The Tax Court denies the taxpayers' claimed loss on the sale of their former home followed by an exclusion of cancellation-of-debt income.
Individual Income Taxation
The Tax Court holds that writing checks from funds distributed is not a transfer of an account interest incident to divorce.
The Tax Court holds that the treaty provisions apply to tribes, not individuals.
Middle-income taxpayers are more likely to have a greater benefit than before.
Annette Nellen, CPA, CGMA, Esq., chair of the AICPA Tax Executive Committee, outlines federal, state, and local tax obligations for clients involved in sharing economy activities.
The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.
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.