IRS Issues Interim Relief on More-Likely-Than-Not Penalties
Article:
...December 31, 2007, the IRS indicated that, if a position satisfies the substantial authority standard, practitioners will not be required to disclose the position nor be subject to a section 6694 preparer penalty if they meet the requirements outlined in Notices 2008-11, -12, and -13
Published on March 22, 2010
AICPA Member Survey Leads to Retention of High-Low Method
Newsletter:
The CPA Advocate: October, 2011. The IRS reversed its decision to eliminate a certain method used for substantiating lodging, meal and incidental expenses after the AICPA provided results of a member survey that showed the method was still in favor.
Published on October 12, 2011
Tax Strategy Patents
Article:
...On September 16, 2011, President Obama signed the America Invents Act, which contains a provision that eliminates the patenting of new tax strategy patents. The AICPA strongly supported this legislation and worked towards
Published on March 06, 2013
Tax Methods and Periods Advocacy
Overview:
This section contains comments and recommendations submitted by the AICPA on legislative, regulatory and administrative matters concerning tax accounting methods and periods
Published on October 02, 2012
AICPA, ABA, TEI Urge More Tax Simplification Provisions for 2004
Comment Letter:
The AICPA, the American Bar Association Section of Taxation, and the Tax Executives Institute submitted this letter to the Secretary of the Treasury expressing support for simplification provisions included in the Administration's 2004 budget package
Published on April 30, 2012
Form 1041NR-T Allocation of US Tax Payments to Beneficiaries Under Code Section 643(d) and (g) - Template
Template:
Provided is the AICPA template for Form 1041NR-T, Allocation of US Tax Payments to Beneficiaries under IRC Section 643(d) and (g), pages one and two
Published on May 08, 2013
AICPA Comment Letter - Proposed Regulations Under Section 6655, April 2006
Comment Letter:
Comments on Proposed Regulations under Section 6655 Relating to Corporate Estimated Tax [REG-107722-00
Published on May 02, 2013
IRS Practice and Procedure Advocacy
Article:
This section contains policies and AICPA comments related to tax administration and policy
Published on October 04, 2012
Penalties Reform
Report:
This page includes various AICPA comments on penalties tax reform, including the 2013 updated AICPA report on civil tax penalties and legislative proposals
Published on April 15, 2013
The Honorable John Lewis
Comment Letter:
AICPA requests a correction to problems created by the enactment of a tax provision in section 8246 of the US Troop Readiness, Veteran?s Care, Katrina Recovery, & Iraq Accountability Appropriations Act of 2007 relating to an increase in the tax return reporting standards applicable...
Published on March 05, 2009
AICPA Comments On Proposed Regulations Addressing the Reduction of S Corporation Tax Attributes Under Section 108(b)
Comment Letter:
AICPA commends the Service for clarifying the manner in which an S corporation reduces its tax attributes, but believe the method as promulgated will in certain circumstances produce inequitable results
Published on September 28, 2012
Form 1041NR - Draft 5 US Income Tax Return for Foreign Estates and Trusts
Template:
Form 1041NR Draft 5 pages 1-5 , US Income Tax Return for Foreign Estates and Trusts, which includes sections on type of entity, income and deductions, tax and payments, creation and classification of the Trust, information on the trustee, and Schedules A through E...
Published on May 15, 2013
1041NR Schedule K
Template:
The ninth page of AICPA's draft Form of 1041NR, Schedule K: Alternative Minimum Tax. There are four parts to the form including sections such as, Estate's or Trust's Share of Alternative Minimum Taxable Income and Income Distribution Deduction on a Minimum Tax Basis
Published on February 19, 2013
AICPA Checklist on Family Limited Partnerships
Checklist:
An AICPA checklist that will assist CPAs in the process of preparing annual income tax returns and detecting yearly administration problems under section 2036 that may inadvertently imply an understanding to retain economic benefit in family limited partnerships
Published on March 22, 2012
AICPA Letter to Congress on Estate Tax, Making Permanent GST Modifications, and QTIP Election Relief
Comment Letter:
This is the 11/18/11 AICPA letter to Congress on the estate tax, GST modifications, and QTIP and section 645 elections' relief legislation
Published on September 11, 2012