March 2006 Comments on Form 990 Instructions
...31, 2006, on specific changes to the Instructions to Line 75c of the 2005 Form 990, Return of Organization Exempt from Income Tax. They believe the instructions should be clarified to indicate situations in which the reporting rules do not apply
Published on November 06, 2012
AICPA Member Survey Leads to Retention of High-Low Method
The CPA Advocate: October, 2011. The IRS reversed its decision to eliminate a certain method used for substantiating lodging, meal and incidental expenses after the AICPA provided results of a member survey that showed the method was still in favor.
Published on October 12, 2011
Audits of Federal Funds (Single Audits)
Entities that receive federal funds including states, local governments, and not-for-profit organizations (NPOs), are subject to audit requirements commonly referred to as “single audits” under the Single Audit Act of 1984, as amended in 1996. The Single Audit Act was enacted to standardize the requirements for auditing federal programs.
Published on March 28, 2013
AICPA Makes Recommendations for IRS-Treasury 2006-07 Priority Guidance List
The AICPA has submitted recommendations for the Treasury-IRS 2006-2007 Guidance Priority List. The comments cover a range of areas that affect individual and business taxpayers. The AICPA also emphasized the continuing need for Treasury and the IRS to continue efforts to simplify tax regulations and cited three examples of ""simple""
Published on March 04, 2010
TIC Shares Private Company Perspective on Pushdown Accounting with FASB
The CPA Advocate: October, 2014. An authoritative pushdown accounting standard is being drafted, following an October 8 vote by FASB to approve a final standard to apply pushdown accounting when a change-in-control event has occurred.
Published on October 21, 2014
AICPA Survey Recommends Treaty Negotiation Priorities
AICPA contacts the Department of the Treasury and provides suggestions for future treaty negotiations and possible renegotiation priorities.
Published on February 08, 2013
AICPA Recommends Clarifications to Proposed Generation-Skipping Transfer Predeceased Parent Exception Regs
AICPA's comments regarding proposed regulations on the predeceased parent rule.
Published on September 12, 2012
FTC Rulemaking on Identity Theft Red Flags
Article on CPAs and CPA firms being officially exempted from the FTC’s Red Flags rule with the passage of S.3987, the “Red Flag Program Clarification Act of 2010” in December 2010.
Published on April 19, 2011
AICPA Testified 05.09.2012 regarding Deduction and Capitalization of Tangible Property Expenditures
AICPA testified before 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 June 04, 2013