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Welcome to the AICPA's new Financial Reporting Center

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As an AICPA member you will find resources to assist you across the entire financial reporting process. Whether you are involved in accounting, preparing financial statements, or performing compilation, review, audit, attest, or assurance and advisory engagements, this new Center will support you in the execution of high-quality financial reporting by providing:

  • Financial reporting news and developments
  • Financial reporting guidance and resources such as articles, presentations, and frequently asked questions
  • Industry insights on important financial reporting topics
  • A Standards Tracker to help you stay current on recently issued FASB, ARSC, and ASB standards
  • Insight and guidance to help you avoid common financial reporting pitfalls
We welcome your feedback on the new Center.

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The AICPA provides tax practice tools to help members elevate their practices and maintain the highest ethical standards. The AICPA also advocates sound tax policy and effective tax administration.
Practice Support
The AICPA supports its members’ practices with the comprehensive and annually updated tax practice guides and checklists.
Advocacy
The AICPA supports both the public interest and its members by advocating sound tax policy and effective tax administration.
Professional Standards & Ethics
Resources are provided to help AICPA members maintain the highest professional standards in tax practice.

Spotlight News

What's Hot for AICPA Tax Advocacy in 2012?
Form 1099-K (credit card transaction reporting) and foreign asset reporting (FATCA and FBAR) are among the issues that the AICPA Tax Division is preparing to offer comments on. Read this latest blog by Tax Advocacy Director Melissa Labant to see what else we are doing to express members' concerns to policy makers regarding the impacts of rules and regulations.
Proposed FATCA Regulations Released!
Treasury and the IRS released regulations to govern how foreign financial institutions (FFIs) need to report accounts held by US taxpayers. The regulations lay out a step-by-step process for U.S. account identification, information reporting, and withholding requirements for FFIs, other foreign entities, and U.S. withholding agents. A public hearing will be held May 15.
Practice Standard Interpretations for Returns & Tax Planning Are Now Effective
The AICPA recognizes members' need for adequate guidance for providing tax planning services - Interpretation 1-2 helps clarify existing standards and how those standards would apply across the spectrum of tax planning. SSTS 1-1 gives numerous examples of situations involving government disclosure standards to clarify the practitioner's responsibility.
IRS Providing Transitional Relief for Form 8937 Filers
Some relief from penalties will be available for those required to report actions that affected their stock basis during calendar year 2011.

IRS Over-Automation, Staff & Funding Shortages Compromise Taxpayers
National Taxpayer Advocate Nina Olsen told Congress that funding shortages and over reliance on automation are big issues facing taxpayers. Automatic corrections to returns that prove to be incorrect can be difficult to fix.

Offshore Voluntary Disclosure Program Reopens
Offshore Voluntary Disclosure Program reopened for indefinite period. More information to be released by IRS in next month.

Popular Resources 

Keep up to date on what’s new. The AICPA wants your practice to thrive. Take a look at the benefits your AICPA membership provides and the extra perks you can get by joining the Tax Section, such as the highly popular guides and checklists.

Recent Comment Letters & Testimony 

The AICPA meets regularly with federal officials and lawmakers to address issues of concern to CPAs and to advocate for effective tax administration. Check out our most recent efforts:
 

New Practice Resources 

2011 Tax Practice Guides and Checklists 
The wait is over! Our annual Tax Practice Guides and Checklists for the 2011 tax year are now available.  In addition to the Word and PDF versions, we now offer a new online verson - the Interactive Tax Checklists - for todays' digital CPA.  Like the Word and PDF versions, this new interactive tool is free to Tax Section members.  This resource alone is worth the cost of joining the Tax Section.
Tax Practitioners Toolkit: Communicate Your Value

Demonstrate your knowledge of important  2011 tax provisions to your clients with brochures and presentations from the Tax Practitioner's Toolkit.  The toolkit also offers many resources to position you as the premier providers of tax services.

Have Questions? 



How to Reach the Tax Team:

  • Email:  service@aicpa.org
  • Call:  888-777-7077
  • Write:  1455 Pennsylvania Avenue, NW, Washington, DC  20004

Invest in your practice today by joining the Tax Section.
 

Read tax-related posts on the Institute's new blog AICPA Insights.
 

Join our Tax Practitioners' LinkedIn group!
 
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