AICPA Tax Standards Strengthened
Revised AICPA statements on standards for Tax Services (SSTS) became effective on January 1, 2010, and provide high, enforceable ethical responsibilities for CPAs in providing tax services
Published on April 13, 2010
An Overview of AICPA and IRS Rules of Practice
...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
The Repair Regulations Considerations for Downstream Oil and Gas Businesses
The oil and gas industry faces numerous challenges in applying the fact-intensive rules of the so-called repair regulations to costs incurred to repair and maintain property during its service life.
Published on May 31, 2013
Final Regulations on Dual Consolidated Losses A Practical Guide (Part II)
This article discusses triggering events for dual consolidated losses and their consequences, as well as the transition rules from the 1992 to the 2007 regulations.
Published on May 10, 2010
Tax Return Due Diligence Basic Considerations
This article examines the rules of due diligence and the importance of tax professionals understanding these rules and proactively adapting to them in a practical manner.
Published on August 23, 2013
AICPA News Update - March 5, 2010
...Ribbon Panel on Private Company Financial Reporting Named; AICPA, State Societies Ask House Members to Support Bill Requiring GAO Comptroller General Be a CPA; Global Accounting Alliance Releases Report on Simplifying Financial Reporting; IFAC Global Leadership Survey Says Financial Standards Convergence a Must for
Published on March 08, 2010
IRS Issues Final Regulations on Sec. 6694 Tax Return Preparer Penalties
The IRS issued final regulations implementing the changes to the Sec. 6694 tax return preparer penalties.
Published on January 28, 2011
General Guidance for Accountants and Auditors
A description of publications available on general corporations
Published on November 01, 2013
Tangible Property Costs and Repair Expenditures Regs.
The IRS issued long-awaited regulations regarding the treatment of expenditures incurred in selling, acquiring, producing, or improving tangible assets, including rules on determining whether costs related to tangible property are deductible repairs or capital improvements.
Published on February 29, 2012
Advising Clients Regarding Erroneous Tax Return Positions Part I
This article examines the two somewhat different versions of the rule on advising clients regarding erroneous tax return positions—one applied by the AICPA and the other by the IRS.
Published on May 31, 2013