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Adopted at over 100 schools, this casebook provides detailed information on federal income taxation, with specific assignments to the Internal Revenue Code, selected cases, and administrative rulings from the Internal Revenue Service. The revised and updated Nineteenth Edition retains the book’s long standing format and much of its prior materials, but it is updated to reflect recent events including all legislative developments, especially the 2017 Tax Cuts and Jobs Act (Pub. L. 115-97).

The new edition contains coverage of the provisions of the Tax Cuts and Jobs Act, including the following significant changes: (1) rate reductions for individuals, including a significant rate reduction for business income earned in pass-through entities, (2) changes liberalizing the cost recovery system (including §§ 179 and 168(k)), (3) restrictions on the home mortgage interest deduction and deduction for state and local taxes, (4) the elimination of the deduction for most entertainment expenditures, (5) the non-deductibility of miscellaneous itemized deductions and the effect of that change on other areas of deductions, (6) a new limitation on the deductibility of business interest, (7) a new limitation on excess business losses of noncorporate taxpayers, (8) repeal of the rules for alimony and separate maintenance payments after 2018, (9) the significant increase in the standard deduction and elimination of the exemption deduction, (10) changes in the accrual method of accounting, (11) the increase and expansion of the child tax credit, (12) a new 60% limitation applicable to cash gifts to public charities, (13) new rules limiting like-kind exchanges to real property exchanges, (14) “simplification” of the kiddie tax, and (15) increased exemption amounts under the alternative minimum tax which make the tax applicable to fewer individuals.

Imprint: Foundation Press
Series: University Casebook Series
Publication Date: 08/03/2018

James J. Freeland

Daniel J. Lathrope, University of San Francisco School of Law

Stephen A. Lind, University of CA-Hastings College of Law

Richard B. Stephens


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Significant changes in the 19th Edition include:

1. Updated to reflect all legislative changes, including the Tax Cuts and Jobs Act (Pub. L. 116-97).

2. Elimination of the alimony and separate maintenance rules after 2018 (Chapter 10).

3. Increased coverage of entity taxation (Chapter 13).

4. Coverage of the rules for depreciating tangible property, including § 168(k), § 179, § 280F, and qualified improvement property (Chapter 14)

5. Changes in the deduction of qualified residence interest and coverage of the new limitation on the deductibility of business interest (Chapter 16).

6. Coverage of the new limitation on the deduction of state and local taxes (Chapter 16).

7. Revised and reorganized coverage of limitations on deductions and coverage of the new limitation on noncorporate excess business losses (Chapter 17).

8. Coverage of the denial of a deduction for miscellaneous itemized deductions and the affect of that change on other Code sections (Chapters 14, 15 and 18).

9. Increases in the standard deduction and elimination of the dependency exemption (Chapter 18).

10. Changes in the accrual method of accounting (Chapter 19).

11. Modification of and limitations on the net operating loss deduction (Chapter 20).

12. Updated coverage of capital gains and losses and changes in the definition of a capital asset (Chapter 21).

13. Coverage of the new 60% limitation on cash gifts to public charities and restrictions on personal casualty losses (Chapter 23).

14. Coverage of the limitation on like-kind exchanges to exchanges of real property (Chapter 26).

15. Revised and reorganized coverage of determination of tax liability, including the rates for various types of income, the kiddie tax, the child tax credit, and the alternative minimum tax (Chapter 27).

16. Updated coverage of tax procedure, professional responsibility, and tax policy (Chapters 28-30).

Learn more about this series.