Prospective Financial Information
Publication:
A description of publications available on prospective financial information.
Published on January 23, 2013
Special News Update - Spring Council 2013 Highlights
Newsletter:
The AICPA governing Council’s spring 2013 meeting was held in Washington, D.C. this week. AICPA leaders from each of the 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam attended the Council meeting.
Published on May 21, 2013
Other Guides
Article:
Information regarding the AICPA General Guides.
Published on February 19, 2013
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 of her own?
Published on May 14, 2010
One-Year Extension of the ARRA Grant for Specified Energy Property
Article:
This item provides an overview of the Section 1603 renewable energy grant program, which was extended for one year by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Published on June 16, 2011
IRS, DOL, Several States to Share Data on Worker Classification
Article:
The DOL and the IRS agreed to share information and coordinate law enforcement “to end the business practice of misclassifying employees in order to avoid providing employment protections
Published on August 24, 2012
Deadline for Equitable Innocent Spouse Claims Again Upheld
Article:
The Third Circuit held that the two-year deadline in Regs. Sec. 1.6015-5(b)(1) for filing an equitable innocent spouse relief claim under Sec. 6015(f) is valid because it is a permissible interpretation of the statute.
Published on May 03, 2011
Wheres My Canceled Check A Review of the Basics
Article:
Most people now receive only scanned images of their canceled checks; however, during an audit, some IRS requests for information insist on substantiating expenditures with front-and-back copies of canceled checks.
Published on June 30, 2012
Individual Taxation Digest of Recent Developments
Article:
This article covers recent significant developments affecting taxation of individuals, including legislative changes, cases, regulations, and other IRS guidance.
Published on January 28, 2011
Two-Year Innocent Spouse Limitation Period Upheld Again
Article:
The Fourth Circuit overturned a Tax Court decision and upheld a Treasury regulation that sets a two-year statute of limitation on claims for innocent spouse relief, marking the third time the Tax Court has been overruled on this issue by a higher court.
Published on January 13, 2012
IRS Offers Another Mark-to-Market Valuation Safe Harbor
Article:
The IRS has released an Industry Issue Directive instructing its examining agents to offer a safe-harbor election to certain taxpayers under examination regarding the market values used in their mark-to-market calculations.
Published on January 13, 2012
Large Business and International Examination Process Changes
Article:
The IRS Large Business and International (LB&I) Division has focused on improving the quality, efficiency, and effectiveness of the overall compliance and examination process for LB&I taxpayers.
Published on August 24, 2012
Consent to Extend the Statute of Limitation
Article:
Sec. 6501(c) allows the IRS and a taxpayer to consent in writing to extend the statute of limitation to assess tax.
Published on January 28, 2011
IRS Announces Procedures for Tax Return Preparer Penalties
Article:
The IRS recently issued internal memoranda setting forth procedures for tax return preparer penalties in taxpayer examinations
Published on January 28, 2011
IRS Nonacquiesces to 47-Year-Old Case
Article:
The IRS announced it will not follow the decision in International Business Machines Corp. in which the Court of Claims held that the IRS could only apply an adverse ruling prospectively if applying it retroactively would treat the taxpayer who requested the ruling differently from a taxpayer who received a
Published on October 31, 2012