Sales Tax Audit Best Practices
This article discusses common issues in state sales tax audits and gives tips and best practices for each part of an audit life cycle
Published on July 25, 2013
IRS Issues Second IDD on Domestic Production Deduction
The IRS has issued a follow-up directive on the Sec. 199 domestic production deduction (DPD) (LMSB-04-0707-049).
Published on May 10, 2010
ODC Tax Liability and Audit Information Cannot Be Disclosed
The Federal Circuit held that audit tests and related information of third-party taxpayers pertaining to the assessment of the ozone-depleting chemicals excise tax was return information not subject to disclosure under Sec. 6103...
Published on March 18, 2013
AICPA News Update Vol. 14 No. 19
AICPA Urges Congress to Increase SBA Small-Business Size Standard for CPA Firms
Published on May 17, 2011
IRS Refocuses Large Business Operations, Highlights International And Global High-Wealth Cases
This item highlights IRS efforts to refocus the work of its former Large and Midsize Business (LMSB) Division, now known as the Large Business and International (LB&I) Division, in an effort to strengthen international compliance.
Published on June 16, 2011
Feds Turn Up the Heat on Corporate Compliance
There are currently over 60 federal agencies employing over 130,000 government workers with combined budgets in excess of $20 billion, which is ten times higher than the 1960 federal regulatory agency budget. To complicate matters there are over 3,000 federal, state and local jurisdictions which can impact enforcement of these
Published on January 28, 2011
AICPA News Update Vol. 14 No. 21
Special News Update – Spring Council 2011 Highlights.
Published on May 15, 2012
International Joint Audits Is Two Better Than One
...the IRS announced its plans to implement a program, advanced by the Organisation for Economic Co-operation and Development’s (OECD’s) Forum on Tax Administration (FTA), to “jointly” audit multinational taxpayers with tax administrations from around the world, but always on the basis of a tax treaty between them
Published on January 08, 2014
New Rules Govern Practice Before the IRS
Editor: Joel E. Ackerman, CPA, MST The highly publicized accounting scandals of 2002, such as Enron, WorldCom, and Global Crossing, along with revelations about tax shelter abuses, have had wide-reaching financial effects on investors and the economy. Act
Published on April 19, 2010
Alternative Apportionment Fairness Is Not the Only Factor
Alternative apportionment provides taxpayers and tax administrators with a means to obtain ad hoc relief when the application of a state’s standard apportionment formula fails to reflect a taxpayer’s business activities in the state.
Published on February 28, 2013