Excluding Assets from a Tax-Free Incorporation to Avoid Double Taxation Later

Article:  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

Article:  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

Taxpayer Liable for Willful Violation of FBAR Requirements

Article:  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 - February 10, 2012

Newsletter:  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

Tools for Tax Planning for Foreign Nationals

Article:  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

AICPA News Update Vol. 14 No. 55

Newsletter:  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

The Accuracy-Related Penalty (Part II)

Article:  This article discusses the Sec. 6664 reasonable cause and good-faith defense to the Sec. 6662 penalty.
Published on April 27, 2011

Tax Return Due Diligence Basic Considerations

Article:  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 April 27, 2011

Developments in Individual Taxation

Article:  This article covers recent developments in individual taxation. The items are arranged in Code section order.
Published on February 28, 2013

Questions to Include in Individual Tax Organizers

Article:  To help clients avoid possible penalties and sanctions, practitioners should ensure that the following questions are included in their customized tax software organizers for individual clients for the upcoming filing season
Published on April 19, 2010

AICPA News Update - February 8, 2013

Newsletter:  In this issue: Save Money and Time with Free Tools to Help You Communicate with Clients; Updated 2012 Tax Practice Guides, Checklists, Organizers and Letters; Get Exclusive Discounts and Resources by Joining the Tax Section; Sign Up for Free CPA Letter Daily to Get Tax News Each Weekday; Network with Other CPAs...
Published on February 13, 2013

FBARs and Not-Yet-Reported Offshore Income Penalties and Practitioners Issues

Article:  ...item considers (1) options available for the client that did not disclose under the IRS’s voluntary disclosure program, which ended October 15, 2009; (2) practitioners’ responsibilities, including tax organizers and engagement letters; and (3) items suspended and/or extended to the June 2010 due date
Published on January 28, 2011

AICPA News Update Vol. 14 No. 5

Newsletter:  Special Tax Issue with News and Resources
Published on February 08, 2011

Setting Up Firm Procedures to Fight Identity Theft

Article:  Ways tax professionals can help combat identity theft and educate their clients.
Published on September 30, 2012

Is Your Marketing on Steroids

Article:  It’s no secret that we’re all looking for ways to get maximum benefit from our marketing dollars these days. But hectic schedules, regular routines and tired brains often limit our potential to discover new solutions. As a result, many CPA firms don’t reap all the rewards from their marketing efforts
Published on January 28, 2011