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Tax

About this topic

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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1040 Tax Return Workshop and Video Course

Provides you with the technical knowledge tax professionals need to service their individual and business tax clients.

Course – Online,   Course – Textbook Reporting & filing requirements Foundational

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

Closed years are fair game in exam of NOL carryovers

This article discusses how audits of net operating losses and other carryforwards can reach back past the otherwise applicable statute of limitation.

Article Examinations & audits Intermediate

To my mentors and mentees: Thank you

This article offers insights on the value of mentors and key traits great mentors share.

Article Coaching & mentoring Foundational

The canned software conundrum: Inconsistent state corporate income tax treatment

This item discusses the interplay between Public Law 86-272 and the federal treatment of computer software. treatment of computer software, as well as two states’...

Article Allocation & apportionment Intermediate

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

Valuation of family-owned entities for estate and gift tax purposes under Sec. 2704

This article discusses the rules governing the effects of lapses and restrictions on voting or liquidation rights of owners on the valuation of family-held entities.

Article Tax valuation Intermediate

Tax principles for the digital age

This article discusses Tax Policy Concept Statement No. 1, Guiding Principles of Good Tax Policy: A Framework for Evaluating Tax Proposals (TPCS-1) which is intended...

Article Practice management & professional standards Foundational

Sale of a residence in a QPRT

This item explores what happens if the residence is sold during the QPRT term.

Article Gift tax 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 Court upholds non–safe-harbor reverselike-kind exchange

The Tax Court’s decision in Estate of Bartell alleviates uncertainty about structuring a reverse like-kind exchange intended to qualify for nonrecognition treatment.

Article Allocations of profits & losses Intermediate