CONTENTS
Dedications............................................................................................................................ iii
About the Authors.................................................................................................................. v
Preface................................................................................................................................. ix
Tools of Income Tax Planning
Chapter 1 Income Tax Law Fundamentals.......................................................................... 1
Chapter 2 Compliance..................................................................................................... 11
Chapter 3 Income............................................................................................................ 19
Chapter 4 Deductions...................................................................................................... 29
Chapter 5 Credits............................................................................................................ 39
Chapter 6 Calculation of Tax............................................................................................ 45
Chapter 7 Grantor Trusts................................................................................................. 49
Chapter 8 Simple vs. Complex Trusts............................................................................... 55
Chapter 9 Income Taxation of Estates.............................................................................. 61
Chapter 10 Accounting Methods........................................................................................ 65
Chapter 11 Sole Proprietorships......................................................................................... 71
Chapter 12 Partnerships.................................................................................................... 75
Chapter 13 Corporations.................................................................................................... 81
Chapter 14 S Corporations................................................................................................. 87
Chapter 15 Limited Liability Companies & Limited Liability Partnerships.............................. 93
Chapter 16 Cost Recovery Concepts.................................................................................. 97
Chapter 17 Passive Activities and At-Risk Rules............................................................... 103
Chapter 18 Alternative Minimum Tax............................................................................... 113
Chapter 19 Charitable Contributions and Deductions.......................................................... 127
Chapter 20 Basis............................................................................................................. 141
Chapter 21 Capital Gains and Losses................................................................................ 151
Chapter 22 Marriage and Divorce.................................................................................... 161
Chapter 23 Income in Respect of a Decedent and Related Deductions............................... 167
Techniques of Income Tax Planning
Chapter 24 Timing of Income and Deductions................................................................... 177
Chapter 25 Conversion of Income.................................................................................... 181
Chapter 26 Alternative Minimum Tax Planning.................................................................. 191
Chapter 27 Stock Option Planning.................................................................................... 203
Chapter 28 Charitable Planning........................................................................................ 213
Chapter 29 Changing Accounting Methods........................................................................ 227
Chapter 30 Like-Kind Exchanges..................................................................................... 231
Chapter 31 Planning for the Sale or Exchange of Assets.................................................... 247
Chapter 32 Retirement Planning....................................................................................... 265
Appendices
Appendix A After-Tax Equivalents of Tax-Exempt Yields................................................... 291
Appendix B Charitable Gift Annuity Rates......................................................................... 293
Appendix C Group Term Life Insurance............................................................................ 295
Appendix D Income Tax Rate Schedules........................................................................... 297
Appendix E Innocent Spouse Rules................................................................................... 299
INDEX.............................................................................................................................. 301