Fundamentals of Taxation for Individuals and Business Entities: A Practical Approach, 2025 Edition 2nd Edition

Fundamentals of Taxation for Individuals and Business Entities: A Practical Approach, 2025 Edition 2nd Edition by Gregory A. Carnes and Suzanne Youngberg is a clear, modern guide to U.S. federal taxation tailored for students, accountants, small business owners, and tax professionals. Updated for 2025, this edition translates complex tax rules into practical guidance you can apply to individual returns and business entity planning.

Begin with concise explanations of core concepts—gross income, deductions, credits, and filing requirements—and move swiftly into entity-specific topics for sole proprietorships, partnerships, S corporations, and C corporations. Realistic examples and step-by-step problem solving illuminate how tax law affects everyday financial decisions, from payroll and retirement planning to business formation and taxable events.

What sets this book apart is its emphasis on application: layered case studies, end-of-chapter problems, and clear tax computation walkthroughs help readers build confidence rather than memorize rules. The 2025 updates reflect recent federal developments and practical considerations for taxpayers across the United States, making it a reliable resource for classroom use, exam prep, or hands-on reference for practicing professionals.

Whether you’re preparing for a course in taxation, advising clients, or managing your own business taxes, this edition equips you with the frameworks and tools to navigate today’s tax landscape with clarity and assurance. Order your copy today to gain a practical, up-to-date perspective on individual and business taxation in the U.S.

Note: eBooks do not include supplementary materials such as CDs, access codes, etc.