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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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Till Death Do Us Part: Dealing With Carryovers When a Spouse Dies
This article discusses rules for carryovers, knowing how they affect taxpayers, and being prepared to discuss potential tax saving opportunities.
Article Specialized issues Intermediate
New Developments in Outbound Transfers of Intangible Property
This article updates CPAs about the changes in tax treatment of outbound transfers of goodwill or going concern value to assist clients in planning these transfers.
Article International tax Intermediate
Final Regulations Clarify Definition of Real Property for REITs
The IRS issued final regulations clarifying the definition of real property for purposes of the REIT provisions as discussed in this article.
Article C corporation income taxation Intermediate
Preparing and Filing Forms 1099 and W-2 in the Cloud Continues to Rise
This article discusses the advantages of cloud-based preparation and filing and outlines key information practitioners should be aware of.
Article Practice management & professional standards Foundational
Common Income Tax Accounting Pitfalls
This article highlights a few ASC Topic 740, Income Taxes, tax matters companies have missed or overlooked in tax provisions.
Article Methods Intermediate
5 Things You May Not Know About IRS Form 990
This blog post discusses five things you may not know or may have forgotten about Form 990,
Article Reporting & filing requirements Intermediate
Understanding Qualified Domestic Trusts and Portability
This article discuses how transfer-tax rules for noncitizen spouses differ from the transfer-tax rules that apply to spouses who are U.S. citizens or residents.
Article Estate tax Intermediate
Tax Planning for Aging Clients: Medical Expense Deduction for Home Improvements
It is common for aging homeowners to renovate their home to accommodate their disability. This article examines what qualifies for the medical expense deduction,
Article Deductions Foundational
Telling the not-for-profit story through Form 990
Donors, lenders, and other stakeholders rely on the nonprofit's filing. This article discusses how to tout the organization's accomplishments using the form.
Article Management & disclosures Intermediate
Short-term rentals, the sharing economy, and tax
This article discusses some things CPAs need to know as clients come to them with short-term rental income.
Article Income Foundational
An Update on Foreign Financial Account Reporting
This article revisits the reporting requirements for an FBAR and highlights FBAR reporting requirements that differ from those of Form 8938.
Article FATCA compliance & FBAR reporting Foundational
Tax Planning Opportunities for Tax Attributes and the Decedent’s Final Tax Return
This article describes tax planning opportunities to be considered for the final income tax return when the client is approaching death.
Article Reporting & filing requirements Intermediate
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