Erroneous LIFO Methodology

Article:  A mistake made in a taxpayer’s LIFO computation may repeat in later year returns if staff preparing the computation take a “same as last year” approach. When the mistake ultimately is detected, there is a question of whether the mistake represents a method of accounting or an error.
Published on May 12, 2010

Correcting Accounting for Deferred Revenue

Article:  This item analyzes changing a method of accounting for deferred revenue from an impermissible method to a permissible method.
Published on June 01, 2010

Recharacterization of Income from Nonpassive to Passive Is Not a Change in Accounting Method

Article:  This item examines the IRS National Office's ruling that the recharacterization of income from nonpassive to passive for purposes of the passive activity loss and credit limit rules of Sec. 469 is not a change of accounting method for purposes of Secs. 446(e) and 481(a).
Published on January 28, 2011

Defining a Method of Accounting

Article:  An accounting method can be described as a regular practice for determining when to recognize items of income or expense in taxable income.
Published on May 14, 2010

Audit Alerts

Article:  Information regarding the AICPA Audit Risk Alerts.
Published on February 11, 2013

How to Identify a Potential Criminal Tax Matter Requiring an Attorney

Article:  This column discusses some of the circumstances where it might be appropriate to refer or involve an experienced criminal tax attorney and the importance of making a timely referral.
Published on May 31, 2013

Texas Comptroller Provides Rules on the Texas Franchise Tax

Article:  A current movement in state taxation is the introduction of a gross receipts or modified gross receipts tax in place of a net income tax.
Published on May 02, 2010

Key Aspects of the New Tangible Property Regulations

Article:  Temporary regulations on expenditures to acquire, improve, and maintain tangible property significantly modify previous guidance and earlier proposed regulations.
Published on December 31, 2012

Interpretations of SSTS No.1, Tax Return Positions

Article:  Recently issued revised and updated interpretations of the AICPA’s SSTS No.1, Tax Return Positions, provide guidance to practitioners on tax reporting standards when recommending return positions or preparing or signing returns.
Published on April 30, 2012

Current Corporate Income Tax Developments (Part II) - 2010

Article:  During 2009, numerous state statutes were added, deleted, or modified; court cases were decided; regulations were proposed, issued, and modified; and bulletins and rulings were issued, released, and withdrawn. This article covers some of the more important developments in apportionment, unitary groups/filing methods, administration, flowthrough entities, and other significant corporate
Published on January 08, 2013

Tax Planning with Single-Employer Qualified Plans

Article:  This article discusses the rules of Sec. 404 regarding the ability to deduct contributions to single-employer qualified retirement plans. It explains required contributions, and respective limitations, for tax deductible contributions to qualified retirement plans and outlines the requirements related to the timing of plan contributions.
Published on May 10, 2010

Current Developments in Employee Benefits and Pensions (Part I)

Article:  This article covers significant developments in late 2010 and 2011 in employee benefits, including employment taxes, executive compensation, health and welfare benefits, and qualified plans. Part I focuses on guidance released and changes to the rules for employment taxes and executive compensation.
Published on April 20, 2012

Current Corporate Income Tax Developments (Part II) - 2011

Article:  This article covers some of the more important developments in the areas of apportionment, unitary groups/filing methods, administration, flowthrough entities, and other significant corporate state tax issues.
Published on January 08, 2013

Individual Taxation Report

Article:  This article covers recent significant developments affecting taxation of individuals, including cases, IRS guidance, and legislative changes.
Published on January 28, 2011

The Tax Consequences of Point-Based Employee Reward Programs

Article:  This article explores the tax consequences of point-based employee recognition programs.
Published on July 13, 2012