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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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Dealing with state tax issues? It comes down to domicile
This article discusses the concept of domicile which can protect taxpayers who have residences in more than one state.
Article Domicile Foundational
Canceled debt is partially excludable
This article provides insight on why a married couple's interest in their retirement plan was not considered an asset for purposes of the COD insolvency test.
Article Individual income taxation Foundational
Tax issues for nontraditional households
This article explores the income tax issues that arise from owning or living in a home with a person other than a spouse.
Article Deductions Foundational
More on short-term rentals
See how to report income from Airbnb and similar “sharing economy” activities.
Article Income Foundational
Maximizing the EITC for deployed troops
This article discusses why deployed troops who are in harm’s way are getting less benefit from the EITC, how it affects their households, and a simple solution to the...
Article Credits Intermediate
Navigating the Real Estate Professional Rules
This article lays out the steps for determining whether a taxpayer qualifies as a real estate professional.
Article Specialized issues Intermediate
Marriage Equality: Taxes, Death, and Everything in Between
This item discusses the tax implications of the Internal Revenue Code's recognition of the married status of same-sex couples.
Article Reporting & filing requirements Foundational
Reexamining tax-loss harvesting: Better results through enhanced understanding
This article looks at the practice of tax-loss harvesting which can offer the potential for significantly increased after-tax returns.
Article Process, taxation & strategies Intermediate
Accelerating AMT Credits in Lieu of Bonus Depreciation
This article explains when electing to accelerate the AMT credits makes sense for taxpayers and when they will achieve better results by using bonus depreciation.
Article Credits Intermediate
Getting in shape for tax season
As CPAs and their staffs train and ready their equipment, they might add these reminders of what’s new and notable for 2016 returns.
Article Credits Intermediate
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
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
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