Fundamentals of Taxation for Individuals and Business Entities: A Practical Approach

Present the big picture 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. Fundamentals of Taxation -- Individuals and Business Entities, 2026 Edition 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.

AN INTERACTIVE, MULTIMEDIA LEARNING EXPERIENCE

This textbook includes access to an interactive, multimedia e-text. Icons throughout the print book signal corresponding digital content in the e-text.

Fundamentals of Taxation -- Individuals and Business Entities integrates abundant video content developed to complement the text and engage readers more deeply.

• Content Review Videos 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 Why behind it.
• Solution Walkthrough Videos created by the authors provide step-by-step instruction on how to complete problems like those in the text.

Downloadable Content appears throughout the E-Book, enabling students to see and work with tax forms, legal agreements, and spreadsheets.

Concept Check Questions at the end of each section provide immediate feedback, helping readers monitor their understanding and mastery of the material.