AICPA News Update Vol. 14 No. 9
Newsletter:
1099 Repeal Bill Passed by the House of Representatives
Published on March 09, 2011
IRS Announces Mandatory Registration,Testing, and CPE for Return Preparers
Article:
The IRS announced plans to require all return preparers to register with the IRS and to require unenrolled preparers to pass a competency exam and meet continuing professional education (CPE) requirements
Published on January 28, 2011
Restricted Interest and Common Errors Made by the IRS
Article:
The Internal Revenue Code allows the IRS to charge interest when a taxpayer does not pay all required taxes by the due date of the return. The Code also requires the IRS to pay interest on refunds in certain circumstances. This item discusses the many nuances related to the computation
Published on June 30, 2011
Whats New With the Personal Financial Specialist (PFS) Credential
Article:
The AICPA and PFS Credential Committee have been working hard to provide a clear pathway for CPAs to obtain the personal financial specialist (PFS) credential. We are excited that several of these initiatives are currently being rolled out to the CPA community. We have partnered with The American College (AC)
Published on January 28, 2011
Current Developments in S Corporations (Part I)
Article:
This two-part article discusses in the S corporation area. Part I covers new tax laws, court cases, regulations, revenue procedures, and rulings on various S corporation administrative and operating provisions.
Published on April 17, 2012
IRS Issues Guidance on Accounting Method Changes for Repair Regs.
Article:
The IRS issued two revenue procedures detailing how taxpayers may obtain IRS automatic consent to the accounting method changes required by the new repair and tangible property regulations.
Published on April 30, 2012
Sec. 199 Exam Status and Update
Article:
The Sec. 199 deduction has garnered increased attention in IRS exams over the past two years
Published on January 28, 2011
AICPA News Update Vol. 14 No. 40
Newsletter:
Free Webinar: XBRL for Practitioners
Published on October 07, 2011
Tax Practitioners Face Increasing Regulation
Article:
Congress and the IRS have been focusing on regulating tax and financial services. Although the problems that are being addressed were not caused by CPAs, practitioners may be swept up in the solution.
Published on January 28, 2011
Final Circular 230 Regs. Implement Preparer Registration Rules
Article:
The IRS has issued final regulations implementing components of its initiative to register and regulate all paid tax return preparers.
Published on January 13, 2012
IRS Moves Forward with Preparer Registration Plan
Article:
On August 19, the IRS issued proposed regulations that would put into place many of the parts of its plan to register and regulate tax return preparers. This item reviews those proposed regulations and their possible impact on tax professionals.
Published on October 05, 2010
AICPA News Update Vol. 14 No. 48
Newsletter:
Vote Monday for Your Favorite AICPA Accounting Competition Semi-finalist Team AICPA and SHRM Announce 9 Winners of WLIFE Award Re-launched International Interest Area is Valuable Member Resource Free Webinars Available: Workflow Systems, Firm Retirement Plans and More Send the Financial Accounting Foundation a Comment Letter Supporting
Published on November 11, 2011
CPA Supervised Nonsigning Preparers and Non-1040 Preparers Exempted from Return Preparer Rules
Article:
The IRS has released guidance on the implementation of new regulations governing tax return preparers and provided an exception to its return preparer regulation plan for nonsigning preparers supervised by a CPA, attorney, enrolled agent, or other Circular 230 practitioner.
Published on May 03, 2011
IRS Practice and Procedures Committee Update
Article:
The IRS Practice and Procedures Committee held its semiannual meeting with executives of the Internal Revenue Service at the AICPA offices in Washington, DC, on May 18 and 19, 2009.
Published on January 28, 2011
IRS Issues Details on Fingerprinting and Other Registered Tax Return Preparer Requirements
Article:
The IRS provided more details of its still-developing requirements for all paid tax return preparers to be registered and undergo a background check, including fingerprinting.
Published on November 30, 2011