Fundamentals of Taxation 2022 Edition ISE
15th Edition
1264910290
·
9781264910298
© 2022 | Published: November 29, 2021
Fundamentals of Taxation emphasizes a hands-on approach to tax education. It's a Taxation textbook designed to expose beginning tax students to tax law, but to also teach the practical intricacies involved in the preparation of tax forms and tax retu…
Read More
Request Review Access
Request More Info
Receive via shipping:
- Colour, print bound version of the complete text
Fundamentals of Taxation emphasizes a hands-on approach to tax education. It's a Taxation textbook designed to expose beginning tax students to tax law, but to also teach the practical intricacies involved in the preparation of tax forms and tax returns.
To train tomorrow's tax preparers to handle the complex U.S. tax law, the Fundamentals of Taxation author team has devised four primary teaching advantages:
1. Organized to closely follow the IRS tax forms. Actual tax forms are incorporated throughout the text, giving students the opportunity to understand the principles behind tax law while they learn how to work with clients to obtain the
information they will need to complete tax forms.
2. Proper reporting of tax issues are illustrated. The authors present a tax issue, discuss the legal requirements, illustrate
the proper tax form placement, and show the completed form in the text, mixing practical and legal implications of
tax preparation.
3. Integration of an individual income tax software package (TaxACT).
4. The authors supplement the text with citations of relevant tax authorities, such as the Internal Revenue Code,
Treasury Regulations, Revenue Rulings, Revenue Procedures, and court cases.
To train tomorrow's tax preparers to handle the complex U.S. tax law, the Fundamentals of Taxation author team has devised four primary teaching advantages:
1. Organized to closely follow the IRS tax forms. Actual tax forms are incorporated throughout the text, giving students the opportunity to understand the principles behind tax law while they learn how to work with clients to obtain the
information they will need to complete tax forms.
2. Proper reporting of tax issues are illustrated. The authors present a tax issue, discuss the legal requirements, illustrate
the proper tax form placement, and show the completed form in the text, mixing practical and legal implications of
tax preparation.
3. Integration of an individual income tax software package (TaxACT).
4. The authors supplement the text with citations of relevant tax authorities, such as the Internal Revenue Code,
Treasury Regulations, Revenue Rulings, Revenue Procedures, and court cases.
NEW! SURGENT ENROLLED AGENT FEATURE WITH ASSIGNABLE CONNECT QUESTIONS - We have included a new feature and assignment questions that highlight the Enrolled Agent (EA) exam and McGraw Hill's continuing partnership with Surgent EA exam prep materials, allowing your students to better prepare for the EA exam and make that direct-to-career connection.
NEW! WRITING ASSIGNMENT: MANUALLY GRADED PROMPTS - The Writing Assignment tool delivers a learning experience that improves students written communication skills and conceptual understanding with every assignment. Assign, monitor, and provide feedback on writing more efficiently and grade assignments within McGraw Hill Connect?.
UPDATED! AUTO-GRADED TAX FORM PROBLEMS - with new tax forms. These assignments allow students to apply tax concepts by completing actual tax forms online with automatic feedback and grading.
UPDATED! ALGORITHMIC END-OF-CHAPTER PROBLEMS - updated for new tax law in Connect provide students with multiple versions to practice, building confidence and mastery of course material.
UPDATED! END-OF-CHAPTER CONTENT - updated for new tax law and aligned to the Enrolled Agent exam in the text and in Connect allow instructors to choose questions that will help their students prepare for this exam. A filter is available in Connect to easily select these EA Questions.
UPDATED! CONTENT COVERAGE - All tax forms, schedules, and worksheets have been updated to reflect current tax laws. Many updates were made due to the impacts of COVID.
DATA ANALYTICS: TABLEAU DASHBOARD ACTIVITIES Allow students to explore live Tableau-based data visualizations to find the relevant accounting information they will need to analyze accounting data. They allow students to check their understanding and apply what they are learning within the framework of analytics and critical thinking.
SMARTBOOK 2.0 - SmartBook identifies and closes knowledge gaps through a continually adapting reading and questioning experience that helps students master the key concepts in the chapter. SmartBook 2.0 is the latest version of SmartBook, with key updates to: improve accessibility, provide mobile functionality, allow a more granular level of content selection, and provide the ability to assign Recharge activities.
FREE TAXACT TAX RETURN SOFTWARE DOWNLOAD - Integrated individual income tax software package with updated 2020 forms. The TaxAct software enables student to complete returns using sample taxpayers who appear from chapter to chapter. Key to this the flexibility with which it can be employed: instructors can choose to rely heavily on the software, incorporate it only after covering the law and reporting, or deemphasize the component completely.
SURGENT ENROLLED AGENT REVIEW EXAM PREP COURSE - Being an Enrolled Agent (EA) in the highest credential awarded by the IRS and can offer a range of career opportunities to new graduates. Surgents students have pass rates 95%, and Cruz users will gain free access to Part 1 of Surgents test prep material, as well as discounted offers for additional parts of their exam review course.
REMOTE PROCOTRING & BROWSER-LOCKING CAPABILITES - New remote proctoring and browser-locking capabilities, hosted by Proctorio within Connect, provides control of the assessment environment by enabling security options and verifying the identity of the student. Seamlessly integrated within Connect, these services allow instructors to control students assessment experience by restricting browser activity, recording students activity, and verifying students are doing their own work. Instant and detailed reporting gives instructors an at-a-glance view of potential academic integrity concerns, thereby avoiding personal bias and supporting evidence-based claims.
READANYWHERE EBOOK APP - enables offline and data-free reading with a down-loadable text, including notetaking, highlighting, and cross-platform syncing capabilities. Hands-free learning with new ReadSpeaker text-to-speech tool reads text to students.
FROM SHOEBOX TO SOFTWARE- This application explains how a tax preparer assembles all or parts of a tax return. These vignettes illustrate the many ways clients present their financial information to tax preparers and give students the tools to make sense of complicated regulations. This practical approach helps students make the leap from theoretical tax to application.
TAX YOUR BRAIN - This feature is designed to work with the examples in the text to reinforce the understanding of key concepts. Students are given information in an example and then are asked to apply what they have learned to a different situation. By asking the student to think critically about theories and concepts, these examples provide another opportunity for hands-on experience.
PROPER REPORTING OF TAX ISSUES - The text illustrates proper reporting of tax issues. Each chapter presents a tax issue, discusses legal requirements, illustrates proper tax form placement, and provides the completed tax form as an example within the text. From Shoebox to Software tax return problems integrate the in-text examples, reinforcing practical tax applications.
RELEVANT CITATIONS- Relevant citations to common tax law sources and common authorities, such as the Internal Revenue Code, Revenue Ruling, Revenue Procedures, applicable IRS Publications and court cases are placed in footnotes. These footnotes are designed to be a helpful source of additional information for the student, without interrupting the flow of the text. Placing this information in footnotes also allows the instructor flexibility; instructors can choose to use them as starting point for more in-depth study of a topic, or not, depending on their preference.
IRS TAX FORMS - The authors introduce students to standard IRS forms early and reinforce their use throughout the text. Actual tax forms are incorporated throughout the text, giving students the opportunity to learn how to work with clients to obtain the information they will need to fill out tax forms, while understanding the principles behind tax law.
McGraw-Hill Connect is an award-winning digital teaching and learning solution that empowers students to achieve better outcomes and enables instructors to improve course management efficiency.
High-Quality Course Material
Our trusted solutions are designed to help students actively engage in course content and develop critical higher-level thinking skills while offering you the flexibility to tailor your course to the ways you teach and the ways your students learn.
Assignments & Automatic Grading
Connect features a question bank that you can select from to create homework, practice tests and quizzes. Dramatically reduce the amount of time you spend reviewing homework and grading quizzes, freeing up your valuable time to spend on teaching.
Analytics & Reporting
Monitor progress and improve focus with Connect’s visual and actionable dashboards. Reports are available to empower both instructors and students with real-time performance analytics.
Seamless Integration
Link your Learning Management with Connect for single sign-on and gradebook synchronization, with all-in-one ease for you and your students.