How Poor Planning and Tainted Opinion Added Up to a $36.7 Million Accuracy Penalty
In a case of first impression, the Tax Court in Canal Corp. et. al. v. Commissioner, 135 T.C. No. 9, was presented with a leveraged partnership transaction. As a result of poor planning, sloppy paperwork and a tainted opinion by PriceWaterhouseCoopers...
Published on September 09, 2010
Questions on EINs in F Reorganizations Involving Disregarded Entities
Until the IRS issues clarifying guidance on whether a corporation that converts to an LLC always must retain its historic EIN, potential procedural conflicts may exist in relying on Rev. Rul. 73-526 to retain an EIN in an F reorganization.
Published on July 01, 2013
Ohios CAT Upheld
The Supreme Court of Ohio has ruled that the state’s commercial activity tax (CAT) does not violate the Ohio constitution’s prohibition of excise or sales taxes upon food sales and purchases.
Published on December 01, 2009
Service Learning and Tax More Than VITA
This column provides readers with some thoughts for integrating service learning using tax issues as the content platform. The column describes the projects used by the author and some additional thoughts for expanding the scope of tax-based service learning projects beyond VITA.
Published on August 01, 2009
AICPA News Update - January 27, 2012
In this issue: New AICPA/CIMA Management Accounting Designation to Launch January 31 at International Event, IRS Sends PTIN Renewal Reminders to Practitioners, Last Call: Be a Part of Raising Financially Fit Families, Catch Up on AICPA Insights
Published on March 09, 2012
AICPA News Update - May 11, 2012
In this issue: Navigating a Non-Family Leadership Role in a Family-Owned Business, Free Webinar: Small Firm Issues Update, AICPA Now Accepting Nominations for National Public Service Award, Apply for the 2012 P. Thomas Austin PFP Division Scholarship to Attend the Advanced Estate Planning Conference
Published on May 11, 2012
AICPA News Update - January 11, 2013
In this issue: IRS Delays Start of Tax Season to Jan. 30; AICPA Survey: Most AICPA Members Believe Deficit Reduction Should Be Government’s Top Economic Priority; AICPA and NYSSCPA Release Modifications of Form TC309 for NYC Certiorari Filings; Have You Seen the New Journal of Accountancy Mobile Website?; Free Webinar:
Published on January 11, 2013
Special AICPA News Update - Nov. 1, 2012
In this issue: Exposure Draft Released on Financial Reporting Framework for Smaller Private Entities
Published on November 01, 2012
Transition Relief Offered on Minimum Essential Coverage and Shared-Responsibility Penalty
Proposed regulations issued by the IRS answer a number of questions regarding the Sec. 5000A individual mandate under 2010’s health care reform legislation.
Published on April 01, 2014
Academic-Based VITA Programs
VITA programs sponsored by accounting programs provide valuable, free tax services to their communities.
Published on August 01, 2008