The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.
Individual Income Taxation
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
Consumers are seeking a primary point of contact to address the full scope of their financial needs.
Due diligence begins with one question you should be asking every client, according to Annette Nellen, CPA, CGMA, Esq.
The IRS announced it will allow taxpayers to treat $6,900 as the 2018 limit for deductible contributions to HSAs for individuals with family coverage.
The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018.
Amounts received from online funding appeals for charitable causes or individual relief may qualify for exclusion from taxable income.
This little-known provision allows payments to be excludable from employees’ income and deductible by the employer.
The Service's narrowed request seeking unreported virtual currency transactions was made in 'good faith.'
Payment to the taxpayer's ex-wife was not alimony, as it would not have terminated upon her death under English law.
AICPA tax policy experts discuss advocacy efforts related to the recent tax overhaul bill and the role member input will have on its implementation.
The Tax Court holds that a Sec. 86 election was not made and would not have reduced the tax liability.
The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.
This podcast offers answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.
In this Q&A, AICPA policy experts discuss wide-ranging implementation challenges and members’ role in advocating for guidance and technical corrections.
Congress enacted tax reform legislation in December that will affect all taxpayers. Changes include new tax rates, modified credits and deductions, and a host of other amendments.
A taxpayer established that she never intended to be the primary obligor on the loan.
The IRS issued Notice 2018-14 to provide more guidance on the withholding rules that were changed by P.L. 115-97, known as the Tax Cuts and Jobs Act.
The IRS issued new tax withholding tables for 2018 to be used to implement the changes to the tax law enacted last month.
With fewer new regulations and laws to reckon with, CPAs may find the 2018 tax season a good time to review their own procedures. Plus: Our annual quick guide, a PDF tax season reference highlighting dollar thresholds, tax tables, standard amounts, credits, and deductions.