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South-Western Federal Taxation 2027: Essentials of Taxation: Individuals and Business Entities, 30th Edition

Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

  • {{checkPublicationMessage('Available 13 April 2026', '2026-04-13T00:00:00+0000')}}
Starting At £35.00 See pricing and ISBN options
South-Western Federal Taxation 2027: Essentials of Taxation: Individuals and Business Entities 30th Edition by Annette Nellen/Andrew D. Cuccia/Mark Persellin/James C. Young

Overview

Nellen/Cuccia/Persellin/Young’s "South-Western Federal Taxation 2027: Essentials of Taxation: Individuals and Business Entities," 30th Edition, introduces today's most recent and important tax laws as well as critical underlying concepts and policies. This edition explains the taxation of individuals and corporations as well as taxes for income earned by flow-through entities, including partnerships, S corporations, estates and trusts. Revisions highlight the latest 2026 tax laws and reforms while current examples, updated summaries and recent tax scenarios clarify concepts and sharpen skills. Practice questions from Becker CPA Exam Review further prepare students. In addition to complete instructor support, this brief edition provides online access to Intuit® ProConnect tax software, Checkpoint® Edge (Student Edition) from Thomson Reuters and the online learning platform CNOWv2.

Annette Nellen

Annette Nellen, J.D., CPA, CGMA, directs San José State University’s graduate tax program (MST) and teaches courses in tax research, tax fundamentals, accounting methods, property transactions, employment tax, ethics, leadership and tax policy. Professor Nellen is a graduate of CSU Northridge, Pepperdine (MBA) and Loyola Law School. Prior to joining SJSU in 1990, she was with a Big 4 firm and the IRS. At SJSU, Professor Nellen is a recipient of the Outstanding Professor and Distinguished Service Awards. Professor Nellen is an active member of the tax sections of the AICPA and American Bar Association, including chairing the AICPA Virtual Currency Task Force. In 2013, she received the AICPA Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation. Professor Nellen is the author of Bloomberg BNA Tax Portfolio, Amortization of Intangibles. She has published numerous articles in the AICPA Tax Insider, Tax Adviser, Tax Notes State and The Journal of Accountancy. She is a research fellow with the Silicon Valley Institute for Regional Studies. Professor Nellen has testified before the House Ways and Means, Senate Finance Committees and other committees on Federal and state tax reform. Professor Nellen maintains the 21st Century Taxation Website and blog (21stcenturytaxation.com) as well as websites on tax policy and reform, virtual currency and state tax issues (sjsu.edu/people/annette.nellen/).

Andrew D. Cuccia

Andrew D. Cuccia, Ph.D., CPA, is Steed Professor of Accounting at the University of Oklahoma. He is a graduate of Loyola University, New Orleans (BBA) and the University of Florida (Ph.D.). Prior to entering academia, Cuccia practiced as a CPA with a Big 4 accounting firm. Before joining the University of Oklahoma, he was on the faculty at Louisiana State University and the University of Illinois. His research focuses on taxpayer and tax professional judgment and decision-making and has been published in several journals, including The Accounting Review, The Journal of Accounting Research, The Journal of the American Taxation Association and Tax Notes. He has taught undergraduate and graduate courses in income tax fundamentals as well as graduate courses in corporate tax, tax policy and tax research. Andy is a past president of the American Taxation Association and a member of the American Accounting Association and the AICPA.

Mark Persellin

Mark B. Persellin, Ph.D., CPA, CFP, is the Ray and Dorothy Berend Professor of Accounting at St. Mary’s University. He is a graduate of the University of Arizona (BS), the University of Texas at Austin (MPA in Taxation) and the University of Houston (Ph.D.). He teaches personal income tax, business income tax and research in federal taxation. Prior to joining St. Mary’s University in 1991, Professor Persellin taught at Florida Atlantic University and Southwest Texas University (Texas State University) and worked on the tax staff of a Big 4 firm. His research has been published in numerous academic and professional journals, including The Journal of the American Taxation Association, The Accounting Educators’ Journal, The Tax Adviser, The CPA Journal, Journal of Taxation, Corporate Taxation, The Tax Executive, TAXES—The Tax Magazine, Journal of International Taxation and Practical Tax Strategies. In 2003, Professor Persellin established the St. Mary’s University Volunteer Income Tax Assistance (VITA) site and he continues to serve as a trainer and reviewer at the site.

James C. Young

James C. Young is the PwC Professor of Accountancy Emeritus at Northern Illinois University. A graduate of Ferris State University (BS) and Michigan State University (MBA and Ph.D.), Jim’s research focuses on taxpayer responses to the income tax using archival data. His dissertation received the PricewaterhouseCoopers/American Taxation Association Dissertation Award, and his subsequent research has received funding from a number of organizations, including the Ernst & Young Foundation Tax Research Grant Program. His work has been published in a variety of academic and professional journals, including the National Tax Journal, The Journal of the American Taxation Association and Tax Notes. Jim is a Northern Illinois University Distinguished Professor, received the Illinois CPA Society Outstanding Accounting Educator Award in 2012 and has received university teaching awards from Northern Illinois University, George Mason University and Michigan State University.
  • Stay informed with the latest 2026 tax changes and emerging developments. This edition has been comprehensively updated to include all OBBBA updates. Our up-to-date content provides reliable, detailed revisions reflecting the most current tax legislation for business taxpayers.
  • Access current tax software from Intuit® ProConnect and refine your skills with hands-on practice. Also, enhance your knowledge with interactive CPA review questions from Becker Professional Education®.
  • This edition's print and digital materials, including CNOWv2 online tools, work seamlessly to reinforce tax skills. Use them independently or in the classroom to master current tax concepts.
  • This edition's unique presentation integrates memorable, clear taxation examples throughout, making it easy for students to read and quickly understand even complex taxation concepts.
  • Memorable learning videos correspond with practical applications to strengthen students' comprehension and ensure they understand how to complete end-of-chapter homework successfully.
  • Explore practical tax scenarios at the start and end of each chapter. Big Picture: Tax Solutions for the Real World scenarios examine lives, careers and tax situations facing typical tax filers.
  • Numerous proven learning features such as Ethics and Equity features, Global Tax Issues and Decision-Making Problems help readers strengthen professional skills.
  • Help students gain hands-on experience with updated end-of-chapter computational exercises so they can apply what they’ve learned and reinforce specific learning objectives in each chapter.
Part I: THE WORLD OF TAXATION.
1. Introduction to Taxation.
2. Working with the Tax Law.
3. Taxes in the Financial Statements.
Part II: STRUCTURE OF THE FEDERAL INCOME TAX.
4. Gross Income.
5. Business Deductions.
6. Losses and Loss Limitations.
Part III: PROPERTY TRANSACTIONS.
7. Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges.
8. Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions.
Part IV: TAXATION OF INDIVIDUALS.
9. Individuals as Taxpayers.
10. Individuals: Income, Deductions, and Credits.
11. Individuals as Employees and Proprietors.
Part V: BUSINESS ENTITIES.
12. Corporations: Organization, Capital Structure, and Operating Rules.
13. Corporations: Earnings & Profits and Distributions.
14. Partnerships and Limited Liability Entities.
15. S Corporations.
Part VI: CORPORATIONS.
16. Multijurisdictional Taxation.
17. Business Tax Credits and the Alternative Minimum Tax.
18. Comparative Forms of Doing Business.
Appendix A: Tax Formulas, Tax Rate Schedules, and Tables.
Appendix B: Tax Forms.
Appendix C: Glossary.
Appendix D: Table of Code Sections Cited.
Appendix E: Present Value and Future Value Tables.
Index.
CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

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  • ISBN-10: 8214058465
  • ISBN-13: 9798214058467
  • RETAIL £35.00

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  • ISBN-10: 8214058422
  • ISBN-13: 9798214058429
  • RETAIL £51.50

  • ISBN-10: 8214058341
  • ISBN-13: 9798214058344
  • RETAIL £188.00

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

International CNOWv2 Instant Access for Nellen/Cuccia/Persellin/Young's South-Western Federal Taxation 2027: Essentials of Taxation: Individuals and Business Entities

ISBN: 9798214058467
With its engaging learning and assessment tools, CNOWv2 supports the entire student workflow from motivation to mastery. For instructors, CNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes. All online text media materials accessible through this access code are available in EMEA, Latin America, Asia and India only.