Revised Statements on Standards for Tax Services

Article:  The AICPA has released revised Statements on Standards for Tax Services (SSTS), effective January 1, 2010. The SSTS are enforceable standards of tax practice issued by the AICPA’s Tax Executive Committee (TEC
Published on January 28, 2011

Interpretations of SSTS No.1, Tax Return Positions

Article:  Recently issued revised and updated interpretations of the AICPA’s SSTS No.1, Tax Return Positions, provide guidance to practitioners on tax reporting standards when recommending return positions or preparing or signing returns
Published on April 30, 2012

Circular 230, Section 10.21, and SSTS No. 6 Standards Relating to Taxpayer Errors and Omissions

Article:  Circular 230 SSTS No. 6 impose standards of conduct on CPAs who discover an error or omission in a prior-year tax return
Published on August 01, 2012

AICPA Exposes SSTS Draft

Article:  On November 26, the AICPA's Tax Executive Committee exposed for review draft revised Statements on Standards for Tax Services (SSTS
Published on January 28, 2011

AICPA Tax Standards Strengthened

Article:  Revised AICPA statements on standards for Tax Services (SSTS) became effective on January 1, 2010, and provide high, enforceable ethical responsibilities for CPAs in providing tax services
Published on April 13, 2010

Preview and Analysis of Proposed Statements on Standards for Tax Services

Article:  The AICPA's Tax Executive Committee released an exposure draft of proposed Statements for Tax Services (SSTS Nos. 1-7) on November 26, 2008
Published on January 28, 2011

Due Diligence Update

Article:  This column discusses the tax professional’s due-diligence obligations under SSTS No. 3 and Circular 230
Published on April 30, 2012

Tax Practice Quality Control

Article:  Practitioners should consider implementing a tax practice quality-control system.
Published on October 31, 2012

Ethical Considerations in Reporting Use Taxes on State Income Tax Returns

Article:  As more states allow residents to report a liability for state use taxes on their individual income tax returns, practitioners will have to explain to clients their obligations in reporting use tax liability and address the professional standards for reporting use tax on a state income tax return.
Published on March 18, 2013

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

CPA Obligations for Addressing Errors and Omissions

Article:  Both Circular 230 and AICPA professional standards impose obligations on CPAs who encounter errors or omissions on prior-year tax returns.
Published on May 02, 2010

Tax Practice and the Federal Criminal Code

Article:  Tax practitioners and taxpayers can be prosecuted for crimes under the criminal sections of the Internal Revenue Code and under the general criminal provisions in Title 18 of the U.S. Code.
Published on May 11, 2010

Code of Professional Ethics

Article:  Our ethical behavior is essential to preserve the trust that the public has placed in our profession. The publicity on certain isolated individuals within our profession has, at times, left a doubt with the public that we must attempt to dispel. We as professionals must double our efforts to make
Published on January 28, 2011

Conflicts of Interest IRS Rules Differ from AICPA Professional Standards

Article:  Circular 230 forbids federal tax practitioners from having conflicts of interest, defined as representation of one client that is directly adverse to that of another client, or representing a client in circumstances creating a significant risk that the representation of one or more clients will be materially limited by the
Published on January 08, 2013

Estimates and the Cohan Rule

Article:  When dealing with clients who have incomplete records, return preparers are frequently forced to use estimates whether they want to or not.
Published on January 28, 2011