The tax professional's favorite quick reference meticulously researched to cover any issue affecting tax returns. Significant new tax developments are conveniently highlighted and explained. Explanations are footnoted to provide accurate, legally-sound guidance on applying and complying with today's complex federal tax laws. Includes valuable practice tools to slash your research time: Cross-references to Internal Revenue Code and Income Tax Regulations; Removable Quick Tax Facts Card for instant reference; Taxpayer specific return flowcharts; Rate tables, depreciation tables and checklists.