Income Tax Fundamentals 2021 (with Intuit ProConnect Tax Online),
39th Edition

Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

ISBN-13: 9780357141366 | ISBN-10: 0357141369

Copyright 2021

| Published 2020

| 848 pages

List Price USD $187.95


Learn the complexities of the U.S. income tax code and master the most important areas of tax law with Whittenburg/Altus-Buller/Gill's concise, practical INCOME TAX FUNDAMENTALS 2021. This market-leading introduction to tax preparation uses a unique, step-by-step workbook format that integrates actual tax forms. You have the option to use Intuit ProConnect tax preparation software that accompanies each new book. A clear, up-to-date presentation walks you through real, current examples using the most recent actual tax forms. A variety of end-of-chapter problems offer hands-on practice with tax return problems that use source documents identical to those of real clients. In addition, numerous study tools and powerful online resources, including MindTap digital support and the CNOWv2 online homework tool, help you further refine the knowledge and skills to become a successful tax preparer.

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Meet the Authors

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As the original author of INCOME TAX FUNDAMENTALS, Gene Whittenburg was critical in designing the forms-based approach that has clarified and re-shaped how students have learned income tax fundamentals for three decades. Although co-author and dear friend Gene Whittenburg was unexpectedly lost in March of 2015, this edition continues to uphold his highest standard of publishing excellence and further the insights and advancements that he started in preparing learners to be successful tax preparers years ago.

Martha Altus-Buller is a CPA with more than 25 years of tax accounting experience. She attended Reed College in Portland, Oregon for two years, holds a B.A. in Mathematics from the University of California at San Diego and a M.S. in Accounting from San Diego State University. Ms. Altus Buller was awarded the Sells award for scoring among the top in the country on the May 1983 CPA exam. Her practical experience includes work as a tax manager for Arthur Young, now Ernst & Young, one of the Big 8 accounting firms at the time.

Steven Gill is an associate professor in the Charles W. Lamden School of Accountancy at the Fowler College of Business at San Diego State University. He received a B.S. in accounting from the University of Florida (Gainesville, FL), an M.S. in taxation from Northeastern University (Boston, MA) and a Ph.D. in accounting (University of Massachusetts). Prior to entering academia, Dr. Gill worked for twelve years in the field of accounting, including roles in public accounting, internal audit, corporate accounting and, ultimately, vice president of finance. Dr. Gill's research interests include a concentration in taxation, including mutual funds and college savings ("529") plans and wider interests in tax compliance behavior. He has taught both undergraduate and graduate levels and his teaching interests include taxation and both financial and managerial accounting. Dr. Gill serves as the author of INCOME TAX FUNDAMENTALS, co-author of FEDERAL TAX RESEARCH and editor for the 2019 SOUTH-WESTERN FEDERAL TAXATION series.

  • WEALTH OF PROBLEMS AND PRACTICAL QUESTIONS OFFER HANDS-ON EXPERIENCE FOR STUDENTS. With this edition, you know that your students are practicing with the latest tax information available. This book’s proven end-of-chapter questions, tax return problems and test bank problems all reflect the dozens of standard changes, ranging from yearly cost of living tax rate increases to phase-ins and phase-outs of tax benefits.
  • UPDATES REFLECT THE LATEST CHANGES IN TAX LAW. This 2021 edition incorporates all of the tax law changes made through the time of publication, including the Tax Cuts and Jobs Act of 2017 and the Bipartisan Budget Act of 2018. New and complex tax law features, such as the qualified business income deduction for passthrough businesses and full expensing of personal property, are covered in the clear and concise presentation.
  • STUDENTS WORK WITH THE LATEST PROFESSIONAL INTUIT PROCONNECT SOFTWARE. Your students have the opportunity to use actual Intuit ProConnect software for tax year 2020, which is available with each new copy of the book. Students can actually solve many of the 2020 Individual Income Tax Return problems in the book using this professional tool. The software is easy to master with many helpful features, including access to useful tips, calculators, and the most current tax information.
  • TAX RETURN PROBLEMS NOW INCLUDE MORE "REAL-LIFE" SOURCE DOCUMENTS. Students learn to work with actual documents, such as Form W-2, 1099s, trials balances and other realistic source documents. Using these actual documents in practice helps readers better understand what they will actually encounter in the tax return preparation process today.
  • REVISED END-OF-CHAPTER QUESTIONS AND PROBLEMS WORK SEAMLESSLY WITH CNOWv2. The author has carefully reviewed all problems in this edition and updated questions to ensure online homework using CNOWv2 is seamless and more consistent with the printed book.
  • INTERNAL REVENUE CODE SECTIONS AND QUICK TAX REFERENCE GUIDE PROVIDE IMPORTANT INFORMATION AT A GLANCE. Useful and convenient reference tools, including the important Internal Revenue Code Sections and Quick Tax Reference Guide, highlight critical information, such as the Tax Formula, in full color for easy reader reference.
  • THE MOST RECENT TAX LAWS ARE INTEGRATED THROUGHOUT THIS EDITION. All of the sweeping tax changes for the 2020 tax year are integrated seamlessly throughout this new edition. The author has carefully introduced the more complex changes, such as the qualified business income deduction for passthroughs, in a clear and easy to understand manner.

Table of Contents

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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.
Appendix E: Solutions to Self-Study Problems.
Glossary of Tax Terms.
List of Forms.
List of Schedules.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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Solutions Manual (Internal Only) for Whittenburg/Altus-Buller/Gill's Income Tax Fundamentals 2021

Now in its 39th edition, this leading title has set the standard in tax education today using a unique, proven, “forms-based” approach and step-by-step workbook format that incorporates real examples and actual tax forms.

Instructor's Companion Website for Whittenburg/Altus-Buller/Gill's Income Tax Fundamentals 2021

Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint® presentations, images, instructor’s manual, videos, and more.

Cengage Testing, powered by Cognero® for Whittenburg/Altus-Buller/Gill's Income Tax Fundamentals 2021

Now in its 39th edition, this leading title has set the standard in tax education today using a unique, proven, “forms-based” approach and step-by-step workbook format that incorporates real examples and actual tax forms.

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Income Tax Fundamentals 2021 (with Intuit ProConnect Tax Online)

  • ISBN-10: 0357141369
  • ISBN-13: 9780357141366

Price USD$ 187.95


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