Detailed Table of Contents  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vi
Preface for CPA Candidates  . . . . . . . . . . . . . . . . . . . . . . . . . . . . viii
Optimizing Your Regulation Score . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Study Unit 1. Ethics and Professional Responsibilities  . . . . . . . . . . . . . . . 19
Study Unit 2. CPAs and the Law . . . . . . . . . . . . . . . . . . . . . . . . . . .  53
Study Unit 3. Individual Taxation and Gross Income  . . . . . . . . . . . . . . . . . 95
Study Unit 4. Self-Employment, Farming, and Adjustments . . . . . . . . . . . . . .  137
Study Unit 5. Deductions from AGI, Credits, AMT, and Limitations  . . . . . . . . .  181
Study Unit 6. Property Transactions . . . . . . . . . . . . . . . . . . . . . . . .  223
Study Unit 7. Corporate Taxable Income . . . . . . . . . . . . . . . . . . . . . . . 263
Study Unit 8. Corporate Tax Computations . . . . . . . . . . . . . . . . . . . . . . 307
Study Unit 9. Corporate Tax Special Topics  . . . . . . . . . . . . . . . . . . . .  345
Study Unit 10. S Corporations  . . . . . . . . . . . . . . . . . . . . . . . . . . . 377
Study Unit 11. Partnerships and Exempt Organizations . . . . . . . . . . . . . . . . 409
Study Unit 12. Estates, Trusts, and Wealth Transfer Taxes   . . . . . . . . . . . .  449
Study Unit 13. Federal Tax Legislation, Procedures, Planning, and Accounting . . . . 481
Study Unit 14. Noncorporate Business Entities  . . . . . . . . . . . . . . . . . . . 523
Study Unit 15. Corporations  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 555
Study Unit 16. Agency and Regulation  . . . . . . . . . . . . . . . . . . . . . . .  591
Study Unit 17. Contracts   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 631
Study Unit 18. Sales and Secured Transactions . . . . . . . . . . . . . . . . . . .  677
Study Unit 19. Negotiable Instruments and Documents . . . . . . . . . . . . . . . .  727
Study Unit 20. Debtor-Creditor Relationships  . . . . . . . . . . . . . . . . . . .  767

Index  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 807
Order Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 823