| Developments in individual taxation|
By members of AICPA Individual and Self-Employed Tax Technical Resource Panel
This semiannual update covers many recent developments affecting individuals, discussing a number of pandemic-related developments, including provisions permitting early distributions and loans from retirement plans.
Assessment statutes of limitation and the Sec. 965 transition tax
By John Keenan, J.D.; Matt Cooper, J.D.; and Michael Troy, J.D.
The transition tax on earnings accumulated in foreign corporations has quickly become an area of focus for the IRS. Here’s a look at guidance it is providing its revenue agents and field examiners.
Charitable income tax deductions for trusts and estates
By Amber Hopp, CPA, and Laura Hinson, CPA
The rules for charitable contribution deductions for estates and trusts are substantially different from those for individuals and corporations. Find out how they differ.
5 ways to motivate your team during tax season
By Rita Keller
Get the best out of your team by setting clear expectations and recognizing good work, among other things.
American Rescue Plan Act passes with many tax components
The $1.9 trillion coronavirus relief bill contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.
The IRS should move the April 15 due date
By Edward Karl, CPA, CGMA
Although AICPA members are split on moving the date, here are the reasons it makes sense to delay it.