This page highlights the AICPA's offering of interactive tools.
Published on March 05, 2013
Property and Liability Insurance Entities
A description of publications available on property and liability insurance entities.
Published on November 01, 2013
Special Limitation Periods for Carryback Assessments
By exercising its setoff authority, the IRS has been able to achieve the same limitation period in Form 1120X carryback situations as in tentative refund cases with Form 1139.
Published on October 04, 2011
Consent to Extend the Statute of Limitation
Sec. 6501(c) allows the IRS and a taxpayer to consent in writing to extend the statute of limitation to assess tax.
Published on January 28, 2011
Reasonable Compensation for S Corporation Shareholder-Employees
Two recent Tax Court opinions focusing on reasonable compensation for S corporation shareholder-employees provide important takeaways for owners and practitioners by addressing common issues surrounding distributions and loan repayments in the context of reasonable compensation
Published on October 31, 2013
How IRS Inaction Stymies Abatement Requests
This item examines a recent case that demonstrates a taxpayer’s limited ability to force the IRS’s hand when it comes to abatement requests.
Published on May 02, 2010
Are Taxpayers Bound by Purchase Price Allocations
A recent Tax Court opinion highlights the importance of preacquisition planning with respect to agreed-upon purchase price allocations in asset acquisition agreements under Sec. 1060.
Published on July 23, 2013
Current Developments in Partners and Partnerships
This article reviews and analyzes recent rulings and decisions involving partnerships. The discussion covers developments in partnership formation, income allocations, and basis adjustments
Published on February 04, 2014
Director Fees May Be Subject to Self-Employment Tax
The Tax Court in Blodgett, T.C. Memo. 2012-298, provided useful information to determine corporate directors' income classification when the initial answer may be unclear.
Published on March 31, 2014
Restricted Interest and Common Errors Made by the IRS
The Internal Revenue Code allows the IRS to charge interest when a taxpayer does not pay all required taxes by the due date of the return. The Code also requires the IRS to pay interest on refunds in certain circumstances. This item discusses the many nuances related to the computation
Published on June 30, 2011