Concepts in Federal Taxation (New ed)

Gain a solid understanding of the concepts underlying today's federation taxation for individuals and corporations with the 2009 edition of Murphy/Higgins's CONCEPTS IN FEDERAL TAXATION.

This edition presents the latest tax codes and changes within a straightforward, strong conceptual approach that focuses on understanding the unifying concepts behind the tax code, rather than relying heavily on memorizing the details of the code.

Concept Checks break material in comprehensible segments with an emphasis on the conceptual underpinnings that drive today's tax laws, while extensive Examples relate concepts to familiar business scenarios.

More end-of-chapter exercises than any other text of its kind give you a choice of research opportunities and tax return options as you review.

Murphy/Higgins's CONCEPTS IN FEDERAL TAXATION promises a strong balance between tax concepts and the Internal Revenue Code and regulations that prepares you for success on the CPA exam as well as your career.