Test Bank — South-Western Federal Taxation 2025: Comprehensive, 48th Edition — James C. Young, Mark Persellin, Annette Nellen & Andrew D. Cuccia — ISBN 9780357988817 — Latest Update 2025/2026 — (All Chapters Covered 1–30)

South-Western Federal Taxation 2025: Comprehensive (48th Edition) by James C. Young, Mark Persellin, Annette Nellen, and Andrew D. Cuccia offers one of the most in-depth and authoritative treatments of U.S. federal tax law available for academic study. This verified test bank includes multiple choice questions, true/false items, and short answer exercises, with answers provided at the end of each chapter. The structure follows the complete and official chapter progression, covering everything from individual and corporate taxation to international, partnership, trust, and estate topics. Chapters include: Chapter 1: An Introduction to Taxation and Understanding the Federal Tax Law, Chapter 2: Working with the Tax Law, Chapter 3: Tax Formula and Tax Determination, Chapter 4: Gross Income: Concepts and Inclusions, Chapter 5: Gross Income: Exclusions, Chapter 6: Deductions and Losses: In General, Chapter 7: Bad Debts, Chapter 8: Depreciation, Cost Recovery, Amortization, and Depletion, Chapter 9: Deductions: Employee and Self-Employed-Related Expenses, Chapter 10: Deductions and Losses: Certain Itemized Deductions, Chapter 11: Investor Losses, Chapter 12: Tax Credits and Payments, Chapter 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges, Chapter 14: Property Transactions: Capital Gains and Losses, § 1231, and Recapture Provisions, Chapter 15: The Deduction for Qualified Business Income for Noncorporate Taxpayers, Chapter 16: Accounting Periods and Methods, Chapter 17: Corporations: Introduction and Operating Rules, Chapter 18: Corporations: Organization and Capital Structure, Chapter 19: Corporations: Distributions Not in Complete Liquidation, Chapter 20: Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations, Chapter 21: Partnerships: Formation, Operation, and Basis, Chapter 22: Partnerships: Distributions, Transfer of Interests, and Terminations, Chapter 23: S Corporations, Chapter 24: Taxes in the Financial Statements, Chapter 25: Exempt Entities, Chapter 26: Multistate Corporate Taxation, Chapter 27: Taxation of International Transactions, Chapter 28: Tax Practice and Ethics, Chapter 29: The Federal Gift and Estate Taxes, and Chapter 30: Income Taxation of Trusts and Estates.