Incorporating the Statement on Responsibilities in Personal Financial Planning into a Tax Practice

Article:  This column explains the Statement on Responsibilities in Personal Financial Planning Practice, issued by the AICPA’s PFP Executive Committee, and discusses how practitioners can use it to help clients with personal financial planning.
Published on January 13, 2012

Current Corporate Income Tax Developments, Part I - 2011

Article:  Part I of this two-part article focuses on nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions.
Published on January 22, 2013

AICPA Tax Standards Strengthened

Article:  Revised AICPA statements on standards for Tax Services (SSTS) became effective on January 1, 2010, and provide high, enforceable ethical responsibilities for CPAs in providing tax services.
Published on April 13, 2010

IRS Releases Final Regulations and Interim Guidance on Medical Device Excise Tax

Article:  Treasury published final regulations and additional interim guidance relating to the medical device excise tax.
Published on February 28, 2013

Preparing for the Medical Device Excise Tax

Article:  Taxpayers may face a number of unresolved issues in preparing to comply with the new excise tax on sales of medical devices.
Published on June 30, 2012

Sec. 7216 Regulations

Article:  The AICPA Tax Division has formed a task force to review the impact of final regulations released by Treasury and the IRS in January 2008, involving the disclosure and use of tax return information by tax return preparers under Sec. 7216.
Published on June 01, 2010

Is Office Artwork Depreciable Property

Article:  Whether office artwork and decor is depreciable depends on whether the decorations are considered “valuable and treasured” art pieces or just plain tangible property used in the trade or business.
Published on August 01, 2012

Controlling Interest Provisions in State and Local Real Estate Transfer Taxes

Article:  A common way for a taxpayer to transfer real estate to a new owner without paying a real property transfer tax has been to transfer an ownership interest in an entity that holds title to the property. However, a number of jurisdictions now require taxpayers who engage in these types of transfers
Published on January 13, 2012

State Taxation of Trusts Credit for Taxes Paid to Other States

Article:  The state income taxation of trusts and estates has become an increasingly complicated and challenging task for trustees and their tax advisers.
Published on August 31, 2012

Current Developments in Employee Benefits and Pensions (Part II)

Article:  ...late 2009 and 2010 in employee benefits, including executive compensation, health and welfare benefits, qualified plans, and employment taxes. Part II focuses on guidance released and changes to the rules for executive compensation and qualified plans
Published on January 28, 2011

Defending R&D Credits

Article:  This article highlights and analyzes some recent decisions concerning the research and development (R&D) tax credit and IRS administrative practices when auditing R&D credit claims, most notably the Union Carbide decision in the Tax Court.
Published on January 28, 2011

Discharge of Indebtedness on Principal Residences and Business Real Property

Article:  This article discusses the differing tax consequences of a borrower’s default and/or indebtedness discharge on recourse versus nonrecourse loans on principal residences. It then addresses what constitutes business indebtedness for purposes of the Sec. 108(a)(1)(D) exclusion from taxation for discharge of qualified real property business indebtedness.
Published on January 13, 2012

State Tax Considerations of Passthrough Entities

Article:  This column highlights areas of concern regarding state taxation of passthrough entities, including entity classification, conformity to federal tax conduit treatment, and tax reporting obligations.
Published on January 28, 2011

Equity-Based and Nonqualified Deferred Compensation Plans

Article:  This article provides an overview of the federal income taxation rules governing equity-based compensation plans as well as nonqualified deferred compensation plans
Published on October 04, 2011

Current Corporate Income Tax Developments (Part I)

Article:  During 2009, there were many changes in the area of state corporate income taxation. This article focuses on some of the more interesting items in the areas of nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions.
Published on January 28, 2011