Advanced Strategies in Taxation or The Other Greeks

Advanced Strategies in Taxation

Author: Sally Jones

In response to market demand, Principles of Taxation: Advanced Strategies, by Sally Jones and Shelley Rhoades-Catanach, was developed to provide coverage of advanced tax topics. This book is ideal for students who studied Principles of Taxation for Business and Investment Planning in their introductory tax course. The two textbooks provide an integrated two-semester sequence of topics that represent a complete educational package for tax students. Nevertheless, Advanced Strategies is written in a self-contained manner. While its approach is consistent with Principles, the technical content builds on knowledge that students should know from their introductory tax course, regardless of the textbook used. Advanced Strategies explores the tax consequences of many, sophisticated business, financial, and personal wealth-planning transactions.The discussion of tax issues emphasizes the development and implementation of strategies to make transactions as tax efficient as possible to all parties involved. Many of the tax strategies are analyzed in terms of their impact on net cash flows and on the income statements and balance sheets of the transacting parties.

Table of Contents:

Pt. 1	Strategic tax planning	1
Ch. 1	Introduction	3
Ch. 2	Tax research	23
Pt. 2	Tax strategies for new businesses	47
Ch. 3	Organizational strategies	49
Ch. 4	Employee compensation strategies	81
Pt. 3	Business operating strategies	109
Ch. 5	Income measurement and reporting	111
Ch. 6	Business incentive provisions	141
Ch. 7	Income and loss allocations by passthrough entities	171
Ch. 8	Distributions to business owners	203
Pt. 4	Strategies for business growth and expansion	233
Ch. 9	Multiple-entity business structures	235
Ch. 10	Multistate business expansion	261
Ch. 11	International business expansion	289
Pt. 5	Business capital transactions	319
Ch. 12	Dispositions of equity interests in business entities	321
Ch. 13	Corporation acquisitions, mergers, and divisions	351
Ch. 14	Business liquidations and terminations	381
Pt. 6	Personal wealth planning	407
Ch. 15	The transfer tax system	409
Ch. 16	Income taxation of trusts and estates	441
Ch. 17	Wealth transfer planning	471
App. A	Present value of $1	507
App. B	Present value of annuity of $1	508

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The Other Greeks: The Family Farm and the Agrarian Roots of Western Civilization

Author: Victor Davis Hanson

For generations, scholars have focused on the rise of the Greek city-state and its brilliant cosmopolitan culture as the ultimate source of the Western tradition in literature, philosophy, and politics. This passionate book leads us outside the city walls to the countryside, where the vast majority of the Greek citizenry lived, to find the true source of the cultural wealth of Greek civilization. Victor Hanson shows that the real "Greek revolution" was not merely the rise of a free and democratic urban culture, but rather the historic innovation of the independent family farm.
The farmers, vinegrowers, and herdsmen of ancient Greece are "the other Greeks," who formed the backbone of Hellenic civilization. It was these tough-minded, practical, and fiercely independent agrarians, Hanson contends, who gave Greek culture its distinctive emphasis on private property, constitutional government, contractual agreements, infantry warfare, and individual rights. Hanson's reconstruction of ancient Greek farm life, informed by hands-on knowledge of the subject (he is a fifth-generation California vine- and fruit-grower) is fresh, comprehensive, and absorbing. His detailed chronicle of the rise and tragic fall of the Greek city-state also helps us to grasp the implications of what may be the single most significant trend in American life today--the imminent extinction of the family farm.