TAILIEUCHUNG - Lecture Taxation of individuals and business entities 2015 - Chapter 1: An introduction to tax

Upon completing this chapter, you should be able to: Demonstrate how taxes influence basic business, investment, personal, and political decisions; discuss what constitutes a tax and the general objectives of taxes; describe the different tax rate structures and calculate a tax; identify the various federal, state, and local taxes; apply appropriate criteria to evaluate alternate tax systems. | Chapter 1 An Introduction to Tax Learning Objectives Demonstrate how taxes influence basic business, investment, personal, and political decisions Discuss what constitutes a tax and the general objectives of taxes Describe the different tax rate structures and calculate a tax Identify the various federal, state and local taxes Apply appropriate criteria to evaluate alternate tax systems Who cares about taxes? Businesses: What organizational form should a business use? Where should the business locate? How should business acquisitions be structured? How should the business compensate employees? What is the appropriate mix of debt and equity for the business? Should the business rent or own its equipment and property? How should the business distribute profits to its owners? Who cares about taxes? Politicians: Politicians often distinguish themselves from their opponents based on their tax rhetoric. Voters must have basic knowledge of taxes to evaluate the merits of alternative tax .

• Kinh tế học
• Business entities
• Individual taxation
• Multijurisdictional taxation
• Transfer taxes
• Tax rate structures
• Federal taxes
• Urban market business entities
• Competitiveness of urban market business entities
• Market business entities
• Organization and management capacity
• Finance competence and business performance
• Essentials of taxation
• Business tax credits
• Corporate alternative minimum tax
• Limited liability entities
• Profits and distributions
• Entity legal classification
• Nontax characteristics
• Business income
• Accounting methods
• Operating partnerships
• Flow through entities
• The financial statements
• Business deductions
• Financial statements
• Loss limitations
• Property transactions
• Corporate taxation
• Nonliquidating distributions
• Corporate formation
• Taxable acquisitions
• Partnership interests
• Partnership distributions
• Operating distributions
• Post termination transition period
• Local taxes
• Income taxes
• Multinational transactions
• Taxing multinational transactions
• Wealth planning
• Tax compliance
• Tax authorities
• Tax planning strategies
• Related limitations
• Individual income tax
• Filing status
• Gross income
• Recognize income
• Individual deductions
• Deductions for AGI