{"product_id":"fundamentals-of-taxation-for-individuals-and-business-entities-with-ebook-access-code-isbn-9781394358090","title":"Fundamentals of Taxation for Individuals and Business Entities, with eBook Access Code","description":"\u003cp\u003e\u003cb\u003eAn innovative approach to understanding the federal income tax laws and using them to develop tax-efficient strategies for individuals and businesses.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003ePresent the \u003ci\u003ebig picture\u003c\/i\u003e with a practice-based approach to understanding tax laws so students can develop critical thinking and problem-solving skills that prepare them for the real world. \u003ci\u003e\u003cb\u003eFundamentals of Taxation — Individuals and Business Entities, 2026 Edition\u003c\/b\u003e\u003c\/i\u003e introduces a logical foundation for the income tax system so students can understand why a law exists and how to apply the law to practical tax problems. Professional skill-building exercises develop critical thinking and communication skills and the ability to identify and address ethical dilemmas, preparing students to be effective tax professionals. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWILEY ADVANTAGE\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eFeatures \u003ci\u003eProfessional Skill-Building Exercises\u003c\/i\u003ethat focus on tax-planning skills, analytical skills, research skills, communication skills, and the ability to identify and address ethical dilemmas\u003c\/li\u003e\n\u003cli\u003ePrepares students for their careers and the CPA Exam with \u003ci\u003eTask-Based Simulation Problems\u003c\/i\u003e that include realistic source documents such as 1099s, W-2s, invoices, and legal agreements that students use to solve problems\u003c\/li\u003e\n\u003cli\u003eTeaches tax planning skills through real-world cases, \u003ci\u003eSpotlight on the Tax Law\u003c\/i\u003e boxes, and Excel exercises that stimulate critical analysis and evaluation\u003c\/li\u003e\n\u003cli\u003eCreates a realistic environment to teach students how to apply their knowledge that will transfer to job-ready skills with \u003ci\u003eTax Form and Tax Return Problems\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eIncludes instructor and student companion sites with an extensive collection of additional resources, such as lesson plans, a \u003ci\u003eSolutions Manual\u003c\/i\u003e, presentation slides, practice quizzes, downloadable forms, and spreadsheets.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eAN INTERACTIVE, MULTIMEDIA LEARNING EXPERIENCE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThis textbook includes access to an interactive, multimedia e-text. Icons throughout the print book signal corresponding digital content in the e-text. \u003c\/p\u003e\u003cp\u003eVideos: \u003ci\u003e\u003cb\u003eFundamentals of Taxation — Individuals and Business Entities\u003c\/b\u003e\u003c\/i\u003e integrates abundant video content developed to complement the text and engage readers more deeply. \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eContent Review Videos\u003c\/b\u003e provide a detailed review of each learning objective in each chapter and help students learn key concepts and an understanding of tax laws, the big picture, and the \u003ci\u003eWhy\u003c\/i\u003e behind it. \u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eSolution Walkthrough Videos\u003c\/b\u003e created by the authors provide step-by-step instruction on how to complete problems like those in the text.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eDownloadable Figures and Files: Downloadable Content\u003c\/b\u003e appears throughout the E-Book, enabling students to see and work with tax forms, legal agreements, and spreadsheets. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInteractive Self-Scoring Quizzes: Concept Check Questions\u003c\/b\u003e at the end of each section provide immediate feedback, helping readers monitor their understanding and mastery of the material. \u003c\/p\u003e\u003cp\u003eDedication iii\u003c\/p\u003e \u003cp\u003eBrief Contents v\u003c\/p\u003e \u003cp\u003eLearning the Big Picture of Tax to Be a Valued Professional vi\u003c\/p\u003e \u003cp\u003eWhat Are Our Stories? vii\u003c\/p\u003e \u003cp\u003eWhat Makes Our Approach to Learning Tax Distinctive? ix\u003c\/p\u003e \u003cp\u003eAssessment xiii\u003c\/p\u003e \u003cp\u003eConnecting to the Profession xvi\u003c\/p\u003e \u003cp\u003eAn Interactive, Multimedia Learning Experience xviii\u003c\/p\u003e \u003cp\u003ePreparing for the Cpa Exam xix\u003c\/p\u003e \u003cp\u003eFor Instructors xx\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003eTable of Contents xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Introduction to Income Taxation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 The Professional Practice of Taxation 1-1\u003c\/p\u003e \u003cp\u003e2 Fundamentals of the Federal Income Tax System 2-1\u003c\/p\u003e \u003cp\u003e3 Tax Authority, Research, Compliance Rules, and Professional Responsibilities 3-1\u003c\/p\u003e \u003cp\u003e4 Dependents and Filing Status 4-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Income\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5 Framework for Income Recognition 5-1\u003c\/p\u003e \u003cp\u003e6 Income from Personal Activities 6-1\u003c\/p\u003e \u003cp\u003e7 Income from Services 7-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Deductions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Framework for Deductions 8-1\u003c\/p\u003e \u003cp\u003e9 Deductions for AGI and Itemized Deductions 9-1\u003c\/p\u003e \u003cp\u003e10 Business Expenses 10-1\u003c\/p\u003e \u003cp\u003e11 Limitations on Business Losses and Expenses 11-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Taxation of Property Transactions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12 Taxation of Investment Income 12-1\u003c\/p\u003e \u003cp\u003e13 Cost Recovery of Property 13-1\u003c\/p\u003e \u003cp\u003e14 Taxation of Assets Used in a Trade or Business 14-1\u003c\/p\u003e \u003cp\u003e15 Property Transactions: Nonrecognition of Gains and Losses 15-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Other Individual Topics\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16 Personal Tax Credits 16-1\u003c\/p\u003e \u003cp\u003e17 Alternative Minimum Tax and Other Taxes 17-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI CPA Evolution: Core—Tax\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18 Business Entity Topics: CPA Exam Core—Taxation and Regulation 18-1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI (Chapter 18): Comprehensive Tax Return Problem 18-107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppendix A Tax Formula Items A- 1\u003c\/p\u003e \u003cp\u003eAppendix B Tax Forms B- 1\u003c\/p\u003e \u003cp\u003eGlossary G- 1\u003c\/p\u003e \u003cp\u003eIndex I- 1\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eGREGORY A. CARNES\u003c\/b\u003e is the Raburn Eminent Scholar of Accounting at the University of North Alabama. He served as Dean of Sanders College of Business and Technology for 11 years. With a passion for education and taxation, he has dedicated his career to teaching accounting students and guiding them toward successful careers. Specializing in tax, he has taught for over 25 years in CPA review programs and professional tax seminars. In addition to his teaching, he is an accomplished author of tax textbooks and over 30 academic articles. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSUZANNE YOUNGBERG\u003c\/b\u003e joined the faculty at Northern Illinois University as a full-time member in 2000 and is currently teaching in the accounting graduate and undergraduate programs. Prior to joining NIU, she worked for five years in the tax department of a medium-sized public accounting firm and then maintained her own tax practice for 30 years specializing in individual and small business compliance and strategic tax planning. Suzanne received her Bachelor of Science in Accountancy from NIU and her Master of Science in Taxation from DePaul University. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eALSO BY THE AUTHORS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\u003cb\u003eTaxation of Business Entities, 2026 Edition\u003c\/b\u003e\u003c\/i\u003e provides in-depth analysis of the income taxation of business entities, estates, and trusts; and of other advanced topics such as estate and gift taxation, accounting for income taxes, state and local taxation, and the taxation of multijurisdictional businesses.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn innovative approach to understanding the federal income tax laws and using them to develop tax-efficient strategies for individuals and businesses.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003ePresent the \u003ci\u003ebig picture\u003c\/i\u003e with a practice-based approach to understanding tax laws so students can develop critical thinking and problem-solving skills that prepare them for the real world. \u003ci\u003e\u003cb\u003eFundamentals of Taxation — Individuals and Business Entities, 2026 Edition\u003c\/b\u003e\u003c\/i\u003e introduces a logical foundation for the income tax system so students can understand why a law exists and how to apply the law to practical tax problems. Professional skill-building exercises develop critical thinking and communication skills and the ability to identify and address ethical dilemmas, preparing students to be effective tax professionals. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWILEY ADVANTAGE\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eFeatures \u003ci\u003eProfessional Skill-Building Exercises\u003c\/i\u003ethat focus on tax-planning skills, analytical skills, research skills, communication skills, and the ability to identify and address ethical dilemmas\u003c\/li\u003e\n\u003cli\u003ePrepares students for their careers and the CPA Exam with \u003ci\u003eTask-Based Simulation Problems\u003c\/i\u003e that include realistic source documents such as 1099s, W-2s, invoices, and legal agreements that students use to solve problems\u003c\/li\u003e\n\u003cli\u003eTeaches tax planning skills through real-world cases, \u003ci\u003eSpotlight on the Tax Law\u003c\/i\u003e boxes, and Excel exercises that stimulate critical analysis and evaluation\u003c\/li\u003e\n\u003cli\u003eCreates a realistic environment to teach students how to apply their knowledge that will transfer to job-ready skills with \u003ci\u003eTax Form and Tax Return Problems\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eIncludes instructor and student companion sites with an extensive collection of additional resources, such as lesson plans, a \u003ci\u003eSolutions Manual\u003c\/i\u003e, presentation slides, practice quizzes, downloadable forms, and spreadsheets.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eAN INTERACTIVE, MULTIMEDIA LEARNING EXPERIENCE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThis textbook includes access to an interactive, multimedia e-text. Icons throughout the print book signal corresponding digital content in the e-text. \u003c\/p\u003e\u003cp\u003eVideos: \u003ci\u003e\u003cb\u003eFundamentals of Taxation — Individuals and Business Entities\u003c\/b\u003e\u003c\/i\u003e integrates abundant video content developed to complement the text and engage readers more deeply. \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eContent Review Videos\u003c\/b\u003e provide a detailed review of each learning objective in each chapter and help students learn key concepts and an understanding of tax laws, the big picture, and the \u003ci\u003eWhy\u003c\/i\u003e behind it. \u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eSolution Walkthrough Videos\u003c\/b\u003e created by the authors provide step-by-step instruction on how to complete problems like those in the text.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eDownloadable Figures and Files: Downloadable Content\u003c\/b\u003e appears throughout the E-Book, enabling students to see and work with tax forms, legal agreements, and spreadsheets. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInteractive Self-Scoring Quizzes: Concept Check Questions\u003c\/b\u003e at the end of each section provide immediate feedback, helping readers monitor their understanding and mastery of the material.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989264875749,"sku":"NP9781394358090","price":133.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394358090.jpg?v=1761783436","url":"https:\/\/k12savings.com\/products\/fundamentals-of-taxation-for-individuals-and-business-entities-with-ebook-access-code-isbn-9781394358090","provider":"K12savings","version":"1.0","type":"link"}