Available: November 2010

Author: Scott Taub CPA

Revenue is the top line in the income statement and one of the most important figures to both preparers and users of financial statements. It is also one of the most difficult numbers in the financial statements to get right. Revenue Recognition Guide is a comprehensive reference manual covering the key concepts and issues that arise in determining when and how to recognize revenue. It covers the litany of existing authoritative literature related to revenue recognition and clarifies those revenue recognition concepts that are vague. 

For issues not addressed in the accounting literature, this Guide provides suggested accounting treatments that are consistent with general revenue recognition concepts and principles.

This edition has been updated to reflect the new FASB Accounting Standards Codification^TM    and includes both pre- and post-Codification references for quick access to the information you need in the way that you prefer accessing it. 

The Guide also provides examples of key points, includes excerpts from the financial statements of public companies, illustrating key concepts and judgments, and discusses revenue recognition projects on the agendas of the various accounting standard-setters.

Revenue Recognition Guide is organized into 13 chapters. Within these chapters, a number of Observations and Practice Pointers highlight key consequences of the accounting guidance and identifies issues to watch for when dealing with certain revenue transactions. SEC Registrant Alerts highlights issues that the SEC is particularly focused on, as well as additional guidance provided by the SEC beyond the guidance typically followed by non-public companies.
To facilitate research, the text includes references to pertinent paragraphs of the authoritative literature addressing key points.

Material can be located several ways: the Cross-Reference lists pre- and post-Codification references and shows the chapter in which a particular pronouncement is discussed; the Index provides a quick page reference based on topic.

Revenue Recognition Guide covers the following topics:

• Revenue-Related Literature
• General Principles
• Multiple-Element Arrangements
• Product Deliverables
• Service Deliverables
• Intellectual Property Deliverables
• Miscellaneous Issues
• Contract Accounting
• Software: A Complete Model
• Presentation
• Disclosures
• Future Expectations and Projects

Related Books:

• U.S. Master Tax Guide®, 2011
• Full Article

Federal Tax Course: A Guide for the Tax Practitioner offers the knowledge and know-how needed to deal effectively with all current developments in federal tax. This easy-to-use guide is written by Susan Flax Posner, one of today's most effective communicators on the tax law. The Guide presents a complete picture of the federal tax law for today's busy practitioners with clear and easy-to-understand explanations.  It discusses hundreds of tax strategies and uses real-world examples to illustrate application of tax principles. 

This comprehensive manual provides more than 2,300 pages of completely updated material, which has made it an essential and necessary reference for thousands of tax return preparers, business planners, legal advisors or business owners. The  Guide is the tax reference of choice for so many practitioners because it covers taxes in a uniquely approachable and understandable way and it helps readers avoid costly tax traps and keep tax bills at their rock-bottom minimum. Simply written and illustrated, yet comprehensive, the Guide provides:

• Eight chapters on figuring the individual tax that clearly explain all the rules and concepts involved
• Six chapters on deductions and exemptions that painstakingly present the detail in clear language
• Five chapters on withholding, AMT and tax accounting that cut through the complexity for better understanding
• Six chapters on taxation of corporations, S corporations, partnerships, and estates and trusts that plainly explain the rules
• Five chapters on returns, payments, foreign income and estate and gift that crystallize the issues

The new 2011 Edition reflects the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010, and the Hiring Incentives to Restore Employment (HIRE) Act, as well as recent regulations, rulings and case law that impact the many topics covered.

CONTENTS:

Key Tax Return Filing Facts       
Excise Tax Rates         
2011 Federal Tax Calendar

Figuring the Individual Tax

1.    Individuals Filing Status, Personal Exemptions, Standard Deduction and Rates 
2.    Gross Income Inclusions          
3.    Retirement Plans 
4.    Employee Fringe Benefits 
5.    Gross Income Exclusions
6.    Gain or Loss Basis Recognition
7.    Gain or Loss, Sale of Residence, Casualty, Theft, Condemnation
8.    Capital Gains and Losses of Individuals

Maximizing Deductions and Credits

9.    Personal Deductions
10.  Travel and Entertainment Deductions
11.  Depreciation
12.  Business Deductions
13.  Losses and Bad Debts <

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Full Article

Available: December 2011

CCH's Guidebooks to State Taxes are the classic handbooks on specific State taxation. Widely used by practitioners and all those involved in State taxes, these time-saving guides are accepted as the premier source for quick reference to all taxes levied by the state, including personal and corporate income, inheritance and gift, sales and use, and property taxes (when applicable). The 2012 Guidebooks are reflecting significant new legislation, regulations and court decisions through press time. Related Books:

• State Tax Handbook (2012)
• Guidebook to Illinois Taxes (2012)
• Guidebook to Connecticut Taxes (2012)
• Guidebook to Florida Taxes (2012)
• Guidebook to Maryland Taxes (2012)
• Guidebook to Massachusetts Taxes (2012)
• Guidebook to Michigan Taxes (2012)
• Guidebook to New Jersey Taxes (2012)
• Guidebook to New York Taxes (2012)
• Guidebook to North Carolina Taxes (2012)
• Guidebook to Ohio Taxes (2012)
• Guidebook to Pennsylvania Taxes (2012)
• Guidebook to Virginia Taxes (2012)
• Guidebook to Texas Taxes (2012)   

If you would like more details about this product, or would like to order a copy online, please click here.

Available: November 2011

CCH's Guidebooks to State Taxes are the classic handbooks on specific State taxation. Widely used by practitioners and all those involved in State taxes, these time-saving guides are accepted as the premier source for quick reference to all taxes levied by the state, including personal and corporate income, inheritance and gift, sales and use, and property taxes (when applicable). The 2012 Guidebooks are reflecting significant new legislation, regulations and court decisions through press time.

• State Tax Handbook (2012)
• Guidebook to Illinois Taxes (2012)
• Guidebook to California Taxes (2012)
• Guidebook to Florida Taxes (2012)
• Guidebook to Maryland Taxes (2012)
• Guidebook to Massachusetts Taxes (2012)
• Guidebook to Michigan Taxes (2012)
• Guidebook to New Jersey Taxes (2012)
• Guidebook to New York Taxes (2012)
• Guidebook to North Carolina Taxes (2012)
• Guidebook to Ohio Taxes (2012)
• Guidebook to Pennsylvania Taxes (2012)
• Guidebook to Virginia Taxes (2012)
• Guidebook to Texas Taxes (2012)

If you would like more details about this product, or would like to order a copy online, please click here.

Available: October 2011

A handy desktop reference containing concise explanations on major corporate tax issues that are readily accessible and easy to understand. It's an excellent resource for quick answers to the most-asked questions and at-a-glance state-to-state comparisons.

Provides return preparation guidance for use by taxpayers subject to corporate income or income-based taxes in more than one state. It provides an efficient means for practitioners to understand the rules and guidelines relevant to filing corporate income tax returns in all of the 47 states (plus New York City and the District of Columbia) that impose a corporate income tax or that impose a franchise or other tax (such as the Michigan Business Tax) at least partially measured by income.

Key elements of this helpful and annually updated publication are:

CHARTS–designed to provide quick answers to the most often asked questions regarding state corporate income taxation.

STATE BY STATE DISCUSSIONS–offer practical explanations of major corporate tax topics, including:

In addition, since most practitioners prepare federal forms first, easy access to state law differences makes filling out state returns easier. The Guide provides helpful comparisons of federal and state tax laws for each state.

HIGHLIGHTS OF KEY NEW DEVELOPMENTS–presents a summary of key legislative and regulatory changes affe

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CCH no longer publishes the 1040 Preparation and Planning Guide (or the Canadian companion book).

Instead, you are invited to consider the following books:

• 1040 Express Answers (2011) 
• 1041 Express Answers (2011) 
• 1065 Express Answers (2011) 
• 1120S Express Answers (2011) 
• Federal Tax Course (U.S.): A Guide for the Tax Practitioner (2011) 

Thank you

.

If you would like more details about this product, or would like to order a copy online, please click here.

Softcover Book #5952 - Available: November 2011   

Hard Cover Book #5882 - Available: December 2011    

The U.S. Master Tax Guide (MTG) provides helpful and practical guidance on today's federal tax law. This 95th Edition reflects all pertinent federal taxation changes that affect 2011 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax.

The 2012 MTG contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates and trusts, as well as new rules established by key court decisions and the IRS.  Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. The Master Tax Guide's explanations are meticulously researched and footnoted to provide tax practitioners with the most accurate and legally sound guidance to help them understand, apply and comply with today's complex federal tax laws.

The U.S. Master Tax Guide is built for speed with numerous time-saving features, including a tax calendar, taxpayer-specific return flowcharts, lists of average itemized deductions, selected depreciation tables, rate tables, checklists of income, deduction and medical expense items, and more. These features help users quickly and easily determine how particular tax items and situations should be treated and provides quick and clear answers to client questions.

MTG comes complete with the popular Quick Tax Facts card that can be detached for at-a-glance reference to key tax figures and other often referenced amounts used in preparing 2011 income tax returns, and a special bonus CPE course supplement entitled "Top Federal Tax Issues for 2012," which focuses in on the most significant and thorniest new tax developments affecting practitioners for the year.  The Top Federal Tax Issues Course allows professionals to earn CPE credit while keeping up-to-date on the most important tax issues (grading fee additional).

The 2012 U.S. Master Tax Guide's updated explanations cover:

• Highlights of New Tax Developments
• Tax Rates and Tax Tables
• Individuals
• Corporations
• S Corporations
• Partnerships
• Trusts and Estates
• Exempt Organizations
• Income
• Exclusions from Income
• Business Expenses
• Non-Business Expenses
• Losses and Bad Debt
• Depreciation, Amortization and Depletion
• Tax Credits
• Minimum Tax
• Tax Accounting
• Basis for Gain or Loss
• Sales, Exchanges and Capital Gains
• Installment Sales/Deferred Payment Sales
• Securities Transactions
• Tax Shelters/At-Risk Rules/Passive Losses
• Retirement Pla

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Available: December 2010

Old depreciation systems do not die - or even fade away very fast. Businesses and the practitioners that serve them must operate with three coexisting depreciation systems -Modified Accelerated Cost Recovery System (MACRS), the Accelerated Cost Recovery System (ACRS) and the Treasury Department's Asset Depreciation System (ADR).CCH's U.S.

Master Depreciation Guide offers tax and accounting professionals who work with businesses a one-stop resource for guidance in understanding and applying the complex depreciation rules to their fixed assets. This area is especially challenging, because bits and pieces of applicable information must be gathered from a maze of Revenue Procedures, IRS Tables and IRS Regulations. These sources are frequently old and include some materials which may be non-applicable. This book pulls the pieces together, so practitioners can make sense of all the corresponding information and put the information into practice.

The U.S. Master Depreciation Guide includes several useful "quick reference tables." These include a list of trucks, SUVs, and vans that are exempt from the luxury car caps because they weigh more than 6,000 pounds, trucks with a bed-length under six feet which are subject to a $25,000 section 179 depreciation cap, a list of states that conform to the federal bonus depreciation and section 179 expensing rules, and a comprehensive table of assets and corresponding recovery periods with cross references to the location of the related U.S. Master Depreciation Guide explanation.

Published annually, this new edition is completely updated to reflect all depreciation rule changes through press time in December. A special Highlights section provides a quick overview of any new legislation, cases, rulings, and regulations occurring since last year's edition, with cross-references to the explanation paragraph in which they are reflected.

CONTENTS:

• Discussion of the historical background of depreciation and depreciation fundamentals.
• Coverage of :
  1. Modified Accelerated Cost Recovery System (MACRS), which was introduced by the Tax Reform Act of 1986, and is applicable to most tangible depreciable property in service after 1986;
  2. Accelerated Cost Recovery System (ACRS) introduced by the Economic Recovery Act of 1981;
  3. General rules for pre-1981 property;
  4. Asset Depreciation Range (ADR) system which dates back to 1971;
  5. Code Sec. 179 expensing rules; and
  6. Amortization of intangibles, including section 197 intangibles
• Listed property depreciation rules
• Depreciation of vehicles subject to "luxury" car caps
• Handling vehicle trade-ins, including luxury car caps and carryover basis
• Ve

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Available: October 2010

This book is an indispensable resource for professionals who work with multiple state tax jurisdictions. This CCH "Master Guide" serves as a handy desktop reference containing concise explanations on major corporate tax issues that are readily accessible and easy to understand.  It's an excellent resource for quick answers to the most-asked questions and at-a-glance state-to-state comparisons.

The U.S. Master Multistate Corporate Tax Guide provides return preparation guidance for use by taxpayers subject to corporate income or income-based taxes in more than one state.  It provides an efficient means for practitioners to understand the rules and guidelines relevant to filing corporate income tax returns in all of the 47 states (plus New York City and the District of Columbia) that impose a corporate income tax or that impose a franchise or other tax (such as the Michigan Business Tax) at least partially measured by income. 

Key elements of this helpful and annually updated publication are:

CHARTS - designed to provide quick answers to the most often asked questions regarding state corporate income taxation. 

STATE BY STATE DISCUSSIONS - offer practical explanations of major corporate tax topics, including:

• Tax Rates
• Tax Credits
• Apportionment of Income
• Combined Reporting
• Consolidated Returns
• Nexus
• Net Operating Loss Carryforwards and Carrybacks
• Return Filing Requirements
• Alternative Minimum Taxes
• Treatment of Flow-through Entities

In addition, since most practitioners prepare federal forms first, easy access to state law differences makes filling out state returns easier. The Guide provides helpful comparisons of federal and state tax laws for each state. 

HIGHLIGHTS OF KEY NEW DEVELOPMENTS - presents a summary of key legislative and regulatory changes affecting state corporate income taxation during the previous year, so readers are aware of those developments and can respond accordingly when completing tax returns for the coming year.

Related Books:

• U.S. Master Tax Guide®, 2011
• ProSystem fx Tax: for U.S. Tax Returns
• INTERNAL REVENUE CODE: Income, Estate, Gift, Employment
• U.S. INCOME TAX REGULATIONS, Winter 2011 Edition  

If you would like more details about this product, or would like to order a copy online, please click here.

Book available: December 2011

CD available: December 2011

This book is designed to provide quick access to each state’s statement of its position on a sizable number of key issues in corporate and sales and use taxation. The easy-to-use chart format enables the reader to locate and compare how the states approach numerous aspects of state taxation. Information contained in each of the charts is based on the responses of state tax officials to a questionnaire that was prepared and administered by the University of Wisconsin—Milwaukee, Sheldon B. Lubar School of Business.

Volume I
Corporate Income Tax

    ·          Part 1. Introduction 
    ·          Part 2. Nexus 
    ·          Part 3. Corporate Taxes and Tax Base 
    ·          Part 4. Group Filing Options 
    ·          Part 5. Apportionment 
    ·          Part 6. Pass-Through Entities 
    ·          Part 7. Foreign Operations 
    ·          Part 8. Credits and Incentives 
    ·          Part 9. Tax Periods and Methods 
    ·          If you would like more details about this product, or would like to order a copy online, please click here.

Available: December 2011

This book offers a one-stop resource for guidance in understanding and applying the complex depreciation rules to their fixed assets.  This area is especially challenging, because bits and pieces of applicable information must be gathered from a maze of Revenue Procedures, IRS Tables and IRS Regulations. These sources are frequently old and include some materials which may be non-applicable. CCH's U.S. Master Depreciation Guide pulls the pieces together, so practitioners can make sense of all the corresponding information and put the information into practice.

The U.S. Master Depreciation Guide includes several useful "quick reference tables." These include a list of trucks, SUVs, and vans that are exempt from the luxury car caps because they weigh more than 6,000 pounds, trucks with a bed-length under six feet which are subject to a $25,000 section 179 depreciation cap, a list of states that conform to the federal bonus depreciation and section 179 expensing rules, and a comprehensive table of assets and corresponding recovery periods with cross references to the location of the related explanation.

CONTENTS:

• Discussion of the historical background of depreciation and depreciation fundamentals.
• Coverage of :
  1. Modified Accelerated Cost Recovery System (MACRS), which was introduced by the Tax Reform Act of 1986, and is applicable to most tangible depreciable property in service after 1986;
  2. Accelerated Cost Recovery System (ACRS) introduced by the Economic Recovery Act of 1981;
  3. General rules for pre-1981 property;
  4. Asset Depreciation Range (ADR) system which dates back to 1971;
  5. Code Sec. 179 expensing rules; and
  6. Amortization of intangibles, including section 197 intangibles
• Listed property depreciation rules
• Depreciation of vehicles subject to "luxury" car caps
• Handling vehicle trade-ins, including luxury car caps and carryover basis
• Vehicle depreciation using the standard mileage rate, FAVR allowances, and other mileage based methods
• Like-kind exchanges and involuntary conversions
• Rev. Proc. 87-56 class life and depreciation period table reproduced in full text
• All MACRS depreciation tables reproduced in full text plus CCH-prepared Indian reservation property depreciation tables and tables that incorporate the effect of the first-year 30

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Written from a Canadian perspective for Canadian IFRS practitioners

The comprehensive commentary of iGAAP: IFRS for Canada is unique in that it is Canadian. It is authored from a Canadian perspective for Canadian practitioners and it draws on Deloitte's global IFRS experience. Commentary is provided on each significant Standard, organized topically into chapters, and contains explanatory information, analytical discussions, and illustrative examples of the application of IFRSs.

New and updated commentary includes:

• Financial Instruments, reflecting new standard IFRS 9 and other recent amendments
• IFRS 1, First-Time Adoption of IFRSs
• Related Party Disclosures, Interim Reporting, and Presentation of Financial Statements and Share-based Payments
• 2010 Annual Improvements changes and other recent amendments to IFRSs
• Significant recent Exposure Drafts and anticipated developments, including commentary on Leases, Revenue Recognition, Deferred Taxes, Contingencies, Employee Benefits, Extractive Activities
• Practical implications of applying IFRS in a Canadian environment.

• First-time Canadian Readers Guide provides an overview of individual Standards from a Canadian perspective
• Summary of Major Differences between Canadian GAAP and IFRS highlights key areas of change for Canadian practitioners
• Implications for Canadian Preparers summarizes significant practical implications for Canadian practitioners upon transition

In addition, comments specific to Canada are separately highlighted throughout the content, as are interpretive commentary and examples.

About the Authors of iGAAP: IFRS for Canada

Dr. Peter Chant, FCA, is a partner in the National Assurance and Advisory group at Deloitte & Touche LLP. He is a former member and Chair of the Canadian Accounting Standards Board and was co-Chair of the CICA/FASB Task Force that developed the current Canadian and FASB standard on segmented information. He was also a member of the FASB's Task Force on Business Combinations that developed the FASB's current standard on that topic, and a member of the G4+1 Group of standard setters, which included the Chairs of the IASB, FASB and the Canadian Accounting Standards Board. He has published a textbook on advanced accounting in Canada, and was co-author of a research paper on account

If you would like more details about this product, or would like to order a copy online, please click here.

Canadian Master Tax Guide provides helpful and practical guidance on today's federal tax law. This 70th edition reflects federal tax changes in 2014 to the date of publication and provides fast, reliable answers to tax questions affecting individual and business income tax.

Canadian Master Tax Guide contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates, and trusts, as well as changes established by key court decisions and the Canada Revenue Agency. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. The book's explanations provide tax practitioners with accurate and sound guidance to help them understand, apply, and comply with today's complex tax laws.

Canadian Master Tax Guide is conveniently cross-referenced to the Income Tax Act, Income Tax Regulations, court decisions, and CRA technical publications. This reliable reference is a must for anyone involved with federal taxation.

Topical Coverage:

• Tax Rates and Credits
• Tax-Free Savings Account
• Income from Business and Property
• Deferred Income Plans
• Capital Gains and Losses
• Dividends
• Capital Cost Allowance
• Charitable Donations
• SR&ED Expenses
• Returns and Assessments
• Tax Planning for Individuals - 2015/2016

The 2015 edition provides timely and precise explanations of recent developments including legislative changes affecting the following:

• Bill C-4, Economic Action Plan 2013 No. 2 legislative amendments including items such as:
  • Lifetime capital gains exemption increase (2013 Budget)
  • Labour Sponsored Funds Tax Credit phase out (2013 Budget)
  • Synthetic dispositions (2013 Budget)
  • Character conversion transactions (2013 Budget)
  • Trust & corporate loss trading (2013 Budget)
  • SR&ED information requirements (2013 Budget)
  • Restricted farm losses (2013 Budget)
  • Leveraged insurance arrangements (2013 Budget)
  • Pre-production mine development expenses (2013 Budget)
  • Thin capitalization (2013 Budget)
  • Technical amendments contained in draft legislation released on Dec. 21, 2012, including corporate reorganizations and transfer pricing relief
  • amendments relating to stapled securities contained in draft legislation released on July 25, 2012,
• Bill C-31, Economic Action Plan 2014 Act, No. 1 legislative amendments including items such as:
  • Tax credits for adoption and medical e

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