Excluding Assets from a Tax-Free Incorporation to Avoid Double Taxation Later
This column examines several common reasons for retaining assets outside a corporation and discusses possible disadvantages of doing so.
Published on January 13, 2012
Remodel or Rebuild How the Decision Could Affect the Sec. 121 Exclusion
The recent Gates decision forces practitioners to reexamine the types of questions they ask a client during tax planning or their annual tax interview if the client has sold his or her personal residence.
Published on December 01, 2010
Tools for Tax Planning for Foreign Nationals
The AICPA’s Foreign National Task Force has developed tools to help practitioners deal with issues that arise when preparing Form 1040NR for a foreign national.
Published on May 10, 2010
Thinking Outside the Typical Client Profile in Tax Engagements
Tax practice leaders should consider whether their firms have appropriate processes and procedures in place to handle engagements that fall outside their usually relatively narrow profile for busy-season individual tax return engagements.
Published on August 31, 2013
AICPA News Update - February 10, 2012
In this issue: 2011 Tax Practice Guides & Checklists, Brush Up on Practice Standards for Preparing Returns, New Tax Practitioner’s Toolkit with Resources to Help Members Communicate and Promote Their Value, Become a Member of the Tax Section, Sign Up for Free CPA Letter Daily to Get Tax News Each Weekday, Tax Publications Offer Timely
Published on March 09, 2012
Taxpayer Liable for Willful Violation of FBAR Requirements
The Fourth Circuit held that a taxpayer had willfully violated the foreign bank account reporting requirements for two foreign bank accounts.
Published on September 30, 2012
AICPA News Update Vol. 14 No. 55
COSO Releases Proposed Update to Internal Control Framework Send FAF a Comment Letter Supporting an Independent Board for Private Company GAAP Modifications AICPA Releases Revised Revenue Recognition Project Brief Technical Practice Aids Issued on SOC Reports (SSAE No. 16) AICPA Submits Comments to IRS Regarding Trust
Published on January 04, 2012
Developments in Individual Taxation
This article covers recent developments in individual taxation. The items are arranged in Code section order.
Published on February 28, 2013
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
The Accuracy-Related Penalty (Part II)
This article discusses the Sec. 6664 reasonable cause and good-faith defense to the Sec. 6662 penalty.
Published on April 27, 2011