AICPA News Update - January 4, 2013
Newsletter:
In this issue: "Fiscal Cliff" Legislation Includes Huge Number of Tax Provisions; AICPA Flags Concerns about IFAC’s International Ethics Standards Board’s Exposure Draft on Responding to a Suspected Illegal Act; ASB Issues Omnibus SAS to Amend Two Clarified Auditing Standards; TPA Issued on Effective Date of AU...
Published on January 10, 2013
How Will Final Regs. Apply the Knight Commonly Incurred Test
Article:
In Knight, the Supreme Court held that under Sec. 67(e), a trust expense otherwise subject to the 2% of AGI floor is fully deductible under the exception in Sec. 67(e) only if it would be uncommon for an individual holding the same property to incur the expenses.
Published on May 10, 2010
AICPA Tax Section Accomplishments in 2007
Article:
The Tax Section serves the public interest by helping AICPA members to be the most trusted professional providers of tax services, advocating sound tax policy and effective tax administration.
Published on May 03, 2010
Money, Advice and CPAs
Article:
Money is a wonderful and deceivingly simple convenience. Though individuals run quickly into situations benefiting from a CPA’s expertise, many of them find it difficult to seek and take advice. Quirks of modern life do not make it any easier.
Published on January 28, 2011
CPA Exam Aligns with Model Tax Curriculum
Article:
The content of the Uniform CPA Examination has been updated and now reflects many of the recommendations of the Model Tax Curriculum.
Published on January 28, 2011
Code of Professional Ethics
Article:
Our ethical behavior is essential to preserve the trust that the public has placed in our profession. The publicity on certain isolated individuals within our profession has, at times, left a doubt with the public that we must attempt to dispel. We as professionals must double our efforts to make
Published on January 28, 2011
AICPA News Update Vol. 13 No. 21
Newsletter:
ERM Business Brief Available for Free Download
Published on January 28, 2011
AICPA News Update Vol. 14 No. 14
Newsletter:
Expanded 1099 repeal passes Senate
Published on April 14, 2011
AICPA News Update Vol. 14 No. 9
Newsletter:
1099 Repeal Bill Passed by the House of Representatives
Published on March 09, 2011
AICPA News Update Vol. 13 No. 48
Newsletter:
Watch Private Company Financial Reporting Panel Members Discussing Recommendations at Fall Council
Published on January 28, 2011
Tax Practice Quality Control
Article:
Practitioners should consider implementing a tax practice quality-control system.
Published on October 31, 2012
Tax Practitioners Face Increasing Regulation
Article:
Congress and the IRS have been focusing on regulating tax and financial services. Although the problems that are being addressed were not caused by CPAs, practitioners may be swept up in the solution.
Published on January 28, 2011
AICPA Comments on IRS PTIN Proposal
Article:
On April 26, the AICPA submitted comments to the IRS on its proposed regulations (REG-134235-08) that would require tax return preparers, including nonsigning preparers, to apply for or renew a preparer tax identification number (PTIN) and exclusively use that PTIN when signing tax returns.
Published on July 01, 2010
Concerns About CPA Letters to Third Parties
Article:
A CPA receives a request from a client to provide a letter to the client’s mortgage broker, lender, adoption agency, or other third party. Is there any harm in the CPA signing the client’s suggested letter or writing one of her own?
Published on May 14, 2010
Establishing an Ethical Culture in a Tax Practice
Article:
This column offers practical suggestions for ways a professional firm can communicate, reinforce, and monitor its code of conduct in tax practice
Published on January 31, 2013