New Form 926 Return by a U.S. Transferor of Property to a Foreign Corporation
Article:
This article focuses on the history and purpose of Form 926 and describes changes that were made effective beginning in December 2008.
Published on January 28, 2011
Practice Aids and Other Publications
Publication:
A description of Practice Aids and other publications available.
Published on January 04, 2013
IRS Auditing Through QuickBooks
Article:
The IRS has provided QuickBooks accounting software training to its Small Business/Self-Employed (SB/SE) division examiners.
Published on October 05, 2010
AICPA News Update - Sept. 21, 2012
Newsletter:
...Released for Comment on Partner Equivalent and Related Revisions; COSO Releases Another ED on Internal Control Revisions; Audit Data Standard Comment Period Extended; Learn How to Analyze Profitability
Published on October 08, 2012
AICPA News Update Vol. 13 No. 17
Newsletter:
FREE Health Care Reform Article!
Published on April 29, 2010
Internal Controls and Exempt Organization Executive Compensation Arrangements
Article:
This article provides an overview of the law of inurement and intermediate sanctions.
Published on January 28, 2011
A Different Type of Loan Fraud
Newsletter:
What it is and how it is gaining ground.
Published on December 29, 2009
AMT Consequences of an Ownership Change
Article:
While most tax planning routinely contemplates the impact of the Sec. 382 limitation on the use of a corporation’s net unrealized built-in losses (NUBILs) following an ownership change, the corresponding impact of Sec. 56(g)(4)(G) for adjusted current earnings (ACE) is often overlooked and may have a significantly different effect than
Published on January 28, 2011
How to Benefit from the Internal Revenue Manual
Article:
Knowledge of IRS procedures documented in the Internal Revenue Manual can help tax practitioners in many areas
Published on April 17, 2012
Meeting the Applicable Corporate Reorganization Reporting Requirements
Article:
The reorganization provisions of the Internal Revenue Code, located primarily in Secs. 354, 355, and 368, allow a variety of tax-free transactions in the form of combinations, divisions, and recapitalizations. It is extremely important...
Published on January 28, 2011
Taxpayers Not Entitled to Exclude Gain from Sale of Principal Residence
Article:
The Tax Court ruled that a couple who sold a house they had never lived in could not take advantage of the Sec. 121 exclusion.
Published on October 05, 2010
When Is a U.S. LLC a Partnership for U.S. and U.K. Tax Purposes
Article:
U.S. LLCs have become the preferred business entity in many situations because their members get both legal liability protection while being taxed in the United States as a partnership. This item examines how profits and losses of a U.S. LLC will be taxed on a U.K. resident’s U.K. tax return.
Published on January 13, 2012
False Tax Returns, Mail Fraud, and Money Laundering
Article:
The Third Circuit Court of Appeals may have opened the door to a new approach that could result in significantly increased criminal penalties for taxpayers who file false returns. Taxpayers who mail or e-file their tax returns and knowingly understate their taxable income thereon may be exposing themselves to the
Published on February 01, 2011
Keeping Alimony from Being Reclassified as Nondeductible Payments
Article:
This column discusses the tax implications of alimony or spousal support, with a focus on the specific criteria that payments must meet to qualify as alimony.
Published on April 20, 2012
A Trust Fund Recovery Penalty Primer
Article:
This item discusses the basic mechanics of the trust fund recovery penalty, what qualifies someone as responsible for payroll taxes, and what constitutes willfulness.
Published on September 30, 2012