West Federal Taxation is a very important and needed textbook for students of business and taxation today. It is very effective in helping students and learners of tax law to understand the complex and always changing IRS Tax Code. This textbook can be found in a two-book format or a complete volume and is the market's top book that offers a balanced and thorough overview of the US Tax Code. This textbook helps learners understand all the regulations of the tax code that will affect individuals and business taxpayers. It discusses and covers such topics like: C-Corporations, Family Tax Planning, Flow-Through Entities, and federal taxation while manages to highlight information and material that the serious student of taxation can easily understand and put into practice.
The textbook, West Federal Taxation, uses an outline model of real-world examples to help present the topics discussed in a comprehensive and accessible format. By doing so, it helps bring readers understand the basic concepts which will help them find ways to use that information in realistic tax situations.
West Federal Taxation has a strong emphasis on the importance of careful tax planning with a special section that helps in highlighting an integrated tax planning system. As a bonus, it solidly covers the basic information of how federal taxation affects individuals and business international.
For those who are pursuing a serious career in tax code and law, this textbook is an invaluable tool that will help them succeed on their CPA exam. The current CPA exam has included a section of tax research, and thus requires those who are preparing to take this exam to have a key understand on taxation concepts. West Federal Taxation uses the RIA-Checkpoint format. It also has a simulation tutorial that helps walk a clueless tax learner through a step-by-step process of applying RIA research techniques and strategies. There are numerous research exercises within the textbook that will help put the student's knowledge and skills to the test and thus those who read and use this textbook will be better prepared for the CPA exam.
All in all, if a person is serious in their aspiration to better understand taxation, its laws, and its application to real life, then they need to get a copy of this book. West Federal Taxation is filled to the brink of great real-life examples, practical application, and powerful learning tools. Any student or learner of tax codes and laws should not be caught without it.