Federal Income Taxation of Individuals, Third Edition gives you the tools to fully research any individual income tax question without having to wade through countless publications.

Federal Income Taxation of Individuals provides you with in-depth analysis of crucial areas such as:

• Determination of gross income
• Business and profit-seeking deductions, capital expenses, depreciation and amortization, transactional losses, bad debts, interest and business credits
• Net operating loss carryovers, at-risk limitations, passive activity loss rules
• Deductions for medical expense, charitable contributions, home mortgage interest and taxes, and casualty losses
• Gains from the sale of property, nonrecognition rules, capital gains and losses, Section 1231 gains and depreciation recapture
• Cash and accrual method accounting, nonqualified deferred compensation, installment sales and original issue discount
• Filings unit, assignment of income, "kiddie tax," grantor trusts, and community property
• Alimony, child support, and divisions of marital property
• Alternative minimum tax
• Tax procedure, penalties, standards of practice, and tax litigation