Schedule A Archives | EA Journal

Feature Article

Not Every Internal Revenue Service Letter Is an Audit: Representing Individual Taxpayers in Underreporter and Correspondence Examination Matters

Most individual taxpayers who hear from the Internal Revenue Service (IRS) never sit across a table from an examiner. They open an envelope. What that envelope contains may come from either of two distinct compliance programs, and the d... Anish Sanghi, EA

Fall 2026, Feature Article, §6662, Form 4549, FTA, Centralized Authorization File, Automated Underreporter, Automatic Exemption from Penalty program, Form 1099-B, AUR, AEP, Schedule A, CP 2501, §6664(c)(1), Form 8949, Circular 230 §10.22(a), audit, failure-to-file, Form 1040-X, IRS Document Upload Tool, CP2000, failure-to-pay, examination, Form 12203, Schedule C, failure-to- deposit, Schedule D, §6212, Form 2848, Circular 230 §10.21, §6664(c), Form 12661, earned income tax credit, Circular 230 §10.33, §6511, EITC, §7602(a), First- Time Abatement program

Feature Article

Foreign Corporations, Form 5471, and the Perils of Offshore Noncompliance

Form 5471 is required to be filed by United States (U.S.) persons—citizens, resident aliens, domestic partnerships, and corporations, and certain estates and trusts—who are officers, directors, or 10... Manasa Nadig, EA

Spring 2026, Feature Article, FMV, §318, Form 5471, Schedule R, Schedule F, Treas. Reg. §1.6046-1(i), Form 3520, §6677, Schedule B, §958(a), Form 3520-A, Raj J. Mukhi, Farhy v. Commissioner, §958(b), fair market value, §6038(c), Schedule G, Schedule A, FBAR, §6013, CDP, foreign corporation, Schedule C, Schedule H, §965, offshore noncompliance, GILTI, Schedule M, controlled foreign corporation, §6679, Schedule E, Schedule O, CFC, §6046, Form 8938, Schedule P, Schedule I, §6038B(c), Form 926, Schedule Q

Health Savings Accounts: An Often-Overlooked Tax Savings

Feature Article

Health Savings Accounts: An Often-Overlooked Tax Savings

For certain taxpayers, such as high-income employees, it is challenging to find ways to reduce federal tax liabilities proactively. Since high-income employees often have sufficient cash to fund out-of-pocket medical expe... Thomas Gorczynski, EA, USTCP

July/Aug 2022, Feature Article, HDHP, High-deductible health plan, self-employed, Schedule A, healthcare, §36B, wealth, IRA, health savings account, adjusted gross income, AGI, HSA