Indefinite-Lived Assets in Tax Provision
Article:
Indefinite-lived assets can cause unexpected results related to the determination of a valuation allowance and its impact on the effective tax rate.
Published on January 28, 2011
FIN 48 Compliance Disclosing Tax Positions in an Age of Uncertainty
Article:
FIN 48 presents new challenges for taxpayers, auditors, and tax advisers. The disclosures required by the interaction of FAS 109 and FIN 48 will result in greater public disclosure of tax planning techniques, including the strengths and weaknesses of those techniques.
Published on May 10, 2010
Case Studies for Book-Tax Differences in the Classroom
Article:
The authors discuss how to most effectively cover book-tax differences in financial accounting and tax courses and how to prepare accounting graduates for this type of work...
Published on July 11, 2012
Accounting for Financial Instruments
Article:
The future of accounting for financial instruments is set for significant changes. But rather than tackle the issue collectively, the...
Published on January 28, 2011
Are Critics Against the Adoption of IFRS So Compelling
Article:
International Financial Reporting Standards (IFRS) was the hot topic in accounting areas for several years, but it appears to have faded away. Various reasons explain...
Published on January 28, 2011
Fin 48 and State and Local Income Taxes
Article:
...Scott Salmon, CPA, M.Acc. The required adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), for...
Published on April 19, 2010
Hot Topics in FAS 109
Article:
As the financial statement year-end tax provision planning process begins, it is a good time to review some areas of Statement of Financial Accounting Standards No. 109 (FAS 109), Accounting for Income Taxes, that could require more analysis...
Published on March 11, 2011
AICPA News Update Vol. 14 No. 34
Newsletter:
AICPA Recommends SEC Allow U.S. Public Companies to Adopt IFRS
Published on August 22, 2011
AICPA News Update - March 23, 2012
Newsletter:
In this issue: Free Learning Guide Available for FASB Accounting Standards Codification®, Starting a CPA Practice Made Easy, Now Available: Three Tools for Improving Boards’ Effectiveness, PCAOB Panelists Suggest Alternatives to Mandatory Audit Firm Rotation, Catch Up on AICPA...
Published on June 18, 2012
Tips for Preparing the Form 5471 for Controlled Foreign Corporations
Article:
This article gives an overview of the issues faced by practitioners when preparing Form 5471 and can serve as a roadmap to the potential problems and traps for the unwary.
Published on January 28, 2011
CPA Conflicts of Interest
Article:
Avoiding conflicts of interest requires CPAs to aggressively identify potential conflicts and take appropriate remedial action.
Published on January 28, 2011
Auditing Financial Instruments
Publication:
A description of publications available on auditing financial instruments
Published on March 20, 2013
Available Online Professional Libraries Collections
Article:
The information below details the contents of the Online Research Tool collections available, including their contents.
Published on February 05, 2013
Must LIFO Go to Make Way for IFRS
Article:
Currently, IFRS do not allow for the use of the LIFO inventory method, jeopardizing its use for U.S. tax purposes due to the LIFO conformity requirement in Sec. 472. The disallowance of the use of LIFO for tax purposes would result in a large current tax bill for many of
Published on January 28, 2011
The ABCs of Acquisitive Reorganizations
Article:
This column addresses the call for more active teaching methods by providing tax educators an interactive spreadsheet assignment to incorporate into an introductory taxation course.
Published on August 01, 2012