Income Tax Planning

Income Tax Planning - 14th Edition ISBN: 978-1-946711-47-2

Stay informed with the most up-to-date information! New content in this latest and greatest edition:

  • All text, exhibits and examples updated with 2021 numbers.
  • Added summary of the CARES Act of 2020, the Consolidated Appropriations Act (CAA) of 2021, and the American Rescue Plan Act (ARPA) of 2021.
  • Noted TCDTRA 2020 temporary changes to FSA grace periods and carryovers.
  • Noted ARPA temporary changes to dependent care FSA.
  • Added CARES Act and TCDTRA expansion of employer-provided education assistance.
  • Added section on CARES Act and TCDTRA temporary above-the-line deduction for charitable contributions.
  • Added CARES Act and TCDTRA temporary increase to deduction ceiling for cash contributions to a qualified charity.
  • Added ARPA 2021 changes to child and dependent care credit for 2021.
  • Added ARPA 2021 changes to child tax credit for 2021.
  • Added ARPA 2021 changes to earned income tax credit for 2021.
  • Added ARPA 2021 permanent increase of investment income limit for EITC.

This is just to name a few! Many more significant updates are included in the 14th edition!



How many Ph.Ds, JDs, CPAs, CFPs and CFAs does it take to write a really, really good text on income tax planning?

Two, two, two, three, and one, respectively. Plus, every one of the text’s authors has taught and practiced individual tax. That’s a lot of brainy, real-world perspective packed into one book. Anyone who reads this text will come away with the confidence of understanding the Form 1040 and knowing how to competently prepare a return.

Inside Income Tax Planning is the history of the income tax and the contribution to tax revenue from business, individual, employee and transfer taxes. Plus, the text’s presentation of The Triads of Tax actually makes it easy to understand the Internal Revenue Code. Also included is a comprehensive overview of the tax implications due to the Affordable Care Act.

This professional income tax planning perspective services multiple applications:

  • In an income tax planning course as part of a comprehensive curriculum in financial management or financial management
  • As a reliable and comprehensive reference for practicing financial professionals
  • As the planning component in a Masters In Tax program
  • Income Tax Planning also meets all of the educational requirements for an Income Tax Planning course in any CFP Board-registered program



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