GAQC Membership Requirements
Lists the requirements necessary to be eligible for membership in the Government Audit Quality Center. A CPA firm must agree to adhere to GAQC Membership Requirements.
Published on April 06, 2012
CAQ Membership Requirements
In order to join and retain membership status in the CAQ, a member must abide by several requirements.
Published on April 06, 2012
EBPAQC Membership Requirements
List of requirements to be eligible to be a member of the Employee Benefit Plan Audit Quality Center.
Published on April 09, 2012
Using an Offer in Compromise
In these economic times, more taxpayers are not able to fully pay their federal income taxes when due. There are several methods that may be used to pay tax liabilities in this situation, one of which is an offer in compromise
Published on July 01, 2010
Restricted Interest and Common Errors Made by the IRS
The Internal Revenue Code allows the IRS to charge interest when a taxpayer does not pay all required taxes by the due date of the return. The Code also requires the IRS to pay interest on refunds in certain circumstances. This item discusses the many nuances related to...
Published on June 30, 2011
2010 Estate Tax Payment, Carryover Basis Election Extended
Executors of estates of most decedents who died in 2010 now can get an automatic extension until March 19, 2012, to pay any estate tax due as well as to file an estate tax return, the IRS announced on September 13
Published on September 14, 2011
2010 Estate Tax Payment and Carryover Basis Election Extended
Executors of estates of most decedents who died in 2010 can now get an automatic extension until March 19, 2012, to pay any estate tax due as well as to file an estate tax return, the IRS announced on September 13
Published on October 31, 2011
Determining the Taxability of S Corporation Distributions Part I
This two-part article provides a comprehensive review of the rules for determining the taxability of an S corporation’s distributions to its recipient shareholders. Part I provides an overview of the intent of Sec. 1368 and the related regulations, the shareholder- and corporate-level attributes that drive a distribution’s taxability, and the
Published on December 31, 2013
IRS Provides Penalty Relief for Farmers Hit by Delayed Start of Tax Season
The IRS announced that it will provide estimated tax penalty relief for farmers and fishermen who are not able to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns
Published on January 22, 2013
Tax Court Holds Assumption of Estate Tax Liability May Reduce Value of Gift
...an IRS motion for summary judgment in an estate and gift tax case where the taxpayer made gifts to her daughters while requiring them to pay any tax liability that would have been due if the taxpayer had died within three years of making the gifts
Published on October 03, 2013