New IFRS Certificate Program Helps CPAs Demonstrate Expertise in Global Marketplace

Article:  Businesses from Wall Street to Main Street are increasingly being affected by the global business environment. That’s leading many CPAs to seek opportunities to broaden their knowledge of International Financial Reporting Standards. With IFRS expertise and experience, CPAs can carve out a niche with multinational corporations or companies doing business
Published on June 01, 2011

AICPA News Update Vol. 13 No. 22

Newsletter:  Ballot Vote to Enhance Membership Admission
Published on January 28, 2011

Special News Update - Spring Council 2013 Highlights

Newsletter:  The AICPA governing Council’s spring 2013 meeting was held in Washington, D.C. this week. AICPA leaders from each of the 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam attended the Council meeting.
Published on May 21, 2013

IRS Proposes Rules on Sec. 1256 and Notional Principal Contracts

Article:  The IRS issued proposed regulations clarifying when swap contracts and certain similar agreements will be subject to mark-to-market accounting and the other rules of Sec. 1256
Published on August 24, 2012

New Continuity-of-Interest Regs. Expand Definition of Qualifying Stock Recipients in a Reorg.

Article:  Treasury recently finalized regulations, effective for transactions occurring after December 12, 2008, for applying the continuity-of-interest (COI) requirement to insolvent corporations (T.D. 9434).
Published on January 28, 2011

Congress Passes Pension Amendments

Article:  The Worker, Retiree, and Employer Recovery Act makes various technical corrections to provisions of the Pension Protection Act of 2006, as well as enacting pension provisions that relate to the current economic crisis.
Published on January 28, 2011

New Directives from the LMSB

Article:  The IRS Large and Mid-Size Business (LMSB) Division has issued several new directives related to issues targeted under its issue-tiering strategy.
Published on January 28, 2011

Is Office Artwork Depreciable Property

Article:  Whether office artwork and decor is depreciable depends on whether the decorations are considered “valuable and treasured” art pieces or just plain tangible property used in the trade or business.
Published on August 01, 2012

Guidance Issued on Interest Exceeding Acquisition and Home Equity Indebtedness Limitations

Article:  The IRS recently released guidance for allocating excess mortgage interest expense.
Published on April 30, 2012

State Taxation of Trusts Credit for Taxes Paid to Other States

Article:  The state income taxation of trusts and estates has become an increasingly complicated and challenging task for trustees and their tax advisers.
Published on August 31, 2012

IRS Continues to Challenge Deferral of Revenue from Gift Cards

Article:  In recent years, due to the increasing use of gift cards and the disparity between the federal tax accounting and financial accounting treatment of advance payments, there has been inconsistency among taxpayers and confusion as to the proper timing of recognizing income from gift cards.
Published on January 28, 2011

Current Leading Practices for Structuring the Family Office

Article:  This article explores certain structural attributes of the family office in an attempt to identify some leading practices for families (and their advisers). These structural attributes are organized into four categories: (1) ownership and governance, (2) scope of services provided, (3) capital structure and funding, and (4) entity selection and
Published on April 17, 2012

Current Corporate Income Tax Developments (Part I)

Article:  This article focuses on some of the more interesting items in the following corporate income tax areas: nexus; Sec. 338(h)(10) transactions; allocable/apportionable income; and tax base.
Published on May 10, 2010

Current Developments in Employee Benefits and Pensions (Part II)

Article:  ...late 2009 and 2010 in employee benefits, including executive compensation, health and welfare benefits, qualified plans, and employment taxes. Part II focuses on guidance released and changes to the rules for executive compensation and qualified plans
Published on January 28, 2011

Holding Period and Basis Considerations of Partnership Conversions

Article:  This article summarizes the tax consequences of entity changes involving the conversion to or from any entity treated as a partnership for federal income tax purposes (e.g., general partnerships, limited partnerships, LLCs with two or more members, and limited liability partnerships).
Published on May 10, 2010