Income Tax Fundamentals

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. 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 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.

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.