Help students master federal taxation with the balanced, conceptual approach found only in Murphy/Higgins' CONCEPTS IN FEDERAL TAXATION 2017. This unique text presents taxation as a small number of unifying concepts that students master and apply to tax rules and everyday economics. The latest tax laws and changes are clearly presented in manageable segments with Concept Checks, ideal for CPA Exam review. The book text balances tax concepts with the Internal Revenue Code to prepare students for CPA Exam tax simulations and successful careers. Frequent examples relate tax concepts to business scenarios. You'll find more practice exercises than any other book of this kind with additional tax planning problems in the Test Bank. CengageNOW online optimizes learning, while H&R Block software provides experience using a professional taxation tool. This edition provides a conceptual understanding of taxation like no other text.