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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The Tax Court’s decision in Estate of Bartell alleviates uncertainty about structuring a reverse like-kind exchange intended to qualify for nonrecognition treatment.
This article illustrates the importance of drafting agreements so the income earned is paid to the correct party when an S corporation is involved.
This article discusses how an external sales and use tax policies and procedures review can help in avoiding problems before they occur.
A build-to-suit like-kind exchange usually requires a great deal of planning and may take some time.Learn more about build-to-suit arrangements in this article.
This article presents 10 ways that S corporations can lose their S election status, most of them involving trusts.
Congress made a notable change to the definition of qualifying property for bonus depreciation purposes. This article discusses the changes and items for consideration.
Restructuring an existing QSub in an attempt to qualify for an ordinary deduction is prohibited and might result in an unfavorable deferral of loss. This article...
This column outlines the special considerations and issues related to life insurance policies for S Corporations.
Hear a post-election analysis from AICPA’s tax policy and advocacy representatives in Washington, D.C.
This page includes common questions CPAs are asking about their S corporation clients affected by the Affordable Care Act.