"On the 25th anniversary of Jeffrey Kwall's groundbreaking The Federal Income Taxation of Corporations, Partnerships, Limited Liability Companies, and Their Owners (now in its 6th edition), Kwall has done it again with a brand-new take on personal income tax in The Federal Income Taxation of...

Realization and the notion of "income" -- Specific items included in gross income -- Recovery of basis and certain limited exclusions -- Categorical exclusions : items received by gift, bequest, devise, or inheritance -- Categorical exclusions : damage recoveries, fringe benefits, and other...