AICPA Tells IRS Preparers Deserve More Info, Clarity on 2011 Office Visits
Comment Letter:
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
June 15, 2006 Comments on Form 990
Comment Letter:
...in the Instructions to Lines 25, 75b and 75c of the 2005 Form 990, Return of Organization Exempt from Income Tax. Generally, the suggestions are provided to create greater clarity of the instructions
Published on November 06, 2012
ritten Testimony - January 20, 2011 WM Hearing on 1099
Article:
...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
Comment Letter:
...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
News:
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 August 01, 2011
AICPA Urges IRS to Clarify Form 990 Instructions
Comment Letter:
The American Institute of Certified Public Accountants has urged the IRS to clarify its instructions on three lines of Form 990, which is the form filed by organizations that are exempt from federal income tax. The AICPA's June 15, 2006 comments request further clarification of several parts of Form 990: lines
Published on November 12, 2012
AICPA Comments on Proposed FTC Regs on Determining Amount of Taxes Paid
Comment Letter:
The AICPA commented on proposed section 901 foreign tax credit regulations regarding the determination of the amount of taxes paid.
Published on March 04, 2010
August 10, 2012 Tax E-Alert Cost Basis Reporting needs to be Delayed, Comments on Definition of Issue Under Consideratio...
Newsletter:
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
AICPA Raises Concerns About Delayed, Compressed Tax Season
News:
The AICPA sent a letter to the IRS raising concerns about the “very compressed and difficult filing season” AICPA members and their clients are facing, due to the ongoing delays in the IRS’s acceptance of certain tax forms.
Published on February 20, 2013
IRS Reissues Alternative Valuation Date Proposed Regulations
News:
The IRS issued new proposed regulations on electing an alternate valuation date for an estate and withdrew earlier ones released in 2008.
Published on November 18, 2011
IRS Preparer Compliance Initiative
Overview:
This page provides an overview of the IRS "Letters and Visits" program, information on our advocacy efforts as we work with the IRS to address member' concerns about this year's campaign, as well as links to related articles and resources for tax practitioners.
Published on April 23, 2013
AICPA 2007 Comments on Redesigned Form 990
Comment Letter:
AICPA comments on IRS re-designed Form 990. IRS plans to implement the new form, effective for 2009 filing season (2008 Forms 990).
Published on November 12, 2012
2/22/2013 Tax E-Alert IRS Releases Additional Forms, 7216 Guidance Deferred, Tax Reform Video, and New Tools for Tax Sea...
Article:
In this issue IRS Releases Additional Forms, 7216 Guidance Deferred, Tax Reform Video, and New Tools for Tax Season and Beyond and more..
Published on April 16, 2013
Sec. 6708 Regs. Permit Material Advisers to Request Extension
News:
The IRS issued proposed regulations governing the penalty for failure of material advisers to provide lists of advisees in reportable transactions, which applies if the advisers do not supply the lists to the IRS within 20 business days after a written request.
Published on March 08, 2013
04-19-2013TaxE-Alert Updates on Presidential Budget Tax Reform, AICPA Testimony on House and Senate Tax Proposals, Tax S...
Article:
AICPA Learn more about how the
Published on April 23, 2013