1 Virtually all persons or objects in this country . . . may have tax problems. Every day the economy generates thousands of sales, loans, gifts, purchases, leases wills and the like, which suggests the possibility of tax problems for somebody. Our economy is tax relevant in almost every detail. —Potter Stewart This page intentionally left blank CHAPTER 9 Acquisitions of Property LEARNING OBJECTIVES 1. Distinguish and define different types and classes of property. 6. Discuss the tax aspects of various ways to purchase the assets of a business. 2. Provide an overview of the property investment cycle from acquisition through disposition, and discuss the tax problems encountered throughout the cycle. 7. Describe the rules for determining the initial basis of gift property, inherited property, and personal use property converted to business use property. 3. Explain the calculation of a property’s adjusted basis. 8. Explain the tax problems associated with determining the initial basis of securities. 4. Distinguish a realized from a recognized gain or loss on a disposition of property. 5. Explain how to determine the initial basis of purchased property. CONCEPT REVIEW GENERAL CONCEPTS Arm’s-length transaction A transaction in which all parties have bargained in good faith and for their individual benefit, not for the benefit of the transaction group. p. 2-4 Related party Family members and corporations that are owned by family members are considered related parties, as are certain other relationships between entities in which the power to control the substance of a transaction is evidenced through majority ownership. p. .

• Luật học
• Concepts in federal taxation
• Federal taxation
• Acquisitions of property
• Property dispositions
• Nonrecognition transactions
• Business entity—other considerations
• Taxation of individuals
• Income tax concepts
• Income exclusions
• Business expenses
• Deductions and limitations
• Discussion Cases
• Planning Cases
• General Concepts
• Entity Concept
• Period Concept
• Annual Accounting