Designed for a less detailed approach to federal taxation of individuals and corporations in an introductory taxation course. Concepts in Federal Taxation authors, Murphy and Higgins, take a more conceptual, less technical approach to federal taxation presenting taxation as a small number of unifying concepts and overriding principals that apply to all specific tax rules and regulations. These concepts define tax! Therefore, by knowing the underlying concepts that shape tax law, students can understand the wide range of tax rules and regulations.