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Income

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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Individual Tax Fundamentals - Tax Staff Essentials

Provides participants and tax professionals up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals

Course – Online Reporting & filing requirements Foundational

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

Tax Staff Essentials, Level 1 - New Staff

Level 1 is designed to help beginning staff members develop a strong set of core skills. It focuses on individual and S corporation tax compliance plus professional...

Course – Online Reporting & filing requirements Foundational

Taxation of Property Transactions - Tax Staff Essentials

Offers a practical understanding of the various complex tax laws dealing with the sale, disposal, or exchange of property.

Course – Online Capitalization & depreciation Intermediate

Annual Tax Update: Individuals and Sole Proprietors

Gain practical insights and valuable tax-saving strategies from AICPA’s seasoned tax professionals who know what the new laws, rules and court rulings can mean for...

Course – Textbook,   Course – Online Income Intermediate

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

Short-term rentals, the sharing economy, and tax

This article discusses some things CPAs need to know as clients come to them with short-term rental income.

Article Income Foundational

Net Investment Income Tax: How Does It Affect You?

Proper planning may allow this tax to be deferred, reduced, or, in some cases, avoided completely.

Article Income Intermediate

Taxation of Gambling

This article discusses factors related to taxation of gambling winnings and losses including permitted deductions, records requirements, and special rules for...

Article Income Intermediate

Foreign Currency Straddles and Transactions Present Complex Tax Issues

With a focus on a foreign currency straddle transaction example, this article discusses the scope and application of Code secs. 1092, 1256, and 988.

Article Income Intermediate

Charitable IRA Distributions: A Great Opportunity

This article discusses what a “qualifying charitable distribution” is and explores the tax benefits of charitable IRA distributions.

Article Income Intermediate