Professional

Income Tax Fundamentals 2015, 33rd Edition

  • includes H&R Block® Premium & Business Software CD-ROM
  • Gerald E. Whittenburg San Diego State University
  • Martha Altus-Buller
  • Steven Gill San Diego State University
  • ISBN-10: 128543952X  |  ISBN-13: 9781285439525
  • 848 Pages
  • Previous Editions: 2014, 2013, 2012
  • © 2015 | Published
  • List Price = $ 250.95
  • For quantity discounts, Contact your Representative
  • For single copy purchases, visit CengageBrain.com
  • Newer Edition Available

About

Overview

INCOME TAX FUNDAMENTALS 2015 provides readers with a concise, practical, and time-tested introduction to the most important areas of tax law. For more than 30 years, this textbook has been the market-leading standard due to its step-by-step workbook format that walks readers through real examples using actual tax forms. With plentiful study tools, INCOME TAX FUNDAMENTALS 2015 ensures that readers gain the knowledge and skills to become tax preparers.

Features and Benefits

  • CengageNOW - With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.
  • End-of-chapter questions, tax return problems, test bank problems and internet quizzes all reflect the dozens of standard changes that are relevant due to yearly cost of living increases for tax rates and phase-ins and phase-outs of tax benefits.
  • Many algorithmic versions of end-of-chapter problems have been added for each chapter in CengageNOW.
  • H&R Block software is included with each new copy of the textbook, giving students an opportunity to use this popular tax preparation software as they learn.
  • 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.
  • Updated information based on changes made to tax law by Congress after publication will be posted to the companion website as it becomes available, keeping you and your students up-to-date with the latest changes to the legislative environment.

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.

What's New

  • Latest Tax Laws - The 2015 Edition reflects tax changes for tax year 2014, including in-depth coverage of the tax bills passed by Congress at the end of 2014, ensuring that you have the most current coverage possible. The 2015 Edition has been updated to reflect the tax law changes contained in the Affordable Care Act (Obamacare) and the American Tax Payer Relief Act of 2012. The text has also been updated to reflect the annual cost of living increases required by tax law.
  • Problem Examples are available for help when students need it most. If students get stuck as they are working in CengageNOW they are taken to a link where they can see an example problem from the text. All Group 2 problems include a link that takes students to an example from the text that can be used to help solve the problem.
  • The Self Study Problems from the text are now included under the Study Tools tab in CengageNOW so that students can practice them to solidify their understanding and prepare for exams. Feedback is built into these problems so that they can see where they went wrong and continue to improve.
  • Test Bank enhancements include: tagging for learning objective, difficulty level, and state and national standards; short explanations for all numerical calculations; explanations that accompany all true/false problems with answers to the "false" questions; and additional problems to cover learning objectives more fully. For the 2015 Edition, the test bank will be available in Cognero, which is housed on the instructor companion site.
  • Many algorithmic versions of end--of--chapter problems have been added for each chapter in CengageNOW.
  • Homework questions include enhanced, immediate feedback in CengageNOW so that students can learn as they go.

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 + H&R Block® Premium & Business Software CD-ROM + LMS Integrated for CengageNOW™, 1 term Instant Access

ISBN-10: 1305620011  | ISBN-13: 9781305620018

List Price = $263.95  | CengageBrain Price = $263.95


Printed Text + CengageNOW™, 1 term (6 months) Instant Access

ISBN-10:  130570388X | ISBN-13:  9781305703889

List Price = $263.95  | CengageBrain Price = $263.95


Supplements

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

Instructor's Companion Website  (ISBN-10: 1285439503 | ISBN-13: 9781285439501)

The Instructor Companion site includes the following Instructor Supplements: Solutions Manual, Test Bank, Instructor PowerPoint Slides, Solutions to Cumulative Problems, Lecture Notes, Chapter Outlines & Suggested Minimum Assignments, Solutions to Comprehensive Problems, and H&R Block Solutions. Student supplements which will also be posted on the Instructor Website: Learning Objectives, Glossary/Flashcards, Student PowerPoint Slides, Quick Tax Reference, Self-Study Solutions, Instructions on How to Update H&R Block Software, 1040 Map, Sample Letter, and Sample Memo.

Instructor's Solutions Manual  (ISBN-10: 130538878X | ISBN-13: 9781305388789)

The Solutions Manual includes chapter outlines and suggested minimum assignments, solutions for questions and problems (EOC items), and solutions for additional comprehensive tax return problems. For the 2015 Edition, the Solutions Manual will not include the test bank. (The test bank is available via Cognero or on the instructor companion website.)

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1285979869 | ISBN-13: 9781285979861)

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 128544275X | ISBN-13: 9781285442754)

With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

List Price = $162.00  | CengageBrain Price = $162.00  | College Bookstore Wholesale Price = $162.00

LMS Integrated for CengageNOW™, 1 term Instant Access  (ISBN-10: 1305102223 | ISBN-13: 9781305102224)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution – facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $162.00  | CengageBrain Price = $162.00  | College Bookstore Wholesale Price = $162.00

2016 Tax Media Pack (with H&R Block™ Premium & Business Software CD-ROM for 2015) 1 term (6 months) Printed Access Card  (ISBN-10: 1305396472 | ISBN-13: 9781305396470)

If you are purchasing an e-version of the text, this Tax Media Pack offers you the software that comes packaged with the printed text, including H&R Block® tax preparation software and Checkpoint® by Thomson Reuters (student edition). H&R Block tax preparation software, one of today’s most popular tax preparation tools, guides users through the tax return process. Checkpoint, the online industry leader that tax and accounting professionals trust, provides hands-on professional experience with a comprehensive collection of tax laws, cases, and rulings as well as built-in productivity tools.

List Price = $23.00  | CengageBrain Price = $23.00  | College Bookstore Wholesale Price = $17.25

Student Supplements

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 128544275X | ISBN-13: 9781285442754)

With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

List Price = $162.00  | CengageBrain Price = $162.00  | College Bookstore Wholesale Price = $162.00

LMS Integrated for CengageNOW™, 1 term Instant Access  (ISBN-10: 1305102223 | ISBN-13: 9781305102224)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution – facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $162.00  | CengageBrain Price = $162.00  | College Bookstore Wholesale Price = $162.00

2016 Tax Media Pack (with H&R Block™ Premium & Business Software CD-ROM for 2015) 1 term (6 months) Printed Access Card  (ISBN-10: 1305396472 | ISBN-13: 9781305396470)

If you are purchasing an e-version of the text, this Tax Media Pack offers you the software that comes packaged with the printed text, including H&R Block® tax preparation software and Checkpoint® by Thomson Reuters (student edition). H&R Block tax preparation software, one of today’s most popular tax preparation tools, guides users through the tax return process. Checkpoint, the online industry leader that tax and accounting professionals trust, provides hands-on professional experience with a comprehensive collection of tax laws, cases, and rulings as well as built-in productivity tools.

List Price = $23.00  | CengageBrain Price = $23.00  | College Bookstore Wholesale Price = $17.25

Meet the Author

Author Bio

Gerald E. Whittenburg

On March 8, 2015, we unexpectedly lost our dear friend and co-author Gene Whittenburg. As the original author of INCOME TAX FUNDAMENTALS, Gene was critical in designing the forms-based approach that the book has used successfully for more than two decades. It is simply not possible to quantify the degree of our loss. Gene started his life in small-town Texas; entered the Navy; served his country in Vietnam, earned Bachelor’s, Master’s and Ph.D. degrees; and served as a distinguished faculty member at San Diego State University for almost 40 years. The outpouring of sorrow and gratitude from countless former students and colleagues are a wonderful tribute to Gene’s love and devotion to teaching. We intend to continue to honor Gene by upholding his standard of publishing excellence for many years to come.

Martha Altus-Buller

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

Steven Gill is an associate professor in the School of Accountancy. He received a BS in accounting from the University of Florida (Gainesville, FL) an MS in taxation from Northeastern University (Boston, MA), and a Ph.D. in accounting (University of Massachusetts 2008). Prior to entering academia, Dr. Gill worked 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 tax compliance. He has taught at both the undergraduate and graduate levels and his teaching interests include taxation and both financial and managerial accounting. In addition to co-authoring FEDERAL TAX RESEARCH, Dr. Gill is the author of INCOME TAX FUNDAMENTALS and an Editor on the 2018 SOUTH-WESTERN FEDERAL TAXATION series.