Fundamentals of Federal Income Taxation, Cases and Materials (University Casebook Series)

This widely-adopted casebook provides detailed coverage of federal income taxation, with specific assignments to the Internal Revenue Code, selected cases, and regulations and rulings from the Internal Revenue Service. The revised and updated Twenty-First Edition retains the bookk’s long-standing format and much of its prior materials, but it is revised to reflect recent legislative, judicial, and regulatory developments. These revisions include updates to provide coverage of the tax legislation enacted into law in 2025 under the title “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14,” Pub. L. No. 119-21, and more popularly known as The One Big Beautiful Bill Act (the “OBBBA”). Significant changes in the casebook include new or revised coverage, sometimes with problems, of: the Supreme Court’s decisions in Moore v. United States, and Loper Bright Enterprises v. Raimondo, the Section 108(f) exclusion for discharge of student loan indebtedness, Section 529 qualified tuition programs, the Sections 174 and 174A deductions for research and experimental expenditures, the Section 168 accelerated cost recovery system, including Section 168(n) expensing of qualified production property, an(more...)