Gregory A. Carnes - Böcker

An innovative approach to understanding the federal income tax laws for business entities and developing tax-efficient strategies. Presents the big picture to understanding the tax laws with a practice-based approach so students can develop critical thinking and problem-solving skills that prepare them to make effective decisions. Taxation of Business Entities, 2026 Edition introduces a comprehensive foundation for the income tax system, so students can understand why a law exists and how to apply the law to practical tax problems encountered by businesses. Professional skill-building exercises develop critical thinking and communication skills and the ability to identify and address ethical dilemmas, preparing students to be successful tax professionals. WILEY ADVANTAGE Incorporates Tax Planning Tips that focus on planning opportunities for corporations, S corporations, partnerships, and LLCs throughout, and a chapter on the choice of business entityIncludes specialized tax topics such as accounting for income taxes on financial statements, income taxation of trusts and estates, estate and gift taxation, state and local taxation, multinational taxation, and tax-exempt organizationsPractice opportunities are presented immediately following each learning objective, because students comprehend best by applying what they just learnedCreates a realistic environment to teach students how to apply their knowledge that will transfer to job-ready skills with Tax Form and Tax Return Problems that include actual tax source documentsDevelops tax planning skills through Tax Planning Problems, Spotlight on the Tax Law, and Excel exercises that stimulate critical analysis and evaluationFeatures applications and problems that focus on tax-planning skills, analytical skills, research skills, communication skills, and the ability to identify and address ethical dilemmasTask-Based Simulation Problems similar to those used on the CPA Exam include realistic source documents such as Schedule K-1s, financial statements, invoices, and legal agreements that students use to solve problemsPrepares students for the advanced tax knowledge and skills that are tested on the TCP (Tax Compliance and Planning) CPA examIncludes an extensive collection of additional resources, such as lesson plans, presentation slides, a Solutions Manual for instructors and practice quizzes, downloadable forms, test bank, and spreadsheets for studentsAN 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. Taxation of Business Entities integrates abundant video content developed by the authors 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. Provide confidence-building opportunities with a wide range of Practice Problems and author-created Solution Walkthrough Videos that give step-by-step instruction on how to complete problems like those in the text. Downloadable Files appear throughout the E-Book, enabling students to see and work with tax forms.Concept Check Questions at the end of each learning objective provide immediate feedback, helping readers monitor their understanding and mastery of the material.ALSO BY THE AUTHORS: Fundamentals of Taxation for 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.

An innovative approach to understanding the federal income tax laws and using them to develop tax-efficient strategies for individuals and businesses. 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. WILEY ADVANTAGE Features Professional Skill-Building Exercisesthat focus on tax-planning skills, analytical skills, research skills, communication skills, and the ability to identify and address ethical dilemmasPrepares students for their careers and the CPA Exam with Task-Based Simulation Problems that include realistic source documents such as 1099s, W-2s, invoices, and legal agreements that students use to solve problemsTeaches tax planning skills through real-world cases, Spotlight on the Tax Law boxes, and Excel exercises that stimulate critical analysis and evaluationCreates a realistic environment to teach students how to apply their knowledge that will transfer to job-ready skills with Tax Form and Tax Return ProblemsIncludes instructor and student companion sites with an extensive collection of additional resources, such as lesson plans, a Solutions Manual, presentation slides, practice quizzes, downloadable forms, and spreadsheets.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. Videos: 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 Figures and Files: Downloadable Content appears throughout the E-Book, enabling students to see and work with tax forms, legal agreements, and spreadsheets. Interactive Self-Scoring Quizzes: Concept Check Questions at the end of each section provide immediate feedback, helping readers monitor their understanding and mastery of the material.