Pearson's Federal Taxation 2025 Individuals, 38th edition

Published by Pearson (July 26, 2024) © 2025

  • Luke E. Richardson University of South Florida
  • Mitchell Franklin Le Moyne College
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Pearson’s Federal Taxation 2025 Individuals, of the hallmark Franklin and Richardson series, clearly explains the principles of taxation and the latest tax regulations. It covers all entities, with often briefer treatment than the Corporations and Comprehensive volumes.

This long-trusted resource blends technical aspects of tax law with maximum readability and relevance. Hands-on practice problems will help you apply tax principles to practical accounting practices.

The 38th Edition incorporates tax information from 2023 and early 2024. The new edition is a complete refresh reflecting the latest tax rulings and regulations, as well as their implications for tax law. It features an abundance of new real-world examples and significant court cases demonstrating the current tax law at work.

  1. An Introduction to Taxation
  2. Determination of Tax
  3. Gross Income: Inclusions
  4. Gross Income: Exclusions
  5. Property Transactions: Capital Gains and Losses
  6. Deductions and Losses
  7. Business Expenses and Deferred Compensation
  8. Itemized Deductions
  9. Losses and Bad Debts
  10. Depreciation, Cost Recovery, Amortization, and Depletion
  11. Accounting Periods and Methods
  12. Property Transactions: Nontaxable Exchanges
  13. Property Transactions: Section 1231 and Recapture
  14. Special Tax Computation Methods, Tax Credits, and Payment of Tax
  15. Tax Research
  16. Corporations
  17. Partnerships and S Corporations
  18. Taxes and Investment Planning

QUICK REFERENCE

  • 2024 Tax Rate Schedules and Other Key Numbers

TABLES

  • 2023 Tax Tables and Rate Schedules and 2024 Withholding Tables (Partial)

APPENDICES

  1. Tax Research Working Paper File
  2. Tax Forms
  3. MACRS Tables
  4. Glossary
  5. AICPA Statements on Standards for Tax Services Nos. 1-4
  6. Index of Code Sections
  7. Index of Treasury Regulations
  8. Index of Government Promulgations
  9. Index of Court Cases
  10. Subject Index

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