Income in kind -- Compensation for losses -- Gifts and kindred items -- Capital appreciation -- Return of capital and timing issues -- Receipts subject to offsetting liabilities -- Tax expenditures : state and municipal bond interest -- Deductions, credits, and computation of tax -- Interest,...

The passthrough system -- Introduction to partnership accounting -- Partnership allocations : general rules -- Partnership allocations : nonrecourse deductions -- Partnership allocations : special anti-income shifting rules -- Sales of partnership interests -- Property contributions and...

Introduction -- The why and the what of taxing income -- The private sphere and te public sphere -- When is it income? -- Debt and certain other financial instruments -- Whose income is it? -- Expenses of earning income -- Tax shelters and tax planning -- Mixed business and personal expenses --...

An introduction to the income tax -- The scope of gross income -- Property transactions -- Personal deductions -- Business expense deductions -- Capitalization and cost recovery -- Tax accounting -- Tax preferences, tax shelters, and the alternative minimum tax -- Taxation of the family --...