Statute of Limitation Individuals and U.S.-Source Income
This item describes some of the unusual situations that arise under federal income tax statutes of limitation.
Published on April 17, 2012
2012 Arthur J. Dixon Memorial Award
Alan R. Einhorn, CPA, received the 2012 Arthur J. Dixon Memorial Award.
Published on December 31, 2012
AICPA Tax Standards Strengthened
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
When a CPA firm has an accounting and auditing practice, it is critical that CPA firms have in place internal quality control procedures to ensure that services are competently delivered and adequately supervised. A CPA firm must establish a syst
Published on April 23, 2013
Large Business and International Examination Process Changes
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
AICPA News Update Vol. 14 No. 9
1099 Repeal Bill Passed by the House of Representatives
Published on March 09, 2011
Court Rules on Sale of Ownership Rights in Insurance Company Demutualization
Applying the open transaction doctrine, the Court of Federal Claims held that a trust was entitled to a refund of taxes paid on the proceeds of the sale of stock the trust received in exchange for its ownership rights in a mutual life insurance company when the company was demutualized.
Published on March 11, 2011
AICPA News Update Vol.12 No.28
Vote on Consumer Financial Protection Agency Delayed Until September; AICPA Joins Chamber of Commerce and Others Urging More Time, AICPA, GAA Host Roundtable for Accounting Leaders to Discuss Simplifying Financial Reporting, What Government Entities Need to Know about American Reinvestment and Recovery Act of 2009; New Member Resource Online for
Published on June 24, 2011
LMSB Identifies New Repairs Issue
In an IRS Large and Mid-Size Business (LMSB) Division memorandum (LMSB-4-0509-019), the IRS notified LMSB executives of an emerging issue relating to the recharacterization of costs associated with tangible assets previously capitalized under Sec. 263(a) as currently deductible repairs under Sec. 162.
Published on January 28, 2011
AICPA News Update - April 6, 2012
In this issue: AICPA Suggests Changes to COSO Internal Control Framework Proposal, Bi-partisan JOBS Act Signed by President, GAQC Resources for Understanding the 2011 Yellow Book, Forensic CPAs May Be Required to Hold a Private Investigator’s License in Some States, Start Here, Go Places. Project Innovation Winners Announced, AICPA TV Gets Revamped
Published on April 09, 2012
AICPA News Update - August 24, 2012
In this issue: Two AICPA Proposals Aim to Make Financial Statement Preparation a Nonattest Service in All Instances; Q&A Explains; ASB Seeking Feedback Specific to U.S. Auditor’s Reports; AICPA Tells Congress That Education Tax Incentives Are Too Complicated; AICPA Recommends Changes to IRS Form 990; Students Challenged to Provide Fiscal Plans for Accounting
Published on September 07, 2012
Jody Padars Sessions at 2011 Practitioners Symposium & TECH Conference
Jody Padar's sessions at the TECH+ Conference in June
Published on May 10, 2011
AICPA News Update - September 14, 2012
In this issue: AICPA Supports Bill That Limits Definition of Municipal Adviser; Content and Structure of Auditor’s Report Under Review; AICPA Announces Newly Formed National Commission on Diversity; Free Webinars Available to AICPA Members; Catch Up on AICPA Insights®
Published on September 18, 2012
AICPA Recommendations for Reducing Schedule M-3 Burdens
The AICPA called on the IRS to collaborate with external stakeholders in revising Schedule M-3 and suggested some revisions to reduce taxpayers’ compliance burdens.
Published on June 30, 2011
Certain Debt Obligations Not Subject to AHYDO Restrictions
As a result of the recent deteriorating market conditions for debt obligations, the IRS has indicated that it will not regard specific debt obligations as applicable high-yield discount obligations (AHYDO) for purposes of Secs. 163(e)(5) and 163(i).
Published on May 03, 2010