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Based on the AICPA Competency Framework: Tax and Personal Financial Planning, these learning resources - primarily focused on US tax - are designed to help CPAs understand the knowledge and skills necessary to address the needs of their clients and firms.
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Don’t let your clients miss out on the IRD deduction
Many practitioners still have some questions about when and how the IRD deduction is used. This article provides a refresher.
Article Deductions Intermediate
Local Lodging Provided to an Employee: How to Determine Whether to Include It in the Employee’s Income
This article discusses how employer paid lodging for local events should be treated on the employee's tax return.
Article Employee benefits Foundational
Oregon Courts’ Recent Examination of UDITPA Provisions
Oregon courts have issued important state income tax decisions, which may have potential application within and outside the state. This article discusses these decisions.
Article State & local tax (SALT) Intermediate
New Retail and Restaurant Remodel/Refresh Safe Harbor for Determining Repairs
This article discusses the new provisions of a new safe harbor which allows retail and restaurant taxpayers to deduct 75% of qualifying expenditures for remodeling.
Article Capitalization & depreciation Intermediate
Updating the Fixed-Asset Listing With Estimates After Sampling
This article discusses best practices to consider when planning a tangible property regulations sample.
Article Capitalization & depreciation Intermediate
Sec. 163(I)’s “Substantial Certainty” Test and Related-Party Convertible Debt
This article summarizes the current law and discusses the facts and conclusion in Letter Ruling 201517003.
Article C corporation income taxation Intermediate
Taking Control of the Final Form 1040
This article provides tips for using the final tax return for tax planning post-mortem.
Article Practice management & professional standards Foundational
How to avoid the 10% additional tax on early retirement distributions
This article details how to help clients get money when necessary without incurring the onerous 10% tax on early withdrawals.
Article Withdrawal & distributions Intermediate
Hedging Market Risks: Accounting for Notional Principal Contracts
This article looks at the timing and characterization rules that apply to payments under a notional principal contract.
Article Tax accounting Intermediate
Wynne’s Effect on State and Local Personal Income Taxes
This article explores the facts of the case, how this decision relates to and departs from case precedent, and the effects on the taxing schemes of other states and...
Article Tax accounting Foundational
Bad News for Noncash Contributions
This article discusses a tax court opinion which clarifies the misconceptions taxpayers have about their charitable contributions of household items, etc.
Article Deductions Foundational
IRS Appeals Provides a Pathway to Settlement
This article discusses reasons clients may achieve better results in appeals, the importance of preparing a good protest, and more.
Article IRS practice & procedure Foundational
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