Topical Articles and Technical Developments
This page includes links to numerous topical articles, including technical developments, on issues associated with tax-exempt or not-for-profit organizations, including various tax aspects and informational reporting concerns, etc
Published on October 11, 2012
Top 11 Tax Issues for Exempt Organizations
The AICPA Exempt Organizations Tax Technical Resource Panel developed this summary of the top tax issues for exempt organizations (also commonly referred to as not-for-profit or non-profit entities) to assist Tax Section members with their practices. June 2011
Published on November 12, 2012
Tax Preparation Tips for Exempt Organizations
The AICPA Exempt Organizations Tax Technical Resource Panel developed this aid to assist Tax Section members with preparing returns for exempt organizations (also commonly referred to not-for-profit or non-profit entities) on Form 990. June 2011
Published on November 12, 2012
AICPA Comments on Proposed Regs Defining Child Under Section 152
On August 8, 2007, AICPA commented on section 152 proposed regulations on a special rule for children of divorced or separated parents or parents who live apart.
Published on April 19, 2012
TaxEalert New Tax Planning Brochures to Inspire Year-Round Client Contact, AICPA Makes Recommendations to IRS on Guidanc...
Published on August 02, 2013
Proposed Revenue Ruling - Treatment of Noncapital, Nondeductible Expenses with Respect to an S Corporation Shareholder
When an S corporation has nondeductible items such as a portion of meal and entertainment expenses, the shareholders must reduce stock basis by the pro rata share of such expenses before reducing basis for deductible losses, thus effectively reducing basis available for deductible losses. Generally, if non-deductibles reduce basis to
Published on January 28, 2011
05/24/13 Tax E-alert IRS Announces Tax Relief for Oklahoma Tornado Victims, President Names New Acting IRS Commissioner,...
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Published on August 05, 2013
AICPA Summarizes IRS Strengths and Weakness for the Oversight Board
In a testimony before the IRS Oversight Board, the AICPA provided comments on: (1) the future direction of electronic tax administration, (2) enforcement challenges, (3) effective collection strategies, and (4) workforce empowerment.
Published on September 10, 2012
IRS Controversy Could Cause Tax-Exempt Processing Slowdown
Prepare for a slowdown in work handled by the IRS Exempt Organizations Division in the wake of the recent controversy involving the processing of certain applications for tax exemption, says the division’s former head.
Published on June 21, 2013
AICPA Sends Its AICPA Statement on Taxpayer Rights to Ways and Means
In this letter to the House Ways and Means Subcommittee, the AICPA provided comments on five tax administration legislative proposals: (1) an April 30 due date for electronically filed returns; (2) low income tax clinics; (3) penalties and interest; (4) the collection process; and (5) a better means of communicating
Published on March 12, 2012