AICPA News Update - August 17, 2012
In this issue: AICPA Issues Working Draft of Not-for-Profit Guide, AICPA Submits Letter in Support of Legislation Exempting Valuation Analysts from Fiduciary Rules, Draft New Chapter of Accounting and Valuation Guide Released for Comments, Teaching Kids...
Published on August 20, 2012
State Trust and Estate Income Tax Return Checklist
The AICPA State & Local Tax Technical Resource Panel has developed a checklist to assist practitioners with compliance for trusts and estates.
Published on February 28, 2014
An Overview of AICPA and IRS Rules of Practice
This column refreshes practitioners on the AICPA and IRS rules of practice, provides a list of resources for questions and answers, and details the relationship and similarities between the AICPA and IRS ethics standards related to tax practice.
Published on February 19, 2014
Using a Limited Liability Partnership as the Entity of Choice
A new type of entity that has appeared in the United States in recent years is the limited liability partnership (LLP) or registered limited liability partnership (RLLP). This entity is similar in many respects to the limited liability company (LLC). All states now have LLP statutes.
Published on January 28, 2011
Form 1042 Information Reporting Requirements
Taxpayers have an obligation to file information reporting forms to report certain payments to nonresident individuals, foreign corporations, foreign partnerships, and certain foreign fiduciaries, estates, and trusts
Published on May 02, 2010
Selected Issues Concerning the State Income Taxation of Nonresident Trusts and Estates
This column discusses selected state income tax issues for nonresident trusts that are a direct result of several recent challenges, including societal and marketplace conditions, increasingly complex tax laws, and declining state revenues.
Published on January 13, 2012
Reporting Trust and Estate Distributions to Foreign Beneficiaries (Part I)
This article explains the procedures and tax compliance issues that fiduciaries face before domestic trust or estate distributions are paid or allocated to foreign beneficiaries
Published on November 30, 2012
Reporting Trust and Estate Distributions to Foreign Beneficiaries (Part II)
This two-part article explains the computations, payment, and reporting requirements for U.S. trust and estate distributions to foreign beneficiaries.
Published on December 31, 2012
Evaluating Whether to Adopt a Retirement Plan
Qualified retirement plans appeal to both employers and employees. In today’s job market, such plans help employers compete with other firms that offer such plans.
Published on May 10, 2010
Benefiting From Unique Attributes of ESOPs
An employee stock ownership plan (ESOP) is a stock bonus plan or a combination of a stock bonus plan and money purchase pension designed to invest primarily in stock of the employer.
Published on July 23, 2013