Constructing the effective tax rate reconciliation and income tax provision disclosure
A lesson helps students develop the skills necessary to spot book-tax differences that affect corporations’ effective tax rates.
Specialized Issues
Guidance adds preventive care items to high-deductible health plans
The IRS added 14 types of preventive care items that qualify to be provided under a high-deductible health plan to treat chronic medical conditions.
Flip the tax return with a professor-prepared tax return
Now that IRS forms have been created to reflect the changes of the TCJA, a professor-prepared tax return assignment gives faculty an opportunity to introduce their students to new tax law complexities.
Educating students for expanded financial planning careers
The AICPA is integrating personal financial planning into university-level curriculum in a manner that would help prepare prospective CPA candidates to qualify for the Personal Financial Specialist credential shortly after obtaining their CPA license.
Tax credits in bankruptcy
Tax refunds that count as "public assistance benefits" may be exempt in bankruptcy.
Personal exemption rules clarified for 2018 tax year health-related provisions
IRS guidance clarifies what it means to claim a personal exemption deduction.
Modeling investment tax planning with Excel
Case studies provide a template for accounting educators to develop students’ problem-solving and decision-making skills while also enhancing their competency in Excel.
How the suspension of personal exemptions affects health-care-related provisions
IRS guidance clarifies what it means to claim a personal exemption deduction.
Recent developments in individual taxation
This semiannual review covers changes made by the TCJA, cases and guidance involving hobby losses, qualifying as a real estate professional, innocent spouse relief, and other key topics affecting individuals.
The art of PechaKucha: From the classroom to the boardroom
Mastery of PechaKucha can help presenters grab an audience’s attention, calm their own nerves, and avoid several common presentation mistakes.
IRS adjusts HSA limits for 2018, announces 2019 limits
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
Does an early retirement distribution qualify for the medical expense exemption?
This article examines three Tax Court cases where the petitioners attempted to use medical hardship to avoid rules on early withdrawals.
IRS issues HSA contribution limits for 2019
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
Using big data to identify tax risk
This column provides background on usable data readily available from the IRS and a case study in which students can use the IRS data to assess audit risk.
IRS gives taxpayers relief from erroneous HSA contributions
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.
Individual taxation: Report of recent developments
This article is a semiannual review of developments in individual federal taxation, including issues of alimony, trade or business expenses, and recognition of loss.
A new approach to ethics education: Giving voice to values
The Giving Voice to Values approach focuses on putting ethics into action.
Taxpayers must comply with health care reporting requirements on 2017 returns
This filing season will be the first time the IRS has enforced this requirement and will not accept tax returns that omit this information.
Preparing the income tax footnote: A comprehensive study in Excel
This Excel–based case study gives accounting students and entry-level accounting staff experience working with the requirements of FASB ASC Topic 740, Income Taxes.
IRS will enforce health coverage reporting on 2017 returns
This filing season will be the first time the IRS has enforced this requirement and will not accept tax returns that omit this information.
