Test Bank — Fundamentals of Taxation, 2026 Release (Cruz, Deschamps, Niswander, Prendergast & Schisler, 2026), Chapters 1-15 | All Chapters Covered

This professional-grade academic resource serves as a definitive pillar for accounting, finance, and pre-law students mastering the integrated complexities of the Internal Revenue Code (IRC), individual tax returns, and corporate financial structures by providing exhaustive pedagogical coverage across the entire curriculum, including Chapter 1: Introduction to Taxation, the Income Tax Formula, and Form 1040, Chapter 2: Expanded Tax Formula, Form 1040, and Basic Concepts, Chapter 3: Gross Income: Inclusions and Exclusions, Chapter 4: Adjustments for Adjusted Gross Income, Chapter 5: Itemized Deductions, Chapter 6: Self-Employed Business Income (Line 3 of Schedule 1 and Schedule C), Chapter 7: Capital Gains and Other Sales of Property (Schedule D and Form 4797), Chapter 8: Rental Property, Royalties, and Income from Flow-Through Entities (Line 5, Schedule 1, and Schedule E), Chapter 9: Tax Credits (Form 1040, Lines 19, 20, 27 through 29, and 31, Schedule 3, Lines 1 through 14), Chapter 10: Payroll Taxes, Chapter 11: Retirement and Other Tax-Deferred Plans and Annuities, Chapter 12: Special Property Transactions, Chapter 13: At-Risk/Passive Activity Loss Rules and the Individual Alternative Minimum Tax, Chapter 14: Partnership Taxation, and Chapter 15: Corporate Taxation, ensuring robust preparation for IRS Enrolled Agent (EA) exams, uniform CPA exam benchmarks, and institutional accounting portfolio readiness through thousands of high-quality, exam-ready assessment questions, tax-return problems, and comprehensive regulatory rationales.