000			02107cam a2200193 i 4500
999			_c4491 _d4491
020			_a9780769852829 (pbk.)
020			_a0769852823 (pbk.)
050	0	0	_aKF6369.85 _b.B89
100	1		_aBurke, J. Martin.
245	1	0	_aUnderstanding federal income taxation / _cJ. Martin Burke, Regents Professor of Law, University of Montana School of Law; Michael K. Friel, Professor of Law and Director, Graduate Tax Program, University of Florida Levin College of Law.
250			_aFourth edition.
260			_aNew Providence, NJ _bLexis Nexis _c2013
300			_axxiv, 721, 6, 8, 1, 16 pages ; _c25 cm
500			_aIncludes index.
505	0		_aIntroduction to federal income tax -- Gross income concepts and limitations -- The effect of an obligation to repay -- Gains derived from dealings in property -- Gifts, bequests, and inheritance -- Sale of a principal residence -- Scholarships and prizes -- Life insurance, annuities, and individual retirement accounts -- Discharge of indebtedness -- Compensation for personal injury and sickness -- Fringe benefits -- Business and profit seeking expenses -- Capital expenditures -- Depreciation -- Losses and bad debts -- Travel expenses -- Entertainment and business meals -- Educational expenses -- Other deductible personal expenses -- Hobby losses -- Home offices, vacation homes, and other dual use property -- The interest deduction -- The deduction for taxes -- Casualty losses -- Medical expenses -- Charitable deductions -- Limitations on deductions -- Cash method accounting -- Accrual method accounting -- Annual accounting -- Capital gains and losses -- Quasi-capital assets : section 1231 -- Depreciation recapture -- Assignment of income -- Below market loans -- Tax consequences of divorce -- Effect of debt on basis and amount realized -- Like kind exchanges -- Involuntary conversions -- Installment sales -- Sale of a business and sale-leasebacks -- An introduction to original issue discount -- Limitations on tax shelters -- The alternative minimum tax.
650		0	_aIncome tax _xLaw and legislation
700	1		_aFriel, Michael K.
942			_cBK