This book is called The Tax Manual as it covers all principles and practice of taxation in Nigeria. It is the ideal manual for students studying taxation for degree courses or writing professional examinations in Nigeria. Lecturers and Tax practitioners will find the book most valuable. The book is current and straight to the point, devoid of the Nigerian Tax Chronology. The cases at the end of each chapter capture the applications of the principles. Some of the cases are quite lengthy, not particularly the style of examiners, the objectives is to expose users to both principles and dynamics of the practice of taxation.
Contains extensive coverage of the tax issues faced by all types of contractors, including large and small contractors, homebuilders, and other specialty trades, provides you with the clear, concise guidance you need to expertly address your tax issues.
Excerpt from A New Income Tax Manual: Explaining the Requirements of the Federal Income Tax Law and the Treasury Department Regulations With Respect to the Administration Thereof The object of this book is to present a general explanation of the requirements of the Federal Income Tax Law and the Regulations and Rulings of the Treasury Department with respect thereto. Being in the nature of a compilation, it is proper that there should be references to the authority upon which its statements are based, and for this reason numerous references are made to the Law itself, by paragraphs, thus: (Par. E), (Par. G, subd. a), etc.; to the Regulations and Rulings of the Treasury Department, by their respective numbers, thus: (T. D. 1887), (T. D. 1901), etc.; and to the General Regulations by articles, thus: (G. R. 1), (G.R. 2), etc. References are also made to the various forms which have been prescribed by the Department by their numbers, thus (Form 1000), (Form 1001), etc., and to the instructions or special notices, appearing on some of the forms in a similar manner, thus, (Instr. Form 1031), (Instr. Form 1040), etc. These references are invariably to the revised forms which have recently been issued by the Treasury Department and not to earlier forms bearing the same numbers but now obsolete. In addition, references are made to various letters of the Treasury Department containing rulings which have not been embodied in the Treasury Decisions. These letters are published by the Corporation Trust Company of New York in connection with its most efficient Income Tax Service, his indebtedness to which the author takes pleasure in acknowledging. References from one part of the book to another are made by section numbers, thus: (See Sec. 5), (See Sees. 8, 12), etc. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This quick-reference manual lets you help clients take full advantage of their S corporation status and minimize their taxes. it leads you directly to authoritative information on every aspect of the S corporation, enabling you to: Arm the S corporation against the potential tax traps hidden in the Small Business Tax Protection Act. Maximize the tax benefits of S corporation status. Make a qualified Subchapter S Subsidiary (QSub) election. Identify dispositions that will trigger the built-in gains tax. Avoid added tax liability or loss of S corporation status from passive investment income. Capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers. Determine allocation of income, losses, and deductions in the termination year of the S corporation . Plus, there are citations To The controlling rules, regulations, and court decisions that will save you hours of research.
This comprehensive guide to the federal income tax system is an invaluable resource for both individual taxpayers and tax professionals. The author provides detailed explanations of the tax law and treasury regulations along with practical advice for complying with its requirements. The electronic format allows for easy access to the latest updates and revisions. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
