Successful Push for Penalty Relief on Delayed Forms
The CPA Advocate: March 27, 2013. The IRS recently announced late payment penalty relief for those taxpayers who are filing forms released after Jan. 30, addressing one of the AICPA’s requests to the agency to alleviate the burden of a compressed, post-fiscal cliff tax filing season.
Published on March 27, 2013
IRS Responds to AICPA Request Grants FBAR Delay for Some Taxpayers
The IRS extended the June 30 filing deadline to Nov. 1 for some taxpayers who are required to file an FBAR report for calendar years 2009 and earlier. For calendar year 2010, the deadline remains June 30.
Published on June 30, 2011
Portability Extensions for First Half of 2011 Decedents
This page covers the IRS Notice 2012-21 on extensions for making the portability election for decedents dieing in the first half of 2011.
Published on April 02, 2014
State Tax Resources
This page provides information and resources on state-level issues affecting tax professionals.
Published on January 13, 2015
AICPA Urged IRS to Extend Estate Filing Deadlines for 2010 and 2011 Estates
The CPA Advocate: September, 2011. AICPA tells IRS executors will need 90 days after the Internal Revenue Service publishes the final 2010 and 2011 estate tax Forms 706 and Form 8939 and instructions to prepare returns for individuals who died in 2010 and 2011.
Published on September 08, 2011
AICPA Opposes Repeal of Foreign Earned Income Exclusion
AICPA opposes repeal of the foreign earned income exclusion, as proposed in Section 350 of S. 1054, the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Published on June 21, 2005
AICPA Supports GASB Action to Improve Pension Accounting Standards
The AICPA Advocate: August, 2012. The AICPA endorsed the GASB's June 25 vote to improve existing standards for pension accounting and financial reporting for state and local employers, as well as governmental pension plans. The GASB released the new standards on Aug. 2, which will be effective in 2013 and
Published on August 15, 2012
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
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
History of the 7th Edition of the UAA
In May 2014, the AICPA and National Association of State Boards of Accountancy (NASBA) released the 7th edition of the Uniform Accountancy Act (UAA). The UAA is an "evergreen" model licensing law developed to provide a uniform approach to regulation of
Published on May 27, 2014