Review of Income Tax Fundamentals (with TaxCut Tax Prep Software) (Paperback)

I have prepared taxes professionally for over 20 years and have taught tax preparation for 5.This book is the worst I have come across in that time and should be avoided at all costs!

The content and flow is nonsensical, there is literally no explanation about ANY forms or schedules, and the sample problems are illogical.

In Chapter 1 the book introduces all the various taxable entities including Partnerships and Corporations, which it then tries to cover in a chapter each later in the text.Who in their right mind thinks they can cover corporate tax in a chapter?And what about that is "fundamental?"

Chapter 3 has a single problem that requires the student to fill out a 1040, a Schedule C for a sole proprietorship, a Schedule D for a non-business bad debt, and a Schedule E for a vacation rental.This is very advanced material for the third chapter of a "fundamental" text.

I could go on and on about how bad this book is, but just be warned: RUN for your life from this book and any teacher/professor who selects it!


Product Description
Trust the number one tax preparation text to introduce your students to individual income tax preparation using a proven forms approach in a hands-on workbook format. As the market-leading tax preparation text for 26 years, Whittenburg/Altus-Buller's INCOME TAX FUNDAMENTALS, 2008 EDITION, Twenty-Sixth Edition, provides a concise, yet complete, practical introduction to the most important areas of the tax law for your students. Easy-to-digest sections of tax information throughout this edition incorporate numerous real examples using actual tax forms. New features in this edition present intriguing, and even humorous, actual tax situations to maintain student interest. Strategically placed self-check problems provide immediate feedback before students proceed to the next section. Strong end-of-chapter reinforcement, including online interactive quizzes, further prepares students for future exams and career success. Up-to-the-minute tax information, revised each year to reflect the current tax law, ensures you are presenting the latest information, while New Law Alerts sections detail the effects of the latest tax laws. With the help of INCOME TAX FUNDAMENTALS' comprehensive support package and complete proven presentation, your students leave your course with the knowledge and skills to handle the challenges today's tax preparers frequently face.

About the Author
Gerald E. Whittenburg is a professor of accounting and taxation at San Diego State University. He received his Ph.D. from the University of Houston. Whittenburg's professional designations include Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Dr. Whittenburg's research interests have focused on corporate and individual taxation, as well as the tax research process. His articles on these and other topics have appeared in such journals as the ACCOUNTING REVIEW, ADVANCES IN TAXATION, JOURNAL OF TAXATION, TAXATION FOR ACCOUNTANTS, 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, CALIFORNIA INCOME TAX FUNDAMENTALS, and FEDERAL TAX RESEARCH. His books are used in more than 300 colleges and universities throughout the United States. Whittenburg received a California State University (CSU) Trustee's Outstanding Faculty Award in 1991. This award was competitive across the entire 20-campus CSU system. Dr. Whittenburg was a visiting scholar at the University of Adelaide (Australia) in 1999 and 2005. In 2003, he received a Fulbright Senior Specialist grant at the Academy of Tax Services of Ukraine. While in Ukraine, he lectured students and conferred with the faculty and staff on income taxation in the United States.

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. She won a 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, and more than two decades of full-time practice in tax accounting.

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