CCH Federal Taxation: Basic Principles (2006)

CCH's 2006 Federal Taxation: Basic Principles (22nd Edition) is a popular first-level tax course textbook that provides a clear concise explanation of the fundamental tax concepts covering both tax planning and compliance. Basic Principles strikes a perfect balance between the AICPA model curriculum (focusing on business tax) and the demands favored by most teachers (covering the fundamentals and building toward the complex). The book is also a favorite in distant learning, because of its clarity and direct approach--and it is also used in special programs like CFP courses. Basic Principles covers the core tax concepts and principles, including individual taxation, gross income, deductions, credits, property transactions, accounting methods and periods, deferred compensation, retirement plans, partnerships, corporations, trusts and estates, and tax planning for individuals. This new edition reflects the American Jobs Creation Act of 2004, Working Families Tax Relief Act of 2004, and other significant developments that took place throughout the year. It is written by an editorial board of tax teachers that includes members who are currently active in the American Accounting Association, American Taxation Association, the National Tax Challenge, CFP education, CPE lectures, CPA preparation and other programs, so you can be assured that the text is allied with real-world educational outcomes. The 2006 Edition reflects new tax legislation, recent case law and regulatory developments.

There are three General Editors for the volume: Ephraim P. Smith, Vice-President of Academic Affairs, California State University-Fullerton; Philip J. Harmelink, Chairman, Department of Accounting, University of New Orleans; and James R. Hasselback, Professor of Taxation and Accounting, Florida State University--all of whom are also contributing authors. Contributing Authors in addition to those already named include: Ted D. Englebrecht, Louisiana Tech University; Edward C. Foth, Associate Professor and Administrator of the Master of Science in Taxation Program, DePaul University; Lawrence A. Kreiser, Professor of Taxation and Accounting, Cleveland State University; Thomas M. Porcano, Miami University of Ohio; and Christopher J. Fenn, Tax Instructor at Georgia State University.