AICPA Tells IRS Preparers Deserve More Info, Clarity on 2011 Office Visits
In a December 22 letter to the IRS Small Business Commissioner, Patricia A. Thompson, chair of AICPA’s Tax Committee, reiterated AICPA’s many concerns about the broad scope of the Preparer Letters and Visitation program.
Published on January 28, 2011
ritten Testimony - January 20, 2011 WM Hearing on 1099
...The extraordinary burden placed on individuals in this approach far outweighs any potential benefit.” Meanwhile, practitioners need to be aware of the requirements. To help members, AICPA is seeking clarity
Published on February 03, 2011
AICPAs Comments on IRSs Delay in Releasing Tax Forms
...selected tax forms. The AICPA is interested in entering into a dialogue with the IRS on failure-to-file and failure-to-pay penalties, estimated tax penalty relief, and clarity in the release of tax
Published on April 03, 2013
Final Regulations Simplify Accounting Rules in Corporate Reorganizations
The IRS issued final regulations intended to clarify and simplify rules concerning continuity of accounting methods and inventory methods in certain tax-free corporate reorganizations and liquidations.
Published on February 07, 2014
Comments Requested on Proposed Net Investment Income Tax Form
The IRS published a notice and request for comments from taxpayers on a new dual-purpose form that will be used by individuals and trusts and estates to compute the new 3.8% tax and then to report the tax.
Published on July 30, 2013
IRS Releases Draft Net Investment Income Tax Form
The IRS released a draft of Form 8960, a new dual-purpose form that will be used by individuals and trusts and estates to compute the new 3.8% net investment income tax.
Published on August 09, 2013
August 10, 2012 Tax E-Alert Cost Basis Reporting needs to be Delayed, Comments on Definition of Issue Under Consideratio...
In this issue: Cost Basis Reporting Needs to be Delayed, AICPA Tells IRS, AICPA Comments on Definition of "Issue Under Considerations" for Certain Foreign Corporations, 343,020 Reasons CPAs Should Talk Up Their Tax Expertise Now, Tax News from the Journal of Accountancy, AICPA Develops Resources for State Societies on State
Published on October 23, 2012
Tools and Aids
Tools, aids, and checklists related to tax, business succession, and estate and gift taxation.
Published on April 10, 2014
Interim IRS Chief Issues Initial Report on Sec. 501(c)(4) Controversy
Acting IRS commissioner Daniel Werfel issued a report on the plans to reform the IRS to avoid inappropriate targeting of taxpayers applying for Sec. 501(c)(4) social welfare organization status.
Published on June 26, 2013
2014-08-15TaxEalert Is your email disclaimer valid Money markets may be PFICS
In this issue: Is your email disclaimer valid? Money markets may be PFICs.
Published on August 15, 2014