Deductibility of LEED Certification Costs
Tax professionals may be in the best position to support their clients or company in identifying LEED certification costs and determining the appropriate tax treatment as either a current-period expense or a capital expenditure
Published on April 16, 2014
IRS Offers Voluntary Certification of Return Preparers
Following the defeat in federal court of its mandatory tax return preparer regulation program, the IRS in late June introduced a voluntary program of tax return preparer certification
Published on July 31, 2014
CPAs and Comfort Letters The New Chocolate
For years, CPAs have been asked by third parties for verification, confirmation, certification, corroboration, authentication, or substantiation of their clients’ financial information. Negative connotations have often been associated with these requests
Published on June 30, 2013
AICPA News Update Vol. 14 No. 47
...Review of PTIN Information Disclosure FinREC Releases for Feedback Working Draft of Accounting and Valuation Guide on Goodwill Impairment Technical Q&A Issued on Small Business Lending Fund Auditor Certification AICPA and NASBA Release Video Highlighting CPAMobility.org Free Webinar: Use Your Current Client Base
Published on November 11, 2011
AICPA News Update - August 31, 2012
In this issue: Certain Services on IRS Website are Unavailable Through Labor Day; AICPA Responds to Member Concerns About Providing Client Income Certification to Farm Service Agency; Comment Deadline on PEEC and SSARS Exposure Drafts Extended to Nov. 30; New Tax Content for Your Website and Client Newsletter; Target-Setting Tool Helps...
Published on September 07, 2012
Final Regulations on Dual Consolidated Losses A Practical Guide (Part II)
This article discusses triggering events for dual consolidated losses and their consequences, as well as the transition rules from the 1992 to the 2007 regulations.
Published on May 10, 2010
U.S. Withholding Tax Imposed on Foreign Tax-Exempt Organizations
When a foreign charitable organization earns U.S. source portfolio income it often has a choice to make: It can claim tax-exempt status (and thus an exemption from U.S. withholding tax), or the organization may find it easier to refrain from asserting tax-exempt status and opt for treatment as a (nonexempt)
Published on June 01, 2010
Residential Energy-Efficient Property Credit Rules Issued
The IRS has provided guidance to manufacturers and consumers on satisfying the requirements of the residential energy-efficient property credit.
Published on January 28, 2011
Energy-Efficient Commercial Buildings Deduction Revisited
Co-Editors: Michael Metz, CPA; Nick Gruidl, CPA, MBT The deduction available for updating or constructing more energy-efficient commercial building property has been previously discussed; see Schuerman, Tax Clinic, "Energy-Efficient Commercial Buildings
Published on July 13, 2010
Linking Employee Performance, Compensation and Accounting Firm Performance
In the past decade the Sarbanes Oxley Act enhanced demand for accounting services. Employees' performance may not have received the attention it warranted. In the current economic malaise and with the winding down of the Sarbanes-Oxley boom firms need to re-focus on incentives and the linkage between performance and rewards.
Published on March 21, 2011