Disaster Relief Extensions Apply Only to Original Post-Casualty Dates
Article:
When natural disasters strike, they often affect thousands or millions of taxpayers, and their effects can last for a long time. To provide some relief in these situations, the IRS often postpones...
Published on December 31, 2012
In the Face of Terrorism and Natural Disasters
Article:
...strike your city or hit a town near you. The last thing you want is a security breach of your clients’ information because of a lack of a good disaster recovery plan
Published on January 28, 2011
IRS Announces Disaster Relief for Hurricane Victims
Article:
The IRS announced tax relief under Sec. 7508A for Louisiana and Texas taxpayers who were affected by Hurricanes Gustav and Ike.
Published on June 10, 2010
Catastrophe Claims Evaluation
Article:
With the continued leaking of oil in the Gulf of Mexico, violent storms in the Midwest, the beginning of fire season in the west and hurricane season in the east, forensic accountants will have their work cut out for them as they strive to quantify the myriad claims that always
Published on January 28, 2011
Effects of Emergency Economic Stabilization Act Provisions on Individuals
Article:
The Emergency Economic Stabilization Act of 2008 provides alternative minimum tax (AMT) relief, energy tax credits, and disaster relief for individuals. It also extends the availability of the exclusion from gross income of discharges of qualifying mortgage debt and several other provisions affecting individuals that had expired...
Published on April 19, 2010
Tax Treatment When Employees Surrender Paid Time Off to Benefit Others
Article:
There are various types of PTO donation and leave-sharing programs, not all of which are disaster-related. The tax treatment to the donating employee differs based on the type of program
Published on January 31, 2013
AICPA News Update Vol. 14 No. 36
Newsletter:
Free Webinar: Understand Multi-Generational Issues in the Workplace
Published on October 07, 2011
AICPA News Update Vol. 14 No. 38
Newsletter:
Free Webinar: Worst IT Practices CPAs Can Advise Business to Avoid
Published on October 07, 2011
IRS Provides Relief for Hurricane Sandy Victims
Article:
In response to the extraordinary damage caused by Hurricane Sandy and the extreme need for relief, the IRS announced various tax relief measures for individuals and businesses affected by Hurricane Sandy in Connecticut, New Jersey, New York, and Rhode Island.
Published on December 31, 2012
Farm Bill Enacted over Presidents Veto
Article:
The Heartland, Habitat, Harvest, and Horticulture Act provides tax breaks for farmers, fuel credits, relief for parts of Kansas affected by storms in 2007, and a change in corporate estimated tax payments for 2012
Published on May 02, 2010
Using Thought Leadership to Achieve Trusted Advisor Status
Article:
Even before the downturn, accounting firms sought to move from being transactional service providers to trusted business advisors.
Published on January 28, 2011
Guidance on Unforeseeable Emergency Distributions
Article:
The IRS ruled on whether a Sec. 457 government retirement plan or a nonqualified deferred compensation plan could make an unforeseeable emergency distribution to a plan participant in three situations.
Published on January 04, 2011
Penalty Relief for the Unemployed Under Expanded Fresh Start Initiative
Article:
The IRS announced an expanded “Fresh Start” initiative March 7 to help struggling taxpayers with a number of measures for relief.
Published on April 30, 2012
The 12 Priorities of Top Performers
Article:
Including one "silver bullet" to help auditors and accountants make sure that companies get what they pay for. And are internal auditors up to the taskIncluding one "silver bullet" to help auditors and accountants make sure that companies get what they pay for. And are internal auditors up to the
Published on January 28, 2011
Crop Insurance Proceeds Appropriate Tax Planning Strategies
Article:
The severe drought experienced by much of the United States this year, especially in agricultural regions, is expected to produce a record number of crop insurance claims.
Published on November 30, 2012