IRS Correspondence Examinations
Article:
The IRS has expanded the use of correspondence examinations of individual income tax returns. This item reviews the procedures by which returns are selected for review, how...should respond to correspondence, and IRS problems with timely response to taxpayer or practitioner letters
Published on June 16, 2011
Engagement Letter Fairness Opinion Fee Language May Affect Fees Taxation
Article:
Language used in investment banker (IB) engagement letters to implement fee payment arrangements can significantly affect the federal income tax treatment of such payments
Published on October 04, 2011
AICPA News Update - February 10, 2012
Newsletter:
In this issue: 2011 Tax Practice Guides & Checklists, Brush Up on Practice Standards for Preparing Returns, New Tax Practitioner...Their Value, Become a Member of the Tax Section, Sign Up for Free CPA Letter Daily to Get Tax News Each Weekday, Tax Publications Offer Timely
Published on March 09, 2012
FBARs and Not-Yet-Reported Offshore Income Penalties and Practitioners Issues
Article:
...considers (1) options available for the client that did not disclose under the IRS’s voluntary disclosure program, which ended October 15, 2009; (2) practitioners’ responsibilities, including tax organizers and engagement letters; and (3) items suspended and/or extended to the June 2010 due date
Published on January 28, 2011
Why and How to Conduct a Tax Practice Inspection
Article:
A firm can use a tax practice inspection as a tool to test the quality of tax services provided to clients, to develop specific recommendations for improvement, and to prepare or update a tax services...
Published on January 28, 2011
AICPA News Update - February 8, 2013
Newsletter:
...Money and Time with Free Tools to Help You Communicate with Clients; Updated 2012 Tax Practice Guides, Checklists, Organizers and Letters; Get Exclusive Discounts and Resources by Joining the Tax Section; Sign Up for Free...
Published on February 13, 2013
AICPA News Update - November 9, 2012
Newsletter:
In this issue: New Opportunities Related to SOC Engagements; AICPA Issues Comment Letter on FATCA Valuation Issues; Hurricane Sandy Web Page – Available Resources for the Profession; Free...
Published on November 09, 2012
Asset Protection Planning with Limited Liability Companies
Article:
The basic objective of asset protection engagements is to transfer assets to reduce or eliminate any exposure to liabilities in conjunction with the client’s estate plan or other financial concerns
Published on March 11, 2011
Concerns About CPA Letters to Third Parties
Article:
A CPA receives a request from a client to provide a letter to the client’s mortgage broker, lender, adoption agency, or other third party. Is there any harm in the CPA signing the client’s suggested letter or writing one...
Published on May 14, 2010
AICPA News Update Vol. 14 No. 5
Newsletter:
Special Tax Issue with News and Resources
Published on February 08, 2011
AICPA News Update - May 4, 2012
Newsletter:
In this issue: USDA Requiring CPAs to Attest to AGI Limitations for Clients in Certain Farming Programs, AICPA Submits Comment Letter on PCAOB Broker-Dealer Proposal, Regulatory Alert: SEC Independence Requirements Apply to Auditors of Nonissuer Broker-Dealers and Investment Advisers, CGMA Report Provides Guidance for Transforming the Finance Organization...
Published on May 08, 2012
AICPA News Update Vol. 13 No. 40
Article:
IRS Releases Final Schedule UTP
Published on January 28, 2011
Requesting 9100 Relief
Article:
Certain extension and administrative relief options exist if the taxpayer can obtain "9100 relief" under Regs. Secs. 301.9100-1 through -3.
Published on March 11, 2011
Practice Aids and Other Publications
Publication:
A description of Practice Aids and other publications available.
Published on June 19, 2013
Circular 230 Best Practices
Article:
Circular 230, Section 10.33, on best practices deals with providing advice and preparing a submission to the IRS.
Published on January 28, 2011