This text deals with fundamental income taxation principles: What is income? What expenditures are deductible? When are income and deduction items properly taken into account? Who is the appropriate taxpayer? This fifth edition is a significant revision of the material in the fourth edition, reflecting the plethora of tax legisltation enacted since 1998, as well as the myriad judicial and administrative developments in the past few years.
The new fifth edition includes a separate Problems Supplement.
Paul R. McDaniel is a Professor of Law and James J. Freeland Eminent Scholar in Taxation at the University of Florida.
Martin J. McMahon, Jr. is the Charles J. TeSelle Professor of Law at the University of Florida.
Daniel L. Simmons is a Professor of Law at the University of California at Davis.
Alice G. Abreu is a Professor of Law at Temple University.