the timing of income recognition in tax law and the time value of money

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The Timing Of Income Recognition In Tax Law And The Time Value Of Money

Author : Moshe Shekel
ISBN : 9781134021949
Genre : Business & Economics
File Size : 82. 16 MB
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Time itself creates advantages and disadvantages in the field of taxation. The timing of the recognition of income and expenses for tax purposes has two main implications: firstly, for the timing of the collection of tax, and secondly, for the question of quantification, i.e., how to ensure that the difference between the timing of the recognition of income or expenses, as opposed to the respective dates on which the amounts are actually received or paid, does not distort the determination of the amount of chargeable income. The time component is a weapon in the confrontation between the opposing motivations of the taxpayers and the tax authorities. In any given fiscal year, taxpayers seek to present a minimal picture of their chargeable income, by "deferring" the recognition of income or "advancing" the recognition of expenses. As opposed to this, the tax authorities adopt the opposite strategy: maximizing taxable "profit" in any given year. This book critically examines the various approaches that have been adopted in the tax systems in the UK, the US and Israel in relation to the timing of income recognition and expenses for tax purposes. It suggests an innovative tax model that identifies the advantages that arise to the taxpayer as a result of the differences between the timing of the recognition of income and expenses, and the timing of the receipt of the revenue or the payment of a liability, and taxes only that advantage.

Federal Income Taxation

Author : Joseph Bankman
ISBN : 9781454887256
Genre : Law
File Size : 80. 74 MB
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Building on and adding to the strengths of its predecessors, the new 17th Edition of Federal Income Taxation continues the legacy of its original authors, Boris Bittker, Lawrence M. Stone and William A. Klein, in presenting complex material in an easy to understand way. With leading tax scholars Bankman, Shaviro, Stark and now Kleinbard at the helm of this widely popular book, the book continues to offer an accessible format, bridging the gap between theory and practice, and presenting a variety of perspectives: historical, economic, political, and international. New cases have been added, including more recent older cases (such as Cesarini v. United States), and new chapters have been included on Public and Private Sphere, Debt, Economic Substance, and Law and Poverty.

Concepts In Federal Taxation 2008 Edition

Author : Kevin Murphy
ISBN : 9780324640151
Genre : Education
File Size : 25. 9 MB
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Learn the principles you need for a successful tax career as you concentrate on the concepts underlying the latest tax rules, laws and regulations. Instead of focusing on memorizing the specifics within today's tax Code, CONCEPTS IN FEDERAL TAXATION 2008 takes a less detailed, conceptual approach that presents the unifying concepts and overriding principles that apply to all of the specific tax rules and regulations. Numerous Concept Checks within the book ensure you understand the conceptual underpinnings of today's tax laws, while a variety of strong applications and exercises provide the practice you need to prepare for the tax simulations within the CPA exam. A strong balance between tax concepts and the Internal Revenue Code and regulations provides a practical foundation for your future in today's business environment. RIA Checkpoint Student Version is an optional bundle item with any new text. Information that reflects the latest tax code changes and developments throughout the book and the supporting website with learning resources and up-to-the-minute tax developments offer everything you need to tackle today's most challenging tax situations for individuals or corporations. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Federal Income Taxation In Focus

Author : Bobby L. Dexter
ISBN : 9781454897644
Genre : Law
File Size : 79. 14 MB
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This first edition casebook provides a comprehensive introduction to the law of federal income taxation. Coverage includes foundational concepts, core statutory and regulatory provisions, and specialized terminology. Students can use Federal Income Taxation in Focus and its associated materials to build a solid knowledge base and to enhance critical lawyering skills (e.g., comprehending complex rules and presenting persuasive text-based arguments). Because it provides thorough substantive grounding and familiarizes students with practice materials and research tools, the casebook enables students not only to make a meaningful contribution in a clinical setting but also to proceed comfortably to advanced study at the J.D. or L.L.M. level. Key Features: Student-Friendly Pedagogy Introductory Discussion of Topics Case Previews and Post-Case Follow-Ups Real-Life Applications Chapter Summaries Application Problems Federal Income Taxation in Practice Focus on Preparing Students for Practice Embrace of Accessible, Modern-Day Authorities and Landmark Precedent Authorities, Examples, and Exercises Reflect Student, Taxpayer, and Attorney Diversity

Tax Strategies For Corporate Acquisitions Dispositions Spin Offs Joint Ventures And Other Strategic Alliances Financings Reorganizations And Restructurings

Author :
ISBN : STANFORD:36105063892207
Genre : Consolidation and merger of corporations
File Size : 80. 2 MB
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Sommerfeld S Concepts Of Taxation

Author : Silvia A. Madeo
ISBN : 0030068339
Genre : Business & Economics
File Size : 29. 47 MB
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Accounting For Depreciation

Author :
ISBN : 0852918364
Genre : Accounting
File Size : 65. 8 MB
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Wiley Gaap 2015

Author : Joanne M. Flood
ISBN : 9781118945063
Genre : Study Aids
File Size : 26. 18 MB
Format : PDF, Kindle
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The quick, complete, cross-referenced GAAP guide, with illustrations, explanations, and examples Wiley GAAP 2015 contains the most comprehensive coverage of all GAAP pronouncements in a single volume, providing professionals with a complete reference to the entire GAAP hierarchy. This new edition includes the latest updates to the standards, along with AICPA ASEC statements of position and a comprehensive cross-reference of accounting topics to the new FASB codification system. All pronouncements are fully explained in detail, including terminology, and practice exercises demonstrate real-world application. Each chapter includes a discussion of perspectives and issues, sources of GAAP, definitions, concepts, rules, and examples, with specific appendices where applicable. This useful guide contains more examples and illustrations than any other GAAP reference, and all original pronouncements are referenced to the FASB Current Text. GAAP is constantly being updated, and users require expert interpretation and explanation of relevant principles with every new pronouncement. This book provides clear, user-friendly guidance, including FASB Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation Guides, and AICPA Statements of Position and Accounting Interpretations. Readers will: Refer to GAAP standards and ASEC statements quickly and easily Understand relevant terminology, concepts, and rules Study detailed examples to gain a solid working knowledge of the standards Gain confidence by practicing GAAP applications before using it in the field This guide represents the most complete, comprehensive GAAP reference available, and the digital format allows for instant access to needed information through the point-and-click index and Table of Contents. Busy professionals need to get up to speed quickly without sacrificing a solid understanding, and Wiley GAAP 2015 is the essential user-friendly reference.

Federal Taxes And Management Decisions

Author :
ISBN : PSU:000016747128
Genre : Business enterprises
File Size : 47. 36 MB
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Federal Tax Accounting

Author : Frank L. Brunetti
ISBN : 0808047337
Genre : Business & Economics
File Size : 75. 8 MB
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Federal Tax Accounting identifies and discusses the various rules governing the conduct of attorneys, certified public accountants and enrolled agents (EAs) in federal tax practice. Practice standards govern the conduct of the professional tax practitioner in return preparation, giving advice, and representation of a taxpayer before the authorities.

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