Fundamentals of Federal Income Taxation: CasebookPlus (University Casebook Series)

This widely-adopted casebook provides detailed information on federal income taxation, with specific assignments to the Internal Revenue Code, selected cases, and regulations and rulings from the Internal Revenue Service. The revised and updated Twentieth Edition marks the 50th anniversary of the casebook’s first publication, and in this edition Professor Heather M. Field (University of California College of the Law, San Francisco) joins the casebook as an author. This new edition retains the book’s long standing format and much of its prior materials, but it is updated to reflect recent events including legislative, judicial, and regulatory developments.

The new edition contains expanded materials on tax policy, including discussions of (1) the fundamentals of tax policy, (2) a comparison of the definition of income under the Internal Revenue Code and under Haig-Simons, (3) the realization requirement for gains and losses, (4) the argument for and against the stepped-up basis in Section 1014, (5) a critique of tax expenditures, and (6) the preferential treatment of capital gains.

Other significant changes in the casebook include new or revised coverage, sometimes with problems, of: (1) judicial review of Treasury regulations, (2) taxation of virtual cu(more...)