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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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U.S. tax and FASB’s new paradigm for revenue recognition
This sweeping new standard for revenue recognition has many important tax considerations. This article explains those considerations.
Article Revenue recognition Intermediate
Accounting period planning may provide preferred year
This item highlights the accounting period rules and the guidance for changing an accounting period for the most common types of entities.
Article Period selection Intermediate
Considering cash: Advantages and availability of the cash method of accounting
This article discusses the cash method of accounting and how it can be used by a range of taxpayers.
Article Methods Intermediate
New PATH for depreciation
This article discusses new opportunities for accelerated depreciation and expensing of qualifying real property that CPAs should explore with their business tax client.
Article Methods 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
Special depreciation: 3 choices present new options
Recent changes have given taxpayers three attractive options for taking deductions in the year property is placed in service. This article explores the options.
Article Methods Intermediate
Benefiting From New Tangible Property Regulations and Disposal Provisions
This article discusses how a taxpayer could have benefits of both the MACRS disposition regulations and tangible property regulations.
Article Capitalization & depreciation Intermediate
Avoiding Cost Segregation Recapture Tax
This article explores ways to lower any depreciation recapture when disposing of a property.
Article Capitalization & depreciation Intermediate
Deduct Your Demolished Building Using a General Asset Account
Using a GAA for a building that will be demolished can save taxpayers money, but it must be elected as soon as it is placed in service. This article explores the matter.
Article Capitalization & depreciation Intermediate
How Internet Domain Names Are Taxed
IRS guidance addresses the tax treatment of generic and nongeneric internet domain names. This article discusses the treatment identified in the guidance.
Article Capitalization & depreciation Intermediate
Bonus Depreciation After the PATH Act
Congress made a notable change to the definition of qualifying property for bonus depreciation purposes. This article discusses the changes and items for consideration.
Article Specialized issues Intermediate
IRS Affirms Deductibility of Some—but Not All—Computer Software Development and Implementation Costs
This article discusses the Chief Counsel Advice related to the treatment of Computer Software Development and Implementation Costs.
Article Capitalization & depreciation Intermediate
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