Part 1 Introduction to the Federal Tax System

Chapter 1 — An Overview of Federal Taxation

Chapter 2 — Tax Practice and Research

Chapter 3 — Taxable Entities; Tax Formula; Introduction to Property Transactions

Chapter 4 — Personal and Dependency Exemptions; Filing Status; Determination of Tax
for an Individual; Filing Requirements

Part 2 Gross Income

Chapter 5 — Gross Income

Chapter 6 — Gross Income: Inclusions and Exclusions

Part 3 Deductions and Losses

Chapter 7 — Overview of Deductions and Losses

Chapter 8 — Employee Business Expenses

Chapter 9 — Capital Recovery: Depreciation, Amortization, and Depletion

Chapter 10 — Certain Business Deductions and Losses

Chapter 11 — Itemized Deductions

Chapter 12 — Deductions for Certain Investment Expenses and Losses

Part 4 Alternative Minimum Tax and Tax Credits

Chapter 13 — The Alternative Minimum Tax and Tax Credits

Part 5 Property Transactions

Chapter 14 — Property Transactions: Basis Determination and Recognition of Gain or Loss

Chapter 15 — Nontaxable Exchanges

Chapter 16 — Property Transactions: Capital Gains and Losses

Chapter 17 — Property Transactions: Dispositions of Trade or Business Property

Part 6 Employee Compensation and Retirement Plans

Chapter 18 — Employee Compensation and Retirement Plans

Part 7 Corporate Taxation

Chapter 19 — Corporations: Formation and Operation

Chapter 20 — Corporate Distributions, Redemptions and Liquidations

Chapter 21 — Taxation of Corporate Accumulations

Part 8 Flow-Through Entities

Chapter 22 — Taxation of Partnerships and Partners

Chapter 23 — S Corporations

Part 9 Family Tax Planning

Chapter 24 — The Federal Transfer Taxes

Chapter 25 — Income Taxation of Estates and Trusts

Chapter 26 — Family Tax Planning

Appendices

Appendix A — Tax Rate Schedules and Tables

Appendix B — Tax Forms

Appendix C — Modified ACRS Tables

Appendix D — Continuous Individual Tax Return Problems and Three Comprehensive
Individual Tax Return Problems for 2019

Appendix E — Glossary of Tax Terms

Index