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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This article discusses the concept of domicile which can protect taxpayers who have residences in more than one state.
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.
This article explores the income tax issues that arise from owning or living in a home with a person other than a spouse.
See how to report income from Airbnb and similar “sharing economy” activities.
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...
This article lays out the steps for determining whether a taxpayer qualifies as a real estate professional.
This item discusses the tax implications of the Internal Revenue Code's recognition of the married status of same-sex couples.
This article looks at the practice of tax-loss harvesting which can offer the potential for significantly increased after-tax returns.
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.
As CPAs and their staffs train and ready their equipment, they might add these reminders of what’s new and notable for 2016 returns.
This article discusses rules for carryovers, knowing how they affect taxpayers, and being prepared to discuss potential tax saving opportunities.
It is common for aging homeowners to renovate their home to accommodate their disability. This article examines what qualifies for the medical expense deduction,