The Hornbook on Federal Income Taxation is a capstone treatise which provides expert guidance to law students and practitioners alike on this increasingly complex area of the law. The Hornbook on Federal Income Taxation provides up-to-date comprehensive coverage of pertinent provisions of the Internal Revenue Code, relevant administrative guidance, and appropriate case law. Above all, the Hornbook on Federal Income Taxation provides a unique blend of the theoretical and practical aspects of federal income taxation. Professors Rosenberg and Daher of the University of the San Francisco School of Law bring to life one of the most challenging areas of the law with their expert analysis. This treatise is a necessity for anyone hoping to gain a better understanding of federal income taxation.