AICPA Testified 05.09.2012 regarding Deduction and Capitalization of Tangible Property Expenditures
Testimony:
...the IRS and Treasury at the May 9, 2012 public hearing on proposed and temporary regulations under IRC sections 162(a), 168, and 263(a) regarding the deduction and capitalization of expenditures related to tangible property, REG-168745-03 and TD 9564, and Revenue Procedures 2012-19 and 2012-20
Published on May 20, 2013
AICPA Recommends Changes to Complex IRS Capitalization Rules
Newsletter:
The CPA Advocate: August, 2012. Temporary regulations governing the deduction and capitalization of tangible property expenditures would be unnecessarily complicated and burdensome for many taxpayers, the AICPA said in a letter to the IRS that recommended changes
Published on August 14, 2012
Comments on Rev. Rul. 2005-42 regarding Capitalization of Environmental Remediation Expenditures
Comment Letter:
...advising the IRS against capitalizing environmental remediation costs under Sec. 263A. AICPA offers comments highlighting significant tax policy and administrative concerns regarding Rev. Rul. 2005-42, which generally requires capitalization of environmental remediation expenditures under 263A
Published on October 01, 2012
AICPA Submits Comments regarding Deduction and Capitalization of Expenditures Related to Tangible Property
Comment Letter:
The AICPA submitted comments on 04.17.2012 on proposed and temporary regulations under Sections 162(a), 168, and 263(a) regarding deduction and capitalization of expenditures related to tangible property (REG-168745-03 and TD 9564) and Revenue Procedures 2012-19 and 2012-20
Published on April 18, 2012
AICPA Submits Additional Comments regarding Deduction and Capitalization of Expenditures Related to Tangible Property
Comment Letter:
The AICPA submitted additional comments on 07.16.2012 on proposed and temporary regulations under Sections 162(a), 168, and 263(a) regarding deduction and capitalization of expenditures related to tangible property (REG-168745-03 and TD 9564) and Revenue Procedures 2012-19 and 2012-20. The AICPA had previously submitted initial comments on 04...
Published on July 16, 2012
AICPA Submits Comments on Tangibles
Comment Letter:
The AICPA submitted comments on 02.22.2011 on proposed regulations under Section 263(a) guidance regarding deduction and capitalization of expenditures related to tangible property (REG-168745-03
Published on February 24, 2011
Tangible Property Regulations are too Complex, AICPA Says at IRS Hearing
Newsletter:
The CPA Advocate: June, 2012. The proposed and temporary tangible property regulations are so complex many taxpayers will not have the resources to comply with them, the AICPA said at an IRS hearing.
Published on June 14, 2012
AICPA Oral Testimony at 05.09.2012 Public Hearing on Tangible Property Guidance
Testimony:
...s oral testimony presented to IRS and Treasury at public hearing on May 9, 2012 regarding proposed and temporary regulations (REG-168745-03 and TD 9564), regarding deduction and capitalization of expenditures related to tangible property
Published on June 05, 2012
AICPA Comments on INDOPCO Regs
Comment Letter:
This letter provides AICPA's comments on the proposed INDOPCO regulations.
Published on May 20, 2013
XBRL
Article:
Extensible Business Reporting Language (XBRL) used in financial and other reporting allows for easier access to more transparent information. AICPA supports legislative proposals to utilize XBRL by companies, Federal agencies and recipients of Federal funds.
Published on February 06, 2013
Section 404(b) of Sarbanes-Oxley Act of 2002
Article:
The Sarbanes Oxley Act requires that the management of public companies assess the effectiveness of the internal control of issuers for financial reporting. Section 404(b) requires a publicly-held company’s auditor to attest to, and report on, management’s assessment of its internal controls. AICPA believes that all investors in public companies
Published on April 03, 2013
Potts v. SEC
Legal Brief:
Brief of amicus curiae for the AICPA in support of the petition of Robert D. Potts. The SEC sanctioned Potts for ""improper professional conduct"" in performing duties as a concurring reviewer during an audit of certain financial statements in 1988 and 1989.
Published on April 02, 2013
AICPA Comments on Eligible Property and Simplified Service Cost Method Guidance From IRS
Comment Letter:
AICPA's response 01.27.2004 to IRS' requests for comments on Simplified Service Cost Method (SSCM) under Section 263A regulations.
Published on May 20, 2013