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Individual income taxation

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

How to apply the latest changes when preparing federal income tax returns, plus tips on advising individual clients on new developments and tax-saving ideas.

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

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