Readers gain a solid understanding of federal taxation using the proven, balanced, conceptual approach in Murphy/Higgins' unique CONCEPTS IN FEDERAL TAXATION 2013. 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. Extensive examples relate concepts to familiar business scenarios while a wealth of exercises provide practice opportunities. New CengageNOW? online homework tool, and H&R Block At Home? software further enhance the reader's learning experience and professional hands-on practice.

Presents today's tax codes and changes with an approach that focuses on understanding the unifying concepts behind the Internal Revenue Code, rather than memorizing the details of the Code. This book offers examples that relate concepts to familiar business scenarios while a wealth of exercises provide practice opportunities.