Reversing the Tax Court, the Seventh Circuit held that the two-year limitation period for filing an equitable innocent spouse claim under Sec. 6015(f) in Regs. Sec. 1.6015-5(b)(1) was valid.
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Case Studies for Book-Tax Differences in the Classroom
The authors discuss how to most effectively cover book-tax differences in financial accounting and tax courses and how to prepare accounting graduates for this type of work in the profession.
Guidance on Health Coverage for Adult Dependents
An IRS notice and interim final rules provide guidance on the tax treatment of health coverage for children who have not yet turned 27.
Lessons from Federal Tax Court
A tax court experience is a valuable one for students at many levels and across a broad spectrum of accounting programs.
Health Care Reform Adds New Taxes
The Patient Protection and Affordable Care Act (the Patient Protection Act) and the Health Care and Education Reconciliation Act of 2010 (the Reconciliation Act) add a number of new taxes and make various other revenue-increasing changes to the Code in order to help finance health care reform.
Final Interim Regulations Issued on Adult Dependent Health Coverage
The IRS, along with the Department of Labor and Department of Health and Human Services, issued interim final regulations for group health plans and health insurers relating to dependent coverage for children under the age of 26
IRS Provides Guidance on Health Coverage for Adult Dependents; Addresses Discrepancies in Law
The IRS issued guidance April 27 on the tax treatment of health coverage for children who have not yet turned 27.
Court Adopts “Reason to Know” Test for Innocent Spouse Cases
The Sixth Circuit adopted the “reason to know” test for determining whether a taxpayer was eligible for innocent spouse relief from tax liability for an understatement arising out of an erroneous deduction on a tax return.
Tax Court Allows Medical Deduction for Sex Change Operation
In a case of first impression, the Tax Court has held that a taxpayer can take a medical expense deduction for the costs of her sex change operation (O’Donnabhain, 134 T.C. No. 10).
Individual Taxation: Digest of Recent Developments
This article covers recent significant developments affecting taxation of individuals, including legislative changes, cases, regulations, and other IRS guidance.
Obtaining Tax Benefits with Health Savings Accounts
The Medicare Prescription drug and Modernization Act established health savings accounts (HSAs), which are aimed primarily at self-employed taxpayers, small business owners, and employees of small to medium-sized firms. Eligible individuals can make tax-deductible contributions into HSA accounts. The earnings inside the HSA are free from federal income tax, and funds can be withdrawn tax free to pay health care costs.
Reel Life in the Tax Classroom: Learning Through Movies
One of the challenges in the tax classroom is to develop students’ ability to recognize when a tax issue exists as a result of a situation/transaction so that the students can then research an answer or planning opportunity and communicate that idea. This column describes a project designed to be used in the first introductory tax class, which accomplishes the learning outcomes described above while engaging Generation Y’s digital interest and desire for collaboration.
CPA Exam Aligns with Model Tax Curriculum
The content of the Uniform CPA Examination has been updated and now reflects many of the recommendations of the Model Tax Curriculum.
Individual Taxation Report
This article covers recent significant developments affecting taxation of individuals, including cases, IRS guidance, and legislative changes.
Chief Counsel Outlines Litigation Tactics for Innocent Spouse Cases
The IRS Chief Counsel’s office has released a memorandum outlining IRS litigation tactics in innocent spouse cases (CC-2009-021).
Deductibility of Bankruptcy Costs and the Origin of the Claim
Costs incurred in a bankruptcy filing can be categorized as either personal or business related. A taxpayer cannot deduct those categorized as personal expenses but can deduct those categorized as business expenses.
Service Learning and Tax: More Than VITA
This column provides readers with some thoughts for integrating service learning using tax issues as the content platform. The column describes the projects used by the author and some additional thoughts for expanding the scope of tax-based service learning projects beyond VITA.
Limitation Period for Equitable Innocent Spouse Relief Held Invalid
In a decision of the full court, the Tax Court held that Regs. Sec. 1.6015-5(b) (1), which imposes a two-year limitation period for requesting equitable innocent spouse relief, is an invalid interpretation of Sec. 6015(f).
Tax Court Not Limited to Administrative Record in Innocent Spouse Cases
The Eleventh Circuit held that the Tax Court properly considered evidence outside the administrative record in a trial to determine whether a taxpayer was entitled to innocent spouse relief.
Adapting Accounting Education to the Generations: Working with the Millennials
The changing characteristics of college students provide a challenge for accounting educators and employers.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
