Book Description: The Hardbound Edition of CCH's U.S. Master Tax Guide is identical in content to the standard softbound MTG, but is produced in an attractive hardcover format with elegant gold stamping for year-round, permanent reference. Like the softbound edition, the Hardbound Edition provides helpful and practical guidance on today's federal tax law. Especially popular with libraries, the durable Hardbound Edition comes complete with the popular Quick Tax Facts card that can be detached for at-a-glance reference to key tax figures and other often referenced amounts used in preparing 2005 income tax returns, and a special bonus CPE course supplement entitled "Top Tax Issues for 2006," which focuses in on the most significant and thorniest new tax developments affecting practitioners for the year. This Top Tax Issues Course allows professionals to earn CPE credit while keeping up-to-date on the most important tax issues (grading fee additional). CCH's U.S. Master Tax Guide is built for speed with numerous time-saving features, including a tax calendar, taxpayer-specific return flowcharts, lists of average itemized deductions, selected depreciation tables, rate tables, checklists of income, deduction and medical expense items, and a resource/directory of key government addresses and phone numbers. These features help users quickly and easily determine how particular tax items and situations should be treated and answer client questions. The Guide's timely and precise explanations cover federal income taxation of individuals, partnerships, corporations, estates and trusts, as well as new rules established by key court decisions and the IRS. The book's explanations are meticulously researched and footnoted to provide tax practitioners with the most accurate and legally-sound guidance to help them understand, apply and comply with today's complex federal tax laws. The 2006 Edition reflects all pertinent federal taxation changes that affect 2005 returns. Significant new tax developments are conveniently highlighted and concisely explained for quick and reliable reference and understanding. The U.S. Master Tax Guide is conveniently cross-referenced to the Internal Revenue Code, Income Tax Regulations, certain other important tax law sources, and CCH's Standard Federal Tax Reports for further research. This reliable reference is a must for anyone involved with federal taxation.