Essentials of Federal Income Taxation for Individuals and Businesses (2026)

Robert W. Jamison, CPA, PH.D., is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). He received his PhD from the University of Texas at Austin, his MBA from Portland State University, and his BA from DePauw University. His principal area of specialization is S Corporations. He is the sole author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass-Through Entities, published annually by Wolters Kluwer. His professional experience has included employment with Ohio University, University of Illinois, San Diego State University, Portland State University, Ernst & Young, and other national and local CPA firms. His last full-time position in public accounting was as a senior manager in Ernst & Young’s Washington National Tax practice. His articles have appeared in TAXES--The Tax Magazine, Practical Tax Strategies, Journal of Passthrough Entities, The Tax Adviser, Journal of S Corporation Taxation, The Journal of Accountancy, and various other publications. Professor Jamison has taught many professional education programs for national and local accounting firms and has developed material used in their continuing education programs. He has been a lecturer in AICPA programs and has been the author of several AICPA tax courses. He presents advanced and update S Corporation seminars for various states’ CPA societies and to other professional organizations.

Teresa Stephenson, CMA, PH.D., is an Associate Professor of Accounting at the University of South Dakota. From 2005 through May 2014 she was a member of the faculty at the University of Wyoming. She completed her doctorate at the University of Kentucky in 2006. Prior to her doctoral work she worked as an independent consultant and tax-preparer for small business managers and owners. In 2000, she earned a Master of Professional Accountancy at Indiana University. She has taught accounting and taxation at several schools including Indiana University, University of Kentucky, Sullivan University, and Ivy Tech. Over the years, she has won several awards related to teaching and service including the "Top Prof" award given by the University of Wyoming's Cap and Gown Chapter of the Mortar Board Society, the College of Business Advisory Board's Faculty Award, and the Sparky Turner Raise the Bar Service award. She has published over 20 articles appearing in journals such as The CPA Journal, Accounting Horizons, Advances in Taxation, Tax Notes, Practical Tax Strategies, Journal of Legal, Ethical, and Regulatory Issues, and Journal of Accounting Education. Research-related awards include the University of Wyoming's College of Business Outstanding Junior Research Award, the American Society of Business Publication Editors' (ASBPE) Northeast Regional Gold Award for best feature series in Strategic Finance (with Jason Porter), and the Lybrand Certificate of Merit for a second series in Strategic Finance (again with Jason Porter). She is also an editorial review member for the Journal of Accounting Education as well as an ad hoc reviewer for other academic outlets.