The study of tax law can be an intimidating task. Nevertheless, students wil find that being proficient in tax law can be very rewarding and prepares students for valuable career opportunities as accounting, tax advisors, and business consultants. Once a student understands the organization of the Internal Revenue Code and the overall method of determining an individual taxpayer's tax liability, learning the more complex parts of the tax law can be put in perspective and approached in a more structured manner.
Individual Taxation
is designed for undergraduate students engaged in their initial study of the taxation of individuals. The text is intended for use in a single semester course. The purpose of this text is to present the fundamentals of determining gross income, exclusions, deductions, credits, etc. To accomplish this purpose, the text does not contain a comprehensive coverage of all possible unique exceptions and transactional variations. As a result, students can better understand the core important concepts rather than focusing on memorizing never-ending rules that often change. Straight-forward
examples illustrate the impact of tax laws on common situations. Being proficient with the material contained in this text is essential for accounting students looking to advance their careers.
The following features highlight the approach of this text:
• Reader-friendly language
• Simple math so the student can focus on the concept, not the math
• Shorter chapters to enhance retention and minimize reader fatigue
• Direct quotations from the Internal Revenue Code so the student becomes familiar with it
• Practical questions and problems
• Straightforward tax return problems
• Affordable text that provides enough material to cover a semester of study, but not so much
that the instructor cannot effectively cover it all