Defending R&D Credits
This article highlights and analyzes some recent decisions concerning the research and development (R&D) tax credit and IRS administrative practices when auditing R&D credit claims, most notably the Union Carbide decision in the Tax Court
Published on May 01, 2010
Tax Area Homepage
Tax: The AICPA provides tax practice tools to help members elevate their practices and maintain the highest ethical standards. The AICPA also advocates sound tax policy and effective tax administration...
Published on August 10, 2014
Tax Court Again Holds That Innocent Spouse Relief Limit Is Invalid
Despite being overruled by the Seventh Circuit in an earlier case, the Tax Court has again held that the regulatory two-year limitation period for filing a claim for equitable innocent spouse relief under Sec. 6015(f) is invalid. This item assesses...
Published on November 01, 2010
Revised LMSB Examiner Procedures for Tax Preparer Penalty Cases
This item discusses the continuing trend of shifting accountability for tax return compliance to return preparers by raising preparer conduct standards, broadening the definition of tax return preparers, and increasing preparer penalties for violations
Published on November 01, 2010
Tax-Related 3rd Party Verification (Comfort Letter) Requests
The AICPA Tax Section's comfort letter resources on the Financial Reporting Center
Published on June 05, 2014
Final Regulations Govern Listed Transactions for GST Tax
The IRS issued final regulations on Thursday that add transactions that reduce or eliminate the generation-skipping transfer (GST) tax as listed transactions or transactions of interest and require the disclosure of those transactions under Sec. 6011
Published on November 10, 2011
Potential Implication of Recent Sec. 469 Court Decisions for Self-Employment Tax Rules
For purposes of self-employment taxes, many members of LLCs have treated themselves as limited partners and have therefore reported that their distributive share of income was not subject to self-employment tax under Sec...
Published on July 01, 2010
Witnesses Tell Congressional Subcommittee Small Business Health Tax Credit Is Too Complicated
A tax credit enacted to encourage small businesses and tax-exempt organizations to provide health insurance coverage for employees is too complicated and is not meeting its goal, witnesses told a...
Published on November 15, 2011
Tax Law Changes Delay Start of Filing Season for Some Taxpayers
The IRS has warned taxpayers that it will not be accepting certain 2010 individual tax returns until mid- or late February, due to tax law changes enacted by Congress late in 2010. Taxpayers affected include all those who itemize deductions on Schedule A, as...
Published on February 01, 2011
11/22/2013 Tax e-Alert PTIN System Now Open IRS Shutdown Contingency Plans
Nov. 22, 2013 Tax E-Alert Newsletter. Articles include: IRS PTIN System Ready For 2014 Applications, AICPA Requests IRS Shutdown Contingency Plan for 2014 Tax Season, Freddie Mac Third-Party Verification Letters, Amending...
Published on November 22, 2013