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Recognized as the industry standard, Preparing Your Income Tax Returns provides comprehensive coverage and indepth analysis of all rules and interpretations for personal income tax. Loaded with premium how-to-advice, tax planning tips and fast answers to all of your challenging questions, it’s the best way to stay on top of the latest issues that impact 2014 returns. Preparing Your Income Tax Returns is updated annually and provides the most current, detailed information available.

Features & Coverage:

• Context-sensitive links from Taxprep® and CANTAX® software to commentary in the online formats
  • Saves you time by putting search at your finger tips
• More topics in detail than any other guides available
• Easy-to-understand format lets you find what you need
• References to CRA documents, legislation and cases
• Year-round tax planning ideas
• A table of T1 line references, applicable CRA Forms and Guides, Interpretation Bulletins, Information Circulars and Technical News contained in each chapter
• Line-by-line references to applicable cases, legislation and technical interpretations in the commentary
• Commentary for RRSP contributions and other retirement saving options

These features and coverage saves you time by making your research as quick as possible for you to complete. Year-after-year we receive praise on how easy and complete this resource is for aiding tax professionals in preparing income tax returns.

Table of Contents

• How To Use This Book
• Changes to amounts for personal tax credits
• Recent Tax Changes
• Tables of Rates and Credits

Chapters

• The Basic Rules of Canadian Income Taxation
• Income Tax Returns, Payments, Refunds, Assessments, Appeals, Rulings
• Employment Income and Deductions
• Investment Income
• Capital Gains and Losses
• Rental Income and Und

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For multi-user pricing and all other product inquiries, please call Customer Service at 1 800 268-4522

Stay up to date on the latest tax rules to deliver the best filing results possible with the most current tax preparation guide. As many tax professionals already know, Preparing Your Corporate Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for corporate tax returns available.

Features & Coverage:

• Context-sensitive links from Taxprep® and CANTAX® software to commentary in the online formats saves you time by putting search at your finger tips
• More topics in detail than any other guides available
• Easy-to-understand format lets you find what you need
• Step-by-step instructions and straightforward answers save you time and money
• References to CRA documents, legislation and cases
• Reorganized for easier navigation - Forms have been moved to the back of each chapter
• Checklist to help gather all necessary information for return preparation
• Step-by-step design to lead you through the T2 Corporate Tax Return form and supporting schedules
• Section on income and capital tax installments
• References to sources including legislation, cases, Interpretation Bulletins, Information Circulars and Technical News
• Discussions of federal and provincial corporate income taxation and corporation capital taxation

Why do tax professionals across Canada come back to Wolters Kluwer CCH year after year? It's simple. We provide the most comprehensive tax resource available anywhere. Federal and provincial income and capital taxes are exhaustively detailed. Descriptions of forms and analysis of necessary information are organized by topic. Preparing Your Corporate Tax Returns will give you the professional confidence and time-saving efficiency you need to deliver your best returns – year after year.

Table of Contents

• How To Use This Book
• List of Forms Reproduced
• Pending Income Tax Changes
• 2014 Provincial Tax Change Summary
• Tax Calendar
• 2014 Federal and Provincial Tax Rates
• Prescribed Quarterly Interest Rates
• Prescribed Interest Rates for Leasing

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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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The 2015 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 footnoted to provide tax practitioners with the most accurate and legally sound guidance to help them comply with today's complex federal tax laws

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 2014 income tax returns, and a special bonus CPE course supplement entitled "Top Federal Tax Issues for 2015," which focuses in on the most significant new tax developments affecting practitioners for the year.

-    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 Plans
-    Corporate Acquisitions/Reorganizations
-    Taxation of Foreign Activities/Taxpayers
-    Returns and Payment of Tax
-    Withholding and Estimated Taxes
-    Examination of Returns - Collection of Tax
-    Penalties and Interest
-    Estate, Gift and Generation-Skipping Tax

The U.S. Master Tax Guide is conveniently cross-referenced to the Internal Revenue Code and Regulations and certain other important tax law sources.

Soft cover: Nov 17, 2014   9780808038733   5-7/8" x 9"   1,008 p.
Hard Cover: Nov 30, 2014   9780808039099   6-1/4" x 9"

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INTERNAL REVENUE

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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.

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
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• 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

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Authors: Richard H. Gesseck, CPA, and Lawrence Gramling, Ph.D., CPA

Helps accountants solve many complex accounting and disclosure problems. Superior technical analysis and practical explanations of accounting principles are provided in this insightful volume. The Guide uses a helpful three-step approach for each topic covered. First, flowcharts illustrate the decision process and accounting procedures. Then, general discussion of the major provisions provides a context for understanding; and, finally, detailed examples show the specific computations and accounting requirements.

This one comprehensive volume provides you with new insights into, and practical understanding of, the standards that constitute U.S. GAAP. To reflect the structure of the FASB’s Accounting Standards Codification (ASC), the U.S. Master GAAP Guide is organized into nine chapters that correspond to the areas of the ASC.

• Topically arranged to follow the FASB's Accounting Standards Codification (ASC).
• Three-level approach to explanation and analysis, including flowcharts, general discussion, and detailed examples, makes the official pronouncements easy to understand.
• Serves as a working guide so practitioners can find solutions to complex practice problems quickly.
• Helps prepare CPA Exam candidates for the GAAP pronouncements portion of the Exam.
• Enables clear understanding of the accounting requirements of the pronouncements.

1. General principles
2. Presentation
3. Assets
4. Liabilities
5. Equity
6. Revenue
7. Expenses
8. Broad transactions
9. Industry

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

This trusted reference provides clear explanations of the laws relating to federal estate, gift and generation-skipping transfer taxes to give readers the solid understanding they need to understand and apply today's complex wealth transfer tax rules.

Provides straightforward guidance for professionals working with estate and gift tax planning, and contains many helpful features, including:

• Concise, up-to-date discussions of recent statutory and regulatory law changes, court decisions, and IRS rulings affecting the estate, gift and GST taxes, including IRS guidance on the Windsor decision and its impact on tax planning for same-sex married couples.
• CCH-authored comments, cautions, elections, planning pointers, state tax alerts, and other value-adds highlighting planning opportunities, compliance tips, or pitfalls to avoid.
• Pertinent tax tables, such as the unified credit and exclusion/exemption amounts, GST rates and more for easy reference to key tax figures.
• Sample filled-in forms in the 706 and 709 series, as well as various GST tax forms, that illustrate practical application of the tax law.
• Citations to Internal Revenue Code, regulations, IRS rulings and court decisions to help practitioners further research the estate and gift tax law.

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

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. 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.

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.

The Guide presents a concise yet comprehensive discussion of the depreciation rules. It includes:

• 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 including Indian reservation property depreciation tables and tables that incorporate the effect of the first-year 30 percent and 50 percent bonus depreciation allowances
• How to compute MACRS without using tables
• Identifying and depreciating land i

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Author: Ronald W. Blasi, J.D., LL.M.

Formerly titled, the "Bank Tax Guide," the new U.S. Master Bank Tax Guide (2014) by noted bank tax expert, Ronald W. Blasi, J.D., LL.M., is a comprehensive desktop reference that covers all the tax rules for financial institutions and is the only book of its kind that is completely updated each year to reflect the latest changes through press time. This is the authoritative must-have guide for professionals charged with tax compliance for financial institutions. It features special planning sections in each chapter, detailed discussions that are meticulously referenced to authority for additional research, potential IRS audit activities, and numerous practical examples that illustrate the rules and principles. The volume provides informative discussions on points of law where the courts and the IRS may not see eye-to-eye.

• Entities subject to bank tax rules
• Accounting for interest, fee and other income
• Discount, points and premium
• Securities dealers and investors
• Nonperforming loans
• Modified debt
• Foreclosures
• Business expenses
• Interest expense
• Bad-debt deductions
• Acquisitions
• Business tax credits

• IRS Industry Specialization Program Coordinated Issue Papers
• The 13 Federal Judicial Circuits
• The 12 Districts of the Federal Reserve System
• Audit Technique Guide for Commercial Banking

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

Authors: Gordon D. Henderson, J.D. and Stuart J. Goldring, J.D.

Deals with the problems of financially distressed corporations and their creditors and shareholders from the early warning time when their cash flow becomes insufficient to service their debt, through the problems and opportunities arising from the need to modify their debt, to the later potential need to exchange their debt for equity, and to the ultimate potential consideration of the need to seek the protection of the bankruptcy courts. In the course of its analysis the book discusses recapitalizations, two-company combinations and acquisitions, utilizing tax losses, consolidated return problems, bankruptcy aspects of federal tax procedure, and state and local tax aspects of bankruptcy.

• Developing a strategy for a failing company
• Bankruptcy versus nonbankruptcy restructuring
• Deductions and accrual of interest
• Debt modification
• One-company equity-for-debt re-capitalization
• Two-company reorganizations involving a failing company
• Utilizing tax losses
• Special problems of multi-company debtor groups
• Liquidating trusts, escrow, and the like
• Bankruptcy aspects of federal tax procedure
• State and local tax aspects of bankruptcy
• Liquidating bankruptcies
• Deductibility of expenses during bankruptcy

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Authors: Jerome Ostrov, Kevin Kaiser, Robert Collins, John Bedosky

Covers important real estate tax law and estate planning issues. There are more than 200 examples that explain concepts that, because of complexity or other difficulties are hard to absorb in narrative form only.

Also covered is how the intersecting tax and estate planning issues affect non-U.S. citizens who find themselves subject to U.S. taxation and estate planning issues of interest to U.S. citizens with interests abroad. Transfer tax and recordation tax issues are also discussed.

Author: Glenn R. Carrington

Gives in-depth, practical coverage of today's key issues in corporate acquisitions, dispositions, reorganizations, and restructurings from a transactional perspective. It will help your client:

1. Decide if the transaction should be taxable or nontaxable.
2. Structure the deal for the best results–stock or asset acquisition.
3. Achieve desired business objectives.

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

Complimentary: www.cch.ca/2015USBudget

On March 4, 2014, President Obama released a $3.9 trillion proposed fiscal year (FY) 2015 federal budget, with a mix of expanded child, family and education tax credits as well as some curbed tax preferences for higher income individuals and businesses. Funding for the proposed tax breaks would come from, among other proposals, taxing carried interest as ordinary income, extending payroll taxes to cover certain distributions from professional service companies, and restricting the availability of like-kind exchange treatment for real estate transactions. In conjunction with the budget, the Treasury Department also released its Green Book, providing explanations of the proposed budget.

CCH's Tax Briefing: Fiscal Year 2015 Budget Proposals provides you with a summary of the budget proposal.

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Provides readers with an overview of the taxation scheme of each state and the District of Columbia, as well as multistate charts on income taxes (personal and corporate), sales and use taxes and tax administration. It is a time saving resource for tax professionals by providing a single source of key state tax information instead of having to consult multiple sources. This book brings together important tax information for each state tax system and adds value to the practice of multistate tax advisors and those advising multistate businesses.

The book is set out in four parts, which together deliver an overall picture of the states' levies, bases and rates of each tax, principal payment and return dates, and other important information on major state taxes.

At-a-glance multistate charts detail important issues to assist state tax compliance and planning. More than 120 charts are provided, covering discrete topics such as income tax rates, state corporate and personal income tax reporting requirements, filing extensions, state taxation of pass-through entities; allocation and apportionment, AMT on preference items, manufacturing exemptions, sales for resale, consolidated returns, and estimated tax requirements.

The 2015 Edition reflects all state legislative activities affecting corporate and personal income taxes and sales and use taxes through printing in early December 2014 to give practitioners up-to-date state tax information entering tax season.

A free link to the online version (PDF) of the Multistate Corporate Tax Course 2015 will be included.

9780808038719   6" x 9"    696 pages

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Multistate Guide

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Authors: Bruce M. Nelson, MA, CPA; James T. Collins, J.D.; and John C. Healy, MST, CPA

The 2015 edition of the Sales and Use Tax Answer Book continues to provide coverage of topics such as subjects of sales and use tax, taxable persons, taxable transactions, interstate and extraterritorial transactions, constitutional issues and the latest updates on the Streamlined Sales Tax. Also included are case summaries which cover such areas as statistical sampling methodology, nexus, collection of sales tax by remote sellers, sales tax and the requirements of the commerce clause, sales made through independent contractors or brokers, sales and use tax in internet/electronic commerce, collection of use tax by a remote seller and minimum contacts requirements for out-of-state retailers.

A free link to the online version (PDF) of the Multistate Corporate Tax Course 2015 for CPE will be included.

Chapter 1      Nature and Purpose of Sales and Use Taxation
Chapter 2      Constitutional Rights
Chapter 3      Taxable Persons
Chapter 4      Taxable Transactions
Chapter 5      Interstate and Extraterritorial Transactions
Chapter 6      Subjects of Sales and Use Taxes
Chapter 7      Amount of Tax
Chapter 8      Accounting Methods
Chapter 9      Rates of Tax
Chapter 10      Returns or Reports
Chapter 11      Payment
Chapter 12      Refunds and Credits
Chapter 13      Organization of State Sales and Use Tax Administrations
Chapter 14      License and Registration
Chapter 15      Audits
Chapter 16      Assessment and Appeals Process
Chapter 17      Collection of Tax by Seller
Chapter 18      Collection of Tax by State
Chapter 19      Penalties
Chapter 20      Local State Taxes
Chapter 21      Sales Tax Reform and the Streamlined Sales Tax
Chapter 22      Gross Receipts Tax

9780808038986   7" x 10"    594 pages

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The S corporation is the most popular entity for closely held businesses, but the rules that regulate S corporations and make them a popular choice are complex, confusing and in a state of flux. CCH's popular "S Corporation Taxation" offers an in-depth and comprehensive analysis of S corporation taxation and uses extensive examples to illustrate both simple and complex situations. In areas where authorities do not provide clear guidance, the author constructs plausible courses of action, with appropriate analysis.

Published annually, S Corporation Taxation focuses on the rules of Subchapter S of the Internal Revenue Code and integrates these rules with other portions of the tax law that can have substantial impact on S corporations and their shareholders. At the end of each chapter are pertinent checklists, worksheets and sample election letters to help apply the concepts discussed to the reader's actual real life situation.

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