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The Encyclopedia of Investment Taxation and Year-Round Tax Planning Guide.

Soderman, a project manager in the tax area of the American Institute of CPAs continuing education division, has summarized the tax provisions for a variety of investement vehicles (options, municipal bonds, government securities and so on) in an easily understandable format that will be especially appreciated by readers who are not tax specialists. Applicable sections of the Internal Revenue Code and regulations are cited in the text for those needing additional information. Considerable space is devoted to personal tax planning as well, with many useful tips about accelerating deductions, retirement planning and the tax and financial advantages that are available from life insurance.

The author also examines ways to reduce the impact of the alternative minimum tax and tax pitfalls such as "hobby" losses and revenue and expenses associated with passive activities. Accountants and others who have a basic familiarity with tax issues will find this very useful as a planning tool and reference work.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Fogg, Stephen L.
Publication:Journal of Accountancy
Article Type:Book Review
Date:Nov 1, 1991
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