Basic Federal Income Taxation

Richard A. Westin's accessible casebook combines a strong problems approach with a sufficient level of policy considerations to provide a coherent structure for understanding Federal Income Taxation.Designed to facilitate teaching and learning, Basic Federal Income Taxation:
- uses text, tightly edited cases, and problems to explain concepts
- covers all the major topics of Federal Income Taxation in a concise presentation
- offers an outstanding group of problems--brief ones to test understanding and more in-depth ones to engage students in tax planning--to ensure comprehension of the rules
- deftly integrates policy issues and tax procedure to enlighten, instead of overwhelming, the student
- is organized for readability, with each major heading followed by references to the associated Code and regulations
- facilitates case analysis through explanatory text that introduces the factual context for most cases, as well as notes after the cases
- supplies basic background on financial theory, such as discounting, cash flows, and internal rates of return and original issue discount
- includes a glossary of terms at the end of the bookThe casebook prepares students for future practice by:
- discussing the rules of practice before the IRS
- offering practical advice regarding the appropriate level of aggressiveness when representing a taxpayer
- presenting examples of primary tax forms filed by individuals
- providing selected examples from different countries to awaken interest in comparative law
- introducing the primary rules of professional responsibility that arise in the field