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Gain a solid understanding of federal taxation using the proven, balanced, conceptual approach in CONCEPTS IN FEDERAL TAXATION 2015. This edition presents today's latest tax codes and changes with a straightforward approach that focuses on understanding the unifying concepts behind the Internal Revenue Code, rather than memorizing the details of the Code. All changes for the recent tax year are included in this revision. Material throughout this edition is broken into comprehensible segments ideal for CPA Exam review. Extensive examples relate concepts to familiar business scenarios while a wealth and variety of exercises provide more choice in practice than any other text of its kind. New CengageNOW™ online homework tool optimizes your study, while accompanying H&R Block™ tax preparation software provides experience using professional research and taxation tools. Count on CONCEPTS IN FEDERAL TAXATION 2015 for the strong conceptual understanding of taxation you need for ongoing success.