The Individual Tax section is a compilation of alerts and articles written by members of the ICPAS Individual Tax Committee as well as links to websites and other resources of interest to the individual tax community. Follow the links below for more information on these topics.

Individual Tax Committee Articles

  • Non-qualified Individual Annuities Are Taxable in Illinois. Here’s Why and More. +

  • Crypto Taxes for Like-Kind Exchanges +

  • Tax Cuts and Jobs Act of 2017 - An Overview of Individual Tax Provisions +

  • Opportunity to Defer Capital Gains +

  • Revocation or Denial of Passport in the Case of Certain Unpaid Taxes +

  • Extenders Added to Budget Bill +

  • Good News for Illinois LLCs +

  • Heads of Household, New Penalty! The Winds of Change are Blowing +

  • Individual Year-end Tax Planning for Vanishing Deductions +

  • Cook County Sweetened Beverage Tax +

  • New Rules Allowing Disaster Loss Election From Prior Year +

  • Individual Tax Incentives Expired at End of 2016 +

  • Practical Implications or Recently Enacted Legislation +

  • Deducting Executive MBA Expenses +

  • New Due Dates for Employer Healthcare Reporting +

  • Recent Letters from the IRS +

  • New IRS Form 2848 +

  • Non-Cash Charitable Contributions Substantiation Requirements +