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 lays out the steps for determining whether a taxpayer qualifies as a real estate professional.
This article looks at the practice of tax-loss harvesting which can offer the potential for significantly increased after-tax returns.
This article discusses rules for carryovers, knowing how they affect taxpayers, and being prepared to discuss potential tax saving opportunities.
Proper planning may allow this tax to be deferred, reduced, or, in some cases, avoided completely.
This article discusses the advantages and disadvantages of rollovers to a Roth IRA.
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.
The PATH Act made amendments to the prohibited transaction safe-harbor test. This article discusses these amendments as well as issues that are surfacing.
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...
This article addresses when and why a Roth account makes good sense, as well as best practices in the Roth conversion process.
This article explores the execution of best practices, including tax-loss harvesting, realized gain budgeting, and supportive tax-lot accounting.
This article discusses some frequently asked questions with respect to the medical device excise tax and the current state of the law.