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71-Books-Catalog-2007 - Be current and compliant Practice...

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Unformatted text preview: Be current and compliant Practice confidently Save valuable research time Increase your efficiency Expand your practice into allied areas References, Handbooks, Guides, Treatises and Journals for Tax and Accounting Professionals CCH has the solutions to your challenges Whether your focus is on planning, compliance or litigation, CCH is the tax and accounting professional's first choice. We provide integrated solutions, including research, software and workflow tools, consulting and support based on customer needs and workflows to help you practice efficiently, confidently and compliantly. This new CCH books catalog contains more titles, more choices, and more information to help you work smarter and faster. Among the titles are the industry-leading U.S. Master Tax Guide, the Express AnswersTM step-by-step tax preparation series, GAAP Guides and Handbooks, plus an arsenal of information on estate planning. Tax legislation is covered in-depth through expert explanation and analysis and also in abbreviated highlights to support your needs. Research from CCH has been the building block of professionals for years. CCH publications are meticulously researched by industry experts to help you stay compliant. They are updated regularly, and new titles are added continually to advise you of emerging opportunities that can broaden your business. Check them out for yourself! CCH publications are excellent values. Many of them include special bonuses, such as a free companion CD with adaptable work papers and forms, or even a free "Top Issues" book that could help you earn CPE credit. For the entire line of more than 300 CCH publications ... or web-based interactive tools to streamline your processes, we invite you to visit our website: CCHGroup.com. Icons used throughout: Includes FREE companion CD to clarify topics and how they work Includes bonus CPE self-study course (grading fee additional) Visit CCHGroup.com/CPECredit for additional information and requirements CD-ROM CPE Table of Contents FEDERAL TAXATION ..........................................................................................2 7 BUSINESS/CORPORATE TAXATION ..............................................................8 15 TAX CONTROVERSY PRACTICE AND PROCEDURE ...................................16 17 INDIVIDUALS' TAXATION AND TAX PLANNING........................................18 21 EXEMPT/NON-PROFIT ORGANIZATIONS ..................................................22 23 COMPENSATION AND BENEFITS TAXATION .............................................24 25 PROPERTY TAX ...................................................................................................26 REAL ESTATE TAXATION ...................................................................................27 FINANCIAL PRODUCTS: TAXATION AND ACCOUNTING .......................28 29 SPECIAL INDUSTRIES: TAXATION AND ACCOUNTING............................30 32 TAX RETURN PREPARATION/FORMS............................................................33 35 STATE TAX ............................................................................................................36 37 CALIFORNIA TAX GUIDANCE .........................................................................38 39 NEW YORK TAX GUIDANCE ............................................................................40 41 SALES AND USE TAX..........................................................................................42 43 INTERNATIONAL TAX AND ACCOUNTING.................................................44 45 ACCOUNTING ....................................................................................................46 53 AUDIT/ENGAGEMENT ......................................................................................54 59 FINANCE ..............................................................................................................60 61 FINANCIAL AND ESTATE PLANNING ............................................................62 69 CHARITABLE/PLANNED GIVING ....................................................................70 BOOK LIBRARY PLANS .....................................................................................71 CONTINUING PROFESSIONAL EDUCATION .............................................72 73 TEXTBOOKS/STUDY GUIDES ..........................................................................74 75 PRACTICE MANAGEMENT AND DEVELOPMENT TOOLS.........................76 CLIENT MARKETING AND DISTRIBUTION BOOKLETS .............................77 To order call 1 800 248 3248 or visit CCHGroup.com/Books 1 U.S.Master Tax Guide The tax professional's number one quick-reference! This Guide is meticulously researched to reflect all pertinent tax topics that will affect tax returns. Significant new tax developments are conveniently highlighted and explained. Explanations are footnoted to provide accurate, legally-sound guidance on applying and complying with today's complex federal tax laws. A bonus CPE self-study Top Federal Tax Issues is included (grading fee additional). Includes valuable practice tools to slash your research time: Tax calendar Taxpayer specific return flowcharts Rate tables Depreciation tables Quick Tax Facts card Softbound: Publishes: November, about 864 pages. Hardbound: Publishes: December, about 864 pages. FEDERAL TAXATION Standalone CD: Publishes: December. CD and Book Bundle: Publishes: December. TRC Edition (with references to the CCH comprehensive tax analysis update service -- Tax Research Consultant): CPE Publishes: December, about 864 pages. Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes The most direct means of researching the full, unabridged text of the complete Internal Revenue Code dealing with income, estate, gift, employment and excise taxes and all recent procedural and administrative provisions. Includes tax rate tables and a detailed topical index. It provides: Income Tax Regulations The full text reproduction of the official text of the federal income tax regulations, all proposed, temporary and final regulations, and preambles to proposed regulations. Includes all estate, gift and generationskipping regulations. Designed for quick navigation in an easyto-read, larger-type format, with invaluable finding devices: Quick navigation, with code subsection numbers plainly identifiable Easy-to-read format, with a larger text size Clear presentation, with official statutes appearing in a single-column format and amendment notes in a twocolumn format after each related code subsection Proposed Regulation Preamble Finder Regulations locator/identification table Topical index to final, temporary and proposed regulations Table of Public Laws by number and title Publishes: Twice a year (in January and July), about 5,000 pages in two volumes. 2 Publishes: Twice a year (in February and August), about 11,700 pages in six volumes. Federal Tax Course: A Guide for the Tax Practitoner By Susan Flax Posner, JD, LLM Be current and be compliant! This practical, easy-touse guide provides clearly written discussions of recent tax developments, new tax laws, plus updates on today's hot issues such as Sec. 199 deductions, Circular 230 requirements, deduction for "clean-fuel" vehicles, and more! It includes time-saving features to speed your research, including: Federal Tax Audio Advisor By Sidney Kess, JD, CPA and Barbara Weltman, JD A unique audio CD and print package that helps you stay upto-date on the latest tax planning issues and earn valuable CPE credit! This bi-monthly audio and text kit is loaded with hot tax planning ideas, tips and reminders -- all designed to help you better serve your clients. Every two months, you'll receive: A comprehensive outline of the subjects discussed, including references to Standard Federal Tax Reporter and Tax Guide for further study Ready-to-reproduce client letters which communicate important tax news and tips to your clients Bulletins that alert your staff to important tax changes, so they can quickly answer client questions The Federal Tax Audio Advisor CD-ROM Quizzer worth two hours of CPE credit upon successful completion Tax overviews for quick reference on key topics Tax planning section describing opportunities, challenges and considerations Filled-in tax return forms CCH's exclusive Quick Tax Facts Card Federal Tax Audio Advisor Quizzers -- single issues of Audio Advisor Outlines and Quizzers are also available for purchase by Federal Tax Audio Advisor subscribers. Publishes: December, about 2,300 pages, loose-leaf. CPE Publishes: Bi-monthly. CPE CD-ROM Federal Tax Course Letter By Susan Flax Posner, JD, LLM Each monthly issue offers advice on critical new tax law changes and what they mean to you. Designed to help you stay on top of the changing tax scene and take prompt advantage of the new tax-saving opportunities. Includes articles such as: Federal Tax Study Manual By Edward C. Foth, PhD, CPA A great resource for staff training -- especially new hires and seasonal or part-time help. The Study Manual highlights and reinforces the key tax concepts presented in CCH's tax textbooks: Federal Taxation: Basic Principles and Federal Taxation: Comprehensive Topics. Throughout the Manual, main concepts are presented in a concise, yet thorough fashion so students can focus on and apply pertinent information. Tax treatment of non-statutory stock options when company acquired New reporting requirements reflect capital gains tax rate changes ESOP stock redemption deductible dividend Safe harbors for like-kind exchanges Chapter by-chapter summaries Easy-to-read outlines Objective questions and problems (with solutions) to help students master, apply and review the material. Publishes: May, about 400 pages. CPE Publishes: Monthly, about 16 pages per issue. To order call 1 800 248 3248 or visit CCHGroup.com/Books 3 FEDERAL TAXATION Essentials of Federal Income Taxation for Individuals and Business Linda M. Johnson, PhD, CPA An easy-to-understand forms approach to federal income taxation to help you understand the latest tax laws and improve the reporting quality of federal income tax returns. It introduces basic concepts and then fully illustrates them with clear examples and sample filled-in forms. Features include: Federal Estate and Gift Taxes: Code & Regulations (including Related Income Tax Provisions) An indispensable single-source compilation of the estate and gift tax law. It contains the full official text of the estate, gift, and generation-skipping transfer tax provisions of the Internal Revenue Code and the corresponding Final, Temporary, and Proposed Regulations. Selected Income Tax Code Sections and Regulations that relate to estate and gift taxes, and procedural Code sections and corresponding Regulations are included. Features include: Highlighted tax tips, observations and facts to help you practice compliantly Filled-in tax forms with corresponding explanations to minimize risk A summary of new tax law changes and IRS interpretations to quickly bring you up-to-date on major tax developments At-a-glance tax facts reference Numerous examples that illustrate how the tax laws apply in practice Reader-friendly format with 7-1/4" x 10" pages and large type fonts Recent statutory and regulatory developments help you stay compliant Unified transfer tax rates and income tax rates in tabular form for quick reference Simple navigation organized by Code Section and by subject FEDERAL TAXATION Publishes: December, about 600 pages. Publishes: April, about 1,600 pages. Federal Income Taxation of Debt Instruments By David C. Garlock, JD This comprehensive treatise clarifies the many complicated issues involving debt instruments. It contains clear interpretations of the basic rules governing original issue discount and inputed issues, complete coverage of the final OID regulations issued in 1994, and covers virtually every aspect of the taxation of debt instruments and many related areas. It includes: Determination of total original issue discount Current inclusion and deduction of OID Accounting for interest Sales, exchanges, recapitalizations and redemptions Cancellation of debt International issues and more! Publishes: December, about 1,400 pages, loose-leaf. 4 Federal Tax Compliance Manual This manual covers the preparation of tax returns, tax compliance and tax planning for individuals and businesses. It thoroughly discusses the rules covering everyday business and personal income tax decisions and how these issues should be handled on returns. Included are tax-saving techniques for individuals, employees, families, businesses and estates. Helpful features include: Taxes -- The Tax Magazine Taxes, written by top tax experts, will help you practice confidently and compliantly with comprehensive analysis of current tax issues, trends and legislative developments. It features in-depth coverage of hot topics in tax and alerts practitioners of planning opportunities and pitfalls, and new rules being developed in Washington, D.C. Taxes offers regular informative features, such as: Tax overviews that provide quick frames of reference for key tax topics Illustrative examples showing how specific rules apply Filled-in return forms Tax-savings ideas Annuity, depreciation and withholding tables Exclusive CCH Quick Tax Facts card The annual University of Chicago Law School Federal Tax Conference issue Tax Trends, designed to keep you up-to-date on the latest trends in the tax world Corporate Tax Watch, covering all critical developments in the corporate tax area Family Tax Planning Forum, focusing on key retirement distribution, income tax and estate planning essentials Individuals and Passthrough Entities, examining tax planning issues affecting individuals and all forms of passthrough entities International Tax Strategies, providing a diverse range of international tax planning strategies and current developments International Tax Watch, covering issues affecting U.S. taxation of international transactions Publishes: December, about 2,200 pages. CPE Publishes: Monthly, about 48 pages per issue. Also available as a Print/Internet bundle. To order call 1 800 248 3248 or visit CCHGroup.com/Books 5 FEDERAL TAXATION LEGISLATION Keeping up with constantly changing tax legislation is vital to your success. CCH makes it easy with its complete line of authoritative resources to help you understand the changes so you can respond quickly and advise your clients accurately. There are highlights for quick, concise overviews, full-text reproductions of the provisions, authoritative analyses, and on-line briefings. Titles reflecting the most recent legislation are shown here. We invite you to visit CCHGroup.com/Books for a complete listing of tax references, FEDERAL TAXATION and to go directly to our briefing site CCHGroup.com/Legislation for breaking news. 6 CCH Industry-Leading Tax Legislation Coverage Law, Explanation and Analysis of the Pension Protection Act of 2006 In addition to strengthening traditional pension plans, the new law extends and improves over 20 retirement tax-saving benefits, adds new rules governing charitable donations and imposes tighter controls on exempt organizations. This authoritative analysis offers full coverage of all provisions to help you understand, comply with, and plan under the new law. Published: August 2006, 1,200 pages. Pension Protection Act of 2006, Text of H.R. 4 and JCT Explanation Reproduces the full text of the revenue provisions of the Internal Revenue Code and the Joint Committee on Taxation's Technical Explanation of the Act, which explains the current law, the changes made and when each of these changes will go into effect. Published: August 2006, 1,300 pages. Law and Explanation of the Tax Relief and Reconciliation Acts of 2006 This title ties up the important extender and "lame duck" bills passed during the 2006 tax year into one comprehensive, easy-to-follow reference that helps practitioners access important changes that impact tax compliance and strategies. Coverage includes the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) and associated tax extenders (signed into law May 17, 2006) and the substantive Tax Relief and Health Care Act. Includes a special Highlights section that allows users to easily view the changes. Published: January, 2007, 450 pages. Tax Legislation 2006: Highlights of 2006 Tax Law Changes The perfect tool for tax practitioners, tax preparers, financial services firms, financial planners and others to inform clients of the many important new tax changes, build goodwill, and increase fee income. This concise, plain-English booklet describes the major tax changes affecting individuals and businesses in 2006 as a result of the Tax Increase Prevention and Reconciliation Act and the Pension Protection Act. It offers sound guidance on how various taxpayer groups and situations are affected. Published: September 2006, 48 pages. 3-7/8" x 8-1/4" saddle-stitched. To order call 1 800 248 3248 or visit CCHGroup.com/Books 7 FEDERAL TAXATION 1065 Express AnswersTM CCH 1065 Express Answers is the ideal quickanswer tool for busy tax practitioners who prepare partnership tax returns and the partner's Schedule K-1. Updated annually, 1065 Express Answers is a spiral-bound resource that helps practitioners prepare Form 1065 tax returns quickly, easily and accurately. It provides: 1120S Express AnswersTM CCH 1120S Express Answers is the ideal quickanswer tool for busy tax practitioners who prepare S corporation tax returns. Updated annually, 1120S Express Answers is a spiral-bound resource that helps practitioners prepare Form 1120S tax returns quickly, easily and accurately. It provides: BUSINESS/CORPORATE TAXATION Practical, plain-English guidance clearly explaining the rules and procedures Compliance oriented, line-by-line approach, so you can quickly find answers while completing the return and responding to client questions New rules and form changes highlighted to alert you to change Charts and tables summarizing important concepts, plus facts and figures to save time when you need it most Compliance-oriented, line-by-line approach, so you can quickly find answers while completing the return and responding to client questions Plain-English guidance to make the complex rules (and exceptions to the rules) easier to understand and apply New rules and form changes highlighted, so you can be confident that you're aware of new developments Charts and tables summarizing important concepts and facts and figures to save you time Publishes: December, about 400 pages. CPE Publishes: November, about 320 pages CPE 1120 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA and Barbara Weltman, JD The perfect resource for any practitioner who deals with the Corporate Income Tax Return -- Form 1120. The book is concise and provides practical guidance through Form 1120. It alerts you to planning opportunities presented by new developments and provides you with numerous tax-saving suggestions and compliance advice. Features include: 1120S Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA, and Barbara Weltman, JD The premier professional guide to preparing S corporation income tax returns. Changes affecting key areas such as exchanges or conversions of business assets, deductions, compensation and employee benefits plans, credits, adjustments and tax preference items, and distributions are highlighted and explained throughout the text. Features include: Practice Pointers that highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Filled-in forms that provide real-life guidance Illustrative examples that demonstrate important points and principles Practice Pointers that highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Filled-in forms that provide real-life guidance Illustrative examples that demonstrate important points and principles Free audio download of related tax law highlights of the year via CCH Podcast at www.cchpodcast.com Publishes: December, about 200 pages. CPE Publishes: December, about 200 pages. 8 CPE 1065 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA, and Barbara Weltman, JD The premier professional guide to preparing Partnership and LLC income tax returns. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner. Features include: Business Quick Answers Easy-to-find reporting guidance on C corps, S corps, partnerships, LLCs and tax-exempt organizations. Includes depreciation and amortization, employee benefit plans, tax credits and more! Includes: How to report income, deductions and other tax items Basic requirements for payroll tax compliance Concise explanations of key business tax law Charts and tables Tax law changes And much more! Detailed analysis of new provisions Practice Pointers that highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Free audio download of related tax law highlights of the year via CCH Podcast at www.cchpodcast.com Publishes December, about 300 pages. Publishes: December, about 175 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 9 BUSINESS/CORPORATE TAXATION Business Tax Answer Book By Terence M. Myers, JD and Dorinda D. DeScherer, JD An encyclopedia of information -- everything a business owner or advisor needs to know about tax and how to interpret and apply the tax rules. Whether a business is just starting up or has been in existence for years, whether it is a sole proprietorship, partnership, corporation or limited liability company, this reference provides answers to the key questions in simple, nononsense language. Designed to minimize research time, the Answer Book: Corporate Business Taxation Monthly Corporate Business Taxation keeps you up-to-date and provides in-depth analysis on a wide range of business tax issues -- legislation, judicial opinions and regulations as well as IRS rulings. Each issue prints first-hand reports from practicing experts working on the front lines in all areas of corporate business taxation, including: Tax accounting Taxation of compensation and benefits Corporate reorganizations Multistate taxation International taxation BUSINESS/CORPORATE TAXATION Provides quick answers to more than 800 frequentlyasked questions regarding business income and payroll tax liabilities Offers Practice Pointers and real-world examples Includes a tax calendar to help you meet deadlines Publishes: February, about 760 pages. Publishes: Monthly, about 36 pages per issue. Also available on the Internet. Consolidated Returns Guide By James C. Warner, JD, LLM, CPA Consolidated Returns is one of the most complex areas of law tax practitioners must understand to effectively serve their corporate clients. Despite the complexity of the topic, there is very little concise guidance and explanation of the federal income taxation of consolidated groups available... until now! Consolidated Returns provides the expert, practical indepth analysis you need to navigate your way through the complex consolidated returns maze. The discussion is amplified by numerous planning notes, cautions, and more than 100 examples, taken from the author's practice with Ernst & Young's Online Tax Advisor. Provides practice tools to keep you compliant, including: Executive's Tax & Management Report This authoritative report covers vita tax law changes and offers useful tax tips that can help you build wealth and protect your business capital. It is written for the executive who wants to boost company profits, save thousands on personal taxes and accumulate more tax-free wealth. Topics covered include: Implications of Tax Court and IRS memos New tax breaks Credits and deductions Strategies Most frequently used sample legal documents and practical advice Planning notes and cautions to alert you to the pitfalls Real-life examples help clarify the complexities Publishes: Monthly, about 16 pages per issue. Publishes: April, about 200 pages, hardbound. 10 Federal and State Taxation of Limited Liability Companies By David J. Cartano, JD A comprehensive how-to reference that provides clear and reliable guidance on the latest tax treatment for limited liability companies and what it means for your clients. It's allinclusive and will streamline your research with: Guide to Limited Liability Companies Practice confidently and compliantly within the framework. The Guide offers concise coverage of the formation, operation and dissolution of LLCs, and explains in clear language the benefits available within the LLC entity. It includes a synopsis of each state's LLC statute, along with a sample LLC operating agreement and a detailed topical index. Topics include: A state-by-state analysis of state tax laws and filing requirements in all 50 states and the District of Columbia, with references to the applicable tax forms and places of filing listings Guidance on preparation of the most common LLC tax forms Where the LLCs are most appropriate Administrative and procedural issues And much more! Publishes: October, about 300 pages. Publishes: December, about 900 pages. M&A Tax Report Each month, the M&A Tax Report covers new developments that have critical implications for M&A practitioners. Every issue is filled with expert analysis of recent court cases, IRS Revenue Rulings, spin-offs and other transactions, IRS regulations, proposed regulations, IRS announcements and notices, private letter rulings and more. Includes: Journal of Passthrough Entities CCH's Journal of Passthrough Entities goes beyond the discussion of a single business entity and focuses on issues affecting all forms of passthrough entities, such as partnerships, LLCs and S corporations. You'll find valuable help in: Acquisition, dispositions and structuring techniques Estate and succession planning Real estate and pass-through finance techniques State law and state taxation Discussions of key details about transactions currently in the press Creative new strategies the IRS hasn't yet addressed Insightful, practical and beneficial information Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. Publishes: Monthly, about 8 pages per issue. Also available on the Internet. To order call 1 800 248 3248 or visit CCHGroup.com/Books 11 BUSINESS/CORPORATE TAXATION Analysis of all federal tax issues applicable to LLCs with a reference to every private letter ruling, IRS Regulation and Code Section, Revenue Rulings and Cases Comparison of LLC with partnerships and S corporations Multistate Corporate Tax Guide By John C. Healy, MST, CPA and Michael S. Schadewald, PhD, CPA This exclusive insider's guide answers state corporate tax questions quickly and accurately. The Guide provides quick access to each state's statement of position on key issues in corporate and sales and use taxation with easy-to-understand charts. It lets you: Multistate Tax Guide to Pass-Through Entities By Robert Jamison, CPA, PhD; William N. Kulsrud, PhD; and Linda Ethridge Curry An authoritative, practicetested reference tool for practitioners who need accurate, timely information concerning the operation of multistate or single state S corporations, partnerships, limited liability companies and limited liability partnerships in all 50 states. Includes: Compare and contrast the positions of all 50 states on key corporate tax issues Get immediate access to valuable tax planning strategies and planning points Consult at-a-glance charts for vital information such as form requirements, filing deadlines and extension rules Get fast answers about nexus, group filing options, apportionment, foreign operation, credits, etc. BUSINESS/CORPORATE TAXATION Easy-to-use comparison charts of each state's taxing scheme Compliance requirements Filing requirements Publishes: December, about 700 pages. CPE Softbound: Publishes: December, about 2,100 pages in two volumes. Standalone CD: Publishes: January. CD and Book Bundle: Publishes: January. CPE New York State Corporation Tax Law and Regulations An authoritative source of essential information for those who work with corporation tax issues in New York. It reproduces the full text of the New York State laws concerning corporation taxes -- Chapter 60: Articles 9, 9-A, 13, 27, 32 and 33, as well as pertinent regulations promulgated by the NY Department of Taxation and Finance. Updated annually, it keeps you current and compliant with: Multistate Corporate Tax Guide -- Mid-Year Edition By John C. Healy, MST, CPA and Michael S. Schadewald, PhD, CPA This special mid-year edition focuses on new and emerging issues in state and local taxation. Recently added topics include FIN 48 on uncertain income tax positions and its state tax implications. This mid-year edition brings you completely up-to-date on the progress of the Streamlined Sales Tax and developing areas of corporate and sales and use taxation. This guide also keeps you current with: Special Highlights section to alert you to recent legislative changes Topical index, and law and regulation finding lists pinpoint information quickly Listing of amended tax law section to help you stay compliant Purchases subsequently transferred to another state Sales and use tax treatment of fuel surcharges COST Letter Guidance on the state tax appeals process Publishes: March, about 650 pages. Publishes: July, about 500 pages. 12 Practical Guide to Consolidated Returns By James C. Warner, JD, LLM, CPA Practice confidently in the complex area of consolidated returns. You'll find in-depth guidance, planning notes, cautions, and more than 100 examples that help you put the concepts into practice. This guide addresses the most commonly encountered situations and anticipates areas that need clarification with FAQs in each major section. You'll find detailed guidance on: Practical Guide to Mergers, Acquisitions and Business Sales By Joseph B. Darby III, JD This guide teaches practitioners and business stakeholders how to pare the tax costs of transactions to the absolute minimum, within the boundaries of ethical and appropriate tax reporting. The guide covers everything from the basic decisions involved in structuring the sale or purchase of a business to concise comparisons of the tax differences among the common types of business entities. Topics include: Stock Basis System Loss Disallowance System Loss and Credit Limitation Systems Earnings and Profits System Continuation of the Consolidated Group Subsidiary Joining or Leaving the Consolidated Group Rules that apply to tax-free acquisition transactions Hybrid forms of acquisition transactions Deferred and contingent payment arrangements Code Sec. 197, taxation of intangible assets Code Sec. 338, asset acquisition Publishes: April, about 500 pages. Publishes: March, about 250 pages. Practical Guide to Partnerships and LLCs Practical Guide to Cost Segregation By Paul G. Di Nardo, CPA; Shirley C. Baldwin, CPA, CFP; and Cathy A. Harris, CCA Expand your tax practice with cost segregation engagements. This insightful guide covers the critical details in performing a cost segregation study. It outlines the steps needed to practice in this discipline, how to integrate it into the firm's existing practice, and how to sell and price cost segregation studies. You'll find: By Robert Ricketts, PhD, CPA, and P. Larry Tunnell, PhD, CPA Revised by Robert Ricketts and Larry Tunnell, this guide discusses the complex issues involving partnership taxation with utmost clarity. It uses hundreds of illustrative examples, practice observations, helpful charts and insightful explanations to make even the most difficult concepts understandable. Topics include: Partnership basis adjustments Transfers to partnerships of property with built-in losses Sale of an interest in a partnership with built-in loss property Disproportionate distributions from partnerships with built-in loss property Expensing and amortization of partnership organizational expenses And much more! Legal guidance (regulations, case law and rulings) to support the treatment of an item for tax purposes Methods for determining depreciation Components of a cost segregation study: -- -- -- On-site inspection and identification of the components relevant to cost segregation Computation of in-place costs of each property item Distribution of the facility's construction costs and architectural design, engineering and other capitalized costs to its components Publishes: February, about 575 pages. Publishes: September, about 400 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 13 BUSINESS/CORPORATE TAXATION Filing Consolidated Returns Practical Guide to Research and Development Tax Incentives -- Federal, State and Foreign By Michael Rashkin, JD, LLM Research tax credit is no longer solely for the high-tech sector. Today, even traditional manufacturing industries are capitalizing on the research credit and R&D expensing to reduce their tax liabilities. This informative reference clarifies relevant legislation and describes the calculation of incentives and provides real-world planning guidance. You'll learn how to: Practical Guide to the Sec. 199 Deduction By James M. Kehl, CPA Examines the provisions of Code Sec. 199 and final resolutions that govern the new deduction on income from domestic product activities. This important deduction can provide tax benefits to companies of all sizes, across a variety of industries that derive income from qualified production activities performed in the U.S. You'll find guidance on who qualifies, how to qualify, how to calculate deductions and pitfalls to avoid. Additionally, the guide: Satisfy the IRS's requirements Document the credit Defend against IRS challenges Take advantage of research incentives by individual states and by major economies of the world BUSINESS/CORPORATE TAXATION Shows what you can really do with the new deduction and what you need to do to maximize tax savings for clients Distills the new complex rules to understandable, straightforward guidance to save you hours of research time Provides real-world examples that show how to apply the new rules Helps you generate engagement fees advising clients on capitalizing on the new deduction Publishes: July, about 400 pages. Practical Guide to S Corporations By Michael Schlesinger, JD, LLM S corporations are the most popular business entity type, and this updated resource helps practitioners understand and manage individual S corps election, compliance, tax, planning and life-cycle needs. It explains the merits and limitations of S corps in relation to other entity choices and provides clear and practical guidance. Readers will appreciate the author's real-world insights and crystal-clear analysis of even the most complex subjects. You'll find: Publishes: February, about 400 pages. CPE S Corporation Taxation Guide By Robert W. Jamison, CPA, PhD The S Corporation Taxation Guide focuses on the rules of Subchapter S of the Internal Revenue Code and integrates these rules with other portions of the tax law that can have substantial impact on S corporations and their shareholders. At the end of each chapter are pertinent checklists, worksheets and sample election letters to help apply the concepts to actual work. Includes: Guidance on the effect of changes brought about by recent tax laws Straightforward explanations and quick answers to help you practice confidently Examples and helpful pointers to help you stay compliant References to seminal cases, code sections, regulations, and rulings to streamline your research Latest regulations affecting S corporations Recent cases and rulings Creative new techniques for separating ownership from control of S corporations using trusts and disregarded entities, along with hazards Transactions unique to S corporations And much more! Publishes: November, about 550 pages. CPE Publishes: December, about 1,100 pages. CPE 14 Tax Accounting in Mergers and Acquisitions By Glenn R. Carrington In-depth, practical coverage of today's key tax accounting issues in corporate acquisitions, dispositions, reorganizations and restructurings. This treatise addresses the risks that taxpayers should take into account in structuring transactions. Topics include: U.S. MasterTM Depreciation Guide A one-stop resource for understanding and applying complex depreciation rules. The Guide thoroughly explains the three depreciation systems used today: MACRS, ACRS and ADR. Covers all the new depreciation rules and regulations, including recent tax act changes, issues and opportunities. Topics include: Classification of property Alternative minimum tax Acquisitions, dispositions and retirement of property Corporate earnings and profits Depreciation planning and much more! Taxable and tax-free acquisitions Basic concepts in deductibility and capitalization Accounting for restructuring transactions Treatment of contingent liabilities Debt modification And much more! Publishes: December, about 1,000 pages. CPE U.S. MasterTM Excise Tax Guide This comprehensive guide provides in-depth explanation of all federal excise taxes. It reflects changes brought about by current legislation and includes excise tax rate tables, a glossary of excise tax terms, a list of pertinent excise tax forms by subject, an Internal Revenue Code section finding list, and handy checklists of taxed and non-taxed items. It provides concise explanations of the full range of excise tax areas, including: Publishes: November, about 650 pages. Tax Planning for Troubled Corporations By Gordon D. Henderson, JD and Stuart J. Goldring, JD This classic treatise examines the full gamut of tax aspects, consequences and considerations of bankruptcy and nonbankruptcy restructuring of financially troubled businesses -- from the corporation's initial tax payment and reporting obligations through the claims resolution process, to the payment and discharge of tax claims pursuant to a confirmed Chapter 11 plan. It includes relevant legislation, important IRS rulings and regulations, and new case law. Topics include: Alcohol Tobacco Luxury automobiles Gasoline and diesel fuels Tires Vaccines Air travel Wagering and gaming Returns, payment, refunds and penalties And much more! Publishes: December, about 300 pages. U.S. MasterTM Multistate Corporate Tax Guide The best value around! Trust the U.S. Master Multistate Corporate Tax Guide to give you the right answers fast and help you make accurate state-to-state comparisons. This indispensable handbook explains the rules and guidelines relevant to filing corporate income tax returns in all states (plus New York City and the District of Columbia) that impose a corporate income tax, franchise or other type of income-related tax. Find state-by-state discussions on: Developing a strategy for a failing company Bankruptcy versus nonbankruptcy restructuring Deductions and accrual of interest Debt modification State and local tax aspects of bankruptcy Tax rates Consolidated returns Tax credits Nexus Allocation and apportionment Tax computations Return filing requirements And much more! Publishes: December, about 900 pages. Publishes: September, about 1,600 pages. CPE 15 To order call 1 800 248 3248 or visit CCHGroup.com/Books BUSINESS/CORPORATE TAXATION Federal Taxation Practice and Procedure By Robert E. Meldman, JD, LLM and Richard J. Sideman, JD, LLM A clear explanation of the organization, structure and processes involved in IRS practice. A favorite in practice and procedure classes because of its clear descriptions and logical presentation, it is a top reference for practitioners as well. It covers both the basics and the complexities and the details with plenty of real-life illustrations and examples. The latest IRS developments are explained and reproductions of official letters, forms and notices used by the IRS are included. Coverage includes: Journal of Tax Practice and Procedure Devoted entirely to the complex, evolving area of tax practice and procedure, this journal offers practical, timely analysis of current issues and trends in the representation of taxpayers before the IRS, from initial contact through litigation. The Journal emphasizes taxpayer advocacy and the protection of taxpayer and representative rights. Features include sections on: TAX CONTROVERSY PRACTICE AND PROCEDURE Examination: taking a close look at trends, issues and changes Collection: collection compliance, enforcement, appeals, penalties and bankruptcy-related issues IRS watch: changes in IRS restructuring, reorganization and technology Practice: ethics and standards of practice, and case management IRS structure Ethics Penalties and the statute of limitations IRS procedures Division roles Criminal Investigation Division Publishes: January, about 1,000 pages. Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. IRS Tax Collection Procedures By Robert S. Schriebman, JD, LLM Guidance through the maze of regulatory procedure to successful representation. Completely updated, IRS Tax Collection Procedures reflects the sweeping changes made by implementation of many IRS restructuring efforts along with pivotal changes to innocent spouse protections, offer-in-compromise, and many other IRS initiatives and programs. The book synthesizes the discussions of changes in collection procedures created by major legislation over the past decade. Practice Pointers throughout provide unique insights. Features include: Practical Guide to Federal Tax Practice Standards By Arthur J. (Kip) Dellinger, Jr. The definitive Circular 230 guide for busy practitioners! It delves into the rules relating to income tax preparation, tax controversy representation and tax planning advice as it offers an integrated analysis that is peppered with comments based on his practice. It clarifies the rules and practice standards of the Internal Revenue Code, Income Tax Regulations, the ABA Tax section and AICPA. Practice tools include: Large size 8-1/2" x 11" format improves the readability of the IRS materials and practice aids Totally revised, reorganized and rewritten to reflect current IRS programs and structure Current forms and hard-to-get IRS materials that help practitioners practice confidently Broad coverage -- appeal rights and procedures are covered in detail IRS forms and instructions A sample engagement letter AICPA Statements on Tax Service PCAOB rules relating to tax services performed by auditors of public companies Charts, practice checklists and more Publishes: December, about 350 pages. Published: December 2002, 880 pages, loose-leaf format. Updated semi-annually. 16 Practical Guide to Resolving Your Clients' Tax Liabilities: Tax Code and Bankruptcy Code Remedies By Kenneth C. Weil, JD, LLM, CPA Relatively few practitioners understand both bankruptcy and taxes -- and yet some of the most creative and effective solutions for resolving tax problems can often be on the bankruptcy side. This guide describes and clarifies the complex legal framework in which practitioners must labor to resolve tax liability issues for their clients and provides practical tools -- cautions, planning notes, examples -- that guide the practitioner toward the best remedy for a client's specific situation. Topics include: Understanding IRS Communications Thorough and effective tax research, planning, advice, and return preparation is predicated on a solid and current understanding of essential forms of communications used by the IRS. Understanding IRS Communications is a concise guide to key IRS documents and their application to tax compliance and controversy resolution. This guide discusses the legal effect of IRS documents in light of the numerous changes implemented in response to the IRS restructuring and reform. Topics include: Legislative, executive and judicial impact Disclosure of information Official IRS positions Electronic disclosure Advance rulings and determinations And more! Statute of limitations Installment agreements Offers in compromise Innocent spouse rules Federal tax liens Interest and penalties Trust fund tax liability And more! Published: November 2004, 144 pages. Published: May 2002, 240 pages, hardbound. Tax Shelter Alert This monthly insight newsletter covers the ins and outs of what is happening with tax shelters and innovative tax planning structures, transactions and strategies. Here you'll find the good, the bad and the ugly (and dangerous) when it comes to tax sheltering ideas: U.S. MasterTM State Tax Practice and Procedure Guide Contains succinct, easy-toread multistate overviews, plain-English explanations and quick-glance charts detailing practice and procedure rules for all 50 states and the District of Columbia. Charts provide a 51-jurisdiction overview of tax payments (electronic, credit card and installment), penalties and interest (rates on underpayment and overpayment), taxpayer rights and responsibilities, audits, statutes of limitations and whole dollar reporting. Coverage includes: Legal and Regulatory News: IRS, Congressional and Treasury activity that affects tax planning Trends: Forecasts for the IRS radar screen and taxpayer challengers What Can (and Should) Be Done: Discover practical ways to safely save your company's or client's money Meeting New Standards: IRS, PCAOB and SEC moves to make financial reporting and tax planning transparent Return filing and payment of tax Collection of tax Interest and penalties Audit issues Record maintenance Publishes: Monthly, about 12 pages. Also available as a Print/Internet bundle. Publishes: October, about 2,300 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 17 TAX CONTROVERSY PRACTICE AND PROCEDURE Overview of the federal tax system 1040 Express AnswersTM 1040 Express Answers is a spiral bound quickreference guide that will help you and your staff prepare 1040 tax returns quickly, easily and accurately -- with practical, plain-English guidance that makes complex rules and exceptions easy to understand. You'll benefit from: 1041 Express AnswersTM 1041 Express Answers is the ideal quickanswer tool for busy tax practitioners who prepare fiduciary income tax returns. Updated annually, 1041 Express Answers is a spiral-bound resource that helps practitioners prepare Form 1041 tax returns quickly, easily and accurately. It, like the other Express Answers quick prep tax forms, effectively guides you through the tax form preparation with: INDIVIDUALS' TAXATION AND TAX PLANNING Form-oriented organization presented the way you work -- line-by-line, right down the return New rules and form changes highlighted, so you can ensure your clients take advantage of new law changes to maximize tax-saving opportunities and avoid pitfalls Two-color format, making it fast and easy to find the information you need Charts and tables summarizing important concepts, facts and figures to save time when you need it most References to U.S. Master Tax Guide paragraphs, where you can find additional information on each topic Forms-oriented organization Highlights of new rules and form changes affecting 1041 forms Summary charts and tables References to U.S. Master Tax Guide paragraphs Publishes: December, about 300 pages. CPE Publishes: December, about 500 pages. CPE 18 1040 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA, and Barbara Weltman, JD Ideal for firms and individuals who need basic training in individual income tax preparation. Integrates and presents the complex new rules brought about by recent legislation in a logical and easy-to-understand manner. Includes: 706/709 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD Precise explanations of all the essentials of estate and gift tax return preparation by noted tax experts Kess and Weltman. Legislative and regulatory changes, recent IRS rulings and recent court decisions affecting the returns are all reflected and highlighted. This comprehensive guide covers everything you need to know, such as: special-use valuation, reporting stocks and bonds, retirement plan benefits and IRAs, transfers and much more. It's perfect for staff training or as a personal refresher. Easy-tofollow presentation helps you practice confidently and compliantly with: Practice Pointers that note special planning opportunities throughout the text Review questions and answers for each chapter Highlights sections at the beginning of each chapter pinpoint relevant new changes and developments Illustrative examples Line-by-line guidance Straightforward, easy-to-understand language Sample filled-in forms and schedules Real-world examples Full audio download of selected tax law highlights of the year via CCH Podcast at www.cchpodcast.com Publishes: December, about 600 pages. CPE Publishes: July, about 250 pages. CPE 1041 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD Presents a fundamental review of the rules for federal income taxation of trust and estates and clear guidance on properly preparing Form 1041. Provides precise explanation on all the essentials of fiduciary tax return preparation. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in a logical manner. Includes: Line-by-line guidance through the return Easy-to-read, large type format Filled-in forms and schedules that illustrate real-life scenarios Publishes: November, about 250 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 19 INDIVIDUALS' TAXATION AND TAX PLANNING Car, Travel & Entertainment, and Home Office Deductions Understand how to maximize deductions for these common business expenses. In addition to detailed, clear explanations and practical examples of how the tax law is applied, this publication supplies the user with the following helpful and necessary information: Essentials of Federal Income Taxation for Individuals and Business By Linda M. Johnson, PhD, CPA An easy-reading forms approach to federal income taxation to help you easily understand the latest tax laws and improve the reporting qualify of federal income tax returns. It introduces basic concepts and then fully illustrates them with clear examples and sample filled-in forms. Features include: Depreciation tables for electric and conventionally powered cars Annual Lease Values Table Filled-in Form 2106 illustrating employee business deductions Filled-in Form 8829 illustrating the deduction for home office expenses Worksheet for determining the maximum home office deduction Worksheets for determining the correct taxable gain when a home, used partially as an office, is sold INDIVIDUALS' TAXATION AND TAX PLANNING Highlighted tax tips, observations and facts to help you practice compliantly Filled-in tax forms with corresponding explanations to minimize risk A summary of new tax law changes and IRS interpretations to quickly bring you up-to-date on major tax developments At-a-glance tax fact reference Numerous examples that illustrate how the tax laws apply in practice Publishes: September, about 200 pages. CPE Publishes: December, about 600 pages. 20 Individuals and Small Businesses: Tax Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD A readable, yet comprehensive guide to the tax, financial and estate planning issues faced by practitioners who advise individuals, their families and their small business enterprises. Reflects important tax developments from tax acts, new regulations, rulings, cases, and other recent developments. Includes: Practical Guide to Resolving Your Clients' Tax Liabilities: Tax Code and Bankruptcy Code Remedies By Kenneth C. Weil, JD, LLM, CPA Relatively few practitioners understand both bankruptcy and taxes -- and yet some of the most creative and effective solutions for resolving tax problems can often be on the bankruptcy side. This guide describes and clarifies the complex legal framework in which practitioners must labor to resolve tax liability issues for their clients and provides practical tools -- cautions, planning notes, examples --that guide the practitioner toward the best remedy for a client's specific situation. Topics include: Free companion CD with more than 50 practice tools Worksheets, client questionnaires, checklists, and sample forms help you stay in compliance Tips, practice pointers and illustrations Client letters to help you communicate tips and strategies and build fee-generating appointments Citations to authority Statute of limitations Installment agreements Offers in compromise Innocent spouse rules Federal tax liens Interest and penalties Trust fund tax liability And more! Publishes: February, about 600 pages. CD-ROM Published: May 2002, 240 pages, hardbound. Tax Planning Strategies: Tax Savings Opportunities for Individuals and Families This helpful resource features a wealth of planning strategies that can yield substantial tax savings for individuals and families. It focuses on the income tax issues that need to be addressed throughout the year as well as retirement and estate planning strategies. The effects of new tax legislation and regulatory changes are reflected throughout. Main topics include: Importance of Tax Planning Income Subject to Tax Making Deductions Count Investment Decisions Retirement Planning Considerations Minimizing Estate and Gift Taxes Family Tax Planning Strategies Estimated Tax Publishes: August, about 150 pages. CCH SATISFACTION GUARANTEE If for any reason you are not completely satisfied with your purchase, simply return it within 30 days and we'll refund the full amount. Guarantee good on order quantities less than 50 only. For subscription products, simply return your invoice marked "cancel" within 30 days to receive a full refund. To order call 1 800 248 3248 or visit CCHGroup.com/Books 21 INDIVIDUALS' TAXATION AND TAX PLANNING CPA Government & Nonprofit Report By Rhett Harrell, CPA This monthly newsletter is devoted exclusively to governmental and nonprofit accounting and auditing. It contains late-breaking news affecting recipients of government funds and those who audit them, as well as coverage of recently released authoritative literature. Here are some sample headlines: Multistate Guide to Regulation and Taxation of Nonprofits By Steven D. Simpson, JD, LLM Your best choice for multistate guidance! This comprehensive guide is a practical resource to help CPAs and those involved in nonprofit entities in carrying out their responsibilities when they solicit funds or conduct business in more than one state. All the information is summed up with comprehensive state-by-state overviews, and comparative "smart charts" to speed your research. Coverage includes: AICPA Issues on Single Audit Quality Concerns Functional Reporting for Nonprofit Entities Agreed-Upon Procedure Engagement Understanding Special Purchase Governments EXEMPT/NON-PROFIT ORGANIZATIONS Publishes: Monthly, about 8 pages per issue. State regulations on solicitation and fundraising Taxation, including exemptions, unrelated business taxable income and intermediate sanctions Income tax compliance and return requirements Standardized registration forms, checklists and links to state information sources Federal Exempt Organization Taxation: Code and Regulations Including Related Income Tax Provisions CCH's Federal Exempt Organization Taxation: Code and Regulations reproduces, in code section order, the full text of Internal Revenue Code provisions that pertain to taxexempt organizations. Also included are the significant final, temporary, and proposed regulations associated with these code sections. Easy to navigate: Publishes: November, about 500 pages. Portable one-volume alternative to the unabridged multi-volume IRC and Regs Reader friendly format Expanded 7-1/4" x 10" pages and larger type fonts Publishes: October, about 1,408 pages. 22 Not-for-Profit Reporting By Howard Becker, CPA and Richard J. Terrano, CPA A one-stop guide to not-forprofit accounting and reporting issues. This guide clarifies accounting standards and federal tax laws applicable to not-forprofit organizations and guides you through the preparation of statements of activities, cash flows, disclosures and reporting revenue. It offers solid analysis and explanations, along with real-world examples and cautionary advice. Peer reviewed. It includes: Not-for-Profit Organization Audits with Single Audits By Warren Ruppel, CPA This invaluable resource combines everything an auditor needs to perform audits of financial statements for nonprofits, audits in accordance with Government Auditing Standards, and single audits in accordance with Office of Management and Budget (OMB) Circular A-133 in one comprehensive, easy-to-use guide. All-inclusive analysis of the relevant technical literature is combined with user-friendly advice. To help you prepare audits in record time, this resource includes: The laws, regulations and standards that apply to not-for-profit organizations that receive financial assistance from the federal government When and how to prepare consolidated financial statements for related organizations How to report promises to give, pledges, collections and pooled investments How to report revenues from fund-raising galas and special events A free companion CD with workpapers, reports, correspondence, and a comprehensive disclosure checklist Audit cost-savings tips to help you apply new audit approaches Cross-references to original pronouncements Appendix with Form 990: Return of Organization Exempt from Income Tax (and Schedules) This book has been peer reviewed Publishes: November, about 550 pages. CPE Publishes: June, about 1,200 pages. CPE CD-ROM Tax Compliance for Tax-Exempt Organizations By Steven D. Simpson, JD, LLM Detailed analysis of the federal tax laws affecting tax-exempt organizations and the treatment of donors to such organizations. It offers unique insight into four key areas to speed your research, help you practice confidently and stay in compliance: Tax laws and rules that govern compliance Reporting requirements, including exemption application procedures, sample CRATs, CRUTs, and forms Compliance steps, choices and mechanisms, including annual returns and disclosure requirements Accounting, including financial planning, budgeting and reporting Publishes: April, about 740 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 23 EXEMPT/NON-PROFIT ORGANIZATIONS Retirement Benefits Tax Guide By Thomas F. Rutherford, JD and Revision Editor: Theodore Simons, Jr., JD, CEBS The Retirement Benefits Tax Guide is an answer-oriented practical guide that focuses on distributions and how they are taxed in the hands of participants and beneficiaries. It provides detailed coverage of distributions from qualified retirement plans (employersponsored plans meeting the requirements of Code Sec. 401(a), and distributions from IRAs, SEPs, SIMPLE retirement plans, Roth IRAs, TSAs, and nonqualified plans of both the funded and unfunded varieties. Coverage includes: Annuities, lump-sum distributions, rollovers, in-service distributions, noncash distributions, loans, life-insurance protection, disability benefits, death benefits, and miscellaneous post-retirement distributions Federal taxation of social security and railroad retirement benefits Disposition of benefits in divorce or separation Taxation of foreign participants in domestic plans and domestic participants in foreign plans Minimum distribution And much more! COMPENSATION AND BENEFITS TAXATION Published: July 2006, with semi-annual updates, about 900 pages, loose-leaf. Taxation of Compensation and Benefits By David J. Cartano, JD, LLM Provides thorough explanations and comprehensive coverage of the current tax treatment of more than 35 different compensation and benefit areas, including deferred compensation, fringe benefits, ERISA/qualified employer plans, entertainment expenses, accident and health plans, stock options plans, IRAs, bonuses, annuities and more. Includes: Benefit computations for Social Security and Medicare, showing the best combination of qualified and non-qualified plans Tax calculations based on real-case examples Citations to Internal Revenue Code, Treasury Regulations and case law Quick reference charts and tables to simplify administration and ensure compliance Publishes: April, about 980 pages. 24 Taxation of Individual Retirement Accounts By David J. Cartano, JD, LLM A comprehensive analysis of all the tax laws related to the operation and administration of all 15 types of IRAs, including the Roth IRA, the education IRA, the SIMPLE IRA and the deemed IRA. The guide also addresses the tax rules applicable to the different types of beneficiaries receiving IRA distributions, including foreign, charitable, trust, spouse and non-spouse beneficiaries. Recent updates include: The effects of the Pension Protection Act, the American Jobs Creation Act, the Working Families Tax Relief Act, and Bankruptcy Abuse Prevention and the Tax Increase Prevention and Reconciliation Act New laws regarding the effect of rollover distributions on unemployment compensation Final IRS rules on Roth contributions to a section 401(k) plan New rules applicable to inherited IRAs Publishes: March, about 1,100 pages. U.S. MasterTM Compensation Tax Guide By Dennis R. Lassila, PhD, CPA and Bob G. Kilpatrick, PhD, CPA Written in an easy-to-follow style that emphasizes the fundamental tax consequences and related practical considerations of each of the more common forms of compensation, this guide is ideal for any professional who needs a solid, working understanding of current federal rules and regulations related to compensation in their practice and everyday work. Topics include: Current compensation Employee fringe benefits/plans Multi-employee qualified deferred compensation plans Requirements for qualified plans Rules for Keogh, top-heavy and 401(k) plans IRAs, SEPs, SIMPLE IRAs and Roth IRAs Employee Stock Ownership Plans (ESOPs) And much more! Publishes: March, about 1,000 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 25 COMPENSATION AND BENEFITS TAXATION California Property Tax By James S. Bone, CPA, MBA A concise guide to the complex web of California property taxes, the agencies that administer them, and the legal concepts and processes that support them. It examines how types of property are defined and the legal concepts involved in ownership, including property rights and related concepts. Helpful tables, charts and lists give you the answers you need on: U.S. MasterTM Property Tax Guide This handy desktop reference contains concise explanations on major property tax areas for all states in an easy-to-use format. It provides an overview of the property tax and valuation assessment methods used by the different taxing jurisdictions, along with the key definitions, concepts and procedures necessary to understand the application of local property taxes. Topics include: Exemptions Appraisal value Leased property New construction Commercial use of public facilities Assessment appeals, billings and collections And much more! How property taxes are determined, including the classification, valuation, equalization, assessment and levy of tax and due dates Exemptions and exclusions Currently available credits and property tax abatements Multistate comparison charts and much more! PROPERTY TAX Publishes: September, about 370 pages. Publishes: March, about 700 pages. CPE Property Tax Alert Property Tax Alert provides proven tips and strategies for reducing property tax bills and staying on top of the latest trends in valuation on assessment. Timely articles and practical reporting cover return requirements, payment dates, appeals and refund methods, state contracts and statute of limitations, and nationwide updates on new laws, regulations and cases. Practice effectively with: Tips and tactics to help you stay in compliance The latest trends and new developments Nexus Strategies for reducing property taxes Guidance on dealing with auditors Publishes: Monthly, about 16 pages. Also available as a Print/Internet bundle. 26 Practical Guide to Like-Kind Exchanges Under Code Section 1031 By Nancy N. Grekin, JD This resource analyzes the essential legal means available to swap one asset for another while holding a continuing investment of the same sort in a tax-advantaged way. It addresses the various types of exchanges, how to structure exchanges, the mechanics of handling exchanges, and the myriad of details resulting from related cases, IRS Rulings and Private Letter Rulings. Topics include: The Starker case and the evolution of deferred exchanges Tax incidents of an exchange: exchange value, basis and recapture of depreciation Types of exchanges: multiple property, entities, related-party, personal property, reverse exchanges Reporting Code Section 1031 exchanges Comprehensive practice tools Published: June 2003, 300 pages. Practical Guide to Real Estate Taxation By David F. Windish, JD, LLM A must have reference for all tax, real estate and investment professionals who need to know the tax ramifications and nuances of real estate investment. Recent regulations, tax rates and rulings are reflected throughout, along with other developments impacting the taxation of real estate. It analyzes the tax basis of real estate along with a discussion of the various forms of ownership. Topics include: Mortgages, at-risk rules, interest and other financial issues Rental/leasing arrangements Operating expenses and taxes Additions and improvements Depreciation And more! Publishes: September, about 700 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 27 REAL ESTATE TAXATION Federal Income Taxation of Debt Instruments By David C. Garlock, JD This is the definitive reference for the many complicated issues involving debt instruments. This comprehensive treatise contains clear interpretations of the basic rules governing original issue discount and imputed interest and detailed coverage of many specialized topics. In addition to complete coverage of the final OID regulations issued in 1994, the book covers virtually every aspect of the taxation of debt instruments and many related areas. Includes: FINANCIAL PRODUCTS: TAXATION AND ACCOUNTING Determination of total original issue discount Current inclusion and deduction of OID Accounting for interest Sales, exchanges, recapitalizations and redemptions Cancellation of debt International issues and more! Publishes: December, about 1,400 pages, loose-leaf. Financial Instruments: A Comprehensive Guide to Accounting and Reporting By Rosemarie Sangiuolo and Leslie F. Seidman, CPA This guide pulls together all the existing accounting literature on financial instruments into one volume, organizes it logically and describes the requirements as simply as possible. It provides specific guidance on financial assets, liabilities, derivatives, equity instruments and fair value disclosures. All the answers you need for public and private companies are in this comprehensive volume: When and how to recognize an instrument in a balance sheet How to measure the instrument in subsequent periods When and how to recognize impairment What disclosures should be provided in the footnotes Plain-English practice pointers, observations and examples Publishes: November, about 1,000 pages. CPE 28 Journal of Taxation of Financial Products The first journal devoted exclusively to the analysis of the tax ramifications of financial products. It covers a wide range of tax topics, along with discussions on cutting-edge strategies and industry-specific insights into regulatory developments, state and local tax, and international tax issues. It includes in-depth articles, head's up notice of taxation policies, trends and helpful planning tips. Topics include: Financial Products: Taxation, Regulation and Design By Andrea S. Kramer, JD A three-volume set that provides a roadmap through the tax and regulatory maze for financial products. It details the policies, rules and interpretations that govern the federal regulation and taxation of securities, derivatives, commodities, options and hybrid products. Reflects the American Jobs Creation Act and Bankruptcy Abuse Prevention and Consumer Protection Act. Topics include: High net worth individuals Regulatory perspective Capital markets New developments, taxation and products Publishes: Quarterly, about 48 pages per issue. Also available as a Print/Internet bundle. Market overview Taxation of market participants, capital transactions and ordinary income transactions Profit motive, sham, business purpose and other antiabuse consideration Taxation of dividend income, interest income, security loans and repurchase transactions Publishes: December, 3 volumes, about 3,500 pages, loose-leaf. To order call 1 800 248 3248 or visit CCHGroup.com/Books 29 FINANCIAL PRODUCTS: TAXATION AND ACCOUNTING Construction Guide: Accounting and Auditing By Eric P. Wallace, CPA Comprehensive guidance on accounting, auditing and reporting specific to the construction industry. It offers guidance for special situations related to utility contractors, road builders, home construction, commercial construction and more. Work programs, practice aids, checklists and sample reports are included on a free companion CD. Topics include: Construction Guide: Tax and Advisory Services By Eric P. Wallace, CPA This resource provides guidance on tax considerations and engagements for a wide range of situations, including those special to utility contractors, road builders, home construction, commercial construction, residential construction, land developers, and more! It includes a free companion CD with electronic practice aids, checklists and forms. Topics include: SPECIAL INDUSTRIES: TAXATION AND ACCOUNTING Accounting for contractors -- GAAP issues Internal controls Financial statement presentation Auditing construction contractors, home builders and real estate developers Joint Ventures: FIN-45 and FIN-46(R) Issues Overview of Tax Rules and Methods Contractor Costing Rules Interest Capitalization Rules Accrual Methods Alternative Minimum Tax Accumulated Earnings Tax and Reasonable Compensation Income Attributable to Domestic Production Activities Mid-Contract Change of Contractor: Tax Issues Publishes: July, about 1,100 pages. CPE CD-ROM Publishes: July, about 1,100 pages CPE CD-ROM Construction Guide Combo By Eric P. Wallace, CPA Includes both Construction Guides: Tax and Adivsory Services and Accounting and Auditing at substantial savings off individual list prices. Together, these volumes provide CPAs with a solid foundation, comprehensive in scope, to address the tax and accounting issues unique to the construction industry. Both volumes contain a free companion CD with electronic work programs, practice aids, checklists and sample reports. Publishes: July, about 2,200 pages. CPE CD-ROM 30 Multistate Guide to Sales and Use Tax: Construction By Daniel M. Davis, MBA (Taxation), CPA, CFE, FCPA Comprehensive guidance for dealing with the difficult sales and use tax issues inherent in the construction industry, particularly for contractors and construction workers operating in several states. It addresses the problems of complying with different bodies of law, administering a hodge-podge of state and local tax rates, and dealing with a variety of tax agency audit programs, the complicated contract process and recordkeeping. Highlights include: Multistate Guide to Sales and Use Tax: Manufacturing By Diane L. Yetter, CPA The taxability of purchases by manufacturing companies raises many questions for tax consultants. Virtually all states provide a full exemption, a reduced rate or rebate for sales tax paid on some manufacturing-related machinery or supplies. This guide helps streamline your research and helps you take advantage of the exemptions unique to the manufacturing industry. The Guide: Provides a solid background on key sales and use tax concepts and compliance Includes a state-by-state textual summary of the rules with comparison charts throughout Includes compliance, audit defense procedures and the audit defense administrative protest process. Saves time -- includes a State Department of Revenue Internet directory Individual state exceptions to sales and use tax and an expanded state-by-state discussion of exemption certificates Taxability of certain services common to the construction industry Taxability of materials bought or manufactured for out-of-state use Sales and use tax audit procedures and defenses And much more! Publishes: December, about 600 pages. CD-ROM Publishes: November, about 560 pages. Oil and Gas: Federal Income Taxation Patrick A. Hennessee, PhD, CPA and Sean P. Hennessee, JD, MS Taxation, MBA, Revision Editors The taxation of natural resources is one of the more complicated areas of the federal income tax system. Oil and Gas explores all the important tax law and planning considerations from the acquisition of mineral rights, to the exploration and development of property, to the ultimate production of the mineral. It includes references to corresponding Internal Revenue code and regulation sections, IRS rulings and court decisions, and in-depth analysis and strategies for: Lease and purchase arrangements Royalties Working or operating mineral interests Production payments Net profits arrangements Geological and geophysical expenses Intangible drilling and development costs Depletion And much more! Publishes: December, about 740 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 31 SPECIAL INDUSTRIES: TAXATION AND ACCOUNTING Practical Guide to the Sec. 199 Deduction By James M. Kehl, CPA Examines the provisions of Code Sec. 199 and final resolutions that govern the new deduction on income from domestic product activities. This important deduction can provide tax benefits to companies of all sizes, across a variety of industries that derive income from qualified production activities performed in the U.S. You'll find guidance on who qualifies, how to qualify, how to calculate deductions and pitfalls to avoid. Additionally, the guide: Taxation of the Entertainment Industry By Schuyler M. Moore, JD This insightful treatise helps practitioners understand unique issues, interpret rules and regulations correctly, make business decisions that lower taxes, and ensure compliance with the law with an eight-point master plan for managing entertainment tax issues: SPECIAL INDUSTRIES: TAXATION AND ACCOUNTING Know how the law characterizes ownership rights and interests Choose a business form with tax advantages When to report and recognize income Utilize deductions, depreciation and tax credit Avoid liability for failure to withhold wages Finance film production and distribution creatively Foreign production or distribution Taxation of talent Shows what you can really do with the new deduction and what you need to do to maximize tax savings for clients Distills the new complex rules to understandable, straightforward guidance to save you hours of research time Provides real-world examples that show how to apply the new rules Helps you generate engagement fees advising clients on capitalizing on the new deduction Publishes: November, about 400 pages. Publishes: February, about 400 pages. CPE U.S. MasterTM Bank Tax Guide By Ronald W. Blasi, JD, LLM This handy reference is an authoritative guide for professionals charged with tax compliance for a bank or thrift. It covers all the tax rules for financial institutions, and identifies unique, strategic opportunities. Tables, charts, lists and examples are used throughout to help clarify the rules and principles, and detailed footnotes help further your research. The guide covers: Entities subject to bank tax rules Accounting for interest, fee and other income Discount, points and premium Securities dealers and investors Nonperforming loans Foreclosures Business expenses And much more Publishes: November, about 950 pages. 32 706/709 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD Precise explanations of all the essentials of estate and gift tax return preparation by noted tax experts Kess and Weltman. Legislative and regulatory changes, recent IRS rulings and recent court decisions affecting the returns are all reflected and highlighted. This comprehensive guide covers everything you need to know, such as: special-use valuation, reporting stocks and bonds, retirement plan benefits and IRAs, transfers and much more. It's perfect for staff training or as a personal refresher. Easy-tofollow presentation helps you practice confidently and compliantly with: 1041 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD Presents a fundamental review of the rules for federal income taxation of trust and estates and clear guidance on properly preparing Form 1041. Provides precise explanation on all the essentials of fiduciary tax return preparation. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in a logical manner. Includes: Line-by-line guidance through the return Easy-to-read, large type format Filled-in forms and schedules that illustrate real-life scenarios Line-by-line guidance Straightforward, easy-to-understand language Sample filled-in forms and schedules Real-world examples Publishes: November, about 250 pages. CPE Publishes: July, about 250 pages. CPE 1065 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD The premier professional guide to preparing Partnership and LLC income tax returns. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner. Features include: 1040 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA, and Barbara Weltman, JD Ideal for firms and individuals who need basic training in individual income tax preparation. Integrates and presents the complex new rules brought about by recent legislation in a logical and easy-to-understand matter. Includes: Detailed analysis of new provisions Practice Pointers highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Free audio download of related tax law highlights of the year via CCH Podcast at www.cchpodcast.com Practice Pointers that note special planning opportunities throughout the text Review Questions and Answers for each chapter Highlights sections at the beginning of each chapter pinpoint relevant new changes and developments Illustrative examples Free audio download of related tax law highlights of the year via CCH Podcast at www.cchpodcast.com Publishes: December, about 175 pages. CPE Publishes: December, about 600 pages. CPE 33 To order call 1 800 248 3248 or visit CCHGroup.com/Books TAX RETURN PREPARATION/FORMS 1120 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD The perfect resource for any practitioner who deals with the Corporate Income Tax Return -- Form 1120. The book is concise and provides practical guidance through Form 1120. It alerts you to planning opportunities presented by new developments and provides you with numerous tax-saving suggestions and compliance advice. Features include: 1120S Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD The premier professional guide to preparing S corporation income tax returns. Changes affecting key areas such as exchanges or conversions of business assets, deductions, compensation and employee benefits plans, credits, adjustments and tax preference items, and distributions are highlighted and explained throughout the text. Features include: TAX RETURN PREPARATION/FORMS Practice Pointers highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Filled-in forms provide real-life guidance Illustrative examples demonstrate important points and principles Practice Pointers highlight special opportunities Critical preparer pitfalls to avoid Review questions and answers in each chapter Filled-in forms provide real-life guidance Illustrative examples demonstrate important points and principles Free audio download of related tax law highlights of the year via CCH Podcast at www.cchpodcast.com Publishes: December, about 200 pages. CPE All States Quick Answers Concise "how to" reference information on state individual tax laws for residents, nonresidents and part-time residents on income, deductions, exemptions, tax computation, credits and more. Includes: Publishes: December, about 200 pages. CPE Business Quick Answers Easy-to-find reporting guidance on C corps, S corps, partnerships, LLCs and tax-exempt organizations. Includes depreciation and amortization, employee benefit plans, tax credits and more! Includes: Changes for the new tax year Filing requirements and thresholds Worksheets and tax tables State tax agency contact information How to report income, deductions and other tax items Basic requirements for payroll tax compliance Concise explanations of key business tax law Charts and tables Tax law changes And much more! And much more! Publishes December, about 800 pages. Publishes December, about 300 pages. 34 Corporate-Partnership-Fiduciary Filled-in Tax Return Forms Perfect for staff training or personal review of business return preparation basics, this resource contains filled-in examples of income tax returns to be filed by corporations (Form 1120 and accompanying schedules), S corporations (Form 1120-S), partnership (Form 1065) and fiduciaries (Form 1041). Extremely easy to navigate: Individuals' Filled-in Tax Return Forms This practical tax tool offers step-by-step guidance on the preparation of tax return Forms 1040EZ, 1040A and 1040. Schedule C and other schedules involved in reporting income and deductions for individuals -- all filled in and explained by CCH expert tax law editors. Provides these helpful features to help you practice confidently: 1040 At-A-Glance charts--a step-by-step look at the major elements of this form Illustrations, sample computations and figures Filled-in forms keyed by number to CCH expert explanations Sample worksheets Includes tax rate tables for corporations, estates and nongrantor trusts to save research time 8-1/2" x 11" format provides easy reference to working forms. Publishes: January, about 200 pages. Publishes: January, about 175 pages. Tax Calendar This handy booklet is a great tool to help professionals and their clients plan for and track important tax dates. This unique Tax Calendar lists due dates for filing tax forms and depositing federal taxes, and provides the information in a convenient, easy-to-use calendar book. Full-page monthly calendars indicate the date that forms are due with a description of the forms on the facing page. The Tax Calendar provides: CPE Express AnswersTM Express Answers is a spiral-bound reference designed to help you and your staff prepare 1040, 1041 Fiduciary, 1120S S Corporation and 1065 Partnership tax returns quickly and accurately. Express Answers provides straightforward, clear guidance, line-by-line, the way you work. Exact due dates, taking into account holidays and weekends A chart for fiscal-year return dates Listing of key form numbers and titles Tabs, easy-to-read type and a two-color format help you quickly find the specific information you need Charts and tables summarize important concepts, facts and figures, saving you time when you need it most Quick reference icons identify Cautions, Examples, Planning Pointers, and highlighted areas to alert you to must-know information Publishes: December, about 32 pages. 6"x 9". 1040 Express Answers. Publishes: December, 500 pages. 1041 Express Answers. Publishes: December, 300 pages. 1120S Express Answers. Publishes: December, 320 pages. 1065 Express Answers. Publishes: December, 400 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 35 TAX RETURN PREPARATION/FORMS Filled-in forms with explanations help you understand the items and calculations State Tax Guidebooks These exclusive CCH state tax guidebooks offer timely, concise and practical information on state and local taxes in a convenient, accessible handbook format. Coverage includes personal and corporate income taxes, sales and use taxes, franchise taxes, estate or inheritance taxes and more! Emphasis is placed on the persons or transactions subject to the tax, applications, exemptions, return and payment. Handbooks publish in December, unless otherwise noted. CALIFORNIA: Bruce Daigh and Christopher Whitney, Contributing Editors. About 850 pages. COLORADO: Bruce Nelson, BA, MA, CPA and Mark Kozik, JD, LLM, CPA, Editors. About 360 pages. CONNECTICUT: Richard D. Pomp, JD, Coordinating Editor. About 300 pages. FLORIDA: James M. Ervin, Jr., JD, Editor. Publishes: November, about 350 pages. ILLINOIS: Marilyn A. Wethekam, JD, Coordinating Editor. About 400 pages. MARYLAND: Walter R. Calvert, JD and Denise V. Corsaro, JD, Editors. Publishes: October, about 360 pages. CPE NEW JERSEY: Susan A. Feeney, JD and Michael A. Guariglia, JD, Editors. About 300 pages. NEW YORK: Mark S. Klein, JD, Contributing Editor. Publishes: January, about 600 pages. NORTH CAROLINA: by William W. Nelson, JD and Shelby Bennett, PhD. About 700 pages. OHIO: Edward J. Bernert, JD and Andrew M. Ferris, JD, Editors. Publishes: January, about 375 pages. PENNSYLVANIA: by Charles L. Potter, Jr., JD, CPA, Shelby D. Bennett, PhD, Philip E. Cook, Jr., JD, and Sheldon J. Michaelson, CPA. About 800 pages. TEXAS: G. Brint Ryan, MS, CPA and Eric L. Stein, JD, LLM, CPA, Editors. About 375 pages. VIRGINIA: William L.S. Rowe, JD, Editor. Publishes: October, 350 pages. STATE TAX MASSACHUSETTS: Stephen M. Politi, JD, LLM, Editor. About 325 pages. MICHIGAN: Publishes: January, about 300 pages. State Tax Guidebook Subscription Library Plan Own all 15 CCH State Tax Guidebooks for an attractive annual subscription price of more than 50% off the regular list price. With the Subscription Plan, you'll receive all State Tax Guidebooks currently available and all new editions published within your subscription period. CPE 36 Journal of State Taxation This bi-monthly journal provides the guidance, information and creative tax planning strategies needed for tackling problems involving state taxation. It equips tax professionals with comprehensive multistate tax information in the form of both feature articles and multistate charts and tables. It offers workable solutions from the nation's leading state tax specialists on how to reduce your company's or client's state and local tax liability. Content includes: Legislative alerts Apportionment news Nexus news Sales Tax Corner State of the states Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. State Income Tax Alert This twice-monthly newsletter features late breaking income tax news and interviews with well-known income tax practitioners who provide how-to information and interpretation of state income tax developments. Ideal for practitioners who need to keep current and are short on time, with: Quick-read charts Case summaries Compliance tips and strategies Publishes: 22 issues per year, about 8 pages per issue. Also available as a Print/Internet bundle. State Tax Handbook A valuable resource for tax and business professionals who work with multiple state tax jurisdictions, this handbook outlines the major features of each state's revenue system in uniform arrangement facilitating easy state-to-state and tax-to-tax reference. Includes: Digests of the principle revenue provisions of each state At-a-glance charts detailing rates, deductions, exemptions and reporting requirements in all states, the District of Columbia and major cities State corporate and personal income tax rates and reporting requirements Charts covering net operating loss carryover and carryback years And much more! Publishes: December, about 700 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 37 STATE TAX California Income Tax Laws and Regulations Annotated Authoritative guidance on California income taxes. This comprehensive reference provides full text of the California personal and corporate income (franchise) tax law and Franchise Tax Board regulations. Each code section is annotated with significant rulings, court decisions and decisions of the State Board of Equalization. Federal-California and California-Federal cross references simplify your research. Includes: California Income Tax Manual By Kathleen K. Wright, JD, LLM, CPA, MBA A comprehensive, singlesource guide to income taxes for individuals, businesses, and estates and trusts in California. It provides clear, straightforward guidance on complex issues and provides numerous examples, tips and suggestions to illustrate how to apply the California income tax law. The book reflects new income tax developments, with an in-depth focus on conformity. An invaluable desktop reference: Personal income tax Administration of franchise and income tax laws Senior citizens property tax assistant Corporate and multi-state tax Taypayers' Bill of Rights Easy-to-understand language Practical guidance turns concepts into real-life applications Clarifies the California tax formula Coverage on unique state issues such as nexus, allocation and apportionment, and unitary group reporting CALIFORNIA TAX GUIDANCE Publishes: March, about 1,680 pages. CPE Publishes: January, about 660 pages. CPE California Property Tax By James S. Bone, CPA, MBA A concise guide to the complex web of California property taxes, the agencies that administer them, and the legal concepts and processes that support them. It examines how types of property are defined and the legal concepts involved in ownership, including property rights and related concepts. Helpful tables, charts and lists give you the answers you need on: Exemptions Appraisal value Leased property New construction Commercial use of public facilities Assessment appeals, billings and collections And much more! Publishes: September, about 370 pages. 38 California Tax Analysis: Corporation Tax Bruce Daigh, Philip Plant and Matt Stolte, Consulting Editors This is a comprehensive treatise on one of the most complex and important areas of state tax practice: California corporate franchise (income) tax from the viewpoint and experience of a distinguished team of California tax practitioners. It provides explanations and practical applications of the laws, regulations, and decisions that affect California corporation taxes. Topics include: Guidebook to California Taxes A quick reference tool providing California tax professionals with fast, accurate and reliable answers on all taxes levied by the state, including personal and corporate income, inheritance and gift, sales and use, and property taxes. This Guidebook is updated annually to reflect significant new legislation, regulations, court decisions and State Board of Equalization decisions. Provides quick, reliable guidance on: Current discussion of all taxes levied by the state of California Gross income Allocation and apportionment Business deductions Depreciation Personal income tax and taxes on corporate income Income tax return preparation for individual resident, nonresident, and part-year resident Comparisons of state and federal taxes Accounting periods and methods And much more! Publishes: December, about 850 pages. CPE Published: January, 2004, 1,300 pages. Taxation of the Entertainment Industry By: Schuyler M. Moore, JD This insightful treatise helps practitioners understand unique issues, interpret rules and regulations correctly, make business decisions that lower taxes, and ensure compliance with the law with an eight-point master plan for managing entertainment tax issues: Know how the law characterizes ownership rights and interests Choose a business form with tax advantages When to report and recognize income Utilize deductions, depreciation and tax credit Avoid liability for failure to withhold wages Finance film production and distribution creatively Foreign production or distribution Taxation of talent Publishes: November, about 400 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 39 CALIFORNIA TAX GUIDANCE Structure and imposition Coverage of general property tax levied by local government units New York State Corporation Tax Law and Regulations An authoritative source of essential information for those who work with corporation tax issues in New York. It reproduces the full text of the New York State laws concerning corporation taxes -- Chapter 60: Articles 9, 9-A, 13, 27, 32 and 33, as well as pertinent regulations promulgated by the NY Department of Taxation and Finance. Updated annually, it keeps you current and compliant: New York State Personal Income Tax Law and Regulations A comprehensive reference for those who work with personal income tax issues in New York. It reproduces the full text of the New York State laws concerning personal income taxes -- Article 9A, Articles 22, 30, 30-A, 30-B, 40, and 41, as well as pertinent regulations promulgated by the NY Department of Taxation and Finance. Updated annually, it keeps you current and compliant: Special Highlights section alerts you to recent legislative changes Topical index, and law and regulation finding lists pinpoint information quickly Listing of amended tax law section helps you stay in compliance Special Highlights section alerts you to recent legislative changes Topical index, and law and regulation finding lists pinpoint information quickly Listing of amended tax law section helps you stay in compliance NEW YORK TAX GUIDANCE Publishes: March, about 650 pages. Publishes: March, about 1,050 pages. 40 New York State Sales and Use Tax Law and Regulations This title reproduces the full text of New York State laws concerning sales and use taxes -- Articles 1, 8, 28, 29, 37 and 41, as well as related provisions of New York City (Chapters 1 and 20 of the New York City Administrative Code). It also includes full text of sales and use tax Regulations and Technical Services Bureau Memoranda (TSBM). New York State Tax Law The reference every professional dealing with New York tax issues should have! This comprehensive reference provides full text of the statute affecting New York personal income, corporate franchise (income), estate, excise, sales and use, franchise and other NY taxes as amended by legislative action. It includes the following: Highlights section reflects key legislative changes Easy-to-use -- includes detailed table of contents and topical index User-friendly Law Section Finding List and Tax Law Sections Amended Highlights section that reflects key legislative changes Easy-to-use, detailed table of contents and topical index Publishes: March, about 1,275 pages. Publishes: March, about 1,550 pages. Guidebook to New York Taxes By Mark S. Klein, JD This handy reference provides concise, authoritative information on New York state and certain local taxes (New York City and Yonkers) tax laws and regulations, significant cases and administrative rulings. It includes coverage of corporate franchise, personal income tax, sales and use taxes, property taxes, franchise tax on banking corporations and estate, gift and generationskipping transfer taxes. Includes: Practical tips, pointers and examples Highlights of Tax Changes section to keep you current References to New York and related federal provisions to broaden your scope Detailed Tables of Contents, Law and Regulations Finding Lists, and a Topical Index to help you quickly locate information Publishes: January, about 600 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 41 NEW YORK TAX GUIDANCE User-friendly Law Section Finding List and Tax Law Sections Amended Multistate Guide to Sales and Use Tax Audits By Daniel M. Davis, MBA (Taxation), CPA, CFE This comprehensive resource provides state-specific material for preparing for and handling an audit in all states that impose sales and use taxes. It explains why certain businesses are selected for audit, how their audits will proceed, what the audit staff will be looking for, and how assessments are developed. Its goal is to proactively help taxpayers avoid paying more than their legal share. Topics include: Multistate Guide to Sales and Use Tax: Manufacturing By Diane L. Yetter, CPA The taxability of purchases by manufacturing companies raises many questions for tax consultants. Virtually all states provide a full exemption, a reduced rate or rebate for sales tax paid on some manufacturingrelated machinery or supplies. This guide helps streamline your research and helps you take advantage of the exemptions unique to the manufacturing industry. The Guide: Overview of the audit process Sales and use tax Nontaxable sales Field examinations Overpayments and refunds Post-audit administrative protest process Mediation and settlement offers Includes CD containing more than 200 sales exemption certificates Provides a solid background on key sales and use tax concepts and compliance Includes a state-by-state textual summary of the rules and with comparison charts throughout Includes compliance, audit defense procedures and the audit defense administrative protest process. Saves time -- includes a State Department of Revenue Internet directory SALES AND USE TAX Publishes: December, about 600 pages. CPE Publishes: November, about 840 pages. CPE CD-ROM Multistate Guide to Sales and Use Tax: Construction By Daniel M. Davis, MBA (Taxation), CPA, CFE, FCPA Comprehensive guidance for dealing with the difficult sales and use tax issues inherent in the construction industry, particularly for contractors and construction workers operating in several states. This guide addresses the problems of complying with different bodies of law, administering a hodge-podge of state and local tax rates, and dealing with a variety of tax agency audit programs, the complicated contract process and recordkeeping. Highlights include: Individual state exceptions to sales and use tax and an expanded state-by-state discussion of exemption certificates Taxability of certain services common to the construction industry Taxability of materials bought or manufactured for out-of-state use Sales and use tax audit procedures and defenses And much more! Publishes: November, about 560 pages. 42 Sales and Use Tax Alert Newsletter This informative newsletter helps multistate practitioners and businesses stay abreast of new sales and use tax developments and effectively handle sales and use tax compliance and planning issues. Includes: Sales and Use Tax Answer Book By Bruce M. Nelson, MA, CPA; James T Collins, JD; and John C. Healy, MST, CPA In an easy-to-use Q&A format, this desk reference provides authoritative answers -- fast! It's ideal for practitioners who need a clear understanding of the key issues, rulings and debates in state and local sales tax. It includes a section on sales tax reform and the Streamlined Sales Tax Project, as well as a table of court cases. Coverage includes: Articles by experts who face the same issues you deal with, such as: challenging tax levies, negotiating settlements, winning appeals, avoiding penalties, and more! Discussions of new cases Interviews with leading practitioners Advice on coping with thorny issues What types of sales are taxable, how are rates applied, what kinds of deductions are allowed and how all specific businesses are taxed Internet sales, bad debt deductions, discounts and rebates, resale sales, warranties Defining a retail sale, and more! Publishes: 22 issues per year, about 8 pages per issue. Also available on the Internet. Publishes: November, about 600 pages. CPE U.S. MasterTM Sales and Use Tax Guide A handy desk reference containing succinct explanations and quick-glance charts detailing common sales and use tax issues for all states and the District of Columbia. This "quick-answer" guide provides multistate overviews of sales taxes and describes for each state the basis, state and local tax rates, principal payment and return due dates, and countless other key facts and figures. Includes updates on the Uniform Sales Tax Administration Act and Streamlined Sales Tax Project. Exclusive quick-glance charts include coverage on: Agriculture exemptions Electronic payment of sales tax Exemption and resale certificates' validity periods Mail-order sales Manufacturing and machinery Penalties, and more! Publishes: May, about 1,300 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 43 SALES AND USE TAX Nexus, the "true object" test International Accounting Financial Reporting Standards Guide By David Alexander and Simon Archer This is your survival guide in today's global economy. It keeps you up-to-date on the latest general and industry-specific international accounting and reporting standards issued by IASB and the proposed changes on the immediate horizon that will most likely alter the way in which you must account for and disclose information. Cross-references help you locate the interpretations and guidance you need. Topics include: International Taxation: U.S. Taxation of Foreign Persons and Foreign Income By Joseph Isenbergh, JD International Taxation covers everything involved in taxation with an international element, including taxation of nonresident aliens and foreign corporations, U.S. taxation of foreign income, foreign currency, international corporate reorganizations, income tax treaties, withholding in international taxation and transfer tax. Examples clarify even the most complex concepts, and Isenbergh's rhetorical flourishes enliven a normally staid subject. It will help you: INTERNATIONAL TAX AND ACCOUNTING The International Accounting Standards Board and the formation of IFAC Accounting policies, changes in accounting estimates, and errors Business combinations Cash flow statement Consolidated financial statements Financial instruments And much more! Practice effectively and compliantly -- International Taxation covers all the bases on inbound and outbound U.S. taxation Minimize risk by operating within the parameters of applicable U.S. and foreign tax laws and treaties Implement strategies to maximize tax advantages for your clients Publishes: November, about 800 pages. CPE Publishes: December, about 2,400 pages in four volumes, loose-leaf. International Income Taxation: Code and Regulations -- Selected Sections A comprehensive, easy-touse volume that focuses on the selected provisions of the Internal Revenue Code and Income Tax Regulations directly related to the U.S. taxation of foreign entities and the U.S. taxation of domestic entities that have income from sources outside the country. International Tax Journal Lowell D. Yoder, Editor, Professor of Law Written by a team of international tax experts, this publication provides timely and thought-provoking information about taxation opportunities and pitfalls, and investment strategies that will enhance your business decisions in the current competitive global economy. Topics include: Compact and portable -- a convenient alternate to the full text of the multi-volume IRC and Regs Oversized page format, with larger type fonts for enhanced readability and use Publishes: August, about 2,000 pages. Anti-Deferral and Anti-Tax Avoidance European Tax Policy Financing International Operations Foreign Tax Credits Subpart F Transfer Pricing Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. 44 Practical Guide to U.S. Taxation of International Transactions By Michael S. Schadewald, PhD, CPA and Robert J. Misey, Jr., JD, MBA and LLM Completely revised and reorganized to reflect U.S. international tax law after passage of the American Jobs Creation Act. It covers the repeal of the extra-territorial income (ETI) regime and its replacement by the domestic production deduction, the new temporary dividends-received deduction, modifications to the foreign tax credit, changes to the anti-deferral regimes, the tightening of tax rules on expatriation of individuals, and more! Practical Guide to Transfer Pricing Rules and Compliance By Marc M. Levey, JD and Steven C. Wrappe, JD, CPA Comprehensive coverage of all aspects of transfer pricing relevant to the practitioner, from general legal principles and apportionment methods to specific transfers of tangible vs. intangible goods and the impact of e-commerce and U.S. customs. Highly practical matters such as strategies, post-examination procedures and practice tools are included. Topics include: Analysis of U.S. rules, case laws and guidance regarding transfer pricing for tangible goods, intangibles and services Complex cost-sharing planning principles U.S. penalty and documentation rules Developing a substantive/procedure strategy Emphasizes essential areas that businesses and their financial advisors need to understand Thorough grounding in the basic principles Comprehensive guidance on U.S. taxation of foreign income and foreign persons Practice and procedure analysis help you stay compliant Published: October, about 450 pages, hardbound. Publishes: September, about 575 pages. Transfer Pricing: Rules and Compliance Handbook By Marc M. Levey, Steven C. Wrappe and Kerwin Chung A must for tax staff and advisors to multinational entities who deal with transfer pricing and issues. Topics include the U.S. rules governing transfer pricing, how taxpayers can document transfer pricing determinations to avoid disputes, how to manage a transfer pricing examination and post-examination procedural alternatives to resolve transfer pricing disputes. Plus, you'll find guidance on: The advance pricing agreement (APA) procedure The impact of transfer pricing on non-tax regulatory issues including customs valuations, Section 404 of the Sarbanes-Oxley Act of 2002, and FASB Interpretation No. 48 And much more! Publishes: January, about 200 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 45 INTERNATIONAL TAX AND ACCOUNTING Accounting Desk Book By Lois Ruffner Plank, Donald Morris, Bryan R. Plank and Christie Plank Ciraulo The Accounting Desk Book covers the broad range of topics and issues that accountants face daily on financial reporting, standards, accounting procedures, SEC accounting and oversight, investments, and tax matters. It is easily accessible and designed to boost your productivity by providing quick answer to the most commonly asked questions. It features: CCH Accounting for Business Combinations, Goodwill and Other Intangible Assets By Benjamin S. Neuhausen, CPA, MBA and Rosemary Schlank, CPA, MBA This comprehensive reference covers a broad range of transactions, including: acquisitions of businesses by acquiring assets or stock; acquisitions of minority interests; leveraged buyouts; reverse acquisitions; rollup transactions; and transfers and exchanges between companies under common control. It draws from the rules of the following statements: Guidelines, illustrations and step-by-step instructions that simplify complex accounting issues Recent updates to keep you current and compliant Free companion CD of the entire book to expedite your research Time-saving finding devices and organization to help you get the right answers fast Helpful appendices, financial planning tables and reporting guidelines FASB Statement No. 141 Business Combinations No. 142 Goodwill and Other Intangible Assets, International Financial Reporting Standard 3 and 38 Consensuses of the FASB's Emerging Issues Task Force and the International Financial Reporting Committee ACCOUNTING Publishes: October, about 500 pages. CPE Publishes: December, about 1,300 pages. CPE CD-ROM Accounting Irregularities and Financial Fraud By Michael R. Young, Esq A step-by-step guide for corporate directors, CPAs and lawyers dealing with a company in the wake of fraudulent financial reporting. It discusses the corporate environment that causes fraudulent financial reporting, how it spreads, the kinds of crises it can create for a company, and the best way to deal with them. All relevant material is covered, including: CCH Accounting for Compensation Arrangements By Donald P. Delves, CPA, MBA The professional's choice for guidance on stock-based compensation arrangements under FASB Statement No. 123, Share-Based Payment. This comprehensive, timely resource examines how to account for stockbased compensation awards given to employees and non-employees. It also includes a discussion of other accounting and financial reporting literature issued by the FASB and the AICPA. Coverage includes: Financial reporting implications of stock-based compensation for employees Employee Stock Ownership Plans (ESOPs) Certain other compensation arrangements for employees Share awards to nonemployees for goods and services And much more! SEC initiatives Recommendations of the Blue Ribbon Committee on corporate audit committees Due diligence Real-world instances of financial fraud Publishes: September, about 400 pages. CPE Publishes: December, about 350 pages. CPE 46 CCH Accounting for Derivatives and Hedging By James F. Green, CPA A comprehensive guide for applying the intricate and expansive requirements of FASB Statement No. 133 and its amendment. It helps identify the nuances of accounting for derivatives and hedging and how to apply these principles to typical situations. Includes practical guidance on: CCH Accounting for Income Taxes By Richard Petersen, CPA An in-depth resource that clarifies the complex requirements of FASB Statement 109. It combines information from the official text of the FASB, along with information drawn from consensus positions of the EITF, SEC Staff Accounting Bulletins and lessons learned from leading practitioners. Includes coverage of FIN-48. Topics include: Fair value hedges Embedded derivative instruments Cash flow hedges Net investment hedges Currency swaps Loan commitment Hybrid contracts Forward purchase contracts and much more! Recognition and measurement Computation of deferred tax liabilities and assets Valuation allowance Change in tax laws or rates Financial statements And much more! Publishes: October, about 420 pages. CPE Publishes: August, about 1,250 pages. CPE CCH Accounting for Leases By Jeffrey Ellis, CPA Indispensable guidance on the complex requirements of FASB Statement No. 13 Accounting for Leases. This comprehensive resource reproduces Statement 13 by paragraph and incorporates FASB Statement No. 98 Accounting for Leases, and FASB Interpretation No. 21, Accounting for Leases in a Business Combination. Topics include: CCH Accounting for Financial Assets and Liabilities By John E. Stewart, CPA, MBA, and James F. Green, CPA Accounting for sales, transfers and servicing of financial assets and extinguishments of liabilities can be extremely complex. This reference provides comprehensive guidance, including an overview and discussion of new developments on accounting for financial assets, such as receivables, loans and securities under FASB Statement No. 140. Topics include: Throughput agreements Power purchase contracts Lease broker accounting Safe harbor leases Facility management arrangements Asset construction Fair value of leased property Lease terms Leveraged leases and much more! Securitizations Variable interest entities Special purpose entities Servicing of financial assets Liabilities Debt extinguishments Repurchase agreements Forward contracts Equity instruments Collateralization borrowings Refinancing collateralized borrowings Sales and securitizations of receivables Loans and securities Publishes: November, about 800 pages. CPE Publishes: December, about 550 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 47 ACCOUNTING Regulated enterprises Construction Guide: Accounting and Auditing By Eric P. Wallace, CPA Comprehensive guidance on accounting, auditing and reporting specific to the construction industry. It offers guidance for special situations related to utility contractors, road builders, home construction, commercial construction and more. Work programs, practice aids, checklists and sample reports are included on a free companion CD. Topics include: Financial Instruments: A Comprehensive Guide to Accounting and Reporting By Rosemarie Sangiuolo and Leslie F. Seidman, CPA This guide pulls together all the existing accounting literature on financial instruments into one volume, organizes it logically and describes the requirements as simply as possible. It provides specific guidance on financial assets, liabilities, derivatives, equity instruments and fair value disclosures. All the answers you need for public and private companies are in this comprehensive volume: Accounting for contractors -- GAAP issues Internal controls Financial statement presentation Auditing construction contractors, home builders and real estate developers Joint Ventures: FIN-45 and FIN-46R Issues When and how to recognize an instrument in a balance sheet How to measure the instrument in subsequent periods When and how to recognize impairment What disclosures should be provided in the footnotes Plain-English practice pointers, observations and examples ACCOUNTING Publishes: July, about 1,100 pages. CPE CD-ROM Publishes: November, about 1,000 pages. CPE CPA Practice Management Forum CPA Practice Management Forum features the best practices, tips and advice from the nation's leading practice management experts, as well as comprehensive, in-depth columns and articles and the latest changes affecting the accounting industry. Coverage includes practice development, marketing, staffing, technology and other key concerns for managing partners. Topics include: Forensic and Investigative Accounting By D. Larry Crumbley, CPA, CrFA; Lester E. Heitger, CPA; and G. Stevenson Smith, CMA, CPA Forensic accounting is a growing area of practice in which the knowledge, skills and abilities of advanced accounting are combined with investigative expertise and applied to legal problems. Forensic accountants are often asked to provide litigation support where they are called on to give expert testimony about financial data and accounting activities. Topics include: "In the trenches" coverage of issues facing CPAs during turbulent times The latest changes affecting the accounting industry and how they affect your firm Monthly coverage of the best ideas from the nation's leading CPA practices Ideas for getting the most out of your staff The practical aspects of litigation support and investigative accounting Case history of a forensic engagement from start to finish Computer forensics -- the use and recovery of electronic data for solving technology-based crimes Wrongful terminations, wrongful death and other issues relating to personal injury Publishes: Monthly, about 24 pages per issue. Also available as a Print/Internet bundle. 48 Publishes: July, about 600 pages. CPE Complete GAAP Library Includes both GAAP Level A and GAAP Levels B, C, and D at a discounted rate. These two guides have parallel tables of contents to provide fast, easy navigation through the entire GAAP hierarchy. Level A provides analysis of the latest FASB statements and GAAP Levels B, C, and D gives you restatement and analysis of current FASB Technical Bulletins, AICPA SOPs, EIFT Issues, FASB Staff Positions, FASB and SEC Staff Announcements and other relevant literature. Peer reviewed. Publishes: November, about 2,600 pages. CPE GAAP Guide Level A By Jan R. Williams, PhD, CPA and Joseph V. Carcello, PhD, CPA, CMA The industry standard for nearly two decades, this guide analyzes authoritative GAAP literature contained in Level A of the GAAP hierarchy, including FASB Statements and Interpretations, APB Opinions and Accounting Research Bulletins. Peer reviewed. Includes: GAAP Guide Levels B, C, and D By Judith Weiss, CPA This companion volume analyzes authoritative GAAP literature contained in Levels B, C, and D of the GAAP hierarchy. Peer reviewed. It contains clear, concise interpretation and application of: FASB Technical Bulletins Consolidated financial statements Contingencies, risks and uncertainties Financial instruments Intangible assets leaves Stock compensation Banking and thrift institutions Accounting for income taxes Not-for-profit organizations Oil and gas Pension plans And much more! FASB Staff Positions Emerging Issues Task Force Consensus Positions AICPA AcSEC Practice Bulletins SEC and FASB Staff Announcements AICPA Accounting Interpretations FASB Implementation Guides Publishes: November, about 1,400 pages. CPE GAAP Update Service By Jan R. Williams, PhD, CPA; Joseph V. Carcello, PhD, CPA, CMA, CIA; and Judith Weiss, CPA Stay abreast of critical FASB and EITF changes and pronouncements with updates delivered to your door. Twice a month, the GAAP Update Service issues reliable analyses of statements and timely information that can be put to work immediately. Each issue is packed with information to keep CPAs on top of critical changes. Here is some sample coverage that you may have missed: Book: Publishes: October, about 1,250 pages. Standalone CD: Publishes: November. CD and Book Bundle: Publishes: November. CPE Accounting for certain financial instruments with characteristics of liabilities and equity The meaning of other-than-temporary impairment and its application to certain investments Employer's disclosures about pensions and other postretirement benefits Publishes: Bi-monthly, about 4 pages per issue. To order call 1 800 248 3248 or visit CCHGroup.com/Books 49 ACCOUNTING Business combinations AICPA Statements of Position GAAP Financial Statement Disclosures Manual By George Georgiades, CPA Contains more than 900 examples of realistic sample footnote disclosures to help you prepare financial statements for audit, review or compilation engagements. Specific GAAP disclosure requirements are reproduced with the sample footnotes to help you understand what needs to be disclosed and why. Topics are addressed by balance sheet, income statement statement and cash flow. Peer reviewed. Governmental GAAP Guide By Michael A. Crawford, CPA and D. Scot Loyd, CPA This comprehensive guide discusses all the promulgated accounting principles applicable to financial reporting by state and local governments. It delivers a thorough analysis of GASB Statements, GASB Interpretations, GASB Technical Bulletins, NCGA Statements, NCGA Interpretations and certain AICPA Statements of Position, as well as Auditing and Accounting Guides. Everything has been analyzed and restated in plain English with timesaving examples. Peer reviewed. Includes: References include a financial statement disclosures checklist Free companion CD provides ready-to-use templates, sample disclosures and checklists Cross-references and index expedite your research In-depth sections on reporting government funds, propriety and fiduciary funds Illustrations, figures and observations to help put concepts into practice Cross-references and detailed topical index to expedite in-depth research ACCOUNTING Publishes: June, about 1,100 pages. CPE CD-ROM Publishes: November, about 1,200 pages. CPE GAAP Handbook of Policies and Procedures By Joel G. Siegel, PhD, CPA, Marc H. Levine, PhD, CPA, Anique A. Qureshi, PhD, CPA, CIA and Jae K. Shim, PhD A popular one-source handbook that provides on-the-job help for applying generally accepted accounting principles and guidance. The latest rules, policies, procedures, disclosures and reporting requirements are covered in detail. Includes financial statements, major reporting areas, foreign operations, derivatives and specialized industries. Guides you through the complexities with: Governmental GAAP Practice Manual By Michael A. Crawford, CPA and D. Scot Loyd, CPA By incorporating a worksheet approach, this guide demonstrates how governmental entities can implement the complex standards established by GASB 34. The Practice Manual provides a detailed analysis of interrelationships between the modified accrual basis of accounting and accrual basis. Emphasis is on the actual process of preparing financial statements. Easy-to-understand, plain-English descriptions Comprehensive checklists of items typically required on worksheets Exhibits and illustrations simulate actual worksheets Easy-to-understand flowcharts Tables, exhibits and practice aids Free companion CD of the entire book Publishes: October, about 1,300 pages. CPE CD-ROM Publishes: October, about 900 pages. CPE 50 Governmental GAAP Update Service By D. Scot Loyd, CPA and Michael A. Crawford, CPA Twice each month, this Update Service keeps CPAs on top of critical GASB pronouncements and other governmental accounting-related issues. Each issue provides reliable analyses of must-know, recently issued pronouncements, including GASB Statements and Interpretations, Exposure Drafts, and more. Here is some of the coverage you may have missed: International Accounting/Financial Reporting Standards Guide By David Alexander and Simon Archer This is your survival guide in today's global economy. It keeps you up-to-date on the latest general and industry-specific international accounting and reporting standards issued by IASB and the proposed changes on the immediate horizon that will most likely alter the way in which you must account for and disclose information. Cross-references help you locate the interpretations and guidance you need. Topics include: Accounting and financial reporting for impairment of capital assets and for insurance recoveries Deposit and investment risk disclosures (an amendment to GASB 3) Budgetary comparison schedules -- perspective differences Disclosure requirements for derivatives not reported at fair value on the statement of net assets The International Accounting Standards Board and the formation of IFAC Accounting policies, changes in accounting estimates, and errors Business combinations Cash flow statement Consolidated financial statements Financial instruments And much more! Publishes: Bi-monthly, about 4 pages per issue. Publishes: November, about 800 pages. CPE Not-for-Profit Reporting By Howard Becker, CPA and Richard J. Terrano, CPA A one-stop guide to not-for-profit accounting and reporting issues. This guide clarifies the applicable accounting standards and federal tax laws and guides you through the preparation of statements of activities, cash flows, disclosures and reporting revenue. It offers solid analysis and explanations, along with real-world examples and cautionary advice. Peer reviewed. It includes: The laws, regulations and standards that apply to not-for-profit organizations that receive financial assistance from the federal government When and how to prepare consolidated financial statements for related organizations How to report promises to give, pledges, collections and pooled investments How to report revenues from fund-raising galas and special events Publishes: November, about 550 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 51 ACCOUNTING Public Accounting Report Public Accounting Report (PAR) is the leading provider of competitive intelligence for public accounting firms and the profession. PAR is renowned for its straightforward reporting and analysis of the news, developments and trends that have defined the profession. Each issue is packed with timely information you can use to benchmark how your firm is performing. Topics include: SEC Disclosures Checklists By Ronald G. Pippin, CPA Avoid costly mistakes! This is the only SEC financial disclosures publication of its kind on the market today. It is made up of concise, easy-to use checklists that simplify your compliance efforts, reduce your costs and minimize risks. With a step-by-step approach, it guides you through the disclosure requirements in plain English. It includes: More than 250 questions clearly covering hundreds of SEC disclosure requirements Detailed SEC reference support material for in-depth understanding Free companion CD to help customize the completed checklist Coverage of commercial industries, specialized entities and MD&A and SEC reporting rules triggered by Sarbanes-Oxley The annual Top Accounting Firms survey Breaking news, in-depth firm profiles, mergers and acquisitions Competitive intelligence Niche practices and product launches And much more! ACCOUNTING Publishes: February, about 1,200 pages. Publishes: Bi-monthly about 8 pages per issue. Also available on the Internet. CPE CD-ROM Revenue Recognition Guide By Tony Sondhi, PhD and Scott Taub, CPA The first and only comprehensive, practical resource for accountants on when and how to recognize revenue. Includes excerpts from the financial statements of public companies that illustrate key concepts and judgments. Features include: Tax Accounting in Mergers and Acquisitions By Glenn R. Carrington In-depth, practical coverage of today's key tax accounting issues in corporate acquisitions, dispositions, reorganizations and restructurings. This treatise addresses the risks that taxpayers should take into account in structuring transactions. Topics include: Excerpts from financial statements of public companies to use as guidelines Observations and Practical Pointers highlight consequences and identify issues Time-saving cross references and index Taxable and tax-free acquisitions Basic concepts in deductibility and capitalization Accounting for restructuring transactions Treatment of contingent liabilities Debt modification And much more! Publishes: December, about 600 pages. CPE Publishes: November, about 650 pages. 52 U.S. MasterTM Accounting Guide By John C. Wisdom, CPA, MBA and James R. Hasselback, PhD This guide distills key accounting, business, legal and financial information into a convenient and affordable desktop reference. It includes helpful information on accounting principles (including GAAP pronouncements), business entities, bankruptcy, business valuation, franchising, buying/selling a business, securities, financial analysis, Social Security, taxation employment issues, investments, insurance, and much more. Features include: U.S. MasterTM GAAP Guide By Bill D. Jarnagin, PhD, CPA This guide provides superior technical analysis, new insights, and practical explanations of accounting principles in a single affordable volume. It explains and analyzes Accounting Research Bulletins, Accounting Principle Board Opinions, Financial Accounting Standards Board Statements, FASB Interpretations, and FASB Technical Bulletins. FASB Concept Statements, Emerging Issues Task Force Abstracts, AICPA Statements of Position, and selected SEC Staff Accounting Bulletins are summarized. Features include: Easy-to-access facts that provide fast answers to client questions Highlights of new changes to keep you current Topics grouped into sections to follow major balance sheet divisions Three-tier approach -- flow charts, general discussions and detailed examples What's New section highlighting changes Key contact information for government offices and accounting organizations Publishes: August, about 1,300 pages. CPE Publishes: May, about 1,400 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 53 ACCOUNTING Formulas and calculations illustrated with practical examples Accounting Irregularities and Financial Fraud By Michael R. Young, Esq A step-by-step guide that discusses the corporate environment that causes fraudulent financial reporting, how it spreads, the kinds of crises it can create for a company, and the best way to deal with them. All relevant material is covered, including: Audit Committees: A Guide for Directors, Management, and Consultants By Frank M. Burke, JD, CPA; Dan M. Guy, PhD, CPA; and contributing author Kay W. Tatum, PhD, CPA A non-technical, essential guide for anyone sitting on an audit committee! It blends observations based on real-world committee experiences, expert knowledge of the standards of external and internal auditors, and knowledge of the latest requirements from the New York Stock Exchange, National Association of Securities Dealers/Nasdaq, American Stock Exchange, and the SEC. It includes: SEC initiatives Recommendations of the Blue Ribbon Committee on corporate audit committees Due diligence Real-world instances of financial fraud Responsibilities, meetings and evaluations -- along with sample documents Where to find more information Free, companion CD with workpapers, checklists and document templates that can be put to immediate use Glossary AUDIT/ENGAGEMENT Publishes: September, about 400 pages. CPE Publishes: August, about 700 pages. CPE CD-ROM Audit Procedures By George Georgiades, CPA Designed specifically to help practitioners prevail in the current climate of intense scrutiny, Audit Procedures presents the conservative and cost-effective approach needed to conduct a higher-quality audit of nonpublic commercial entities. It includes practical discussions of the day-to-day management of audit engagements with easy-to-understand advice, procedures, and practice aids. Includes: Step-by-step procedures that guide you through the initial evaluation to the final report Analysis of PCAOB's Auditing Standards Analysis of AICPA's Auditing Standards Board eight risk assessment standards (SASs 104-111) Free companion CD with audit programs, correspondence, letters, and forms, that serve as templates Publishes: November, about 900 pages. CD-ROM 54 Auditor's Risk Management Guide: Integrating Auditing and ERM By Paul J. Sobel, CPA, CIA Since Sarbanes-Oxley, and its strict corporate governance and accountability provisions, new emphasis has been placed on developing better risk management techniques to meet the expectations of audit committees. This practical guide facilitates a broad understanding of corporate governance, ERM principles, and different auditing approaches along with step-by-step instructions on how to execute the risk management-based audit. It includes: Construction Guide: Accounting and Auditing By Eric P. Wallace, CPA Comprehensive guidance on accounting, auditing and reporting specific to the construction industry. It offers guidance for special situations related to utility contractors, road builders, home construction, commercial construction and more. Work programs, practice aids, checklists and sample reports are included on a free companion CD. Topics include: Accounting for contractors -- GAAP issues Internal controls Ten detailed case studies that illustrate risk management-based audit methodology Practice Pointers and Observations that clarify the key principles Free, companion CD of work programs, checklists, and other tools Q&A checklists to help the auditor understand what questions to ask Auditing construction contractors, home builders and real estate developers Joint Ventures: FIN-45 and FIN-46(R) Issues Publishes: July, about 1,100 pages. CPE CD-ROM Publishes: May, about 600 pages. CPE CD-ROM Compilations & Reviews By J. Russell Madray, CPA, CIA, CMA, CFM What are your responsibilities when you accept a compilation or review engagement? This guide addresses in clear, concise terms, the standard procedures that CPAs should follow. It walks you through preparation of the engagement report, discusses different types of engagements, including management-use only compilations, OCBOA-based, and partnership financial statements. Topics range from attestation engagements without financial statements to financial forecasts and projections. Features include: CPA's Guide to Effective Engagement Letters By Ron Klein, JD, CFE, Ric Rosario, CPA, CFE, and Suzanne M. Holl, CPA A virtual library of every type of engagement letter you could possibly need -- from audit, tax preparations and payroll process to business valuations and assurance service. And, even better, this CPA's Guide includes a free CD with the letters produced in an electronic format so they can be excerpted into your own correspondence. It simplifies your engagements with: Two-column format with suggested wording on one side and relevant commentary on the other Guidelines for financial statements, tax preparation and planning, general accounting and more! Free companion CD with templates and content you can cut and paste to your letterhead Appendix to help you determine what procedures and approach to follow Checklists, questionnaires, workpapers, sample correspondence, and sample reports Free companion CD includes forms and workpapers Peer reviewed Publishes: June, about 866 pages. CPE CD-ROM Publishes: June, about 1,000 pages. CPE CD-ROM To order call 1 800 248 3248 or visit CCHGroup.com/Books 55 AUDIT/ENGAGEMENT Financial statement presentation CPA's Guide to Management Letter Comments By Bert L. Swain, CPA Hundreds of management letter comment examples to help preparers produce a high-quality final product. Examples include the actual opening paragraph through all critical areas generally encountered during an audit and suggested closing paragraphs. The companion CD allows text to be extracted easily into your letters. CPA's Guide to Quality Control and Peer Reviews By Perry M. Henderson, CPA, MPA A straightforward, practical reference to help CPA firms formulate a quality control system and ensure effective self-regulation. It includes easyto-use models of quality control policies and procedures that can be customized to your clients' situations. It will bring you up-to-date with changes in independence rules, relatedparty disclosure, fraud risk assessment procedures, and professional standards. Comprehensive coverage includes: Conveniently organized to follow the traditional audit process Sections include fixed assets, sales, purchasing, accounts payable and receivable, payroll, taxes, insurance, grants and more! Trouble-shooting ideas to help you stay compliant and avoid costly inefficiencies and malpractice claims User-friendly checklists, reports and letters Numerous illustrations and practical pointers Free companion CD provides time-saving templates AUDIT/ENGAGEMENT Publishes: October, about 300 pages. CD-ROM Publishes: May, about 800 pages. Forensic and Investigative Accounting By Professors D. Larry Crumbley, CPA, CrFA; Lester E. Heitger, CPA; and G. Stevenson Smith, CMA, CPA Forensic accounting is a growing area of practice in which the knowledge, skills and abilities of advanced accounting are combined with investigative expertise and applied to legal problems. Forensic accountants are often asked to provide litigation support where they are called on to give expert testimony about financial data and accounting activities. Topics include: CD-ROM The practical aspects of litigation support and investigative accounting Case history of a forensic engagement from start to finish Computer forensics -- the use and recovery of electronic data for solving technology-based crimes Wrongful terminations, wrongful death and other issues relating to personal injury Publishes: July, about 600 pages. CPE 56 GAAS Guide By Joseph V. Carcello, Ph.D, CPA and Mark S. Beasley, PhD, CPA You won't find a more complete analysis of SASs, SSARSs, and SSAEs anywhere. This guide offers in-depth interpretations of standards for auditing, quality control, attestations, compilations, reviews and professional ethics. Peer reviewed. GAAS Practice Manual By George Georgiades, CPA A quick, comprehensive reference to the current SASs, SSAEs and SSARSs. It reflects the latest nonpublic company and PCAOB Auditing Standards. Includes practice tips to help you better plan and execute auditing compilations and attestation engagements and integrate the standards into practice. Peer reviewed. The Manual provides: Organization follows AICPA's Professional Standards (Volume I and II) so you can reference them easily Updated with the latest audit interpretations Includes companion CD that puts practical exhibits and examples at your fingertips Discussion of specific standards, their basic requirements and practitioner's essential responsibilities Practice issues and frequently asked questions Publishes: October, about 1,500 pages. CPE CD-ROM GAAS Update Service Twice each month, the GAAS Update Service keeps CPAs on top of authoritative, new literature that affects their auditing practice. Coverage runs the gamut -- you'll get detailed analysis of the most recent pronouncements of Statements on Auditing Standards, Statements on Standards for Attestation Engagements, and Statements on Standards on Accounting and Review Services, Industry Audit Guides and much more. Past topics have included: SAS-114, The Auditor's Communication with Those Charged with Covernance SSAE-114, SSAE Hierarchy Practice Alert 2007-1, Dating of the Auditor's Report and Related Practical Guidance SSARS Interpretation No. 28 of AR Section 100, and much more! Publishes: Twice a month, about 4 pages per issue. To order call 1 800 248 3248 or visit CCHGroup.com/Books 57 AUDIT/ENGAGEMENT Publishes: October, about 1,000 pages. CPE CD-ROM Handbook of Financial Analysis, Forecasting and Modeling By Jae K. Shim, PhD and Joel G. Siegel, PhD, CPA A practical guide of proven techniques, strategies, and approaches that are successfully used by professionals who diagnose and manage the financial and operating health of businesses. It illustrates and explains time-tested techniques that help analyze financial decisions. The book explains what financial tools and techniques to use and how to apply them. Includes: Internal Controls Guide By Wanda A. Wallace, PhD, CPA, CMA, CIA This guide provides a roadmap to complying with the PCAOB Auditing Standard No. 2. It describes the critical elements of internal control in practical terms, and then, step-by-step, demonstrates how to evaluate and improve these elements for each of the major operating cycles of a business, including non-for-profit entities. It addresses reporting and disclosures, monitoring and follow-up. Topics include: Designing and evaluating controls Forms, checklists, and efficiency suggestions Formulating an audit plan Control problems by industry type Litigation support And much more! Computational examples and illustration to help you stay compliant Proven checklists, ratios, formulas and statistical techniques to help you make smart decisions for your clients Guidelines for evaluating a company's financial health Financing techniques to derive the best financial position and rate of return CD-ROM AUDIT/ENGAGEMENT Published: September 2005, 1,900 pages. CPE Publishes: March, about 500 pages. Knowledge-Based Audits of Commercial Entities By Mike Ramos, CPA; Wayne Kerr, CPA; and George Georgiades, CPA Get a head start on understanding the eight new risk assessment standards issued by the AICPA which take effect for audit filings after December 31, 2007. The Knowledge-Based Audit approach: 1) facilitates compliance with GAAS; 2) encourages more efficient audits through customized audit programs; and 3) helps auditors identify and focus on risks. With this new guide, you will: Information Technology Audits By Xenia Ley Parker, CIA, CISA, CFSA, and Lynford Graham, CPA This up-to-the-minute guide helps you meet today's growing demand for integrated audit services. With real-world examples, it offers a hands-on look at how organizations use and control information to meet business objectives, and offers strategies to assess whether the company's controls adequately protect its information systems. It provides: Practice confidently under the new standards Perform more comprehensive risk assessments and document the findings Save time and ensure accuracy -- companion CD includes workpapers: including correspondence, auditors reports, practice aids, checklists, and KBAs. A proactive approach to integrating IT into audit systems Chapters on infrastructure controls, Internet, e-business, privacy, confidentiality and security and using software as an auditing tool A free companion CD with practice aids Publishes: May, about 150 pages. CD-ROM Publishes: June, about 1,000 pages. 58 CPE CD-ROM Local Government Audits and Single Audits By Rhett Harrell, CPA, CGFM Everything a CPA needs to know to perform audits of governmental entities accurately and profitably! This up-to-date compact guide clarifies audit procedures and regulations for state and local governments. It prompts you every step of the way through planning, strategy implementation and reporting procedures. The Single Audit Act and OMB Circular A-133 are covered. This book has been peer reviewed and includes: A proven, eight-step audit strategy Time-saving tips on planning, fieldwork and reporting Free companion CD with workpapers, checklists and reports Electronic version of a Government Finance Officer's Association checklist, confirmation letters, a personal independence declaration and much more! Publishes: May, about 1,700 pages. CPE CD-ROM By Robert J. Sonnelitter, Jr., CPA SOX 404 walks you through the compliance requirements and provides everything necessary to perform an assessment of internal controls over financial reporting as well as an assessment of disclosure controls. It focuses on the Securities and Exchange Commission's rules for an assessment of internal controls and looks carefully at the requirements of the PCAOB for independent auditors of small companies. It helps you: By Warren Ruppel, CPA This invaluable resource combines everything an auditor needs to perform audits of financial statements for nonprofits, audits in accordance with Government Auditing Standards, and single audits in accordance with Office of Management and Budget (OMB) Circular A-133 in one comprehensive, easy-to-use guide. All-inclusive analysis of the relevant technical literature is combined with user-friendly advice. To help you prepare audits in record time, this resource includes: Reduce costs by identifying situations where internal controls can be improved Practice confidently with practice pointers, checklists and practice aids Save time with adaptable workpapers on a free companion CD Stay compliant with authoritative guidance from the PCAOB and the SEC A free companion CD with workpapers, reports, correspondence, and a comprehensive disclosure checklist Audit cost-savings tips to help you apply new audit approaches Cross-references to original pronouncements Appendix with Form 990: Return of Organization Exempt from Income Tax (and Schedules) This book has been peer reviewed Publishes: September, about 430 pages. CPE CD-ROM Publishes: June, about 1,200 pages. CPE CD-ROM To order call 1 800 248 3248 or visit CCHGroup.com/Books 59 AUDIT/ENGAGEMENT Not-for-Profit Organization Audits with Single Audits SOX 404 for Small, Publicly Held Companies Accounting Desk Book By Lois Ruffner Plank, Donald Morris, PhD, CPA; Bryan R. Plank; and Christie Plank Ciraulo The Accounting Desk Book covers the broad range of topics and issues that accountants face daily on financial reporting, standards, accounting procedures, SEC accounting and oversight, investments, and tax matters. It is easily accessible and designed to boost your productivity by providing quick answer to the most commonly asked questions. It features: Almanac of Business and Industrial Financial Ratios By Leo Troy, PhD Derived from the latest available IRS data on nearly 5 million U.S. and international companies, the Almanac provides accurate performance data for 50 operation and financial factors in 199 industries. Data for each industry is subdivided into 13 categories based on company size, so you'll find a precise benchmark to measure company performance. Includes: Guidelines, illustrations and step-by-step instructions that simplify complex accounting issues Recent updates to keep you current and compliant Free companion CD of the entire book to expedite your research Time-saving finding devices and organization to help you get the right answers fast Helpful appendices, financial planning tables and reporting guidelines Competitive norms for revenue and capital factors Average operating costs Industry-wide ratios for inventory turnover Percentage analysis of debt radio, return on assets, on equity, and profit margins Free companion CD with an electronic spreadsheet that lets you input your own data to see how it measures up! FINANCE Publishes: December, about 1,300 pages. CPE CD-ROM Publishes: November, about 800 pages. CD-ROM 60 Corporate Controller's Handbook of Financial Management By Jae K. Shim, PhD; Joel G. Siegel, PhD, CPA; Nick Dauber, MS, CPA A comprehensive source of practical solutions, strategies, techniques, procedures, formulas and all the financial information a financial manager needs to diagnose a firm's financial health, boost financial results and cut costs. It features important developments in government rules, accounting procedures, taxation and information technology. You'll find: Quick answers to day-to-day questions Examples, checklists, step-by-step instructions and other practical working tools to simplify complex issues Business Valuation Guide By George B. Hawkins, ASA, CFA and Michael A. Paschall, ASA, CFA, JD This comprehensive practice aid provides everything you need to know to take advantage of the rapid growth in business valuations. It offers practical insights and detailed, step-by-step-guidance to help professionals at all levels meet the challenges and succeed in providing business valuation services. The guide combines both an annually updated loose-leaf reference and quarterly newsletters that highlight the latest developments and trends. Coverage includes: Publishes: June, about 1,600 pages. CPE CD-ROM Valuation fundamentals and approaches Addressing and analyzing risk Discounts and premiums Professional practical valuations ESOP valuations Estate and gift tax valuations Family limited partnership valuations Litigation valuations Sample valuation report Volume contents updated annually. Loose-leaf. Newsletter publishes quarterly, about 16 pages per issue. To order call 1 800 248 3248 or visit CCHGroup.com/Books 61 FINANCE Sixty-one chapters covering everything from SEC reporting, GAAP analysis, audit and financial analysis to taxes and mergers 706/709 Preparation and Planning Guide By Sidney Kess, JD, LLM, CPA; and Barbara Weltman, JD Precise explanations of estate and gift tax return preparation by noted tax experts Kess and Weltman. Legislative and regulatory changes, recent IRS rulings and recent court decisions affecting the returns are all reflected and highlighted. This comprehensive guide covers everything you need to know, such as: special-use valuation, reporting stocks and bonds, retirement plan benefits and IRAs, transfers and much more. It's perfect for staff training or as a personal refresher. Easy-tofollow presentation helps you practice confidently and compliantly with: Asset Protection Strategies By Lewis J. Saret, JD and Lewis D. Solomon, Professor of Law This reference provides a solid foundation and the tools required to implement asset protection strategies. You'll get insightful analysis on how prudent asset protection may build transfer tax savings, how to legally protect assets through a choice of business entity, domestic and offshore trusts, current property ownership, the impact of the Bankruptcy Bill on the choice of trusts, planning strategies and more. Forms, including difficult-to-locate offshore trust forms and IRS forms, are explained in detail. Includes: FINANCIAL AND ESTATE PLANNING Time-saving companion CD with usable forms Clarification of rules, strategies and fraudulent conveyance concepts Domestic and foreign trust compliance CD-ROM Line-by-line guidance Straightforward, easy-to-understand language Sample filled-in forms and schedules Real-world examples Publishes: December, about 1,300 pages. Publishes: July, about 250 pages. CPE Closely Held Businesses in Estate Planning By Edwin T. Hood, JD, LLM; John J. Mylan, JD, LLM; and Timothy P. O'Sullivan, JD, LLM Exhaustive coverage of the strategies and practices for protecting a closely held business while limiting the tax burden on the estate's owner. It offers helpful insight on the gratuitous transfer tax system, inter vivos gifting strategies, valuation freezes, intra-family sales, buy-sell agreements, the marital deduction, planning strategies for retirement income distributions and valuation of closely held business interests. Be confident and compliant with: Asset Protection Planning Guide By Barry S. Engel Featuring the insights and strategies of leading asset protection strategist, Barry S. Engel, this guide helps advisors master the multitude of asset protection planning vehicles available, understand the strengths and weaknesses of those vehicles, and achieve the goals of clients. It covers every aspect of asset protection planning -- describing the various asset protection plans, when to use them, why specific strategies are used, and which countries to go to for protection. It includes: The Engel ladder of asset protection vehicles Model foreign asset protection diagram and asset protection trust structure Asset protection control/benefit scale Sample documentation language, a sample trust and more! Current legislative, regulatory and judicial developments that affect closely held businesses and their owners Guidelines on using family limited liability partnerships, limited liability companies, S corporations and C corporations to accomplish estate planning goals Tables on cited Internal Revenue Code Sections, private letter rulings and final and proposed Treasury Regulations Publishes: September, about 600 pages. 62 Published: April 2004, updated supplements issued annually, about 1,800 pages. Loose-leaf. Drafting the Estate Plan: Law and Forms By David A. Handler, JD and Deborah V. Dunn, JD This two-volume treatise points out the pitfalls and opportunities created by each transfer tax and trust law, rule and case discussed, and explains how to implement strategies and why and when to use them. User-friendly forms, including a HEET form, with detailed annotations and practical advice are included, as well as useful appendices such as: Estate & Gift Tax Handbook By Susan Flax Posner, JD, LLM An ideal resource for professionals dealing with the complexities of the estate and gift tax system. In one place, you'll find all the information and tools necessary to help clients arrange a person's affairs, both before and after death, to minimize the estate and gift tax burden and to maximize wealth transfers through lifetime and testamentary giving. Topics include: Tax changes under EGTRRA Qualified Subchapter S Trust Election under Section 1361(D)(2) Trustee Election for Electing Small Business Trusts under Section 1361(E)(3) Tables of Internal Revenue Code Sections, Treasury Regulations, revenue rulings, procedures, notices, letter rulings and cases CD of forms (with and without annotations) Inflation adjustments affecting estate planning Revised gift and estate tax forms Update on fraudulent trust schemes and details on IRS's initiative against abusive trust arrangements Updates on charitable remainder trust distribution regulations Publishes: July, about 1,300 pages, loose-leaf. Publishes: November, about 2,400 pages in 2 volumes, loose-leaf. CD-ROM Estate Planning By Jeffrey N. Pennell, PhD and the late A. James Casner This definitive three-volume resource brings the estate planning professional up to date on ongoing developments and underlying law. It provides in-depth, practical coverage of estate planning practice, from complex transfer laws and essential strategies to inter vivos gifts and post-mortem activities. It includes expert guidance on the various arrangements that may be employed to dispose of wealth, and analysis of the laws and practices essential to creating comprehensive estate plans. Topics include: Wills, trusts, income taxation and inter vivos transfers Wealth transfer taxation, nonprobate transfers, concurrent and future interests Powers of appointment, charitable and marital deduction planning and postmortem estate planning Published: April 2003, updated supplements issued annually, about 3,500 pages in 3 volumes, loose-leaf. To order call 1 800 248 3248 or visit CCHGroup.com/Books 63 FINANCIAL AND ESTATE PLANNING Estate and Retirement Planning Answer Book By William D. Mitchell, JD This easy-to-use format helps estate planning professionals integrate retirement plan distributions with clients' estate plans, create the best retirement plan for the client, and comply with the growing number of federal requirements and tax rules that apply to these plans. Coverage includes the final minimum distribution rules for individual retirement accounts, qualified plan distributions, usage of insurance as a qualified plan asset, and changes resulting from new legislation. Highlights include coverage of: Family Trust Planning Guide By Charles M. Aulino, JD, LLM This guide explains all aspects of trusts in practical, easy-tounderstand terms. It addresses how trusts can shield assets and save taxes, and serve other very practical uses. Property ownership, probate, basic trust distinctions, trust management, designing beneficiary interests and trust strategies are all thoroughly examined. Includes case studies that mirror real-life client situations. Topics include: FINANCIAL AND ESTATE PLANNING Designing a family trust fund Assets held in trust funds and investment management Total return and asset protection trusts Federal income taxation of trusts, and much more! The Pension Protection Act of 2006 Pre-death indebtedness Post-death interest expense The Kiddie tax Updated income tax rates for trusts and estates Publishes: August, about 450 pages. Publishes: September, about 1,240 pages. Estate Planners' Guide to Income in Respect of a Decedent By Alan S. Acker, JD Comprehensive guidance on a difficult subject! This guide helps practitioners determine what IRD is, and then makes it easy to apply the law once the item of IRD has been identified. Included are special areas such as estate planning using items of IRD to make charitable distributions and treating state estate taxes as a deduction rather than a credit. Appendices provide comprehensive reference guidance on: Federal Estate and Gift Taxes: Code and Regulations (Including Related Income Tax Provisions) An indispensable singlesource compilation of the estate and gift tax law. It contains the full official text of the estate, gift, and generation-skipping transfer tax provisions of the Internal Revenue Code and the corresponding Final, Temporary, and Proposed Regulations. Selected Income Tax Code Sections and Regulations that relate to estate and gift taxes, and procedural Code sections and corresponding Regulations are included. Features include: Internal Revenue Code sections Items of IRD Regulations sections Suggested language for wills and trusts Revenue rulings Comprehensive examples Reader-friendly format with 7-1/4" x 10" pages and large type fonts Recent statutory and regulatory developments to help you stay compliant Unified transfer tax rates and income tax rates in tabular form for quick reference Simple navigation organized by Code Section and by subject Publishes: December, about 475 pages, loose-leaf. Publishes: April, about 1,600 pages. 64 Federal Income Taxation of Estates, Trusts & Beneficiaries By Mark L. Ascher, JD, LLM, Professor of Law Step-by-step guidance for dealing with the problems of preparation of the decedent's final return, characterization of income in respect to a decedent, computation of distributable net income (DNI), the interaction of the system of taxation of trusts and estates and the passive activity rules, the grantor trust rules, and the rules relating to split interest charitable trusts. Updated annually, it provides timely guidance tailored to the needs of today's busy practitioner. Contents include: Financial and Estate Planning Guide Terence Myers; Dorinda DeScherer; and Sidney Kess, CPA This valuable guidebook helps you structure, tailor and administer plans to meet clients' needs. The Guide clearly explains the most important techniques used to set and meet financial goals, and fully reflects recent laws and regulatory changes, including the expansion of the "kiddie tax" on the investment of children and the provisions of the Pension Protection Act of 2006. Income tax meaning of estates and trusts Decedent's income tax liability for the year of death Partnership interests Distributable net income And much more! General Principles and Techniques: planning, client analysis, charitable giving, trusts, wills, employee benefits Special Situations: planning situations for specific individuals and situations, i.e., business partners, farmers, the elderly Building the Estate: review of investment vehicles and financial planning strategies Planning Aids: tax schedules, life expectancy tables, interest rate tables and more! Published: April 1999, updated supplements issued annually, about 1,000 pages, loose-leaf. Fiduciary Duties and Liabilities: Tax and Trust Accountant's Guide By David Glusman, CPA and Gabriel Ciociola, JD Over the past years, accountants have increased their role in estate planning and trust administration, and have more frequently been asked to become trustees for their clients. This book discusses the appropriate role for accountants and cautions on those areas that have the most potential for errors, omissions and client conflicts. Includes the following topics: Publishes: November, about 1,000 pages. Financial Planning Answer Book By Jeffrey H. Rattiner, CPA, CFP This comprehensive reference covers the five key areas of financial planning: investments; employee benefits/retirement plan assets; insurance; income tax and estate planning, and regulatory issues. Updates on Medicare Part D and the latest indexed figures are included. It takes a practical approach and emphasizes the technical, tax and regulatory aspects to help you: A full discussion of Circular 230 Fiduciary law, regulations and standards Risk analysis Estate administration Duties to clients, beneficiaries and third parties Disputes and litigation Familiarize yourself with all of the basics of personal financial planning Understand how to put the basics into practice Understand tax and regulatory issues, and how to address them Identify and focus on the core client interests of financial planners Publishes: November, about 500 pages. Publishes: November, about 550 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 65 FINANCIAL AND ESTATE PLANNING Income Taxation of Fiduciaries and Beneficiaries By Byrle M. Abbin, JD, CPA This two-volume reference helps practitioners obtain the most advantageous outcomes for fiduciary and beneficiary clients through step-by-step guidance on federal and state taxation of fiduciary income. It covers the broad range of complex issues from charitable remainder trusts to Nexus rules and their effect. You'll find practical guidance that helps you stay current and compliant through: Journal of Practical Estate Planning This journal goes beyond the technical and legal aspects of estate planning to also discuss the philosophical, emotional and psychological factors that influence the planning process. It's packed with valuable planning strategies and advice on how to incorporate client-centered and values-based planning into an existing practice, mixing philanthropic estate planning strategies with the traditional. Coverage includes: FINANCIAL AND ESTATE PLANNING 35 case studies Filled-in form 1041 and accompanying documents Critical discussions of new hot topics, such as: letter rulings qualifying under IRC 664 The impact of the new 100% excise tax on unrelated business taxable income Valuation adjustment strategies Estate tax procedure Ethical considerations Estate planning technology Advanced planning strategies Client-centered practice management Publishes: June, about 2,100 pages in two volumes. Journal of Retirement Planning This journal is dedicated entirely to the complex and evolving issues surrounding retirement planning. You'll find valuable analysis of financial and estate planning techniques, new technologies and best practices for building a successful retirement planning practice. Written by successful practitioners who meet with their clients face-to-face and offer advice everyday. Topics include: Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. Multistate and Multinational Estate Planning By Jeffrey A. Schoenblum, JD This comprehensive reference analyzes the legal aspects of individual wealth transfers across state and national boundaries. With emphasis on planning, it helps attorneys develop strategies for multijurisdictional clients. In-depth coverage includes professional issues, such as malpractice across state and national lines, restrictions on testamentary freedom, and laws involving wills, trusts and estates and taxes. It includes: Evaluating retirement portfolios Roth IRA conversions Rollovers of taxpayer investment Medicare Retirement plans and IRAs Recent case law, statutes, treaties, and codes Updated tax material with references to past regulations Appendices with state and foreign charts Transfer tax schedules Publishes: Bi-monthly, about 48 pages per issue. Also available as a Print/Internet bundle. Publishes: December, about 2,600 pages in 2 volumes. 66 Multistate Guide to Estate Planning By Jeffrey A. Schoenblum, JD State-by-state guidance on how to minimize state taxes to preserve the multistate estate, achieve the desired disposition of property regardless of jurisdiction, resolve commonly encountered state law problems in estate practice and assure asset protection. This easy-to-use format helps the estate planning professional readily locate information concerning one state's treatment of a particular issue (or compare the treatment required by several states) all on the same table. Highlights include: Practical Guide to Estate Planning By Ray Madoff, JD, LLM; Cornelia R. Tenney, JD, LLM; and Martin Hall, JD Provides a clear overview of estate planning and a discussion on planning principles and tools. This book presents current investment practices, investment vehicles, hot buttons and issues. It reflects relevant changes in tax laws and new developments. Includes a free companion CD with downloadable forms. Overview of the estate planning process Rules and how to structure estates to achieve desired tax effects Specialized areas, including generation-skipping transfer tax and charitable planning Forms, including a pour-over will, revocable trust, minor's trust and more! Living will statutes Tax charts summarizing the states' tax treatment of trusts and estates State-by-state summary of the current estate tax situation Charts of new statutes and cases CD with Advance Directives for all 50 states Publishes: November, about 850 pages. CD-ROM Publishes: October, about 1,250 pages. CD-ROM Price on Contemporary Estate Planning By John R. Price, LLB and Samuel Donaldson, JD, LLM A mine of information and expertise packed with valuable practice tips, this is the most current and comprehensive single-volume estate planning resource available. Through a blend of theoretical grounding and a practice-oriented approach, Price shows how to handle the full range of estate planning problems and techniques. Helpful analysis and discussion include reallife examples and practice pointers. Topics include: Client counseling Durable powers of attorney Living wills Life insurance and annuities Charitable remainder trusts Lifetime noncharitable gifts Closely held business interests Community and marital property Retirement plans, IRAs and more! Publishes: December, about 1,500 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 67 FINANCIAL AND ESTATE PLANNING Organized into four easy-to-follow sections: Retirement Benefits Tax Guide By Thomas F. Rutherford, JD and Revision Editor: Theodore Simons, Jr., JD, CEBS The Retirement Benefits Tax Guide is an answeroriented practical guide that focuses on distributions and how they are taxed in the hands of participants and beneficiaries. It provides detailed coverage of distributions from qualified retirement plans (employersponsored plans meeting the requirements of Code Sec. 401(a), and distributions from IRAs, SEPs, SIMPLE retirement plans, Roth IRAs, TSAs, and nonqualified plans of both the funded and unfunded varieties. Coverage includes: Stock Options: Estate, Tax and Financial Planning By Carol A. Cantrell, JD, CPA Covers everything from the basics to advanced tax strategies to help practitioners maximize the value of stock options under a variety of circumstances, including job changes, down markets, family partnerships, estate administration, family gifts, bankruptcy and divorce. You'll find sound, practical advice supplemented with tools to help maximize the advantages of stock options, including: FINANCIAL AND ESTATE PLANNING Compressive guidance through hundreds of examples and exhibits Coverage of relevant state law and rules help you stay in compliance Sample forms and worksheets help you avoid costly mistakes and omissions Time-saving references, addresses, phone numbers and website resource lists Annuities, lump-sum distributions, rollovers, in-service distributions, noncash distributions, loans, life-insurance protection, disability benefits, death benefits, and miscellaneous post-retirement distributions Federal taxation of social security and railroad retirement benefits Disposition of benefits in divorce or separation Taxation of foreign participants in domestic plans and domestic participants in foreign plans Minimum distribution And much more! Publishes: November, about 900 pages. Tax and Wealth Strategies for Family Businesses By Sheryl L. Rowling, CPA A "one-stop" reference for professional advisors of closelyheld businesses that provides advice and practice tools to guide their clients throughout the life cycle of a family business. The book walks you through the various phases of a business: start-up, operating, and exiting. It also addresses cash flow, risk management, tax strategies, structuring, investments, retirement planning, college funding, estate planning, and more! Includes: Publishes: July 2006, with semi-annual update, about 900 pages, loose-leaf. Retirement Planning Guide By Sidney Kess, JD, LLM, CPA and Barbara Weltman, JD Covers the basics for professionals advising clients on retirement planning and provides a wealth of ideas, suggestions and strategies on setting retirement goals, meeting retirement goals, accumulation strategies, distribution strategies, life insurance, Social Security, medical coverage, where to retire, considerations for business owners, estate planning as it relates to the topic of retirement, and much more. Includes the tools to help practitioners expand their practice: Flowcharts and worksheets to help you better serve your clients Tax strategies and risk management Retirement planning Latest information on domestic production activities, "natural business year" tests allowed by the IRS, Code Section 409A regarding deferred compensation, Medicare Part D, and updated indexed figures Analysis of issues and pitfalls to avoid Forms, checklists, tables and a client letter Free CD with more than 50 practice tools Publishes: March, about 360 pages. 68 CD-ROM Publishes: December, about 600 pages. Taxation of Individual Retirement Accounts By David J. Cartano, JD, LLM A comprehensive analysis of all the tax laws related to the operation and administration of all 15 types of IRAs, including the Roth IRA, the education IRA, the SIMPLE IRA and the deemed IRA. The guide also addresses the tax rules applicable to the different types of beneficiaries receiving IRA distributions, including foreign, charitable, trust, spouse and non-spouse beneficiaries. Recent updates include: Wealth Management: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients By S. Timothy Kochis, JD, MBA, CFP and the Staff of Kochis Fitz This guide covers fundamental wealth planning topics with a real-world view that can lead to new insights and ideas. It sets out a consistent, reliable approach to personal financial issues and describes a broad spectrum of appropriate responses so that clients and their wealth managers can make intelligent decisions about money. Topics include: The effects of the Pension Protection Act, the American Jobs Creation Act, the Working Families Tax Relief Act, and Bankruptcy Abuse Prevention and the Tax Increase Prevention and Reconciliation Act New laws regarding the effect of rollover distributions on unemployment compensation Final IRS rules on Roth contributions to a section 401(k) plan New rules applicable to inherited IRAs Framing the client's goal Organizing an approach to cash management Issues and decisions regarding the emergency liquidity reserve Investment reservoir issues Specialized income planning for high net worth individuals Publishes: March, about 1,100 pages. Publishes: October, about 320 pages. U.S. MasterTM Estate and Gift Tax Guide A concise, authoritative handbook for anyone involved in federal estate and gift tax planning, return preparation and tax payment. It provides clear, updated explanations of the laws relating to federal estate, gift and generation-skipping transfer taxes. Also included is a Quick Tax Facts card -- a handy, perforated card bound into the book for at-a-glance reference to key estate and gift tax rates and credits, figures, filing deadlines and other valuable information. Includes many helpful tools, such as: Pertinent tax tables, such as the unified rate and credit, state death tax credit and pre-1977 gift tax rates Sample filled-in forms in the 706 and 709 series, and various generation-skipping transfer tax forms Citations to Internal Revenue Code, regulations, IRS rulings and cases Forms Finding List referencing location of IRS forms and worksheets Publishes: December, about 675 pages. CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 69 FINANCIAL AND ESTATE PLANNING Charitable Giving Answer Book By Catherine W. Wilkinson, CPA and Jean M. Baxley, LLM A quick-answer resource for estate planners and others who advise philanthropists and organizations that receive charitable contributions. The book references current developments, recent legislation and IRS rulings that alter the rules for charitable deductions. The Answer Book addresses new sources and limitations on charitable giving, including car donation programs, donations of patents and intellectual property, and naming charities as IRA beneficiaries. Time-saving tools include: Family Foundation Handbook By Jerry J. McCoy, JD and Kathryn W. Miree, JD This handbook offers guidance to make prudent choices on giving and philanthropy, and provides the statistical background to substantiate your decisions. Critical areas such as managing risk for the foundation and its board members, compensation, comparisons of the private foundation, strategies on grantmaking, and conducting research on charities are all included. Plus, you'll find the tools to help you practice confidently and compliantly: CHARITABLE/PLANNED GIVING Updated model trust Forms for Charitable Remainder Unitrusts and Charitable Remainder Annuity Trusts Citations to federal statutes, regulations, rulings, and cases Coverage on the formation to administration of a family foundation, and everything in between Forms, checklists, questionnaires, and training forms Appendices include Table of Cases, Statutes, Treasury Regulations, Letter Rulings, Revenue Procedures Publishes: September, about 940 pages. Publishes: November, about 1,100 pages. Charitable Trusts By George B. Jewell, JD Up-to-date guidance on how to design, draft, fund, administer and comply with tax laws for every type of charitable trust. This indispensable guide helps practitioners achieve estate and financial planning objectives while securing significant benefits for hospitals, colleges, universities and other nonprofit organizations. Designed to save you time and minimize errors. Includes: Professional Advisors' Guide to Planned Giving By Kathryn W. Miree, JD Practical guidance for all professionals advising donors or charities on financial issues and charitable giving. This guide provides the legislative, regulatory, and judicial developments that are most important to professionals concerned with tax-exempt organizations. It includes the facts and tools you need to complete your research: IRS Letter Rulings, Revenue Rulings, and Notices Figures from the American Association of Fundraising Counsel Foundation Updated database, software, and publications vendor lists New gift substantiation requirements under The American Jobs Creation Act of 2004 Information on charitable reverse split-dollar, dead pools, and investor owned life insurance (IOLI) And much more! Sample annotated forms section -- about 200 pages on companion CD walks you through preparation Highlights section keeps you up-to-date on recent laws and rulings In-depth discussions and analysis of new rules help you practice compliantly And much more! Publishes: September, about 1,200 pages, loose-leaf. 70 CD-ROM Publishes: November, about 900 pages. Current Law Handybooks* An outstanding value... and great way to build a strong, comprehensive library of powerful tax resources! Receive CCH's most popular tax titles during the course of the year for less than half of the cover price. You'll get the most current editions of titles such as: U.S. MasterTM Tax Guide State Tax Handbook Top Multistate Tax Issues Course U.S. Master Depreciation Guide TM TM Tax Planning Strategies Understanding IRS Communications Corporation-Partnership-Fiduciary Filled-In Tax Return Forms Individuals' Filled-In Tax Return Forms Guide to Record Retention Requirements Federal Income Taxes of Decedents, Estates and Trusts Top Federal Tax Issues Course 2007 Tax Calendar Car, Travel & Entertainment and Home Office Deductions *Titles subject to change. U.S. Master Estate and Gift Tax Guide Federal Estate & Gift Taxes: Code and Regulations, Including Related Income Tax Provisions Income Tax Regulations Internal Revenue Code Law, Explanation and Analysis of the Tax Relief and Reconstruction Act of 2006 CPE State Tax Guidebook Subscription Library Plan The best value for practitioners dealing with multistate taxation! This plan provides you with all 15 industry-leading state tax guidebooks. California Colorado Connecticut Florida Illinois Maryland Massachusetts Michigan New Jersey New York North Carolina Ohio Pennsylvania Texas Virginia CPE U.S. MasterTM Guide Subscription Library Plan The complete line of CCH's helpful tax and accounting U.S. MasterTM Guides at more than half off the regular cover price. When you subscribe to the Plan, you'll receive all of the CCH tax and accounting-related U.S. MasterTM Guides currently available. Then, throughout the year, you'll receive all new editions published within your subscription period. U.S. Master Tax Guide U.S. MasterTM Accounting Guide U.S. MasterTM Bank Tax Guide U.S. MasterTM Compensation Tax Guide U.S. MasterTM Depreciation Guide U.S. MasterTM Estate and Gift Tax Guide U.S. MasterTM GAAP Guide U.S. MasterTM Property Tax Guide U.S. MasterTM Multistate Corporate Tax Guide U.S. MasterTM Sales and Use Tax Guide CPE To order call 1 800 248 3248 or visit CCHGroup.com/Books 71 BOOK LIBRARY PLANS CCH Learning Center CCH Learning Center provides a variety of ways to earn CPE. Through CCH Learning Center, you can access online CPE subscriptions, online grading for CCH print courses, web-based downloadable self-study courses or live-streaming podcasts and audio seminars. CPE Subscriptions: Get unlimited access to a complete library of Learning Center web-based CPE courses. A subscription allows you to enroll in any course in your library at no additional charge. Choose from our CCH Learning Center Core Library for a selection of overview courses or opt for those in our Specialty Libraries that provide more specialized coverage. CCH Testing Center: Instant online grading for our print courses. CONTINUING PROFESSIONAL EDUCATION Online Self-Study: Select specific courses to complete instead of a full library. Audio Seminars: Listen to the latest discussions on tax and accounting topics. Learn more by visiting cch.learningcenter.com. Benefit from: Superior content Direct links into * Accounting Research Manager (ARM) and * CCH Internet Tax Research NetWorkTM (TRN) 24/7 access Wide range of up-to-date courses Expert authors Convenient print formats * Requires subscription to TRN and ARM to access linked materials CCH is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste 700, Nashville, TN, 37219-2417. CCH is registered with NASBA as a Quality Assurance Service sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste 700, Nashville, TN, 37219-2417. CCH is a State bar of California approved MCLE provider. CCH courses are accepted for CLE credit in New York. For more information regarding administrative policies such as complaint resolution and refunds, please contact CCH Customer support at 1 800 248 3248 or support.cch.com. Visit cch.learningcenter.com to try a free class and earn CPE credit 72 Top Accounting Issues CPE Course* Designed to help CPAs stay abreast of the most significant new standards and important trends in accounting. It identifies the events that have developed into hot issues and identifies the opportunities and pitfalls presented by the changes. Publishes: October, about 200 pages. Top Financial and Estate Planning Issues CPE Course* Written by top experts in the field, the course offers timely coverage, in-depth analysis, and helpful strategies to keep a step ahead of important issues impacting wealth management. The course addresses a wide range of wealth management issues, from life insurance to post-mortem planning. Top Auditing Issues CPE Course* This text-based course provides the top quality auditing review and analysis that every practitioner needs to make sure they are not missing developing auditing issues -- or susceptible to being caught unaware by a brewing controversy. Publishes: September, about 250 pages. Top Multistate Tax Issues CPE Course* This text course provides explanations of significant laws, regulations, decisions and issues that affect multistate compliance and tax planning. This is the top quality tax review and analysis that every state tax practitioner needs to keep a step ahead. Publishes: April, about 250 pages. Top Federal Tax Issues CPE Course* This resource helps keep practitioners aware of significant new tax rules and changes by explaining those provisions in new tax legislation and new IRS rules, regulations and developments that need to be understood and considered for the coming tax year. Publishes: October, about 375 pages. *Practitioners may earn CPE credit by successfully completely and submitting the Final Exam answer sheets for grading. (An additional fee applies for each answer sheet submitted for CPE grading and administration.) Visit CCHGroup.com/CPECredit for course requirements and credit information. To order call 1 800 248 3248 or visit CCHGroup.com/Books 73 CONTINUING PROFESSIONAL EDUCATION Publishes: April, about 200 pages. Essentials of Federal Income Taxation for Individuals and Business By Linda M. Johnson, PhD, CPA A compliance based federal tax textbook that offers comprehensive content, effective study aids and valuable ancillaries -- at an affordable price. It introduces basic tax concepts and then fully illustrates them with clear examples and helpful filled-in forms. Offers enhanced coverage of business tax issues: C corporations and Form 1120, and flow-through entities and Forms 1165 and 1120S. Includes: Concise presentation that covers all the basic material required for an introductory tax course Organization that clearly focuses student attention on key concepts and important learning objectives for better overall comprehension Illustrated IRS forms, schedules and worksheets that develop real-world tax preparation skills Tax Tips throughout that offer tax-planning guidance, so students see how to minimize tax liability and avoid costly taxpayer mistakes End of chapter questions and problems that reinforce the salient points presented, as well as key skills required in tax prep TEXTBOOKS/STUDY GUIDES Publishes: December, about 600 pages. Federal Taxation: Basic Principles Editors Professors Ephraim P. Smith, Philip J. Harmelink and James R. Hasselback A popular first-level tax course textbook that provides concise explanation of fundamental tax concepts, including both tax planning and compliance. It strikes a balance between the AICPA model curriculum (focused on business tax) and the approach favored by many faculties (fundamentals, building toward the complex). It covers the core tax concepts and principles of individual taxation and includes: Federal Taxation: Comprehensive Topics Editors Professors Ephraim P. Smith, Philip J. Harmelink and James R. Hasselback An ideal first and second level tax course. In one comprehensive volume, this textbook provides coverage of the most important tax concepts and principles for a solid grounding in federal taxation. This book includes the core 16 chapters of Basic Principles plus 8 chapters on business entities (partnerships, corporations, S corps). There's also a chapter on multi-jurisdictional taxation. It's one of the best texts available with: Updates on new legislation that took place throughout the year (such as hurricane relief, energy, transportation, technical corrections and other tax developments ) Numerous real-world examples Learning and ancillaries for teachers and students Easy-to-comprehend, straightforward language to improve student comprehension Emphasis placed on the most important topics that have the greatest real-world impact Coverage of important new legislation (the Tax Relief and Health Care Act of 2006, the Pension Protection Act of 2006, and the Tax Increase Prevention and Reconciliation Act of 2005) Learning ancillaries for teaches and students Publishes: April, about 700 pages. CD-ROM Publishes: April, about 1,250 pages. CD-ROM 74 Federal Income Tax: Code and Regulations (Selected Sections) By Martin B. Dickinson This title provides, in one volume, the provisions most commonly addressed in income tax courses. This popular volume reflects the collective judgment of seven distinguished tax teachers and provides an effective mix of official materials for individual and business undergraduate and graduate tax courses offered in law and business schools. Filled with time-saving features, such as: Large 7-1/4" x 10" oversized page format Shortcut table for computation of corporation income taxes Cross-references -- all Code sections that are indexed for inflation are flagged and cross-referenced to material providing the CPI-adjusted numbers for 2006 Footers that indicate specific Code subsections, i.e. Sec. 271(e) and specific Regulation subparagraphs, i.e. Reg. Sec. 1.706-1(c)(3) Current legislation and regulations enacted or adopted on or before June of each year Publishes: July, about 1,700 pages. Federal Tax Course Written and edited by CCH tax law editors and a panel of tax teachers, this course approaches the study of taxation from the perspective of the student who will become a business person faced with business decisions that are inevitably affected by tax considerations. Covers many items that pertain specifically to businesses, such as inventory valuation, sole proprietorships and pass-through entities that are usually not discussed in a traditional undergraduate tax textbook. Learning ancillaries include: International Income Taxation: Code and Regulations (Selected Sections) Compiled by a team of distinguished law professors, this reference serves both students and practitioners in accessing the laws and regulations for U.S. international tax. For students, this is a popular companion to an international tax coursebook for use in undergraduate or graduate courses in law and business schools. For practitioners, the book is an exclusive convenient desk reference. Benefits include: Hundreds of examples that show how rules are applied in practice Real-life examples on Internal Revenue Code, Income Tax Regulations, court cases, interpretive rulings Free teaching package Publishes: May, about 700 pages. Large 7-1/4" x 10" format with new larger type fonts for enhanced readability Inclusion of only those provisions of the Internal Revenue Code and Income Tax Regulations directly related to the U.S. taxation of foreign entities and the U.S. taxation of domestic entities that have income from sources outside the country Digestible coverage -- sections included are those deemed to be essential to international tax teachers, students and practitioners Publishes: August, about 2,000 pages. To order call 1 800 248 3248 or visit CCHGroup.com/Books 75 TEXTBOOKS/STUDY GUIDES CPA Practice Management Forum CPA Practice Management Forum features the best practices, tips and advice from the nation's leading practice management experts, as well as comprehensive, in-depth columns and articles and the latest changes affecting the accounting industry. Coverage includes practice development, marketing, staffing, technology and other key concerns for managing partners. Topics include: Public Accounting Report Public Accounting Report (PAR) is the leading provider of competitive intelligence for public accounting firms and the profession. PAR is renowned for its straightforward reporting and analysis of the news, developments and trends that have defined the profession. Each issue is packed with timely information you can use to benchmark how your firm is performing. Topics include: PRACTICE MANAGEMENT AND DEVELOPMENT TOOLS "In the trenches" coverage of issues facing CPAs during turbulent times The latest changes affecting the accounting industry and how they affect your firm Monthly coverage of the best ideas from the nation's leading CPA practices Ideas for getting the most out of your staff The annual Top Accounting Firms survey Breaking news, in-depth firm profiles, mergers and acquisitions Competitive intelligence Niche practices and product launches And much more! Publishes: Monthly, about 24 pages per issue. Also available as a Print/Internet bundle. Publishes: Bi-monthly, about 8 pages per issue. Also available on the Internet. CPA's Multistate Guide to Ethics and Professional Conduct By Michael Crawford, CPA and D. Scot Loyd, CPA This new guide provides certified public accountants, and accounting or auditing organizations with a single reference source for the wide-ranging ethics professional standards promulgated by the various standardsetting bodies--both national and state-by-state. The book promotes ethical conduct within the accounting profession with ethics concepts, interpretive material, and practical examples. It offers both a technical and in-depth review of professional conduct as it applies to practitioners and CPAs who work in an industry setting. Publishes: October, about 500 pages. Guide to Record Retention Requirements A single-source reference to keep individuals and businesses apprised of federal recordkeeping provisions as prescribed by the various agencies in the Code of Federal Regulations. The Guide outlines and explains in digest form which records must be kept, whether electronic records are legally acceptable, who must keep the records, and how long they must be kept. To save research time: Each requirement is referenced to its corresponding citation in the Code of Federal Regulations The Guide's arrangement and numbering system corresponds to the numbering in the CFR Topical index points you to the information you need Changes affecting recordkeeping regulations as amended in the daily issues of the Federal Register are incorporated Publishes: September, about 600 pages. 76 Business Expense Log Anyone who uses a car, travels away from home, entertains, or makes a gift for business reasons needs to substantiate the expense in order to claim a tax deduction. The first rule of substantiation is good recordkeeping, and CCH's Business Expense Log provides a convenient way of meeting the recordkeeping requirements. Updated and published annually, it makes a great handout and includes: Tax Calendar Overview of recordkeeping and basic travel and entertainment deduction rules Diary pages for tracking auto mileage and expenses, monthly recap sheets, and reimbursement tracking sheets How to determine the basis of a car used for business purposes to compute allowable depreciation deductions Depreciation deduction for computers and handy computer time log sheets Sample filled-in diary expenses Exact due dates, taking into account holidays and weekends A chart for fiscal-year return dates Listing of key form numbers and titles Publishes: December, about 32 pages. 6"x 9". Publishes: August, about 64 pages. 3-7/8" x 8-1/4" saddle-stitched. Tax Legislation 2006: Highlights of 2006 Tax Law Changes The perfect tool for tax practitioners, tax preparers, financial services firms, financial planners and others to inform clients of the many important new tax changes, build goodwill, and increase fee income. This concise, plain-English booklet describes the major tax changes affecting individuals and businesses in 2006 as a result of the Tax Increase Prevention and Reconciliation Act and the Pension Protection Act. It offers sound guidance on how various taxpayer groups and situations are affected. Published: September 2006, 48 pages. 3-7/8" x 8-1/4" saddle-stitched. To order call 1 800 248 3248 or visit CCHGroup.com/Books 77 CLIENT MARKETING AND DISTRIBUTION BOOKLETS This handy booklet is a great tool to help professionals and their clients plan for and track important tax dates. This unique Tax Calendar lists due dates for filing tax forms and depositing federal taxes, and provides the information in a convenient, easy-to-use calendar book. Full-page monthly calendars indicate the date that forms are due with a description of the forms on the facing page. The Tax Calendar provides: A Accounting Desk Book ................................................... 46, 60 Accounting Irregularities and Financial Fraud ........... 46, 54 CCH Accounting for Business Combinations, Goodwill and Other Intangible Assets ........................... 46 CCH Accounting for Compensation Arrangements ........ 46 CCH Accounting for Derivatives and Hedging ................. 47 CCH Accounting for Financial Assets and Liabilities ....... 47 CCH Accounting for Income Taxes ..................................... 47 CCH Accounting for Leases .................................................. 47 All States Quick Answers ...................................................... 34 Almanac of Business and Industrial Financial Ratios ...... 60 Asset Protection Planning Guide ........................................ 62 Asset Protection Strategies .................................................. 62 Audit Committees: A Guide for Directors, Management, and Consultants ....................................... 54 Audit Procedures .................................................................... 54 Auditor's Risk Management Guide: Integrating Auditing and ERM ......................................... 55 CPA Practice Management Forum ............................... 48, 76 CPA's Guide to Effective Engagement Letters .................. 55 CPA's Guide to Management Letter Comments .............. 56 CPA's Guide to Quality Control and Peer Reviews........... 56 CPA's Multistate Guide to Ethics and Professional Conduct .................................................................................76 Current Law Handybooks ...................................................... 71 D Drafting the Estate Plan: Law and Forms .......................... 63 E Essentials of Federal Income Taxation for Individuals and Business ........................................ 4, 20, 74 Estate & Gift Tax Handbook................................................. 63 Estate and Retirement Planning Answer Book ................. 64 Estate Planner's Guide to Income in Respect of a Decedent .......................................................................... 64 Estate Planning ....................................................................... 63 Executive's Tax & Management Report ..............................10 1040 Express AnswersTM ...................................................18, 35 1041 Express AnswersTM ...................................................18, 35 1065 Express Answers .......................................................8, 35 1120S Express AnswersTM ...................................................8, 35 B INDEX Business Expense Log .............................................................77 Business Quick Answers ....................................................9, 34 Business Tax Answer Book ....................................................10 Business Valuation Guide.......................................................61 F Family Foundation Handbook ............................................. 70 Family Trust Planning Guide................................................. 64 Federal and State Taxation of Limited Liability Companies ............................................................................ 11 Federal Estate and Gift Taxes: Code and Regulations, Including Related Income Tax Provisions ................. 4, 64 Federal Exempt Organization Taxation: Code and Regulations Including Related Income Tax Provisions .. 22 Federal Income Taxation of Debt Instruments .............4, 28 Federal Income Taxation of Estates, Trusts & Beneficiaries ........................................................................ 65 Federal Income Tax: Code and Regulations (Selected Sections) .............................................................75 Federal Taxation: Basic Principles.........................................74 Federal Taxation: Comprehensive Topics ............................74 Federal Taxation Practice and Procedure............................16 Federal Tax Audio Advisor ........................................................3 Federal Tax Compliance Manual.............................................5 Federal Tax Course ..................................................................75 Federal Tax Course: A Guide for the Tax Practitoner ..........3 Federal Tax Course Letter .......................................................3 Federal Tax Study Manual ........................................................3 Fiduciary Duties and Liabilities: Tax and Trust Accountant's Guide................................... 65 Financial Instruments: A Comprehensive Guide to Accounting and Reporting......................................... 28, 48 C California Income Tax Laws and Regulations Annotated ............................................................................ 38 California Income Tax Manual ............................................. 38 California Property Tax ................................................... 26, 38 California Tax Analysis: Corporation Tax ............................ 39 California Taxes, Guidebook to ..................................... 36, 39 Car, Travel & Entertainment, and Home Office Deductions .......................................... 20 Charitable Giving Answer Book ........................................... 70 Charitable Trusts ..................................................................... 70 Closely Held Businesses in Estate Planning ...................... 62 Compilations & Reviews ....................................................... 55 Colorado Taxes, Guidebook to ............................................. 36 Connecticut Taxes, Guidebook to ....................................... 36 Consolidated Returns Guide .................................................10 Construction Guide: Accounting and Auditing.... 30, 48, 55 Construction Guide: Tax and Advisory Services ............... 30 Construction Guide Combo ................................................ 30 Corporate Business Taxation Monthly ................................10 Corporate Controller's Handbook of Financial Management .......................................................61 Corporate-Partnership-Fiduciary Filled-in Tax Return Forms ................................................ 35 CPA Government & Nonprofit Report ............................... 22 78 Financial and Estate Planning Guide .................................. 65 Financial Planning Answer Book.......................................... 65 Financial Products: Taxation, Regulation and Design .... 29 Florida Taxes, Guidebook to ................................................. 36 Forensic and Investigative Accounting........................ 48, 56 K Knowledge-Based Audits of Commercial Entities ........... 58 L Law, Explanation and Analysis of the Pension Protection Act of 2006 .........................................7 Law and Explanation of the Tax Relief and Reconciliation Acts of 2006 ........................................7 CCH Learning Center ..............................................................72 Limited Liability Companies, Guide to ................................ 11 Local Government Audits and Single Audits .................... 59 G GAAP Complete Library ........................................................ 49 GAAP Guide Level A ............................................................... 49 GAAP Guide Levels B, C, and D ........................................... 49 GAAP Financial Statement Disclosures Manual .............. 50 GAAP Handbook of Policies and Procedures .................... 50 GAAP Update Service ............................................................ 49 GAAS Guide ..............................................................................57 GAAS Practice Manual ...........................................................57 GAAS Update Service .............................................................57 Governmental GAAP Guide ................................................. 50 Governmental GAAP Practice Manual ............................... 50 Governmental GAAP Update Service ..................................51 M M&A Tax Report ...................................................................... 11 Maryland Taxes, Guidebook to ............................................ 36 Massachusetts Taxes, Guidebook to ................................... 36 Michigan Taxes, Guidebook to ............................................. 36 Multistate and Multinational Estate Planning ................. 66 Multistate Corporate Tax Guide ...........................................12 Multistate Corporate Tax Guide -- Mid-Year Edition .......12 Multistate Guide to Estate Planning .................................. 67 Multistate Guide to Regulation and Taxation of Nonprofits ........................................................................... 22 Multistate Guide to Sales and Use Tax Audits .................. 42 Multistate Guide to Sales and Use Tax: Construction ................................................................31, 42 Manufacturing .............................................................31, 42 Multistate Tax Guide to Pass-Through Entities .................12 H Handbook of Financial Analysis, Forecasting and Modeling ...................................................................... 58 I Illinois Taxes, Guidebook to .................................................. 36 Income Taxation of Fiduciaries and Beneficiaries ............ 66 Income Tax Regulations ...........................................................2 Individuals and Small Businesses: Tax Planning Guide ..... 21 Individuals' Filled-in Tax Return Forms .............................. 35 Information Technology Audits ........................................... 58 Internal Controls Guide ......................................................... 58 Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes ............................................2 International Accounting Financial Reporting Standards Guide ...........................................................44, 51 International Income Taxation: Code and Regulations (Selected Sections) ............ 44, 75 International Taxation: U.S. Taxation of Foreign Persons and Foreign Income.............................. 44 International Tax Journal ...................................................... 44 IRS Tax Collection Procedures...............................................16 N New Jersey Taxes, Guidebook to ......................................... 36 New York State Corporation Tax Law and Regulations.............................................................. 12, 40 New York State Personal Income Tax Law and Regulations ................................................................. 40 New York State Sales and Use Tax Law and Regulations .................................................................. 40 New York State Tax Law .........................................................41 New York Taxes, Guidebook to ......................................36, 41 North Carolina Taxes, Guidebook to .................................. 36 Not-for-Profit Organization Audits with Single Audits ....................................................... 23, 59 Not-for-Profit Reporting................................................. 23, 51 J Journal of Passthrough Entities ............................................ 11 Journal of Practical Estate Planning ................................... 66 Journal of Retirement Planning ........................................... 66 Journal of State Taxation .......................................................37 Journal of Taxation of Financial Products .......................... 29 Journal of Tax Practice and Procedure ................................16 O Ohio Taxes, Guidebook to .................................................... 36 Oil and Gas: Federal Income Taxation ................................31 To order call 1 800 248 3248 or visit CCHGroup.com/Books 79 INDEX P Pennsylvania Taxes, Guidebook to ...................................... 36 Pension Protection Act of 2006, Text of H.R. 4 and JCT Explanation....................................7 Practical Guide to: Consolidated Returns .........................................................13 Cost Segregation .................................................................13 Estate Planning ................................................................... 67 Federal Tax Practice Standards .........................................16 Like-Kind Exchanges Under Code Section 1031 ............27 Mergers, Acquisitions and Business Sales ......................13 Partnerships and LLCs ........................................................13 Real Estate Taxation............................................................27 Research and Development Tax Incentives -- Federal, State and Foreign .................................................14 Resolving Your Clients' Tax Liabilities: Tax Code and Bankruptcy Code Remedies............... 17, 21 S Corporations .....................................................................14 Sec. 199 Deduction ......................................................14, 32 Transfer Pricing Rules and Compliance.......................... 45 U.S. Taxation of International Transactions, ................ 45 706/709 Preparation and Planning Guide ...........19, 33, 62 1040 Preparation and Planning Guide .........................19, 33 1041 Preparation and Planning Guide..........................19, 33 1065 Preparation and Planning Guide ...........................9, 33 1120 Preparation and Planning Guide ............................8, 34 1120S Preparation and Planning Guide .........................8, 34 Price on Contemporary Estate Planning ............................ 67 Professional Advisors' Guide to Planned Giving .............. 70 Property Tax Alert Newsletter ............................................. 26 Public Accounting Report ...............................................52, 76 T Tax Accounting in Mergers and Acquisitions .............. 15, 52 Tax and Wealth Strategies for Family Businesses ............ 68 Taxation of Compensation and Benefits, .......................... 24 Taxation of Individual Retirement Accounts ............. 25, 69 Taxation of the Entertainment Industry ..................... 32, 39 Tax Calendar ......................................................................35, 77 Tax Compliance for Tax-Exempt Organizations .............. 23 Taxes -- The Tax Magazine ....................................................5 Tax Legislation 2006: Highlights of 2006 Tax Law Changes .......................... 7, 77 Tax Planning for Troubled Corporations .............................15 Tax Planning Strategies: Tax Savings Opportunities for Individuals and Families...............................................21 Tax Shelter Alert Newsletter ................................................. 17 Texas Taxes, Guidebook to.................................................... 36 Top Accounting Issues CPE Course ..................................... 73 Top Auditing Issues CPE Course .......................................... 73 Top Federal Tax Issues CPE Course...................................... 73 Top Financial and Estate Planning Issues CPE Course..... 73 Top Multistate Tax Issues CPE Course ................................ 73 Transfer Pricing: Rules and Compliance Handbook......... 45 INDEX U Understanding IRS Communications .................................. 17 U.S. MasterTM Accounting Guide........................................... 53 U.S. MasterTM Bank Tax Guide ............................................... 32 U.S. MasterTM Compensation Tax Guide ............................. 25 U.S. MasterTM Depreciation Guide .........................................15 U.S. MasterTM GAAP Guide .................................................... 53 U.S. MasterTM Guide Subscription Library Plan ................... 71 U.S. MasterTM Estate and Gift Tax Guide ............................. 69 U.S. MasterTM Excise Tax Guide ..............................................15 U.S. MasterTM Multistate Corporate Tax Guide ..................15 U.S. MasterTM Property Tax Guide ....................................... 26 U.S. MasterTM Sales and Use Tax Guide ............................... 43 U.S. MasterTM State Tax Practice and Procedure Guide .... 17 U.S. Master Tax Guide .............................................................2 R Record Retention Requirements, Guide to ........................76 Retirement Benefits Tax Guide ..................................... 24, 68 Retirement Planning Guide .................................................. 68 Revenue Recognition Guide ................................................. 52 S S Corporation Taxation Guide ...............................................14 Sales and Use Tax Alert Newsletter .................................... 43 Sales and Use Tax Answer Book........................................... 43 SEC Disclosures Checklists ................................................... 52 SOX 404 for Small, Publicly Held Companies ................. 59 State Income Tax Alert Newsletter ....................................37 State Tax Guidebooks ............................................................ 36 State Tax Guidebook Subscription Library Plan ......... 36, 71 State Tax Handbook................................................................37 Stock Options: Estate, Tax and Financial Planning .......... 68 V Virginia Taxes, Guidebook to................................................ 36 W Wealth Management: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients .................................................................. 69 80 Ordering Information 2 EASY WAYS TO ORDER! Visit our online store at CCHGroup.com/Books Or Call 1 800 248 3248, Priority Code GCY5678 SCHOOL AND SCHOOL BOOKSTORE ADOPTION ORDERS CCH has a wide variety of publications designed specifically for text use in schools. In addition, we offer many books of special interest and importance to schools and instructors which are widely used for study, reference and supplemental reading. Schools and school bookstores that order CCH books in quantities for classroom texts receive a special adoption discount on most titles. For more information on school titles, please call us at 1 800 248 3248. PRIORITY CODE: GCY5678 In order to provide you with more efficient service, we've assigned a special priority code to you. You'll find it listed above. Please include this number when ordering by phone or on-line. CONTINUING PROFESSIONAL EDUCATION (CPE Program) CCH is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste 700, Nashville, TN, 37219-2417. CCH is registered with NASBA as a Quality Assurance Service sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste 700, Nashville, TN, 37219-2417. CCH is a State bar of California approved MCLE provider. CCH courses are accepted for CLE credit in New York. 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If for any reason you are not 100% satisfied with your purchase, you may return it for a full refund within 30 days. (Guarantee valid on quantities less than 50 only.) OTHER PUBLICATIONS AND PRODUCTS CCH offers more than 700 print and electronic products, all designed to help maximize your business efforts. From federal tax and pension to health and business law, you'll find products in print, CD, online and on the Internet to meet your information needs. For more information on these and other products, visit CCHGroup.com or call 1 800 449 8114. Contact Us Today Visit CCHGroup.com/Books to make your purchase in a secure transaction over the Internet. CCH is your single source for the best tax and accounting tools, information, software and publications. Online Store: Easy ordering through a secure connection Product Information: Comprehensive online catalog, plus demos, evaluation software and free trials Tax News: Sign up for daily delivery of free tax news headlines CPE Credit: Link to the CCH Learning Center to earn CPE credit online To place an order, call 1 800 248 3248. Our hours are Monday Friday, 8:00 a.m. to 6:00 p.m. CST. CCH SATISFACTION GUARANTEE If for any reason you are not completely satisfied with your purchase, simply return it within 30 days and we'll refund the full amount. Guarantee good on order quantities less than 50 only. For subscription products, simply return your invoice marked "cancel" within 30 days to receive a full refund. 4025 W. Peterson Avenue Chicago, IL 60646-6085 CCHGroup.com/Books ACS 90088605 6/07 2007 CCH. All Rights Reserved. ...
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This note was uploaded on 03/31/2012 for the course TAX 4001 taught by Professor Robertmcgee during the Spring '09 term at FIU.

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