"South-Western Federal Taxation (SWFT) is the most trusted and best-selling taxation series used by college and universities. We are focused exclusively on providing the most useful, comprehensive, and up-to-date tax texts, online study aids, tax preparation tools, and research tools to help instructors and students succeed in their tax courses and beyond. SWFT is a comprehensive package of teaching and learning materials, significantly enhanced with each addition to meet instructor and student needs and to add overall value to learning taxation. 'Essentials of Taxation : Individuals and Business Entities', 2023 Edition provides a dynamic learning experience inside and outside of the classroom. Built with resources and tools that have been identified as the most important, our complete learning system provides options for students to achieve success. 'Essentials of Taxation : Individuals and Business Entities', 2023 Edition provides accessible, comprehensive, and authoritative coverage of the relevant tax code and regulations as they pertain to the individual or business taxpayer, as well as coverage of all major developments in Federal income taxation. We make sure that every tax law change relevant to the introductory taxation course was considered, summarized, and fully integrated into the revision of text and supplementary materials. The 'South-Western Federal Taxation' authors have made every effort to keep all materials up to date and accurate. All chapters contain the following general changes for the 2023 Edition : updated materials to reflect changes made through legislative action, new administrative rulings, and court decisions ; streamlined chapter content (where applicable) to clarify material and make it easier for students to understand ; revised numerous materials as the result of changes caused by indexing of statutory amounts ; revised Problem Materials, Computational Exercises, and CPA Exam problems ; updated Chapter Outlines to provide an overvie