CPAs and Privileged Communications
Even though the privilege has been traditionally reserved for attorneys, as the world has became more complex, the courts have expanded privilege beyond attorneys to include accountants in certain situations.
Published on October 01, 2013
CPAs and Comfort Letters The New Chocolate
For years, CPAs have been asked by third parties for verification, confirmation, certification, corroboration, authentication, or substantiation of their clients’ financial information. Negative connotations have often been associated with these requests.
Published on July 01, 2013
Do We Really Have Privilege
This item discusses the limits of the privilege for communications between a tax practitioner and client under Sec. 7525.
Published on October 01, 2010
AICPA News Update Vol.12 No.35
Q&A Explains Basics of FASB/IASB Revenue Recognition Project that Will Affect Nearly All Contracts, AICPA White Paper Explains Practitioner ’s Role in Internal Control Services, Technical Practice Aids Issued on Investment Companies, Business Brief Highlights Progress on Integration of ERM Analysis into Corporate Credit Ratings, Free Web
Published on June 24, 2011
Memo Addresses Treatment of Fraudulently Altered Returns
The Office of Chief Counsel advised on a number of issues regarding returns where a preparer, after issuing the taxpayers refund anticipation loans, increased the amount of the charitable contribution deductions claimed on the returns without the taxpayers’ knowledge or consent to increase the refund received from the IRS.
Published on July 01, 2011
Information regarding the AICPA Guide families.
Published on November 03, 2014
Updated Guidance on the Determination of Basis of Stock in Transferred Basis Transactions
Rev. Proc. 2011-35 provides four safe-harbor methodologies that a corporation may use to establish its basis in the stock of another corporation in a type B reorganization or certain other transferred basis transactions.
Published on November 01, 2011
AICPA News Update Vol. 14 No. 6
New Service Organization Control Reports Replace SAS 70 Reports
Published on February 11, 2011
AICPA News Update - April 20, 2012
In this issue: AICPA White Paper Explains COSO’s Proposed Updated Framework, AICPA Chairman: New Opportunity for CPAs Reporting on Controls at Service Organizations, Tangible Property Regs Need More Work to Help Taxpayers, SEC Study on Private Extraterritorial Securities Fraud Contains No Recommendations for Expanding Liability Provisions, Discover the Concept of Shared Value, Free AICPA Webinars
Published on April 20, 2012
IRS Broadens 70% Safe-Harbor Deduction for Investment Advisory Milestone Payments
Recent guidance is favorable to taxpayers and simplifies the determination of which milestone payments qualify for the 70% elective safe harbor.
Published on September 01, 2014