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Specialized issues

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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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

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

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

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

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

Deciding Whether to Roll Over to a Roth IRA

This article discusses the advantages and disadvantages of rollovers to a Roth IRA.

Article Process, taxation & strategies Intermediate

In-home caregivers: Answers to tax and nontax questions

To make the process of hiring a caregiver less burdensome, this article answers the tax and nontax questions that arise when a family hires someone to help in the home.

Article Specialized issues Foundational

PATH Act Modifies REIT Prohibited-Transaction Safe Harbors

The PATH Act made amendments to the prohibited transaction safe-harbor test. This article discusses these amendments as well as issues that are surfacing.

Article C corporation income taxation Intermediate

Valuing and Substantiating Charitable Contributions

The burden of establishing fair market value of clothing and household items gifted to charity is on the taxpayer. This case study breaks down some of the...

Article Specialized issues Foundational

When clients should open or convert to a Roth IRA

This article addresses when and why a Roth account makes good sense, as well as best practices in the Roth conversion process.

Article Retirement plans & savings vehicles Intermediate

Helping Your Clients Execute a Tax-Aware Investment Plan

This article explores the execution of best practices, including tax-loss harvesting, realized gain budgeting, and supportive tax-lot accounting.

Article Practice management & professional standards Intermediate

Medical Device Excise Tax: Moratorium Considerations and FAQs

This article discusses some frequently asked questions with respect to the medical device excise tax and the current state of the law.

Article Tax computation Intermediate