The law on income taxation : (with illustrations, problems, and solutions) / Hector S. De Leon and Hector M. De Leon, Jr.

General principles -- Concept and items of income -- Exclusive from income -- Special treatment of fringe benefits -- Deduction from gross income -- Items not deductible -- Gains and losses from disposition of property -- Sources of income -- Taxation of individuals -- Taxation of corporations -- Taxation of partnerships and partners -- Taxation of estates and trusts -- Accounting methods -- Filing of returns and payment of tax -- Tax administration and procedure.

"The law on income taxation is a subject characterized by technical and growing intricacies. Aware of this, the authors have prepared this book (now on its 16th edition). While it is intended primarily as a textbook on the subject in colleges and universities, the book can serve as a valuable aid to taxpayers, tax officials, business persons, and practitioners in the solution of legal and accounting problems in income taxation.
Briefly, the aim is to present in one volume a correlated treatment of the provisions of the National Internal Revenue Code, the implementing regulations, the jurisprudence, and administrative prescriptions in the field in a manner that is simplified but authoritative and exhaustive.
The book divides the discussions into numerous topics and subtopics and utilizes the enumeration method for a better and easier grasp of the subject being explained. This arrangement will also enable the instructor to select conveniently the more important aspects he or she may deem worthy of emphasis. As its title indicates, the book is not limited to a mere exposition of theoretical principles and rules on income taxation. Usually, illustrations, tax computations and solutions to designed problems are supplied to ensure student understanding and save classroom time"-- Preface of the book.