Individual Income Taxation

TOPICS

July 1, 2017

Court grants hardship waiver for rollover failure

The Tax Court held it would be against “equity or good conscience” to deny an ex-NYPD police officer a hardship waiver for failing to meet the rollover requirement while he was suffering from a “major depressive disorder.”

July 1, 2017

Contributions to HSAs

Deductible HSA contributions can be used to offset all forms of income.

July 1, 2017

Statistical sampling and resulting allocations under fixed-asset studies

This item discusses a methodology to sample expenditures by reviewing amounts capitalized for
book purposes and to determine the extent to which they should be classified as tangible personal property or expensed for tax purposes.

July 1, 2017

IRS issues 2018 inflation adjustments for HSAs

The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts.

June 22, 2017

Tax provisions in the Senate health care bill

The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.

May 11, 2017

IRS notice response tips everyone should know

This column discusses IRS notices and how taxpayers should react to them.

May 4, 2017

Dealing with state tax issues? It comes down to domicile

Most states that have a personal income tax have a function whereby the taxpayer can file as a full-year resident, a partial-year resident, or a nonresident.

May 1, 2017

TIGTA issues reports on taxpayers who received advance premium tax credits

Health care exchanges failed to properly verify the identity and eligibility of all individuals who received the advance premium tax credit, the Treasury Inspector General for Tax Administration reported.

May 1, 2017

Data analytics: A high-level introduction for accounting practitioners

Tax practitioners better trained in data analytics could improve decision-making in several areas.

April 1, 2017

Joint return not valid where one spouse filed separate return

A joint return with only one spouse’s signature was not valid.

April 1, 2017

Tax issues for nontraditional households

This article explores the income tax issues that arise from owning or living in a home with a person other than a spouse.

April 1, 2017

IRS rules defining dependents and EITC qualification are to be amended

The IRS proposed changing its position on when taxpayers may qualify as childless for purposes of the Sec. 32 earned income tax credit.

March 30, 2017

Form 1040NR enters the 21st century

Nonresident filers can now file their 2016 Form 1040NR electronically.

March 23, 2017

How to determine profit motive

This column examines two U.S. Tax Court cases addressing profit motive.

March 13, 2017

IRS takes down student financial aid data retrieval tool

The IRS announced that has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid.

March 9, 2017

Maximizing the EITC for deployed troops

This article discusses why deployed troops who are in harm’s way are getting less benefit from the EITC, how it affects their households, and a simple solution to the problem.

March 7, 2017

Proposed PPACA replacement bills contain many tax changes

The draft proposals to repeal the Affordable Care Act released by House Republicans evening would make many tax changes if enacted. Here’s a look at their impact on the tax code.

March 7, 2017