Graetz (tax law, Columbia Law School) et al. introduce law students to the general principles and forces shaping federal income tax, explaining the history of taxation in the US, income terminology, deductions and credits, capital gains, accounting methods, and the ethical responsibilities of tax lawyers. Cases are supplemented with excerpts from congressional reports, administrative pronouncements, and commentaries and analyses of tax issues, as well as explanatory notes introducing fundamental concepts. The eighth edition addresses the special deduction applicable to qualified business income added by the 2017 legislation. Annotation ©2019 Ringgold, Inc., Portland, OR (protoview.com)
