Trust the number one tax preparation text to introduce your students to
individual income tax preparation using a proven forms approach with a hands-on workbook
format.
As the market-leading tax preparation text for 29 years, INCOME TAX
FUNDAMENTALS 2011 Edition provides a concise, practical, and time-tested introduction to
the most important areas of the tax law.
Easy-to-read sections incorporate real examples using actual tax forms. T
This edition presents intriguing, real, and often humorous tax situations to maintain
student interest.
Self-study problems and solutions encourage students to work in a step-by-step manner to
build on concepts gradually.
Strong end-of-chapter reinforcement, including online interactive quizzes, further
prepares students for career success.
Whittenburg/Altus-Buller's text provides up-to-the-minute tax information and is revised
annually. With the help of INCOME TAX FUNDAMENTALS' comprehensive support package and
complete presentation, students will leave the course with the knowledge and skills to
handle the challenges of today's tax preparers.
Features
- Among the provisions passed in prior years which affect 2010 are the complete
elimination of the phase-outs for itemized deductions and exemption deductions. The
elimination of phase-outs is expected to be in effect for the 2010 tax year only, with
reinstatement in 2011.
- The end of chapter questions, all tax return problems, test bank problems and internet
quizzes will be updated for relevant new law changes as well as the dozens of standard
changes due to yearly cost of living increases for tax rates and phase-ins and phase-outs
of tax benefits.
- The Tax Equation is referenced and emphasized on the Quick Tax Reference Guide inside
the back cover.
- An additional set of interactive Internet Quizzes provide expanded Self-Study Problems.
The interactive quizzes are on the companion website
(www.cengage.com/taxation/whittenburg) and in the WebTutor product.
- H&R Block''s popular At Home software as well as RIA Checkpoint tax research
software both come with each new copy of this text.
Table of Contents
1. The Individual Income Tax Return.
2. Gross Income and Exclusions.
3. Business Income and Expenses, Part I.
4. Business Income and Expenses, Part II.
5. Itemized Deductions and Other Incentives.
6. Credits and Special Taxes.
7. Accounting Periods and Methods and Depreciation.
8. Capital Gains and Losses.
9. Withholding, Estimated Payments, and Payroll Taxes.
10. Partnership Taxation.
11. The Corporate Income Tax.
12. Tax Administration and Tax Planning.
Appendix A: Tax Rate Schedules and Tax Tables.
Appendix B: Earned Income Credit Table.
Appendix C: Withholding Tables.
Appendix D: Additional Comprehensive Tax Return Problems.
Glossary of Tax Terms.
Solutions to Self-Study Problems.
Index.
List of Forms.
List of Schedules.
832 pages Paperback, book + DVD
