This clearly written guide helps students understand both the rules & the policy of corporate taxation. By addressing the full array of topics without overwhelming the student, Block creates a study text that professors can recommend with confidence. With a proven approach that has made the Examples & Explanations Series so successful with students, CORPORATE TAXATION: Examples & Explanations offers thorough, clear, lucid text that explores & explains the concepts under consideration. Special Features: Block's new book reflects the latest developments in the field incorporating the most recent tax changes, including The Taxpayer Relief Act of 1997, as well as the earlier "check-the-box" regulations regarding classification of business entities for tax purposes. An accessible summary begins each chapter, previewing what is ahead. Examples, starting with the basics & gradually building in complexity, explore concepts & challenge students to apply them to hypothetical situations based on actual cases. Explanations follow each example & allow students to test their understanding while providing additional insight. Plenty of charts, figures, & other graphics provide helpful visual representations of abstract legal standards & concepts. To be sure your students are using the study aid that provides comprehensive coverage of all key topics, recommend Block's CORPORATE TAXATION: Examples & Explanations.