Concepts in Federal Taxation is designed for a more conceptual, less detailed approach to federal taxation of individuals and corporations in an introductory taxation course. This conceptual approach presents taxation as a small number of unifying concepts, stressing the overriding principles that apply to all specific tax rules and regulations. By knowing the underlying concepts that shape tax law, students can understand the wide range of tax rules and regulations without having to commit each one to memory.
LO5 Fala is the sole shareholder of Campbell, Inc. During the current year, Campbell sells Fala land that has a fair market value of $40,000 for $28,000. Campbell had paid $30,000 for the land. What are the tax effects of the sale for ...
You learn the unifying concepts behind the Internal Revenue Code rather than memorizing details of the Code. Concepts and applications throughout this edition appear in brief, comprehensible segments that are ideal for your CPA Exam review.
You examine the latest tax laws and most recent code changes in segments that are ideal for C.P.A. Exam review. This edition also reinforces tax concepts using the Internal Revenue Code to prepare you for C.P.A. Exam tax simulations.
includes H&R Block @ Home CD-ROM
You examine the latest tax laws and most recent code changes in segments that are ideal for C.P.A. Exam review. This edition also reinforces tax concepts using the Internal Revenue Code to prepare you for C.P.A. Exam tax simulations.
Murphy and Higgins take a more conceptual, less technical approach to federal taxation.
You learn the unifying concepts behind the Internal Revenue Code rather than memorizing details of the Code. Concepts and applications throughout this edition appear in brief, comprehensible segments that are ideal for your CPA Exam review.
Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
This edition presents the latest tax laws and changes in a straightforward manner without overwhelming technical detail. To ensure clarity, the book introduces individual taxation before addressing more complex business entities.
The book's small, manageable segments with Concept Checks are ideal for CPA Exam review. This text balances tax concepts with the Internal Revenue Code to prepare readers for success on CPA Exam tax simulations and within their careers.