Cengage Learning

Higher Education

Income Tax Fundamentals 2012, 30th Edition

  • includes H&R BLOCK At Home™ Tax Preparation Software CD-ROM
  • Gerald E. Whittenburg San Diego State University
  • Martha Altus-Buller
  • ISBN-10: 1111529191  |  ISBN-13: 9781111529192
  • 848 Pages
  • Previous Editions: 2011, 2010, 2009
  • © 2012 | Published
  • College Bookstore Wholesale Price = $202.25 List Price = $ 272.95
  • Newer Edition Available
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INCOME TAX FUNDAMENTALS 2012, 30E provides a concise, practical, and time-tested introduction to the most important areas of tax law. For over thirty years, this textbook has been the market-leading standard due to its step-by-step workbook format that incorporates real examples using actual tax forms. And, with strong end-of-chapter reinforcement, including online interactive quizzes, INCOME TAX FUNDAMENTALS 2012, 30E makes sure that students have gain the knowledge and skills they’ll need as future tax preparers.

Features and Benefits

  • The 2012 Edition reflects tax changes and anticipated tax changes for tax year 2011, including in-depth coverage of the tax bills passed by Congress at the end of 2011.
  • A step-by-step format divides the text into short sections with helpful examples and concludes with a set of Self-Study Problems, with answers provided at the back of the textbook, for additional reinforcement.
  • H&R Block’s popular At Home software is included with each new copy of the textbook.
  • Important Internal Revenue Code Sections and a Quick Tax Reference guide, which includes the Tax Formula, are both provided in color for easy student reference.
  • Interactive Internet Quizzes provide expanded self-study opportunities.
  • End of Chapter questions, all tax return problems, test bank problems and internet quizzes reflect relevant 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 robust TestBank is available in Word and in the easy-to-use testing software Examview.

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.
List of Forms.
List of Schedules.

What's New

  • Updated text reflects December 17, 2010 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 changes.
  • New Chapter 3 covers Schedule C "Profit or Loss from Business (Sole Proprietorship)" and outlines the most common business expenses allowed as deductions in arriving at net taxable business income.
  • Rewritten Chapter 4 builds upon Chapter 3 with important elements of income and expense which enter into the calculation of AGI, with two new sections on self-employed health insurance and health savings accounts (HSAs) deductions.
  • Added Coverage of New Tax Preparer Licensing Requirements.
  • Enhanced material on Social Security income inclusions provides a new table and additional discussion.
  • Source documents such as W-2's and 1099's have been added to the Appendix D Comprehensive Problems.
  • Learning Objectives now more clearly linked to Section numbers.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Printed Text + WebTutor™ on Blackboard® Instant Access Code

ISBN-10: 1285046714  | ISBN-13: 9781285046716

List Price = $292.95  | College Bookstore Wholesale Price = $217.25

This Bundle Includes:

  • Income Tax Fundamentals 2012
    List Price = $272.95  | College Bookstore Wholesale Price = $202.25
  • WebTutor™ on Blackboard®, 1 term (6 months) Instant Access
    List Price = $205.00  | CengageBrain Price = $205.00  | College Bookstore Wholesale Price = $205.00

ePack: South-Western Federal Taxation 2014: Taxation of Business Entities (with H&R Block @ Home Tax Preparation Software CD-ROM and RIA CheckPoint Printed Access Card), 17th + Income Tax Fundamentals 2012 (with H&R BLOCK At Home™ Tax Preparation Software CD-ROM), 30th + CengageNOW Instant Accesss

ISBN-10:  1418885258 | ISBN-13:  9781418885250

List Price = $605.95  | College Bookstore Wholesale Price = $448.75

This Bundle Includes:

  • Income Tax Fundamentals 2012
    List Price = $272.95  | College Bookstore Wholesale Price = $202.25
  • CengageNOW Instant Access
    List Price = $158.00  | College Bookstore Wholesale Price = $158.00
  • South-Western Federal Taxation 2014: Taxation of Business Entities
    List Price = $318.95  | College Bookstore Wholesale Price = $236.50


All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Solutions Manual with Test Bank  (ISBN-10: 1111529213 | ISBN-13: 9781111529215)

Find all of the solutions you need to grade efficiently with this printed manual that offers detailed solutions to the problems in the text, as well as proven test questions. Available in printed form, on the IRCD and companion site: http://www.cengage.com/taxation/whittenburg.

Instructor’s Resource CD-ROM  (ISBN-10: 1111529698 | ISBN-13: 9781111529697)

Find all of the key instructor resources at your fingertips as this comprehensive CD provides the Instructor’s Manual, Solutions Manual, Test Bank, Lecture Notes, PowerPoint® presentation slides, Solution to the Cumulative Problem, and ExamView® for automatic test preparation all in one place.

Student Supplements

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1133629210 | ISBN-13: 9781133629214)

Succeed in your taxation course with this anytime, anywhere customized learning solution that reinforces and clarifies complex concepts, provides online quizzes with instant feedback and other online learning tools, and keeps you connected to your textbook, instructor, and classmates.

List Price = $205.00  | CengageBrain Price = $205.00  | College Bookstore Wholesale Price = $205.00

Meet the Author

Author Bio

Gerald E. Whittenburg

Dr. Gerald E. Whittenburg was a professor of accounting and taxation at San Diego State University. He received his Ph.D. from the University of Houston and his professional designations included Certified Public Accountant (CPA) and Enrolled Agent (EA). Dr. Whittenburg’s research interests focused on corporate and individual taxation as well as the tax research process. His articles on these and other topics appeared in such journals as the Accounting Review, Advances in Taxation, Accounting Education: An International Journal, Decision Sciences Journal of Innovative Education, Journal of Taxation, Taxes, Management Accounting, Practical Tax Strategies Journal of Taxation of Investments, Valuation Strategies, Journal of Small Business Strategy, Journal of Taxation of Financial Institutions, The Tax Adviser, Tax Notes, Real Estate Accounting and Taxation , and Journal of Accounting Education. Dr. Whittenburg has authored several tax textbooks, including Income Tax Fundamentals and Federal Tax Research. He was a visiting scholar at the University of Adelaide (Australia) in 1999 and 2005 and the University of South Australia in 2009 and 2010. In 2003, he received a Fulbright Senior Specialist grant at the Academy of Tax Services of Ukraine.

Martha Altus-Buller

Martha Altus-Buller is a CPA with her own tax practice in San Diego, California. She attended Reed College in Portland, Oregon for two years, holds a BA in Mathematics from the University of California at San Diego and a MS 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 (then) Big 8 accounting firms. She also has more than two decades of experience with a full-time practice in tax accounting.