AICPA News Update Vol. 14 No. 51
SEC Decision on IFRS at Least a Few Months Away Auditing Standards Board Issues Clarity Exposure Draft on Going Concern AICPA Releases Working Draft of Accounting and Valuation Guide Omnibus Exposure Draft on Misleading Firm Names Released by AICPA Ethics Division CPAs' Pessimism About U.S. Economy Shrinks But Remains Strong
Published on December 09, 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...
Published on February 13, 2013
Obtaining a Power of Attorney Through IRS E-Services
E-services is a suite of internet-based products that allows tax professionals to conduct client business with the IRS 24 hours a day, 7 days a week
Published on January 28, 2011
AICPA News Update - October 19, 2012
In this issue: NY Metropolitan Commuter Transportation Mobility Tax Continues to Provide Liability Issues for CPAs, New TPAs Available for Insurance Entities, SOP 12-1 Issued on Reporting Pursuant to the Global Investment Performance Standards, Tool Helps CPAs...
Published on October 23, 2012
Deduction Allowed for Payments to Long-Term Caregivers
The Tax Court held that payments made to an elderly woman’s caregivers for personal care that she required due to her diminished capacity qualified as long-term care services and...
Published on August 31, 2011
Tax Treatment When Employees Surrender Paid Time Off to Benefit Others
There are various types of PTO donation and leave-sharing programs, not all of which are disaster-related. The tax treatment to the donating employee differs based on the type of program
Published on January 31, 2013
Changing Level of Participation in an S Corporation for Tax Planning Purposes
A shareholder materially participates in an S corporation if the shareholder or the shareholder’s spouse is involved in the corporation’s trade or business on a regular, continuous, and substantial basis. This column discusses three tests that practitioners are likely to encounter when dealing with S corporation shareholders.
Published on January 13, 2012
Energy-Efficient Commercial Buildings Deduction Revisited
...Co-Editors: Michael Metz, CPA; Nick Gruidl, CPA, MBT The deduction available for updating or constructing more energy-efficient commercial building property has been previously discussed; see Schuerman, Tax Clinic, "Energy-Efficient Commercial Buildings
Published on July 13, 2010
Enhance Tax Courses With Documentaries, News Segments, and Other Nonfiction Video Resources
Valuable nonfiction film and video resources for tax courses, specifically documentary films, news segments, and news stories can be found at many video libraries and video-sharing websites
Published on January 31, 2013
How Will Final Regs. Apply the Knight Commonly Incurred Test
In Knight, the Supreme Court held that under Sec. 67(e), a trust expense otherwise subject to the 2% of AGI floor is fully deductible under the exception in Sec. 67(e) only if it would be uncommon for an individual holding the same property to incur the expenses.
Published on May 10, 2010