u.s.

ProSystem fx Tax for U.S. tax returns

When you need to complete a U.S. tax return, put the power of Wolters Kluwer tax software to work for you with ProSystem fx Tax. It is the most comprehensive system available, providing full capabilities for all types of U.S. returns (Federal and State).

  • Used by more than 2/3 of the top 30,000 U.S. firms
  • Used by nearly 50% of the top Canadian accounting firms

Features:

  • Pay-per-return option for lower volume users - Pay for only the returns that you process or order specific Federal or State entities for unlimited use
  • All types of U.S. forms and guides, including those used by Canadian tax preparers - 1040NR, 1120F, 1116, 2555, 5491, 5492, 1065, 1041, 706, 8938, 8833, 8858, FBAR 114 and 114A, etc.
  • The best system and tax support in the industry! Even during tax season, our customer support is always there when needed!
  • Complete e-filing modules – including MeF. You can e-file from Canada all e-fillable forms (not just compulsory ones) including FBAR forms 114 and 114A.
  • Works from local installation or from Wolters Kluwer’s servers.
  • Sophisticated one-step multi-state processing - For any combination of all 50 states in a single calculation
  • Displays prior-year amounts on screen
  • Free electronic conversion of client data from most popular U.S. tax packages - in your office.
  • Flexible data entry
  • Interactive government form view allows you to review all Federal forms and schedules and jump to appropriate detail screens
  • A comprehensive on-screen review system includes thousands of interactive diagnostics that link to input - by far the most in the industry
  • Classroom-quality interactive training via the Internet
  • More field or form-specific help than any other tax program
  • Links to explanations on IntelliConnect
  • Previous year archives and Network options are also available.

For orders received before December 1st 2014,
2013 disk will be sent immediately free of charge.

Highlights

Automatic calculations, overrides, complete diagnostics, and optimizations are available for every type of U.S. return.

  • Individual (1040) - Producing everything from your simplest accommodation returns to your most complex 1040s (including 1040NR)
  • Corporations (1120) - Easily handles a wide array of returns including 1120, 1120S, Consolidated Corporation, and more (including 1120F)
  • Partnership (1065) - Provides complete flexibility for handling all types of partnership tax returns including 8865

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




u.s.

ProSystem <em>fx</em> Tax: for U.S. Tax Returns

When you need to complete a U.S. tax return, put the power of CCH tax software to work for you with Prosystem fx Tax. It is the most comprehensive system available, providing full capabilities for all types of U.S. returns (Federal and State).

  • Used by 65% of the top 30,000 U.S. firms
  • Used by nearly 50% of the top Canadian accounting firms

Features include:

  • Pay-per-return option for lower volume users - Pay for only the returns that you process or order specific Federal or State entities for unlimited use
  • All types of U.S. forms and guides, including those used by Canadian tax preparers - 1040NR, 1120F, 1116, 2555, 5491, 5492, 1065, 1041, 706, 8833, etc.
  • The best system and tax support in the industry! Even during tax season, our customer support is always there when needed!
  • Sophisticated one-step multi-state processing - For any combination of all 50 states in a single calculation
  • Displays prior-year amounts on screen
  • Complete efiling modules
  • Free electronic conversion of client data from most popular U.S. tax packages - in your office.
  • Interactive government form view allows you to review all Federal forms and schedules and jump to appropriate detail screens
  • A comprehensive on-screen review system includes thousands of interactive diagnostics that link to input - by far the most in the industry
  • Classroom-quality interactive training over the Internet
  • More field or form-specific help than any other tax program
  • Links to explanations on IntelliConnect
Highlights

Automatic calculations, overrides, diagnostics, and optimizations are available for every type of U.S. return.

  • Individual (1040) - Producing everything from your simplest accommodation returns to your most complex 1040s (including 1040NR)
  • Corporations (1120) - Easily handles a wide array of returns including 1120, 1120S, Consolidated Corporation, and more (including 1120F)
  • Partnership (1065) - Provides complete flexibility for handling all types of partnership tax returns
  • Fiduciary (1041) - Easily handles compliance requirements while offering complete presentation flexibility for all major types of estates and trusts
  • Estate & Gift (706/709) - Handle all your estate and gift tax returns, with the features and capabilities you've come to expect from the industry leader - CCH

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




u.s.

Principles of Business Taxation (2014) (U.S.)

The CCH Principles of Business Taxation course approaches the study of taxation from the perspective of the student who will become a business person faced with decisions that are inevitably affected by tax considerations. This perspective leads to a very different coverage in this textbook - coverage that is useful for accounting, finance and general business majors. The new edition focuses on the central concepts that build our tax framework and avoids small exceptions.
Many items that pertain specifically to businesses (for example, inventory valuation issues) usually not discussed in a traditional undergraduate tax textbook are covered in this book. Although so many of the exclusions, deductions, and credits apply equally to individual and corporate taxpayers, this book focuses on the business perspective.
 
?    PART I: OVERVIEW OF TAXES AND THE FEDERAL INCOME TAX SYSTEM
?    PART II: FEDERAL TAXATION OF BUSINESS INCOME AND DEDUCTIONS
?    PART III: TRANSACTIONS INVOLVING BUSINESS PROPERTY
?    PART IV: CALCULATING TAX LIABILITY AND TAXES OWED
?    PART V: SPECIFIC BUSINESS ENTITY ISSUES
?    PART VI: Taxation of International Transactions

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Federal Taxation: Basic Principles (2014)

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




u.s.

Principles of Business Taxation (2013) (U.S.)

Available: March 2012

Approaches the study of taxation from the perspective of the student who will become a business person faced with business decisions that are inevitably affected by tax considerations. This perspective leads to a very different coverage in this textbook. The new edition focuses on the central concepts that build our tax framework and avoids small exceptions and details to ensure that the student can confidently master the critical underpinnings of federal taxation. It abandons minutia that not only affects a very small number of taxpayers, but also tends to change often.

Many items that pertain specifically to businesses (for example, inventory valuation issues) usually not discussed in a traditional undergraduate tax textbook are covered in this book. Although so many of the exclusions, deductions, and credits apply equally to individual and corporate taxpayers, this book focuses on the business perspective. An advantage to this approach is that most of the students who take only one course in taxation will learn how businesses are taxed and, in turn, will have a better appreciation for how taxes affect business decisions.

While the focus is on concepts and how taxes affect business decisions, individual income taxation is not abandoned. After all, many core tax concepts apply to individuals as well as businesses, and this book is not shy in pointing out such application. It also includes a special chapter on individuals (sole proprietorships) and one on pass-through entities that tie together the underlying threads concerned with these taxpayers throughout the text.

1. OVERVIEW OF TAXES AND THE FEDERAL INCOME TAX SYSTEM
2. FEDERAL TAXATION OF BUSINESS INCOME AND DEDUCTIONS
3. TRANSACTIONS INVOLVING BUSINESS PROPERTY
4. CALCULATING TAX LIABILITY AND TAXES OWED
5. SPECIFIC BUSINESS ENTITY ISSUES

Related books:

 

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u.s.

Price on Contemporary Estate Planning (2015) (U.S.)

Author: John R. Price

Providing theoretical grounding and a practice-oriented approach, Price and Donaldson show how to handle the full range of estate planning problems and techniques, including:

  • Client counseling
  • Durable powers of attorney
  • Living wills
  • Private annuities
  • Charitable remainder trusts
  • Life insurance
  • Lifetime noncharitable gifts
  • Closely held business interests
  • Community and marital property
  • Retirement plans and IRAs
  • Post-mortem planning
  • Professional responsibility
Helpful practice tools include numerous real-life examples illustrating application of principles, ready-to-adapt forms, and checklists.

Chapter 1       Professional Responsibility and Estate Planning
Chapter 2       Basic Transfer Tax Laws and Estate Planning Strategies
Chapter 3       Concurrent Ownership and Nontestamentary Transfers
Chapter 4       Wills and Related Documents
Chapter 5       The Gift and Estate Tax Marital Deductions
Chapter 6       Life Insurance
Chapter 7       Planning Lifetime Noncharitable Gifts
Chapter 8       Gifts to Charitable Organizations
Chapter 9       Limiting Estate Size Through Intrafamily Transactions
Chapter 10    Trusts
Chapter 11    Closely-Held Business Interests
Chapter 12    Post-Mortem Planning
Chapter 13    Estate and Income Tax Planning for Retirement Plans and IRAs

9780808039303    7" x 10"     1,620 pages


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Federal Income Taxation of Estates, Trusts & Beneficiaries (2014 Supplement) (U.S.)
Full Article


u.s.

Price on Contemporary Estate Planning (2014) (U.S.)

Providing theoretical grounding and a practice-oriented approach, Price and Donaldson show how to handle the full range of estate planning problems and techniques, including:

  1. Client counseling
  2. Durable powers of attorney
  3. Living wills
  4. Private annuities
  5. Charitable remainder trusts
  6. Life insurance
  7. Lifetime noncharitable gifts
  8. Closely held business interests
  9. Community and marital property
  10. Retirement plans and IRAs
  11. Post-mortem planning
  12. Professional responsibility and more!

Chapter 1        Professional Responsibility and Estate Planning
Chapter 2        Basic Transfer Tax Laws and Estate Planning Strategies
Chapter 3        Concurrent Ownership and Nontestamentary Transfers
Chapter 4        Wills and Related Documents
Chapter 5        The Gift and Estate Tax Marital Deductions
Chapter 6        Life Insurance
Chapter 7        Planning Lifetime Noncharitable Gifts
Chapter 8        Gifts to Charitable Organizations
Chapter 9        Limiting Estate Size Through Intrafamily Transactions
Chapter 10      Trusts
Chapter 11      Closely-Held Business Interests
Chapter 12      Post-Mortem Planning
Chapter 13      Estate and Income Tax Planning for Retirement Plans and IRAs

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Practical Guide to Estate Planning, 2014 Edition (with CD) (US)
Estate & Gift Tax Handbook (2013)
Estate & Retirement Planning Answer Book, 2014 Edition
Like-Kind Exchanges Under Code Section 1031 - CCH Tax Spotlight Series
Multistate Guide to Estate Planning (2014

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u.s.

Practical Guide to U.S. Taxation of International Transactions (9th Edition)

Authors: Michael S. Schadewald and Robert J. Misey, Jr.

Provides readers with a practical command of the tax issues raised by international transactions and how those issues are resolved by U.S. tax laws. The book emphasizes those areas generally accepted to be essentialto tax practice.

PART I: BASIC PRINCIPLES OF U.S. TAXATION OF INTERNATIONAL INCOME

  • Overview of U.S. Taxation of International Transactions
  • Tax Jurisdiction
  • Source of Income Rules

PART II: TAXATION OF FOREIGN ACTIVITIES OF U.S. TAXPAYERS

  • Foreign Tax Credit
  • Deemed Paid Foreign Tax Credit
  • Anti-Deferral Provisions
  • Foreign Currency Translation and Transactions
  • Export Benefits
  • Planning for Foreign Operations
  • State Taxation of Foreign Operations

PART III: TAXATION OF U.S. ACTIVITIES OF FOREIGN TAXPAYERS

  • Foreign Persons Investing in the United States
  • Foreign Persons Doing Business in the United States
  • Planning for Foreign-Owned U.S. Operations

PART IV: TAXATION ISSUES IMPACTING BOTH U.S. AND FOREIGN TAXPAYERS

  • Transfer Pricing
  • Income Tax Treaties
  • Cross-Border Transfers and Reorganizations
  • International Tax Practice and Procedure

Appendices provide reproductions of applicable IRS forms and publications, as well as the latest U.S. Model Income Tax Treaty.

688 pages

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Transfer Pricing: Rules, Compliance and Controversy (4th Edition)
International Tax Newsletter

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u.s.

Practical Guide to S Corporations (6th Edition) (U.S.)

Contains extensive discussion of all recent changes in S Corporation law and practice since the publication of the 5th Edition in 2011. It includes Treasury regulations related to the Code Sec. 199 manufacturing deduction, as well as cases, rulings and pronouncements issued since the 5th Edition.

Comprised of fifteen chapters, this book starts by considering the tax advantages of electing S corporation status. The middle chapters, Chapters 2-12, detail the operations of S corporations, discussing statutory requirements, taxpayers who qualify as shareholders, and considerations when converting a C corporation to S status. Chapter 13 provides a comparison of S corporations to other business entities such as limited liability companies, partnerships, and C corporations. Chapter 14 discusses S corporation subsidiaries, and Chapter 15 covers employee stock ownership plans (ESOPs) for S corporations.

Through its straight-forward explanations, generous examples and helpful pointers, Practical Guide to S Corporations provides quick-answers that time-burdened professional’s value. 

CONTENTS:
-    Tax Overview and Compliance
-    Elements of S Corporation Election and Timing
-    S Corporation Income and Expenses
-    Corporate Deductions and Expenses
-    S Corporation Income Taxes
-    Basis and Losses
-    S Corporations Distributions
-    Income and Estate Planning
-    Revocation, Termination, Redemption, Liquidations and Reorganizations
-    Comparison to Other Entities
-    Subsidiaries
-    S Corps and ESOPs, and more

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State Tax Handbook (2015)
U.S. Master Depreciation Guide (2015) 

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




u.s.

Practical Guide to Real Estate Taxation 2013 – CCH Tax Spotlight Series (U.S.)

Author: David F. Windish

Describes the federal tax consequences of real estate ownership, operations and activities. This updated 6th Edition is the most accessible and affordable reference available for all tax, real estate and investment professionals who need to know the tax ramifications and underpinnings of real estate investment.

The book begins by analyzing the tax basis of real estate and then offers a comprehensive discussion of the forms of ownership with comparative benefits and pitfalls of the differing types. Mortgages, at-risk rules, interest and other financial issues are thoroughly covered. Activities involved once ownership is established are then discussed, including

  • rental/leasing arrangements,
  • tenant's rent deduction,
  • landlord's income,
  • lease acquisition and cancellation,
  • leasehold improvements, and
  • investment credit considerations.

The book thoroughly examines the actual operation of real estate,
including:

  • coverage of operating expenses and taxes,
  • mixed-use residences,
  • startup expenses and
  • real estate taxes,

plus guidance on:

  • additions and improvements,
  • depreciation,
  • development and
  • related issues.

An in-depth focus on passive activity loss rules is included, as well as a separate section analyzing homeowner issues.

Finally, the disposition of real estate is covered, along with a special discussion dealing with securitized real estate investments.

710 pages

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State Tax Handbook (2015)

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




u.s.

Practical Guide to Partnerships and LLCs (6th Edition) (U.S.)

Author: Robert Ricketts and Larry Tunnell

Discusses the complex issues involving partnership taxation with utmost clarity. It uses hundreds of illustrative examples, practice observations, helpful charts and insightful explanations to make even the most difficult concepts understandable. The book reflects the authors' penchant for communicating the pertinent facts in very direct language and creating a context for understanding the multifaceted issues and applying them to practice.

This new edition fully reflects all the latest developments in this complex area. These include changes affecting:

  • partnership basis adjustments
  • transfers to partnerships of property with built-in losses
  • sale of an interest in a partnership with built-in loss property
  • disproportionate distributions from partnerships with built-in loss property
  • expensing and amortization of partnership organizational expenses
  • partnership treatment of the deduction for domestic production activities
  • recognition of cancellation-of-indebtedness income, and more

In six parts, Practical Guide to Partnerships and LLCs covers the critical aspects of this complicated area, with individual parts focusing on partnership characteristics, funding, taxation of operations, partner's share of partnership debt, disposition of partnership interest, and distributions. From choice-of-entity considerations to sales and liquidations, the entire breadth of partnership and LLC taxation is covered. Special attention is given throughout to the complex inter-workings of rules that bind, tax and control these entity operations.

In the book's first part focused on preliminary considerations, the basic underpinnings are presented covering key areas such as the "check the box" rules, "anti-abuse" rules, investment joint venture rules, the application of partnership taxation to LLCs, liability issues, passive loss limitations, audit issues, self-employment taxes, IRS classification, tax year and accounting method selection, and much more.

The second part of Practical Guide to Partnerships and LLCs looks at property contributions and disguised sales, transactions between partner and partnership, and formation and start-up expenses. A special summary table for the tax treatment of pre-opening expenses is included.

Next, the central core of the book explains the taxation of operations including partnership income rules, the pass-through concept, and the partner's share of income and debt. Specific rules, reporting and compliance issues are thoroughly addressed. Form 1065 and schedules L, M-1, M-2, K and K-1 are also explained.

Part four covers partner's share of partnership debt, while disposition of a partnership interest is the subject of the fifth part of Practical Guide to Partnerships and LLCs. This section covers the amount and character of

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u.s.

Practical Guide to Estate Planning, 2015 Edition (with CD) (U.S.)

Authors: Ray D. Madoff, Cornelia R. Tenney, Martin A. Hall, Lisa Nalchajian Mingolla

Provides an overview of estate planning, offering the widest variety of discussion on planning principles and tools from the simple to the sophisticated. Its scope includes a general overview of the estate planning process. It then addresses the rules involved in estate planning and the various ways in which estates may be structured to achieve desired tax effects. It goes on to discuss gifts, and some of the more specialized areas of estate planning, including generation-skipping transfer tax rules and charitable planning, which encompasses the use of private foundations and split-interest trusts. This book contains a set of estate planning forms.

1. The Estate Planning Process
2. Basic Rules of Property Transfers Upon Death
3. Basic Estate Planning Documents
4. Trust Basics
5. Estate and Gift Tax Basics: Tax Tools of the Estate Planner
6. Planning for A Spouse or Nonmarital Partner
7. Issues in Planning for Children
8. Using Gifts in Estate Planning
9. Generation-Skipping Transfer Tax Planning
10. Charitable Giving
11. Planning for a Closely Held Business Interest
12. Insurance
13. Estate Planning with Retirement Benefits
14. Post Mortem Estate Planning
Form 1 Living Trust
Form 2 Living Trust Amendment
Form 3 Irrevocable Life Insurance Trust
Form 4 Annual Exclusion Trust
Form 5 Additional Annual Exclusion Trust
Form 6 Will

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




u.s.

Practical Guide to Estate Planning, 2014 Edition (with CD) (U.S.)

Authors: Ray D. Madoff,
                Cornelia R. Tenney, 
                Martin A. Hall, 
                Lisa Nalchajian Mingolla

Provides an overview of estate planning, offering the widest variety of discussion on planning principles and tools from the simple to the sophisticated. Its scope includes a general overview of the estate planning process. It then addresses the rules involved in estate planning and the various ways in which estates may be structured to achieve desired tax effects. It goes on to discuss gifts, and some of the more specialized areas of estate planning, including generation-skipping transfer tax rules and charitable planning, which encompasses the use of private foundations and split-interest trusts.

This book contains a set of estate planning forms.

1. The Estate Planning Process
2. Basic Rules of Property Transfers Upon Death
3. Basic Estate Planning Documents
4. Trust Basics
5. Estate and Gift Tax Basics: Tax Tools of the Estate Planner
6. Planning for Spouse or Nonmarital Partner
7. Issues in Planning for Children
8. Using Gifts in Estate Planning
9. Generation-Skipping Transfer Tax Planning
10. Charitable Giving
11. Planning for a Closely Held Business Interest
12. Insurance
13. Estate Planning with Retirement Benefits
14. Post Mortem Estate Planning
- Form 1 LivingTrust
- Form 2 Living Trust Amendment
- Form 3 Irrevocable Life Insurance Trust
- Form 4 Annual Exclusion Trust
- Form 5 Additional Annual Exclusion Trust
- Form 6 Will with Pour-Over Provision
- Form 7 Will with Outright Dispositions
- Form 8 Codicil
- Form 9 Durable Power of Attorney
- Form 10 Health Care Proxy
- Form 11 Living Will
- Form 12 Charitable Remainder Unitrust
- Form 13 Qualified Personal Residence Trust (QPRT)
- Form 14 Grantor Retained Annuity Trust (GRAT)

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Price on Contemporary Estate Planning (2014) (US)
If you would like more details about this product, or would like to order a copy online, please click here.




u.s.

Practical Guide to Corporate Taxation (U.S.)

Available: March 2012

(formerly Practical Guide to C Corporations)

Offer practitioners current and practical explanation and analysis on corporations, giving them the guidance needed to manage the C Corporation election, compliance, tax planning, and life cycle needs. In addition to thorough coverage of how the tax laws impact C corporations, the Practical Guide details corporate formation, distributions, redemptions, liquidations, reorganizations and issues related to corporate tax practice and procedure.

- Formation of a Corporation
- Application of Federal Income Tax to Corporations
- Nonliquidating Distributions
- Redemptions
- Liquidations and Partial Liquidations
- Acquisitive Corporate Reorganizations
- Procedural Aspects

Related books:

 

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u.s.

Oil and Gas: Federal Income Taxation (2015) (U.S.)

Patrick A. Hennessee, Ph.D., CPA and Sean P. Hennessee

An invaluable single-source handbook for accounting, tax and legal practitioners concerned with financial issues related to oil and gas industry tax law.

Updated and revised by noted oil and gas taxation authority and educator, Patrick A. Hennessee, Ph.D., CPA , this detailed reference is divided into six main sections:

  • Introduction to Oil and Gas Taxation
  • Acquisition of Interests
  • The Exploration Period
  • The Production Period
  • Dispositions
  • Other Areas
1.    Introduction to Oil and Gas Taxation
2.    Economic Interest
3.    Lease and Purchase Arrangements
4.    Royalty and Overriding Royalty
5.    Minimum Royalties
6.    Working Interest (or for Operating Mineral Interest)
7.    Production Payments
8.    Net Profits Arrangements
9.    Geophysical Expenses
10.    Intangible Drilling and Development Costs
11.    Sharing Arrangements and Carried Interests
12.    Depletion Deduction – General
13.    Allowance or Disallowance of Depletion
14.    Property for Depletion Purposes
15.    Cost Depletion
16.    Gross Income from the Property
17.    Taxable Income from the Property for Depletion Purposes
18.    Limitations on Percentage Depletion
19.    Unitizations
20.    Disposition of Interests – Lease (or Sublease) and Sale
21.    Non-taxable Exchanges
22.    Losses and Abandonments
23.    Associations Taxable as Corporations
24.    Partnerships
25.    Selected Corporate Issues
26.    Alternative Minimum Tax (AMT)
27.    Special Provisions Affecting the Determination of Tax
28.    Tax Credits
29.    Depreciation
30.    Application of Accounting Methods
31.    Oil and Gas International Provisions Case Table    

9780808039266     6" x 9"     688 pages

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Inc

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u.s.

Oil and Gas: Federal Income Taxation (2014) (U.S.)

An invaluable single-source handbook for accounting, tax and legal practitioners concerned with financial issues related to oil and gas industry tax law.

Updated and revised by noted oil and gas taxation authority and educator, Patrick A. Hennessee, Ph.D., CPA , this detailed reference is divided into six main sections:

- Introduction to Oil and Gas Taxation
- Acquisition of Interests
- The Exploration Period
- The Production Period
- Dispositions
- Other Areas

1. Introduction to Oil and Gas Taxation
2. Economic Interest
3. Lease and Purchase Arrangements
4. Royalty and Overriding Royalty
5. Minimum Royalties
6. Working Interest (or for Operating Mineral Interest)
7. Production Payments
8. Net Profits Arrangements
9. Geophysical Expenses
10. Intangible Drilling and Development Costs
11. Sharing Arrangements and Carried Interests
12. Depletion Deduction – General
13. Allowance or Disallowance of Depletion
14. Property for Depletion Purposes
15. Cost Depletion
16. Gross Income from the Property
17. Taxable Income from the Property for Depletion Purposes
18. Limitations on Percentage Depletion
19. Unitizations
20. Disposition of Interests – Lease (or Sublease) and Sale
21. Nontaxable Exchanges
22. Losses and Abandonments
23. Associations Taxable as Corporations
24. Partnerships
25. Selected Corporate Issues
26. Alternative Minimum Tax (AMT)
27. Special Provisions Affecting the Determination of Tax
28. Tax Credits
29. Depreciation
30. Application of Accounting Methods
31. Oil and Gas International Provisions

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u.s.

Minerals and Natural Resources Tax Issues, 2013(U.S.)

A supplement to the U.S. Master Tax Guide providing additional coverage of the federal tax rules applicable to taxpayers with working or operating interests in mineral properties such as oil and gas, taxpayers who receive royalty or production payments from those interests, and small producers. 

The publication provides helpful and practical guidance on today’s federal tax laws that affect 2012 returns such as acquisition of interests in mineral properties, the deduction for the depletion of the property, and income from interests. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. In addition, “Examples” are provided that illustrate the application of the tax laws.

Operation of Oil and Gas Properties
-    Royalty and Production Payments from Mineral Property
-    Mineral Production Payments
-    Oil and Gas Geological and Geophysical Expenses
-    Intangible Drilling and Development Costs (IDC)
-    Deduction for Tertiary Injectants
-    Mine Exploration Expenses
-    Mine Development Expenses
-    Deduction for Domestic Production Activities
-    At-Risk Rules
-    Passive Activity Losses

Depletion, Depreciation, and Amortization
-    Depletion Deductions—Economic Interest of Property
-    Definition of Property Subject to Depletion
-    Cost Depletion
-    Percentage Depletion
-    Depreciation of Improvements to Depletable Property

Sale, Exchange, or Disposition
-    Basis in Mineral Property
-    Gain or Loss on Disposition of Mineral Property
—    Dealer Dispositions
-    Gain or Loss on Disposition of Coal and Iron Ore
-    Abandonment or Worthlessness of Mineral Property
-    Unitization Agreements

Alternative Minimum Tax
-    AMT Adjustment for Exploration and Development Costs
-    Intangible Drilling Costs—AMT Tax Preference Item
-    Percentage Depletion—Tax Preference Item
-    AMT Credit Carryforward

Tax Credits
-    Nonconventional Source Fuel Credit
-    Foreign Tax Credit
-    Carbon Dioxide Capture Credit

Timber Income and Deduction
-    Gain or Loss on the Cutting of Timber
-    Timber Casualty Loss

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




u.s.

Master Limited Partnerships 2014 (U.S.)

Glenn E. Dance, Partner at Ernst & Young, LLP

This is the premier publication on the taxation of Master Limited Partnerships (MLPs) and their partners. Master Limited Partnerships are sophisticated publicly traded entities that are sometimes referred to as "publicly traded partnerships."

This treatise provides a detailed discussion of the tax issues associated with the entire life cycle of an MLP, from its formation to its operation and ultimate liquidation. This treatise simplifies these complex rules and provides the reader with a practical understanding thereof. It includes real-life examples illustrating the application of the relevant tax rules to commonly-encountered MLP fact patterns. References are made throughout the treatise to specific MLP structures that currently exist in the marketplace so as to provide focus and practical application of the rules.

  1. An Introduction to Master Limited Partnerships
  2. Comparison of MLPs to Other Types of Business Organizations
  3. Application of MLP Qualified Income Test
  4. Tax Issues Associated with the Marketability of MLP Interests
  5. Tax Issues Associated with the Formation of an MLP
  6. Classes of MLP Interests and the Allocation of Taxable Income
  7. Tax Allocation Issues Related to Built-In Gain or Loss Property
  8. Basis Adjustments Resulting from Transfer of MLP Interest
  9. Tax Treatment of Disposition of MLP Units
  10. Tax Reporting Issues for MLPs

7" x 10"     500 pages

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Small Business & Self-Employed Tax Issues, 2013 (U.S.)

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u.s.

Master Limited Partnerships 2013 (U.S.)

Author: Glenn E. Dance, Partner at Ernst & Young, LLP

This is the premier publication on the taxation of Master Limited Partnerships (MLPs) and their partners. It discusses the significant tax advantages by virtue of the MLP's status as a pass-through entity. MLPs are highly complex entities with significant administrative burdens which are discussed in detail. Moreover, MLP investors face tax complexities by virtue of the pass-through nature of the entity, This publication also explores the fact that MLPs are not subject to corporate tax or fluctuations in the investors' basis as a result of cash distributions.

This treatise provides a detailed discussion of the tax issues associated with the entire life cycle of an MLP, from its formation to its operation and ultimate liquidation. It simplifies these complex rules and provides the reader with a practical understanding thereof. It includes real-life examples illustrating the application of the relevant tax rules to commonly-encountered MLP fact patterns.

  1. An Introduction to Master Limited Partnerships
  2. Comparison of MLPs to Other Types of Business Organizations
  3. Application of MLP Qualified Income Test
  4. Tax Issues Associated with the Marketability of MLP Interests
  5. Tax Issues Associated with the Formation of an MLP
  6. Classes of MLP Interests and the Allocation of Taxable Income
  7. Tax Allocation Issues Related to Built-In Gain or Loss Property
  8. Basis Adjustments Resulting from Transfer of MLP Interest
  9. Tax Treatment of Disposition of MLP Units
  10. Tax Reporting Issues for MLPs

500 pages

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Practical Guide to Partnerships and LLCs (6th Edition)

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u.s.

Like-Kind Exchanges Under Code Section 1031 – CCH Tax Spotlight Series (U.S.)

Formerly: Practical Guide to Like-Kind Exchanges Under Code Section 1031

Author: Nancy N. Grekin, J.D.

Analyzes the essential legal means available to swap one asset for another while holding a continuing investment of the same sort in a tax-advantaged way. This brand new resource is intended to aid tax and real estate practitioners and professionals in understanding the various types of exchanges, how to structure exchanges, the mechanics of handling exchanges, and the myriad of details resulting from the related cases, IRS Rulings and Private Letter Rulings — both before and after Starker and the regulations.

Written in clear, easy-to-understand language, this book introduces the law and defines the important terms involved. It describes situations where such exchanges may be advantageous or disadvantageous; explains documentation procedures; examines case law and IRS rulings related to such exchanges; and explores the like-kind test and other important provisions of the law.

Topics covered include:

  • Types of Exchanges
  • Essential Elements of a Section 1031 Exchange
  • The Starker Case and the Evolution of Deferred Exchanges
  • Deferred Exchanges Under the Regulations
  • Tax Incidents of an Exchange: Exchange Value, Boot, Basis and Recapture of Depreciation
  • Mechanics and Documentation of Exchanges
  • Multiple Property Exchanges
  • Exchanges by Entities: Transfers of Exchange Property to and from Entities
  • Reverse Exchanges
  • Build-to-Suit Exchanges
  • Related Party Exchanges
  • Personal Property Exchanges
  • Reporting Code Section 1031 Exchanges

The expert author provides insightful cautions, planning notes, examples and comments that clarify the practical application of the law. Helpful sample documents and practical aids include:

  • Designated Property Exchange Agreement
  • Buyer-Accommodator Exchange Agreement
  • Assignment of Relinquished Property Contract
  • Direct Exchange Agreement
  • Build to Suit Exchange Agreement with Accommodator

240 pages

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U.S. Master Depreciation Guide

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u.s.

Investment Planning Answer Book, (2013) (U.S.)

Author: Jay L. Shein

This Guide focuses on advising clients as to the available investment options at various stages of life and income level. It covers investment tools, devising a portfolio strategy, asset allocation methodology, and measurement of return and risk allocation. Whether seeking to make adjustments to a portfolio or developing an all-new financial plan, it will provide you with practical information to assist clients in achieving their financial goals.

  1. Investment Planning Essentials
  2. Investment Tools and Vehicles
  3. Introduction to Portfolio Theory and Asset Allocation
  4. Portfolio Strategy and Design
  5. Asset Allocation Methodology
  6. Risk Adjusted Measures of Return
  7. Portfolio Opportunity Distributions
  8. Tax Efficient Strategies
  9. Alternative Investment Strategies
  10. Mutual Funds
  11. Behavioral Finance
  12. Monte Carlo Simulation
  13. Value at Risk (VAR)
  14. Total Return Trust
  15. Software, Technology, and Materials for Investing
  16. Software, Technology, and Materials for Investment Research
  17. Investment Manager, Mutual Fund, and Hedge Fund Search Selection and Due Diligence
  18. Absolute Return Versus Relative Return
  19. Portfolio Monitoring, Rebalancing and Changing
  20. Investment Statistical Concepts and Evaluation Methods

504 pages

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u.s.

International Taxation: U.S. Taxation of Foreign Persons and Foreign Income (2014 Supplement)

This 2014 Supplement updates the four volume, International Taxation: U.S. Taxation of Foreign Persons and Foreign Income. The parent volume offers an all-inclusive, easy-to-follow discussion of the United States tax regime as applied to foreign transactions. 

It shows the practitioner how to:
  • Structure international corporate transactions for maximum benefit. 
  • Minimize liability under applicable treaties, U.S. law, and applicable foreign law. 
  • Practice effectively within the often inconsistent web of legal authority. 
  • Covering both inbound and outbound transactions, author Joseph Isenbergh unfailingly reduces even the most complicated issues to clear, understandable strategies, and then provides unparalleled, incisive analysis.

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International Tax Newsletter
Practical Guide to U.S. Taxation of International Transactions (9th Edition)

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u.s.

INTERNATIONAL INCOME TAXATION: Code and Regulations - Selected Sections (2014-2015 Edition) (U.S.)

Robert J. Peroni, Coordinating Editor;
Richard C. Pugh, Contributing Editor;
Charles H. Gustafson, Contributing Editor;

Compiled by a team of distinguished law professors, this book serves both students and practitioners in accessing the laws and regulations for U.S. international tax. For students, it is a popular companion to an international tax course book for use in undergraduate or graduate courses in law and business schools. For practitioners, the book is an exclusive convenient desk reference. Unlike the full multi-volume Internal Revenue Code and Income Tax Regulations, this single-volume reference travels well between home and office - and between classroom and dorm. The book features a reader-friendly large 7-1/4" x 10" format with new larger type fonts for enhanced readability. Reflects all legislation and regulations enacted or adopted on or before June 1, 2014.

Includes CD of entire contents of book.

7-1/2" x 10"    2,448 pages


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U.S. Master Depreciation Guide (2015)
Affordable Care Act – Law, Regulatory Explanation and Analysis (2015) (U.S.)
Practical Guide to U.S. Taxation of International Transactions (9th Edition)

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u.s.

INTERNATIONAL INCOME TAXATION: Code and Regulations - Selected Sections (2013-2014 Edition) (U.S.)

Authors: Robert J. Peroni, Richard C. Pugh, Charles H. Gustafson

The authors have selected provisions of the Internal Revenue Code and Income Tax Regulations directly related to the U.S. taxation of foreign entities and the U.S. taxation of domestic entities that have income from sources outside the country. Code and Regulations sections included are those deemed to be essential to International Tax teachers, students and practitioners.

Reflects all legislation and regulations enacted or adopted on or before June 1, 2013.

Includes CD of entire contents of book.

2,448 pages

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Income Tax Regulations, Summer 2013 Edition (U.S.)

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




u.s.

Income Taxation of Fiduciaries and Beneficiaries (2014) (U.S.)

Byrle M. Abbin

This guide for practitioners advising fiduciaries and beneficiaries in federal income tax matters covers the broad range of complex issues from charitable remainder trusts to nexus rules and their effect. Providing expert practical advice, Income Taxation of Fiduciaries and Beneficiaries helps the practitioner obtain the most advantageous outcomes for his/her fiduciary and beneficiary clients. Key feature: 35 case studies with filled-in forms 1041 and accompanying documents.

Volume 1:

1. Overview of the Fiduciary Entity
2. The Fiduciary (Trust) Accounting Concept; Total Return Investment Philosophy
3. Principles of Federal Income Tax for Fiduciaries
4. Itemized Deductions
5. Distributions
6. Capital Gains and Alternative Minimum Taxes, Accounting Periods and Special Rules
7. Estimated Taxes
8. Passive Activity Loss Limitations
9. Trusts: Formation to Termination
10. Charitable Remainder Trusts
11. Charitable Lead Trusts
12. Alternative Use of Grantor Trusts in Transactional Planning
13. Ownership of S Corporation Stock by Trusts-Emphasizing Qualified Subchapter S Trusts and the New More Flexible Electing Small Business Trust
14. Grantor Trust Rules
15. Foreign Trusts Treated as Grantor Trusts

Volume 2
16. Estates: Formation to Termination
17. Income Tax Aspects of Fiduciary Ownership and Administration of Family Limited Partnership (FLP) Interests
18. Income Tax Aspects of Generation-Skipping Transfers
19. State Taxation of Fiduciaries and Beneficiaries
20. Special Commercial Trusts
21. IRS Ruling Policy and Audits; Responsibility for Filing and Payment of Tax
22. Foreign Trusts and Estates

7" x 10"     2,232 pages


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Like-Kind Exchanges U

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u.s.

Income Tax Regulations, Summer 2014 Edition (U.S.)

Reproduces the mammoth Treasury regulations that explain the IRS's position, prescribe operational rules, and provide the mechanics for compliance with the Internal Revenue Code.

CCH's federal tax regulations volumes include:

  • Full text reproduction of the official text of the federal income tax regulations, including unemployment insurance regulations and all estate, gift, generation-skipping transfer tax, and special valuation regulations.
  • All Proposed, Temporary and Final Income Tax Regulations, and Preambles to Proposed Regs.
  • Helpful finding devices such as:
    • Topical Index to final, temporary and proposed regulations
    • Table of Irregularly Numbered Regulations that includes a summary description of such Regs and their page number
    • Table of Public Laws by number and title
    • Table of Regulations that do not reflect changes made by recently enacted public laws
    • Proposed Reg Preamble finder
    • Table of how to locate and identify Regulations.
This new edition will include all income tax regulations issued through May 1, 2014

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




u.s.

Income Tax Regulations, Summer 2013 Edition (U.S.)

Reproduces the mammoth Treasury regulations that explain the IRS's position, prescribe operational rules, and provide the mechanics for compliance with the Internal Revenue Code.

  • Full text reproduction of the official text of the federal income tax regulations, including unemployment insurance regulations and all estate, gift, generation-skipping transfer tax, and special valuation regulations.
  • All Proposed, Temporary and Final Income Tax Regulations and Preambles to Proposed Regs.

Includes all income tax regulations issued through May 1, 2013.

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




u.s.

Income Tax Regulations, Summer 2012 Edition (U.S.)

Available: Late June 2012

Reproduces the mammoth Treasury regulations that explain the IRS's position, prescribe operational rules, and provide the mechanics for compliance with the Internal Revenue Code.

- Full text reproduction of the official text of the federal income tax regulations, including unemployment insurance regulations and all estate, gift, generation-skipping transfer tax, and special valuation regulations.
- All Proposed, Temporary and Final Income Tax Regulations, and Preambles to Proposed Regs.
- Helpful finding devices such as: 

  • Topical Index to final, temporary and proposed regulations
  • Table of Irregularly Numbered Regulations that includes a summary description of such Regs and their page number
  • Table of Public Laws by number and title
  • Table of Regulations that do not reflect changes made by recently enacted public laws
  • Proposed Reg Preamble finder
  • Table of how to locate and identify Regulations.

Includes all income tax regulations issued through May 1, 2012 .


Related books:

     

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u.s.

Income Tax Regulations (Winter 2015 Edition), December 2014 (U.S.)

Reproduces the mammoth Treasury regulations that explain the IRS's position, prescribe operational rules, and provide the mechanics for compliance with the Internal Revenue Code.

  • Full text reproduction of the official text of the federal income tax regulations, including unemployment insurance regulations and all estate, gift, generation-skipping transfer tax, and special valuation regulations.
  • All Proposed, Temporary and Final Income Tax Regulations and Preambles to Proposed Regs.
Include all regulations issued through November 1, 2014 and will be available for shipping in December, 2014.

9780808039402    6-1/4" x 9-1/8"    14,144 pages

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Foreign Bank Account Reporting – FBAR Compliance Guide, 2015 (U.S.)
INTERNATIONAL INCOME TAXATION: Code and Regulations - Selected Sections (2014-2015 Edition) (U.S.)
International Taxation: U.S. Taxation of Foreign Persons and Foreign Income (2014 Supplement)
U.S. Master Depreciation Guide (2015)

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




u.s.

Income Tax Regulations (Winter 2013) (U.S.)

Reproduces the mammoth Treasury regulations that explain the IRS's position, prescribe operational rules, and provide the mechanics for compliance with the Internal Revenue Code.

Full text reproduction of the official text of the federal income tax regulations, including unemployment insurance regulations and all estate, gift, generation-skipping transfer tax, and special valuation regulations.

All Proposed, Temporary and Final Income Tax Regulations, and Preambles to Proposed Regs.

This new edition will include all regulations issued through November 1, 2012 and will be available for shipping late in December/early January.

You might be interested in:
- U.S. Master Tax Guide (2013)
- Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes (Winter 2013)
- Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes (Summer 2013)
- Income Tax Regulations (Winter 2013) (U.S.)
- The New 3.8% Medicare Tax: In-Depth Analysis and Planning (U.S.)
-
Foreign Bank Account Reporting (FBAR) Compliance Guide
- INTERNATIONAL INCOME TAXATION: Code and Regulations - Selected Sections (2012-2013 Edition)

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u.s.

Grantor Trust Answer Book, 2015 (U.S.)

Author: Steven G. Siegel, J.D., LL.M (Taxation)

A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income.

The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs).

The Grantor Trust Answer Book will address the following:

  • The grantor trust rules can be found in Code Sections 671 through 679. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements.
  • Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantor’s estate. Other interests do not. These distinctions are discussed throughout the publication.
  • Separate chapters address the estate planning uses of all types of grantor trusts (GRATs and GRUTs, PRTs and QPRTs, IDGTs).
  • Grantor trust issues are involved in the design of certain charitable trusts, notably charitable lead trusts and these are discussed in detail.
  • Coverage of foreign grantor trusts which is increasingly a topic of planning interest and government concern is included as well.
  • The fact that grantor trusts are subject to special income tax filing and reporting rules is discussed.
  • The role grantor trusts may have in planning for life insurance ownership, like kind exchanges and involuntary conversions are also among the issues addressed.
Chapter 1 Overview of Grantor Trusts: Principles and Taxation
Chapter 2 Code Section 671 — Trust Income, Deductions and Credits Attributable to Grantors and Others as Substantial Owners
Chapter 3 Code Section 672 — Grantor Trust Definitions and Rules
Chapter 4 Code Section 673 — Reversionary Interests and the Grantor Trust Rules
Chapter 5 Code Section 674 — Power to Control Beneficial Enjoyment an

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u.s.

Grantor Trust Answer Book, 2013 (U.S.)

A grantor trust is a trust in which the settlor retains control over the trust property or its income to such an extent that the settlor is taxed on the trust's income. The use of grantor trust arrangements has become an important estate planning tool. Owners of grantor trusts may be shareholders of S corporations. A number of desirable and sophisticated estate planning arrangements involve grantor trust status as the starting point. These include grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs), personal residence trusts (PRTs), qualified personal residence trusts (QPRTs) and intentionally defective grantor trusts (IDGTs). The Grantor Trust Answer Book will address the following:

  • The grantor trust rules can be found in Code Sections 671through 678. Each of these Sections describes a particular set of rules and circumstances that will cause a trust to be treated as a grantor trust. Each of these Code Sections is discussed in a separate Chapter addressing its rules and requirements.
  • Some of the interests retained by a grantor that make a trust a grantor trust also cause inclusion of the trust property in the grantor’s estate. Other interests do not. These distinctions are discussed throughout the publication.
  • Separate chapters address the estate planning uses of all types of grantor trusts (GRATs and GRUTs, PRTs and QPRTs, IDGTs).
  • Grantor trust issues are involved in the design of certain charitable trusts, notably charitable lead trusts and these are discussed in detail.
  • Coverage of foreign grantor trusts which are increasingly a topic of planning interest and government concern is included as well.
  • The fact that grantor trusts are subject to special income tax filing and reporting rules is discussed.
  • The role grantor trusts may have in planning for life insurance ownership, like kind exchanges and involuntary conversions is also among the issues addressed.

 

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




u.s.

Governmental GAAP Practice Manual (2015) (U.S.)

Author: Eric S. Berman, CPA

Demonstrates in a detailed manner how a governmental entity can implement the complex standards established by GASB-34 and beyond through a worksheet approach. (A companion publication, Governmental GAAP Guide, discusses financial accounting and reporting standards necessary to prepare the basic external financial statements of a governmental entity.) The emphasis of Governmental GAAP Practice Manual is on the process of preparing financial statements.

Chapter 1 of the Governmental GAAP Practice Manual provides a detailed analysis of the interrelationship between the modified accrual basis of accounting and the accrual basis of accounting. Included is a comprehensive checklist of transactions and events that typically require a worksheet entry. Starting in Chapter 2 is a comprehensive illustration that continues through the remaining chapters of the book. For governmental funds, a variety of transactions are illustrated and journalized in Chapters 2 through 6, which result in a year-end trial balance for each individual fund based on the modified accrual basis of accounting. In Chapter 14, these trial balances are used as the basis for developing the information needed to prepare the fund financial statements. Chapter 16 illustrates the worksheet methodology for converting the information to the accrual basis.

A similar approach is used for proprietary funds and fiduciary funds.

In Chapter 16 the basic financial statements (including the fund financial statements and government-wide statements) are prepared based on the information developed in Chapter 13 and Chapter 14. Chapter 17 provides a discussion of note disclosure concepts and a listing of the required note disclosures applicable to state and local government financial statements. Chapter 18 discusses and develops information related to management's discussion and analysis and other required supplementary information. Chapter 19 illustrates combining financial statements that are presented as part of supplementary information included in a governmental entity's Comprehensive Annual Financial Report. Chapter 20 provides the preparers of financial statements with an in-depth review of the statistical section of the CAFR.

Governmental Funds

  • The General Fund
  • Special Revenue Funds
  • Capital Project Funds
  • Debt Service Funds
  • Permanent Funds
Proprietary Funds
  • Enterprise Funds
  • Internal Service Funds
Fiduciary Funds
  • Pension (and Other Employee Benefits) Trust Funds
  • Private-Purpose Trust Funds
  • Investment Trust Funds and Individual Investment Accounts
  • Agency Funds
The Consolidation and Conversion Process
  • Developing Information for Fund Financial Statements
  • If you would like more details about this product, or would like to order a copy online, please click here.




u.s.

Governmental GAAP Practice Manual (2013) (U.S.)

Demonstrates in a detailed manner how a governmental entity can implement the complex standards established by GASB-34 and beyond through a worksheet approach. (A companion publication, Governmental GAAP Guide, discusses financial accounting and reporting standards necessary to prepare the basic external financial statements of a governmental entity.) The emphasis of Governmental GAAP Practice Manual is on the process of preparing financial statements.

Chapter 1 provides a detailed analysis of the interrelationship between the modified accrual basis of accounting and the accrual basis of accounting. Included is a comprehensive checklist of transactions and events that typically require a worksheet entry. Starting in Chapter 2 is a comprehensive illustration that continues through the remaining chapters of the book. For governmental funds, a variety of transactions are illustrated and journalized in Chapters 2 through 6, which result in a year-end trial balance for each individual fund based on the modified accrual basis of accounting. In Chapter 14, these trial balances are used as the basis for developing the information needed to prepare the fund financial statements. Chapter 16 illustrates the worksheet methodology for converting the information to the accrual basis.

A similar approach is used for proprietary funds and fiduciary funds.

Chapter 17 uses the information developed in previous chapters to present management's discussion and analysis, notes, and other required supplementary information mandated by the GASB standards.


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u.s.

Governmental GAAP Guide, 2015 (U.S.)

Eric S. Berman, CPA

Analyzes all of the accounting principles for financial reporting by state and local governments. GASB Statements, GASB Interpretations, GASB Technical Bulletins as well as releases of the National Council on Governmental Accounting (NCGA) that remain in effect as of the date of publication, including Statements and NCGA Interpretations are restated in plain English and supported by timesaving examples and illustrations. Certain AICPA Audit and Accounting Guide concepts are also discussed. In one comprehensive volume, this impressive guide explains completely the financial accounting and reporting standards that are necessary in preparing the basic external financial statements of a governmental entity.

I. Basic Governmental Accounting Concepts and Standards

1 Foundation and Overview of Governmental Generally Accepted Accounting Principles
2 Budgetary Accounting and Reporting
3 Basis of Accounting and Measurement Focus
4 Governmental Reporting Entity
5 Terminology and Classification
II. Fund Accounting
6 Governmental Funds
7 Proprietary Funds
8 Fiduciary Funds
III. Specific Accounting and Reporting Issues
9 Deposits, Investments, and Derivative Instruments
10 Capital Assets
11 Other Assets
12 Long-Term Debt
13 Pension, Postemployment, and Other Employee Benefit Liabilities
14 Leases and Service Concession Arrangements
15 Risk Management, Claims, and Judgments
16 Other Liabilities
17 Revenues: Nonexchange and Exchange Transactions
18 Expenses/Expenditures: Nonexchange and Exchange Transactions
19 Special Assessments
IV. Financial Reporting by General-Purpose Governments
20 Comprehensive Annual Financial Report
V. Stand-Alone Financial Reporting by Special-Purpose Governments
21 Public Colleges and Universities
22 Pension and Other Postemployment Benefit Plans
23 Public Entity Risk Pools

6" x 9"     920 pages


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u.s.

Governmental GAAP Guide, 2014 (U.S.)

Author: Eric S. Berman, CPA

Analyzes all of the accounting principles for financial reporting by state and local governments.

  • GASB Statements,
  • GASB Interpretations,
  • GASB Technical Bulletins,
  • NCGA Statements and Interpretations
  • Pertinent AICPA Statements of Position and Auditing and Accounting Guides.

This material is restated in plain English and supported by timesaving examples and illustrations. In one comprehensive volume, this guide explains the financial accounting and reporting standards that are necessary in preparing the basic external financial statements of a governmental entity.

To facilitate research, major topics in the text are cross-referenced to the pertinent paragraphs of the original pronouncements. Throughout the text "Observations" clarify specific accounting principles.

I. Basic Governmental Accounting Concepts and Standards

1. Foundation and Overview of Governmental Generally Accepted Accounting Principles
2. Budgetary Accounting and Reporting
3. Basis of Accounting and Measurement Focus
4. Governmental Reporting Entity
5. Terminology and Classification

II. Fund Accounting

6. Governmental Funds
7. Proprietary Funds
8. Fiduciary Funds

III. Specific Accounting and Reporting Issues

9. Deposits, Investments, and Derivative Instruments
10. Capital Assets
11. Other Assets
12. Long-Term Debt
13. Pension, Postemployment, and Other Employee Benefit Liabilities
14. Leases and Service Concession Arrangements
15. Risk Management, Claims, and Judgments
16. Other Liabilities
17. Revenues: Nonexchange and Exchange Transactions
18. Expenses/Expenditures: Nonexchange and Exchange Transactions
19. Special Assessments

IV. Financial Reporting by General-Purpose Governments

20. Comprehensive Annual Financial Report

V.Stand-Alone Financial Reporting by Special-Purpose Governments

21. Public Colleges and Universities
22. Pension and Other Postemployment Benefit Plans
23. Public Entity Risk Pools

Accounting Resources on the Web
Cross-Reference
Index

920 pages

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u.s.

Governmental GAAP Guide, 2013 (U.S.)

Analyzes all of the accounting principles for financial reporting by state and local governments. GASB Statements, GASB Interpretations, GASB Technical Bulletins, NCGA Statements, and NCGA Interpretations as well as pertinent AICPA Statements of Position and Auditing and Accounting Guides are restated in plain English and supported by timesaving examples and illustrations. In one comprehensive volume, this guide explains completely the financial accounting and reporting standards that are necessary in preparing the basic external financial statements of a governmental entity.

A companion publication, Governmental GAAP Practice Manual, illustrates how governmental financial statements are prepared based on the standards established by GASB-34 and beyond.

I. Basic Governmental Accounting Concepts and Standards

  1. Foundation and Overview of Governmental Generally Accepted Accounting Principles
  2. Budgetary Accounting and Reporting
  3. Basis of Accounting and Measurement Focus
  4. Governmental Reporting Entity
  5. Terminology and Classification
II. Fund Accounting

      6.     Governmental Funds
      7.     Proprietary Funds
      8.     Fiduciary Funds

III. Specific Accounting and Reporting Issues

      9.     Deposits, Investments, and Derivative Instruments
    10.    Capital Assets
    11.    Other Assets
    12.    Long-Term Debt
    13.    Pension, Postemployment, and Other Employee Benefit Liabilities
    14.    Leases and Service Concession Arrangements
    15.    Risk Management, Claims, and Judgments
    16.    Other Liabilities
    17.    Revenues: Nonexchange and Exchange Transactions
    18.    Expenses/Expenditures: Nonexchange and Exchange Transactions
    19.    Special Assessments

IV. Financial Reporting by General-Purpose Governments
    
    20.    Comprehensive Annual Financial Report

V. Stand-Alone Financial Reporting by Special-Purpose Governments

    21.    Public Colleges and Universities
    22.    Pension and Other Postemployment Benefit Plans
    23.    Public Entity Risk Pools

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u.s.

GAAS Guide, 2015 (with CD-ROM) (U.S.)

Authors: Mark S. Beasley, Ph.D., CPA, and Joseph V. Carcello, Ph.D., CPA, CIA, CMA

CCH's GAAS Guide describes the engagement standards, practices, and procedures in use today, including Statements on Auditing Standards (SASs) and their Interpretations, Statements on Standards for Attestation Engagements (SSAEs) and their Interpretations, and Statements on Standards on Accounting and Review Services (SSARS) and their Interpretations.

The 2015 Edition of the GAAS Guide reflects the latest available professional standards. Most importantly, changes in auditing standards and the related Codification of Statements on Auditing Standards resulting from the Auditing Standards Board’s (ASB) Clarity and Convergence Project.

This edition includes coverage of

  • SAS-122 (essentially all of the AU-C sections) (Clarification and Recodification), issued in October 2011,
  • SAS-123 (AU-C 200, AU-C 230, AU-C 260, AU-C 705, AU-C 720, AU 915, and AU-C 935) (Omnibus Statement on Auditing Standards — 2011), issued in October 2011,
  • SAS-124 (AU-C 910) (Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country), issued in October 2011,
  • SAS-125 (AU-C 905) (Alert that Restricts the Use of the Auditor’s Written Communication), issued in December 2011,
  • SAS-126 (AU-C 570) (The Auditor’s Consideration of the Entity’s Ability to Continue as a Going Concern), issued in July 2012, and
  • SAS-127 (AU-C 600 and AU-C 800) (Omnibus Statement on Auditing Standards—2013), issued in January 2013.
SAS-122 is particularly noteworthy as it represents the culmination of the ASB’s efforts to clarify the auditing standards and to largely converge its standards with the standards of the International Auditing and Assurance Standards Board (IAASB). Designated by the new “AU-C” section numbering, the recodified, clarified standards numbers are the same as the equivalent ISA numbers for clarified SASs that are based on equivalent ISAs (AU-C section numbers for clarified SASs with no equivalent ISAs have been assigned new numbers). The GAAS Guide incorporates these new requirements throughout the affected auditing standards and includes coverage of AICPA pronouncements for the following standards:
  • SAS-127 (AU-C 600 and AU-C 900) (Omnibus Statement on Auditing Standards—2013)
  • SSAE-17 (AT 301) (Reporting on Compiled Prospective Financial Statements When the Practitioner’s Independence Is Impaired)
  • SSARS-20 (Revised Applicability of Statements on Standards for Accounting and Review Services)
All the exhibit materials in the book appear on the accompanying CD-ROM. All the sample letters, reports, and checklists found in this guide can be printed and customized to meet all your auditing, attestation, compilation, and review engagement ne

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u.s.

GAAS Guide, 2014 (with CD-ROM) (U.S.)

Authors: Mark S. Beasley, Ph.D., CPA, and Joseph V. Carcello, Ph.D., CPA, CIA, CMA

The GAAS Guide describes today's engagement standards, practices, and
procedures in use today, including:

  • Statements on Auditing Standards (SASs) and AU-C Sections,
  • Statements on Standards for Attestation Engagements (SSAEs),
  • Statements on Standards on Accounting and Review Services (SSARSs) and their relationship to the PCAOB's standards.

The latest interpretations of all the standards are also included. Most importantly, it has been updated to reflect changes in auditing standards and the related Codification of Statements on Auditing Standards resulting from the Auditing Standards Board’s Clarity and Convergence Project.

The 2014 Edition includes coverage of the following:

  • SAS-125 (AU 905) (Alert that Restricts the Use of the Auditor’s Written Communication)
  • SSAE-17 (AT 301) (Reporting on Compiled Prospective Financial Statements When the Practitioner’s Independence is Impaired)
  • SSARS-20 (Revised Applicability of Statements on Standards for Accounting and Review Services)

The book is organized to follow the arrangement of the AICPA's Professional Standards. Each section begins with a list of authoritative pronouncements and an Overview. A Promulgated Procedures Checklist identifies the essential professional responsibilities that must be satisfied in each phase of an engagement followed by an Analysis and Application of Reporting Standards, which explains how each specific promulgated procedure should be applied.

Throughout the book Risk Assessment Points, Engagement Strategies, Planning Aid Reminders, and Observations provide helpful, practical tips. Fraud Pointers alert practitioners to issues affecting auditor responsibility for fraud and fraud risks throughout the audit engagement. To keep CPAs abreast of potential changes affecting AICPA professional standards, this edition contains new overviews of outstanding exposure drafts, which highlight key elements of possible changes to existing professional standards.

The sample letters, reports, and checklists found in the text are included on a CD-ROM. They can be customized.

  • AU 200: General Principles and Responsibilities
  • AU 300: Risk Assessment and Response to Assessed Risks
  • AU 500: Audit Evidence
  • AU 600: Using the Work of Others
  • AU 700: Audit Conclusions and Reporting
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u.s.

GAAP Handbook of Policies and Procedures - w/CD-ROM (2013) (U.S.)

This practical reference contains all of the important authoritative pronouncements on GAAP with references to ASC codification, and the corresponding references to the original literature, including APB Opinions, Accounting Research Bulletins, FASB Statements, Staff Positions, Interpretations, Technical Bulletins, and Concepts, as well as AICPA Statements of Position as an aid. Securities and Exchange Financial Reporting Releases and EITF Issues are also covered when appropriate.

This volume contains accounting principles, financial reporting presentation requirements, required and recommended disclosures, and specialized accounting topics. The book includes examples, tables, exhibits, and practice aids that demonstrate how to apply GAAP in practice. In some cases, flowcharts are presented to explain, in clearer terms, the practitioner's decision process in applying a pronouncement. Current footnotes from annual reports provide clear examples of reporting.

The book also comes with a free companion CD-ROM that contains an electronic version of the book.

The 2013 GAAP Handbook covers the following topics:

PART I:       FINANCIAL STATEMENTS
PART II:      MAJOR ACCOUNTING AREAS AND REPORTING
PART III:     FOREIGN OPERATIONS AND DERIVATIVE INSTRUMENTS
PART IV:     GAAP IN SPECIALIZED INDUSTRIES

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u.s.

GAAP Handbook of Policies and Procedures (w/CD-ROM) (2015) (U.S.)

The GAAP Handbook provides many rules of thumb. Its content includes informative rules, policies, and procedures applicable to CPAs and may be used as a training medium.
    
This practical reference contains all of the important authoritative pronouncements on GAAP with references to ASC codification, and the corresponding references to the original literature, including APB Opinions, Accounting Research Bulletins, FASB Statements, Staff Positions, Interpretations, Technical Bulletins, and Concepts, as well as AICPA Statements of Position as an aid. Securities and Exchange Financial Reporting Releases and EITF Issues are also covered when appropriate.
        
The book also comes with a free companion CD-ROM that contains an electronic version of the book.

PART I: FINANCIAL STATEMENTS

  • Reporting, Presentation, and Disclosures for the Income Statement
  • Revenue Recognition
  • Balance Sheet Reporting and Disclosures: Assets
  • Balance Sheet Presentation and Disclosures: Liabilities
  • Balance Sheet Reporting: Stockholders' Equity
  • Statement of Cash Flows
  • Other Financial Statement Types and Related Items
  • Disclosures
PART II: MAJOR ACCOUNTING AREAS AND REPORTING
  • Accounting Changes and Error Corrections
  • Investments in Equity and Debt Securities
  • Business Combinations
  • Consolidation
  • Leases
  • Pension Plans and Other Postretirement Benefit Plans
  • Income Tax Accounting
PART III: FOREIGN OPERATIONS AND DERIVATIVE INSTRUMENTS
  • Foreign Currency Translation and Transactions
  • Derivatives, Repurchase Agreements, and Disclosures of Credit Risk and Fair Values: Accounting,  Reporting, and Disclosures
  • International Financial Reporting Standards: An Examination of Accounting Convergence
PART IV: GAAP IN SPECIALIZED INDUSTRIES
  • Accounting in Specialized Industries
9780808038801   7" x 10"   1,800 pages

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u.s.

GAAP Guide, 2013 (U.S.)

CCH's 2013 GAAP Guide, Volumes I and II provide the most comprehensive resource for understanding and applying authoritative GAAP literature in clear language. Each FASB Accounting Standards Codification pronouncement/topic is discussed in a comprehensive format that makes it easy to understand and implement in day-to-day practice. Practical illustrations and examples demonstrate and clarify specific accounting principles.

This two-volume set's detailed cross-reference table, index, and useful references to the original GAAP literature help you quickly locate the information you need in the way you are most comfortable with. Major standards, and interpretations of major standards, are covered in Volume I, and guidance for more narrow transactions is provided in Volume II.

Chapter 1 ASC 105—Generally Accepted Accounting Principles
Chapter 2 ASC 205—Presentation of Financial Statements
Chapter 3 ASC 210—Balance Sheet
Chapter 4 ASC 215—Statement of Shareholder Equity
Chapter 5 ASC 220—Comprehensive Income
Chapter 6 ASC 225—Income Statement
Chapter 7 ASC 230—Statement of Cash Flows
Chapter 8 ASC 235—Accounting Policies and Standards
Chapter 9 ASC 250—Accounting Changes and Error Corrections
Chapter 10 ASC 255—Changing Prices
Chapter 11 ASC 260—Earnings Per Share
Chapter 12 ASC 270—Interim Reporting
Chapter 13 ASC 272—Limited Liability Entities
Chapter 14 ASC 274—Personal Financial Statements
Chapter 15 ASC 275—Risks and Uncertainties
Chapter 16 ASC 280—Segment Reporting
Chapter 17 ASC 305—Cash and Cash Equivalents
Chapter 18 ASC 310—Receivables
Chapter 19 ASC 320—Investments—Debt and Equity Securities
Chapter 20 ASC 323—Investments—Equity Method & Joint Ventures
Chapter 21 ASC 325—Investments—Other
Chapter 22 ASC 330—Inventory
Chapter 23 ASC 340—Deferred Costs and Other Assets
Chapter 24 ASC 350—Intangibles—Goodwill and Other
Chapter 25 ASC 360—Property, Plant, and Equipment
Chapter 26 ASC 405—Liabilities
Chapter 27 ASC 410—Asset Retirement and Environmental Obligations
Chapter 28 ASC 420—Exit or Disposal Cost Obligations
Chapter 29 ASC 430—Deferred Revenue
Chapter 30 ASC 440—Commitments
Chapter 31 ASC 450—Contingencies
Chapter 32 ASC 460—Guarantees
Chapter 33 ASC 470—Debt
Chapter 34 ASC 480—Distinguishing Liabilities From Equity
Chapter 35 ASC 505—Equity
Chapter 36 ASC 605—Revenue Recognition
Chapter 37 ASC 705—Cost of Sales and Services
Chapter 38 ASC 710—Compensation—General
Chapter 39 ASC 712—Compensation—Noretirement Postemployment Benefits
Chapter 40 ASC 715—Compensation—Retirement Benefits
Chapter 41 ASC 718—Compensation—Stock Compensation
Chapter 42 ASC 720—Other Expenses
Chapter 43 ASC 730—Research and Development
Chapter 4

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u.s.

GAAP Guide (2015) Book or CD (U.S.)

Authors:
Jan R. Williams, Ph.D., CPA;
Joseph V. Carcello, Ph.D., CPA, CMA, CIA;
Terry Neal, CPA; and Judith Weiss, CPA

CCH's GAAP Guide provides the most comprehensive resource for understanding and applying authoritative GAAP literature in clear language. Each FASB Accounting Standards Codification pronouncement/topic is discussed in a comprehensive format that makes it easy to understand and implement in day-to-day practice. Practical illustrations and examples demonstrate and clarify specific accounting principles.

The Guide is organized by ASC Topic, and each chapter contains guidance for both major standards and more narrow transactions. The GAAP Guide satisfies all AICPA peer review standards and requirements.
    

Chapter 1 ASC 105— Generally Accepted Accounting Principles
Chapter 2 ASC 205— Presentation of Financial Statements
Chapter 3 ASC 210— Balance Sheet
Chapter 4 ASC 215— Statement of Shareholder Equity
Chapter 5 ASC 220— Comprehensive Income
Chapter 6 ASC 225— Income Statement
Chapter 7 ASC 230— Statement of Cash Flows
Chapter 8 ASC 235— Accounting Policies and Standards
Chapter 9 ASC 250— Accounting Changes and Error Corrections
Chapter 10 ASC 255— Changing Prices
Chapter 11 ASC 260— Earnings Per Share
Chapter 12 ASC 270— Interim Reporting
Chapter 13 ASC 272— Limited Liability Entities
Chapter 14 ASC 274— Personal Financial Statements
Chapter 15 ASC 275—If you would like more details about this product, or would like to order a copy online, please click here.




u.s.

GAAP Financial Statement Disclosures Manual, (with CD-ROM), 2013-2014 (U.S.)

 Author: George Georgiades, CPA,

Provides a complete, quick, and valuable reference source for financial statement disclosures and key presentation requirements.

  • Over 750 examples of realistic sample footnote disclosures to assis in the preparation of financial statements for an audit, a review, or compilation engagement.
  • Facilitates compliance with U.S. GAAP by integrating, in each chapter, the specific disclosure and key presentation requirements with the sample footnotes.
  • Provides sample disclosures that are technically sound, understandable, and comprehensive and that cover a variety of scenarios, from the most common to the most unusual.
  • Incorporates all currently effective accounting standards, including those that cover areas of unusual difficulty, such as financial instruments, fair value, business combinations, consolidation, income taxes, pensions, accounting changes, and variable interest entities.

All of the sample disclosures in the GAAP Financial Statement Disclosures Manual are included on the accompanying CD-ROM.

This Manual is arranged into the following major parts, consistent with the Codification’s broad structure:

  • Part 1 General Principles (Topic Codes 100s)
  • Part 2 Presentation (Topic Codes 200s)
  • Part 3 Assets (Topic Codes 300s)
  • Part 4 Liabilities (Topic Codes 400s)
  • Part 5 Equity (Topic Codes 500s)
  • Part 6 Revenue (Topic Codes 600s)
  • Part 7 Expenses (Topic Codes 700s)
  • Part 8 Broad Transactions (Topic Codes 800s)
  • Part 9 Other

Each chapter consists of the following parts:

  1. Executive Summary.
  2. Authoritative Accounting Literature.
  3. Disclosure and Key Presentation Requirements.
  4. Examples of Financial Statement Disclosures.

The GAAP Financial Statement Disclosures Manual is current through FASB Accounting Standards Update No. 2011-12, Comprehensive Income (Topic 220) — Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.

Part I General Principles
Part II Presentation
Part III Assets
Part IV Liabilities
Part V Equity
Part VI Revenue
Part VII Expenses
Part VIII Broad Transactions
Part IX Other
Accounting Resou

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u.s.

GAAP Financial Statement Disclosures Manual, (w/CD-ROM), 2014-2015 (U.S.)

George Georgiades, CPA

Provides a complete, quick, and valuable reference source for financial statement disclosures and key presentation requirements.

  • Provides over 750 examples of realistic sample footnote disclosures to assist in the preparation of financial statements for an audit, a review, or a compilation engagement.
  • Facilitates compliance with U.S. GAAP by integrating, in each chapter, the specific disclosure and key presentation requirements with the sample footnotes.
  • Provides sample disclosures that are technically sound, understandable, and comprehensive and that cover a variety of scenarios, from the most common to the most unusual.
  • Incorporates all currently effective accounting standards, including those that cover areas of unusual difficulty, such as financial instruments, fair value, business combinations, consolidation, income taxes, pensions, accounting changes, and variable interest entities.
All of the sample disclosures are included on the accompanying CD-ROM. Therefore, once you’ve identified the disclosure suited to your specific needs, you can simply select it from the CD-ROM, place it into your financial statements, then modify it as necessary. Also included is a financial statement disclosures checklist (annual and interim) that provides a centralized resource of the required and recommended GAAP disclosures and key presentation items currently in effect, using the style referencing under the FASB Accounting Standards Codification. It is designed to assist the user in determining whether the required financial statement disclosures and key presentation matters have been addressed.

This Manual is arranged into the following major parts, consistent with the Codification’s broad structure:
  • Part 1 General Principles (Topic Codes 100s)
  • Part 2 Presentation (Topic Codes 200s)
  • Part 3 Assets (Topic Codes 300s)
  • Part 4 Liabilities (Topic Codes 400s)
  • Part 5 Equity (Topic Codes 500s)
  • Part 6 Revenue (Topic Codes 600s)
  • Part 7 Expenses (Topic Codes 700s)
  • Part 8 Broad Transactions (Topic Codes 800s)
  • Part 9 Other
Current through FASB Accounting Standards Update No. 2014-05, Service Concession Arrangements.

6" x 9"     848 pages


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u.s.

Foreign Bank Account Reporting – FBAR Compliance Guide, 2015 (U.S.)

Author: Melissa S. Gillespie, CPA, JD, MST,

The Foreign Bank Account Reporting Compliance Guide is an essential resource because substantial civil penalties may be imposed for non-willful violations and for willful violations criminal penalties and imprisonment may be imposed in addition to the civil penalties.

This is an important new IRS compliance requirement with huge monetary civil penalties at stake as well as potential criminal consequences. It has ongoing compliance reporting requirements with enforcement teeth behind it and this publication provides the necessary guidance.

Part 1 FBAR Reporting
Chapter 1      History of Foreign Financial Account Reporting  
Chapter 2       How to Define a U.S. Person
Chapter 3       What is a Financial Interest?
Chapter 4       What is Signature Authority?
Chapter 5       Financial Accounts
Chapter 6       Exceptions to Filing
Chapter 7       How to Complete the Form TDF 90-22.1
Chapter 8       Penalties
Chapter 9       Recent Developments Through 2011
Chapter 10     Developments During 2012 and 2013

Part 2   FATCA Reporting
Chapter 11     An Overview of Reporting for Specified Foreign Financial Assets
Chapter 12     The HIRE Act and Form 8938 vs. Form TDF 90-22.1
Chapter 13     Temporary and Proposed Regulations for FATCA: Definitions
Chapter 14     Who is a Specified Person Under the FATCA Rules and What Are Their Applicable Filing Threshold Amounts
Chapter 15     What is Reportable on Form 8938
Chapter 16     How to Report Specified Foreign Financial Assets
Chapter 17     Penalties for Failure to File Form 8938  
Chapter 18     FATCA Withholding Provisions Found Under IRC Sections 1471-1474
   
9780808039532    7" x 10"      680 pages

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u.s.

Financial Products: Taxation, Regulation and Design (2015 Supplement) (U.S.)

Author: Andrea S. Kramer

A three-volume set, the book provides a road map to work one’s way through the tax and regulatory maze of financial products. It details the policies, rules, and interpretations that govern the federal regulation and taxation of securities, derivatives, commodities, options, and hybrid products. It provides reliable answers to questions about financial markets and products and will help in planning transactions and in defending challenged tax positions.

Part 1 Overview of the Markets
Part 2 Overview of Selected Market Participants
Part 3: Taxation of Market Participants
Part 4 Taxation of Capital Transactions
Part 5 Taxation of Ordinary Income Transactions
Part 6 Profit Motive, Sham, Business Purpose, and Other Anti-Abuse Considerations
Part 7 Treatment of Gain or Loss on Terminations of Contract Rights and Obligations
Part 8 Taxation of Dividend Income, Interest Income, Security Loans, and Repurchase Transactions
Part 9 Taxation of Stock and Other Equity Securities, Publicly Traded Partnership Interests, and Publicly Traded Trust Interests
Part 10 Taxation of Debt Securities and Options on Debt Securities
Part 11 Taxation of Asset-Backed Securities
Part 12 Taxation of Physical Commodities and Options on Commodities
Part 13 Taxation of Section 1256 Contracts
Part 14 Tax Consequences of Holding Offsetting Positions (Straddles)
Part 15 Foreign Currency and International Operations
Part 16 Notional Principal Contracts


9780808039549   6" x 9"     1,152 pages

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u.s.

Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2015) (U.S.)

Authors: Rosemarie Sangiuolo, Scott Taub, and Leslie F. Seidman

This comprehensive reference includes guidance issued by the Financial Accounting Standards Board, the FASB's Emerging Issues Task Force and Derivatives Implementation Group. It also includes standards issued by the AICPA Accounting Standards Executive Committee, and the audit and accounting guides issued by various committees of the AICPA.

This guide covers accounting requirements for public and private companies and touches on unique aspects of reporting financial instruments by non-profit organizations. Over 400 pieces of authoritative literature are referenced in this book.

Part I:  Financial Assets

1. Cash and Cash Equivalents
2. Investments in Debt and Equity Securities
3. Loans and the Allowance for Credit Losses
4. Servicing of Financial Assets
5. Transfers of Financial Assets
6. Securitizations
7. Calculating Yields on Debt Investments

Part II:  Financial Liabilities
8. Debt Financing
9. Securities Lending Arrangements and Other Pledges of Collateral
10. Convertible Debt and Similar Instruments
11. Extinguishments of Debt

Part III:  Derivatives and Hedging Activities
12. Derivatives Accounting
13. Embedded Derivatives
14. Hedge Accounting
15. Disclosures about Derivatives

Part IV:  Equity Instruments

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u.s.

Financial Accounting and Reporting (2014) (U.S.)

Authors: Dr. L. Murphy Smith, CPA, Dr. Katherine T. Smith, and Shannon Knight Deer, CPA

Designed to present financial accounting in a one-sequence course in 2-year or 4-year colleges. The book can also effectively be used in a graduate-level financial accounting course for MBA students, who are from non-business major backgrounds.

The text presents the fundamentals of financial accounting using a unique cross-functional approach that demonstrates the relevance of accounting information to the various business functional areas (e.g., marketing, finance, and production).

Accounting majors will appreciate how accounting information contributes to the success of the firm and the decision-making of every member of the management team. Non-accounting majors will understand how accounting information contributes to their future job performance. Cross-functional applications are interwoven into the presentation of accounting fundamentals in each chapter. In addition, the book contains contemporary accounting issues related to ethics, information technology, and global commerce. The textbook features a chapter, as well as observations throughout the book, on International Financial Reporting Standards (IFRS) and how they differ from U.S. generally accepted accounting principles (GAAP).

The textbook covers the key topics in financial accounting like most books in this field. The significant difference is the book’s cross-functional perspective that engages students by showing them how they will use financial accounting in their careers. The book is also unique in its integration of accounting ethics, global commerce, and technology.

The textbook includes a CD-ROM containing ancillary materials such as a Solution Manual, Test Bank, Study Guide (including chapter summaries and sample questions and problems), Working Papers in Excel, and Power Point Slides.

Chapter 1:     The Accounting Information System
Chapter 2:     The Financial Statements
Chapter 3:     Accounting Transaction Processing
Chapter 4:     Measuring Profitability and Financial Position on the Financial Statements
Chapter 5:     Cash, Internal Control, and Ethics
Chapter 6:     Accounts and Notes Receivable
Chapter 7:     Accounting for the Merchandising Firm
Chapter 8:     Plant Assets, Intangibles, and Long-Term Investments
Chapter 9:     Liabilities
Chapter 10:   Accounting for the Corporation
Chapter 11:   More About the Income Statement and Statement of Stockholders’ Equity
Chapter 12:   The Statement of Cash Flows
Chapter 13:   Financial Statement Analysis
Chapter 14:   Accounting for Global Commerce

9780808037873    8-1/

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u.s.

Fiduciary Accounting Answer Book, 2015 (U.S.)

Authors: Carol Cantrell, JD, CPA, F. Gordon Spoor, CPA/PFS

The most detailed reference book on the market for information on how to allocate receipts and disbursements between the income and principal beneficiaries of a trust or estate. Answer all questions about estate & trust accounting  including:

  • An overview of fiduciary responsibility
  • How situs impacts a will or trust
  • The Uniform Principal & Income Act
  • How to properly allocate income taxes between income and principal
Discussed in detail is how numerous types of receipts and disbursements are allocated between the income and principal beneficiaries, with each section of the Act having its own chapter.

  1. Overview of Basic Fiduciary Concepts
  2. Trust Situs
  3. Overview of Fiduciary Accounting
  4. Definitions and Fiduciary Duties — UPIA Sections 102 and 103
  5. Trustee's Power to Adjust and Judicial Control — UPIA Sections 104 and 105
  6. Determining Net Income and Beneficiary Distributions — UPIA Sections 201 and 202
  7. Apportionment at the Beginning and End of an Income Interest — UPIA Sections 301-303
  8. Receipts from Entities, Trusts and Estates — UPIA Sections 401 and 402
  9. Business and Other Activities Conducted by the Trustee — UPIA Section 403
  10. Rents, Interest, Insurance and Other Receipts Not Normally Apportioned — UPIA Section 404-408
  11. Deferred Compensation, Annuities and Similar Payments — UPIA Section 409
  12. Liquidating Assets — UPIA Section 410
  13. Mineral, Water and Other Natural Resources and Timber — UPIA Sections 411 and 412
  14. Underproductive Property — UPIA Section 413
  15. Derivatives, Options and Asset-Backed Securities — UPIA Sections 414 and 415
  16. Allocation of Disbursements During the Administration of a Trust — UPIA Sections 501 and 502
  17. Transfers from Income to Principal — UPIA Sections 503 and 504
  18. Income Taxes and Adjustments Between Principal and Income for Payment of Taxes — UPIA Sections 505 and 506

9780808039174   7" x 10"      350 pages


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u.s.

Federal Taxation: Comprehensive Topics (2013) (U.S.)

Available: April 2012

A popular teacher-created combination first and second-level tax course that offers comprehensive one-volume coverage of all the most important tax concepts and principles for a solid grounding in federal taxation. It offers clear and concise explanation of fundamental tax concepts in the framework of today's tax practice. Covering both planning and compliance, the book strikes an effective balance between AICPA model curriculum demands and the favored approaches of the majority of today's top tax teachers.

CCH's Comprehensive Topics introduces students to the complex and absorbing study of federal taxation, covering a broad range of subjects beginning with basic concepts and individual taxation. Once the fundamentals are covered, tax accounting and the taxation of partnerships and corporations become the focus. The final section of the book presents estate and gift taxation coverage, along with income taxation of trusts and estates. Deferred compensation, education savings, international tax, and state and local taxation are also addressed. 

Comprehensive Topics provides 25 chapters and additional support materials as follows:

  1. Introduction to Federal Taxation and Understanding the Federal Tax Law
  2. Tax Research, Practice and Procedure
  3. Individual Taxation--An Overview
  4. Gross Income
  5. Gross Income--Exclusions
  6. Deductions: General Concepts and Trade or Business Deductions
  7. Deductions: Business/Investment Losses and Passive Activity Losses
  8. Deductions: Itemized Deductions
  9. Tax Credits, Prepayments, and Special Methods
10. Property Transactions: Determination of Basis and Gains and Losses
11. Property Transactions: Nonrecognition of Gains and Losses
12. Property Transactions: Treatment of Capital and Section 1231 Assets
13. Tax Accounting
14. Taxation of Corporations--Basic Concepts
15. Corporate Nonliquidating Distributions
16. Corporate Distributions in Complete Liquidations
17. Corporate Reorganizations
18. Accumulated Earnings and Personal Holding Company Taxes
19. Partnerships--Formation and Operation
20. Partnerships--Distributions, Sales and Exchanges
21. S Corporations
22. Federal Estate Tax, Federal Gift Tax and Generation-Skipping Transfer Tax
23. Income Taxation of Trusts and Estates
24. Deferred Compensation and Education Planning
25. Multijurisdictional Taxation: International and State and Local Transactions
- Appendix
- Glossary of Tax Terms
- Finding Lists
- Table of Cases
- Topical Index

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