For linear regression:
If the variable is right skewed, a log transformation of the data is suitable. If the variable is left skewed, square, cubic or higher powers is suitable.
Source: http://fmwww.bc.edu/repec/bocode/t/transint.html
For the independent variables:
I applied higher powers for my left skewed data, but they are still left skewed. What do I do? Do I just leave the data as it is when I run my linear regression? Well certainly, my AICs are better without the transformation.
When I got rid off the transformation, the linear regression results are the same as before with the transformation.