This text emphasizes a tax planning and decision making approach. The 2011 edition has been completely updated for new legislation including the Worker, Homeownership, and Business Assistance Act of 2009, the Hiring Incentives to Restore Employment Act of 2010, and the Patient Protection and Affordable Care Act of 2010. It is ideal for undergraduate classes as well as MBA classes where the goal is to teach students to recognize the role taxes play in business decisions. The text introduces all tax topics covered on the CPA exam and all topics recommended in the Model Tax Curriculum in only 12 chapters, allowing instructors to easily cover these topics in a single semester while allowing time for assessments.  In addition, references to relevant legislation pending as of the date the text goes to print are included within the text, providing the most up-to-date text for your students.