Remodel or Rebuild How the Decision Could Affect the Sec. 121 Exclusion
The recent Gates decision forces practitioners to reexamine the types of questions they ask a client during tax planning or their annual tax interview if the client has sold his or her personal residence
Published on December 01, 2010
Tools for Tax Planning for Foreign Nationals
The AICPA’s Foreign National Task Force has developed tools to help practitioners deal with issues that arise when preparing Form 1040NR for a foreign national.
Published on May 10, 2010
Taxpayer Liable for Willful Violation of FBAR Requirements
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 - February 10, 2012
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...
Published on March 09, 2012
AICPA News Update Vol. 14 No. 55
COSO Releases Proposed Update to Internal Control Framework Send FAF a Comment Letter Supporting an Independent Board for Private Company GAAP Modifications AICPA Releases Revised Revenue Recognition Project Brief Technical Practice Aids Issued on SOC Reports (SSAE No. 16) AICPA Submits Comments to IRS Regarding Trust
Published on January 04, 2012
Questions to Include in Individual Tax Organizers
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
FBARs and Not-Yet-Reported Offshore Income Penalties and Practitioners Issues
This item considers (1) options available for the client that did not disclose under the IRS’s voluntary disclosure program, which ended October 15, 2009; (2) practitioners’ responsibilities, including tax organizers and engagement letters; and (3) items suspended and/or extended to the June 2010 due date
Published on January 28, 2011
AICPA News Update - February 8, 2013
In this issue: Save Money and Time with Free Tools to Help You Communicate with Clients; Updated 2012 Tax Practice Guides, Checklists, Organizers and Letters; Get Exclusive Discounts and Resources by Joining the Tax Section; Sign Up for Free CPA Letter Daily to Get Tax News Each Weekday; Network with...
Published on February 13, 2013
Thinking Outside the Typical Client Profile in Tax Engagements
Tax practice leaders should consider whether their firms have appropriate processes and procedures in place to handle engagements that fall outside their usually relatively narrow profile for busy-season individual...
Published on August 31, 2013
Excluding Assets from a Tax-Free Incorporation to Avoid Double Taxation Later
This column examines several common reasons for retaining assets outside a corporation and discusses possible disadvantages of doing so.
Published on January 13, 2012