Corrected to
scholarships
ARRA Expands Hope Scholarship Credit
Article:
The American Recovery and Reinvestment Act includes an expansion of the Hope scholarship credit that will provide additional support to many American families that have members attending post-secondary educational institutions. The expanded credit, called the American opportunity tax credit, modifies the...
Published on January 28, 2011
Tax Benefits for Education
Article:
An array of tax benefits are available to taxpayers, including income exclusions for educational assistance, scholarships, and distributions from qualified tuition plans and educational IRAs, as well as credits for tuition and certain education-related expenses and a deduction for tuition payments
Published on April 27, 2011
Hope vs. Opportunity Higher Education Tax Incentives
Article:
...starting after 2010 (Treasury Dept., General Explanations of the Administrations' Fiscal Year 2011 Revenue Proposals (PDF), February 2010, pages 21-22). This article compares the AOTC to the Hope Scholarship credit
Published on January 28, 2011
AICPA News Update - February 1, 2013
Newsletter:
...System Due to Court Ruling on Preparer Registration; New Tool Available: How to Manage Customer Value; Selected Content on CGMA.org to Be Locked Beginning Feb. 8; 2013-14 Scholarship Applications Now Available; Get the Latest News on AICPA Insights
Published on February 06, 2013
AICPA News Update - May 11, 2012
Newsletter:
...in a Family-Owned Business, Free Webinar: Small Firm Issues Update, AICPA Now Accepting Nominations for National Public Service Award, Apply for the 2012 P. Thomas Austin PFP Division Scholarship to Attend the Advanced Estate Planning Conference
Published on May 11, 2012
AICPA News Update Vol. 14 No. 4
Newsletter:
Tax Strategy Patent Bills Introduced in Senate
Published on February 01, 2011
International Students and the American Opportunity Tax Credit
Article:
The tax compliance of international students is now a more critical issue because of the partially refundable nature of the American opportunity tax credit.
Published on April 20, 2012
Improved Education Credit Opportunities for High-IncomeTaxpayers
Article:
For 2009 and 2010, the American opportunity tax credit provides increased credit amounts for higher education expenses. This article discusses how taxpayers can best take advantage of the credit.
Published on January 28, 2011
AICPA News Update - January 29, 2010
Newsletter:
January 29, 2010 issue: Chairman of Blue-Ribbon Panel on Private Company Reporting Appointed; IASC Foundation Publishes Free Training Material for IFRS for SMEs; AICPA Chairman: Get Involved and Start Young; Governance Depends on Solid Enterprise Risk Management and Internal Controls; Comments Sought on Draft Issues Paper on NFP Fair Value
Published on March 08, 2010
IRS Releases Some Annual Inflation Adjustments, Many Unchanged for 2011
Article:
The IRS released its annual revenue procedure making inflation adjustments for various credits and other tax items.
Published on January 24, 2011
AICPA News Update Vol. 14 No. 17
Newsletter:
AICPA Foundation Launches Revamped Website
Published on April 29, 2011
Inflation Adjustments for 2013
Article:
The IRS released its annual revenue procedure making inflation adjustments to the gift tax annual exclusion and other items for tax years beginning in 2013.
Published on November 30, 2012
Dependency Exemption Issues for College Students
Article:
Parents and tax professionals can no longer assume that a college student will remain a dependent of the parent until he or she graduates. With the variety of funding sources students use to pay for the ever-increasing cost of higher education, many are likely to provide over one-half of their
Published on April 27, 2011
U.S.-Source FDAP Income Compliance Designated as Tier 1 Issue
Article:
The IRS has designated the obligation of U.S. withholding agents to report and withhold on U.S.-source fixed or determinable annual or periodic (FDAP) income as a Large and Mid-Size Business (LMSB) Division Tier 1 issue.
Published on January 28, 2011
Effects of Emergency Economic Stabilization Act Provisions on Individuals
Article:
The Emergency Economic Stabilization Act of 2008 provides alternative minimum tax (AMT) relief, energy tax credits, and disaster relief for individuals. It also extends the availability of the exclusion from gross income of discharges of qualifying mortgage debt and several other provisions affecting individuals that had expired at the end
Published on April 19, 2010