FBAR Extended for Certain Persons
Article:
Any U.S. person who has a financial interest in or signature authority over foreign bank accounts, the maximum value of which in aggregate is over $10,000 at any time during a year, must file a Form TD F 90...
Published on January 28, 2011
IRS and FinCEN Extend FBAR Deadlines for Certain Filers
Article:
The IRS has further extended the deadline for certain persons to file an FBAR form for 2009 and earlier years. U.S. persons with a financial interest in, or signature authority over, any financial accounts in a foreign country must file an FBAR if the aggregate value of these accounts exceeds
Published on January 13, 2012
Are Hedge Funds and Private Equity Funds Foreign Financial Accounts
Article:
This item discusses whether investments in or management of hedge funds and private equity funds should be included within the scope of the FBAR filing requirements.
Published on April 17, 2012
AICPA News Update Vol. 13 No. 29
Newsletter:
Download free whitepaper on training grants
Published on April 16, 2013
A Record-Breaking Year for e-Filing
Article:
2007 was another record-breaking year for tax returns filed electronically with the IRS.
Published on May 02, 2010
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
Court Rejects Patentability of Business Methods
Article:
The Federal Circuit has significantly altered the landscape of business method patents by holding that to be patentable a business process must meet the “machine or transformation” test.
Published on April 19, 2010
IRS Extends FBAR Filing Date for 2008 Filings
Article:
The IRS announced in Notice 2009-62 that it is extending for certain taxpayers the due date for filing calendar-year 2008 Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). Because Treasury is still working out various FBAR filing issues, it has decided to give certain taxpayers until
Published on January 28, 2011
AICPA Asks Court to Nullify Tax Patents
Article:
The AICPA has submitted an amicus brief in the patent case of In re Bilski, involving the patentability of business processes.
Published on May 10, 2010
Increased Focus on International Activities of Tax-Exempt Organizations
Article:
Many tax-exempt entities participate in the global economy by engaging in charitable or other exempt activities overseas and making foreign financial investments; These activities have drawn attention from the IRS as they examine the flow of tax-exempt funds around the world.
Published on June 30, 2012
Supreme Court Grants Cert. in Bilski Case
Article:
The Supreme Court granted a writ of certiorari in the case of Bilski v. Doll; the Court agreed to review the Federal Circuit’s earlier decision in the case and possibly put to rest the question of when business methods are eligible for patent protection.
Published on January 28, 2011
AICPA News Update Vol. 14 No. 14
Newsletter:
Expanded 1099 repeal passes Senate
Published on April 14, 2011
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 Vol. 13 No. 54
Newsletter:
Congress Passes Tax Cut Extensions
Published on January 28, 2011
Patent Reform Act Stops New Tax Strategy Patents
Article:
On September 16, President Barack Obama signed into law the Leahy-Smith America Invents Act, which reforms the U.S. patent system and stops the granting of patents for tax strategies.
Published on October 31, 2011