AICPA News Update - January 11, 2013 

    IRS Delays Start of Tax Season to Jan. 30 
    Published January 11, 2013

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    AICPA

    AICPA News Update
    A Weekly Email Newsletter on Issues & Events Surrounding the CPA Profession
     
           
     
      In This Update: January 11, 2013 - Volume 16 No. 2  
     
    IRS Delays Start of Tax Season to Jan. 30
    AICPA Survey: Most AICPA Members Believe Deficit Reduction Should Be Government’s Top Economic Priority
    AICPA and NYSSCPA Release Modifications of Form TC309 for NYC Certiorari Filings
    Have You Seen the New Journal of Accountancy Mobile Website?
    Free Webinar: Offer Your Clients Answers to Complex Questions About ESOPs
    Catch up on the Latest News from the CPA Profession
            
     
    IRS Delays Start of Tax Season to Jan. 30
     

    Earlier this week, the Internal Revenue Service announced that it will start accepting most individual tax returns on Jan. 30. However, because of form and system changes required by the Jan. 2 enactment of the American Taxpayer Relief Act of 2012, some taxpayers will not be able to file until Feb. or March. Read more in this JournalofAccountancy.com article. Get a comprehensive look at the tax changes in this webinar, Breaking Down the Fiscal Cliff: A Comprehensive Walk-through of the Tax Provisions for 2012 and Beyond, to be held 1 to 2 p.m. ET on Jan. 18.

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    AICPA Survey: Most AICPA Members Believe Deficit Reduction Should Be Government’s Top Economic Priority
     

    Cutting the federal budget deficit should be the government’s top economic priority, according to an AICPA survey of its members. Among respondents, 54% identified deficit reduction as the top economic priority for the United States, ahead of creating jobs (23%), tax reform (18%) and ensuring the long-term stability of Social Security and Medicare (5%). This survey is part of an ongoing AICPA initiative to raise public awareness about the growing federal debt and its impact on the nation’s long-term fiscal health. Related efforts include development of the video What’s At Stake? A CPA’s Insights into the Federal Government’s Finances and a resolution passed by the AICPA Board of Directors supporting two nonpartisan efforts promoting fiscal responsibility. More information about this initiative, the full survey results and resources to help raise awareness about the potential impact of the federal debt are on the AICPA website

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    AICPA and NYSSCPA Release Modifications of Form TC309 for NYC Certiorari Filings
     

    If your practice includes providing an opinion on operating income and expenses for New York City Tax Commission certiorari filings, please be advised that the auditor is required to modify Form TC309, Accountant's Certification, in order to comply with new generally accepted auditing standards effective for periods ending on or after Dec. 15, 2012. Thanks to the efforts of the Real Estate Committee of the New York State Society of CPAs, who worked with the AICPA Audit and Attest Standards Team, the Tax Commission of the City of New York has agreed to accept the modifications to Form TC309 that are necessary to comply with the AICPA’s professional standards. Wording of the modifications can be found on AICPA.org.

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    Have You Seen the New Journal of Accountancy Mobile Website?
     

    More and more members are using their iPhones and Android phones to access news online. A new mobile version of the Journal of Accountancy website is designed to fit phone screens–making it easy to read and share accounting news from your smartphone. You can also read the current issue, subscribe to breaking news alerts, watch videos and more. Check it out by visiting journalofaccountancy.com from your iPhone, Android or Windows phone.

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    Free Webinar: Offer Your Clients Answers to Complex Questions About ESOPs
     

    Have you considered and recommended selling some or all of the company stock to an Employee Stock Ownership Plan? Register now for the free webinar (no CPE), Liquidity and Succession Planning Using ESOPs...The State of the Market, to be held 2 to 3:30 p.m. ET on Jan. 16, as experts examine the realistic implications of an ESOP.

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    Catch up on the Latest News from the CPA Profession
     

    Now that the major holidays have passed and busy season is just around the corner, spend some time catching up on news concerning the CPA profession. Read the latest Issue of GAA Accounting and spend some time on AICPA Insights®. Subscribe to the RSS feed or email service and stay on top of trends and developments.

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