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.
Take a knowledge check to evaluate your proficiencies and find related learning resources.Get started
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.
The private-equity group (PEG) space has become inundated with state income tax issues and traps for the unwary. This article illustrates this type of situation.
This article presents some important considerations the client should take into account before giving and LLC or limited partnership unit to charity.
This article discusses efficient strategies for a tax department to consider when planning a statistical sample to estimate qualified research expenditures.