South Carolina Taxpayer Information Stolen
South Carolina is providing affected taxpayers a year of credit monitoring after a hacker stole information including 3.8 million Social Security numbers and 387,000 credit and debit card numbers from its computer systems
Published on January 01, 2013
Nonphysical Injury Awards After Murphy
The taxation of nonphysical injury awards is far from settled, and taxpayers and practitioners should be diligent in monitoring future developments
Published on December 01, 2008
AICPA News Update - December 7, 2012
In this issue: Provide Input on AICPA’s Development of New Financial Reporting Framework for SMEs; Continuous Auditing, Control Monitoring Opportunities Broaden; Technical Questions and Answers Issued Regarding Audits of Group Financial Statements; Ethics Pays: For the Business and For Your Career; Free Client-Oriented Webinar on “Fiscal Cliff...
Published on December 07, 2012
What Do the Cash Method of Accounting and Sausages Have in Common
...which the country has not seen since 1986. As a result, the AICPA, in fulfilling one of its key roles as a leading professional organization, has been active in monitoring and educating Congress about the implications of various
Published on October 01, 2014
New Directives from the LMSB
The IRS Large and Mid-Size Business (LMSB) Division has issued several new directives related to issues targeted under its issue-tiering strategy.
Published on January 01, 2010
Tax Practice Quality Control Guide
The AICPA has provided substantial guidance to practitioners over the years on quality control as well as guidance regarding tax practice reviews, which are an integral part of the quality control process. It is important that all members of the firm (partners and employees) understand the firm's commitment to the
Published on June 01, 2009
The Universal Life Crisis A Potential Fix for an Underperforming Policy
The prolonged low-interest-rate environment can have a dramatic effect on universal life insurance policies.
Published on June 01, 2014
Measuring, accounting and auditing greenhouse gas emissions potentially have opened up a whole new line of work for accountants. What do you think?
Published on May 12, 2011
Tax Practice Quality Control
Practitioners should consider implementing a tax practice quality-control system.
Published on November 01, 2012
Schedule UTP IRS Mandates Disclosure of Uncertain Tax Positions
This article explores the requirements of Schedule UTP, discusses modifications to the IRS’s policy of restraint pertaining to tax reconciliation workpapers, and suggests how to avoid the inadvertent waiver of the work-product privilege for documents relating to uncertain tax positions.
Published on May 01, 2011