Unfortunately we do not have a summary for this item at the moment

Wiley empowers learners, researchers, universities, and corporations to achieve their goals in an ever-changing world. For over 200 years, Wiley has been helping people and organizations develop the skills and knowledge they need to succeed. Wiley develops digital education, learning, assessment, and certification solutions to help universities, businesses, and individuals move between education and employment and achieve their ambitions. By partnering with learned societies, we support researchers to communicate discoveries that make a difference. Our online scientific, technical, medical, and scholarly journals, books, and other digital content build on a 200-year heritage of quality publishing.

About the Authors ix About the Regulation Professors xi Welcome to Regulation xiii Ethics, Professional Responsibilities, and Federal Tax Procedures 1 Ethics and Responsibilities in Tax Practice 2 Regulations Governing Practice before the IRS 2 Internal Revenue Code and Regulations Related to Tax Return Preparers 7 Licensing and Disciplinary Systems 12 Federal Tax Practice and Procedures 15 Substantiation and Disclosure of Tax Positions 15 Taxpayer Penalties 18 Sources of Tax Authority and Research 23 Tax Practice and Procedure 28 Compliance Responsibilities 32 Legal Duties and Responsibilities 37 Common Law Duties and Liabilities to Clients and Third Parties 37 Privileged Communications, Confidentiality, and Privacy Acts 46 Business Law 51 Contracts 52 Introduction and Classification 52 Applicable Laws 52 Types of Contracts 55 Formation 59 Offer and Acceptance 59 Consideration 67 Writing and Records: The Statute of Frauds 73 Defenses to Formation 79 Performance 85 Defining Performance and Breach 85 Discharge of Performance 91 Passage of Title and Risk of Loss 95 Remedies 102 Types of Remedies 102 Formulas for Damages 105 Third-Party Rights 110 Agency 115 Types of Agency Relationships and Creation 115 Duties of Agents and Principals 119 Contract Liability of Agents and Principals 125 Tort Liability of Agents and Principals 128 Debtor-Creditor Relationships 133 Rights, Duties, and Liabilities of Debtors, Creditors, Sureties, and Guarantors 133 Suretyship-Introduction, Creation, and Types 133 Suretyship-Rights of Parties 137 Article 9 UCC Secured Transactions 142 Introduction and Creation of Security Interests 142 Perfection of Security Interests 146 Priorities in Security Interests 151 Rights of Secured Parties and Debtors 155 Bankruptcy and Insolvency 158 Prebankruptcy Options, and Introduction to and Declaration of Bankruptcy 158 Bankruptcy Process 167 Distribution of Debtor's Estate 172 Discharge and Reaffirmation Agreements 176 Government Regulation of Business 179 Federal Securities Regulation 179 Federal Securities Regulation: Defining a "Security" 179 The Registration Process 181 Exempt Transactions and Securities 184 Liability Provisions-1933 Act 194 Purposes, Requirements, and Provisions of the 1934 Act 200 Criminal Liability 208 Other Federal Laws and Regulation 210 Employment Tax 210 Affordable Care Act 216 Worker Classification Laws and Regulations 223 Business Structure 230 Selection and Formation of Business Entity and Related Operation and Termination 230 Selection of a Business Entity 230 Formation 236 Operations: Nonfinancial Factors 238 Financial Structure 241 Termination 247 Rights and Duties 250 Authority of Owners and Managers 255 Federal Taxation of Property Transactions 259 Introduction to Tax Review 260 Recent Developments in Tax Law 268 Property Transactions 270 Sales and Dispositions of Assets 270 Capital Gains and Losses 274 Section 1231 Assets 283 Section 1231 Assets-Cost Recovery 290 Like-Kind Exchanges and Involuntary Conversions 301 Other Nonrecognition Transactions 307 Federal Taxation of Individuals 313 Income 314 Gross Income-General Concepts and Interest 314 Gross Income-Other Inclusions 320 Gross Income-Exclusions 323 Taxation of Income from Business Entities 326 Accounting Methods and Periods-Individuals 334 Taxation of Employee Benefits 341 Taxation of Retirement Plans 348 Deductions 354 Deductions-Basic Principles 354 Deductions for AGI 356 Itemized Deductions-Medical, Taxes, Interest 359 Itemized Deductions-Other 364 Business Expenses 370 Deductions-Losses and Bad Debts 373 Limitations on Business Deductions 376 Individual Tax Issues 382 Tax Dependents 382 Filing Status 385 Alternative Minimum Tax and Other Taxes 389 Tax Planning Strategies for Individuals 394 Tax Credits 399 Personal Tax Credits 399 Estate and Gift Taxation 407 Federal Gift Tax 407 Federal Estate Tax 414 Federal Taxation of Entities 423 Corporate Taxation 424 Formation of a Corporation 424 Corporate Income 429 Accounting Methods and Periods-Corporations 433 Special Corporate Deductions 436 Penalty Taxes 441 Taxation of Related Corporations 445 Distributions from a Corporation 448 Corporate Redemptions and Liquidations 452 Corporate Reorganizations 458 Multijurisdictional Tax Issues 464 State and Local Taxation 464 Taxation of Foreign Income 469 Tax-Exempt Entities 477 Tax-Exempt Organizations 477 Partnership Taxation 481 Formation and Basis 481 Flow-Through of Income and Losses 488 Transactions with Partners 492 Partnership Distributions 495 Sales and Terminations 500 S Corporation Taxation 504 Eligibility, Election, Termination 504 Income and Basis 507 Distributions and Special Taxes 512 Fiduciary Taxation 515 Income Taxation of Fiduciaries 515 Tax Credits 521 Business Tax Credits 521 Other Tax Issues 525 Tax Planning Strategies for Business Entities 525 Business Entity Choice 527 Index 531