IRS Issues Interim Relief on More-Likely-Than-Not Penalties
On December 31, 2007, the IRS indicated that, if a position satisfies the substantial authority standard, practitioners will not be required to disclose the position nor be subject to a section 6694 preparer penalty if they meet the requirements outlined in Notices 2008-11, -12, and -13.
Published on March 22, 2010
AICPA Technical Comments to Congress on Proposed Expatriation Legislation - March 21, 2002
...overview of legislative proposals on the expatriation tax and comments on suggested changes to the immigration law with respect to tax avoidance. AICPA wants to maintain simplicity, and eliminate conflicts & inconsistencies between existing laws
Published on March 14, 2012
AICPA Offers Technical Analysis of Tax Proposals to Catch Tax-Motivated Expatriation
The AICPA Expatriation Tax Task Force submitted comments to Congress and the Department of the Treasury addressing legislative proposals relating to tax provisions intended to deal with expatriation to avoid tax by U.S. citizens who give up their citizenship or long-term U.S. residents who give up their residency.
Published on September 12, 2012
AICPA Evaluates the International Tax Aspects of the American Competitiveness and Corporate Accountability Act
AICPA writes to the Congress evaluating the international tax aspects of the proposed H.R. 5095, American Competitiveness and Corporate Accountability Act.
Published on April 15, 2010
AICPA Testimony to ERISA Advisory Council on Outsourcing Flags Trouble Spots, Recommends Best Practices
The CPA Advocate: September, 2014. The testimony identified trends auditors are seeing in the outsourcing of employee benefit plan services, noted problems related to monitoring service providers and recommended best practices for selecting and monitoring service providers that affect the plan’s financial reporting.
Published on September 24, 2014
AICPA Flags Concerns about IFACs International Ethics Standards Boards Exposure Draft on Responding to a Suspected Illeg...
The CPA Advocate: December, 2012. The AICPA Professional Ethics Executive Committee identified a number of concerns about requirements the proosal would impose on professional accountants in public practice and business and suggested alternatives.
Published on May 16, 2014
ERISA Fiduciary Definition - Appraisers of Employee Stock Ownership Plans
The AICPA believes that the U.S. DOL should implement rules that would require appraisers of ESOPs to meet minimum qualification requirements, including holding relevant credentials and training, and comply with applicable professional valuation standards.
Published on December 30, 2013
Take Action Legislation Affecting ESOP Appraisers
The AICPA urges FVS section members to seek congressional support of legislation to fix DOL fiduciary proposal on ESOP appraisers S. 273/HR 2041.
Published on September 18, 2013
AICPA Supports Senator Ayottes Bill Exempting Valuation Specialists from Fiduciary Status
The CPA Advocate: August, 2012. The AICPA believes that appraisers of employee stock ownership plans should not be considered fiduciaries under ERISA and recently sent a letter to Senators asking for them to cosponsor S. 1232, a bill that would exempt valuation specialists from that status.
Published on August 14, 2012
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