Cost Basis Reporting System Needs Work, AICPA Tells IRS
Newsletter:
The CPA Advocate: August, 2012. New formats for reporting capital gains and losses during the past tax season caused a lot of headaches for tax practitioners and taxpayers alike. The AICPA made recommendations to correct existing problems
Published on August 14, 2012
Taxpayers Need Relief from Steep Automatic Penalty, AICPA Tells IRS, Treasury
Newsletter:
The CPA Advocate: April, 2013. The automatic $10,000 penalty imposed on companies with interests in overseas corporations that file a late information return (Form 5471) is especially burdensome for smaller companies, the AICPA told the IRS
Published on April 29, 2013
S Corporations Advocacy
Article:
This section contains analysis of legislative issues, comments and other topical information regarding S corporation taxation
Published on February 28, 2013
State and Local Advocacy
Article:
This section contains legislative issues and comments regarding state and local taxation.
Published on May 20, 2013
IRS Issues Interim Relief on More-Likely-Than-Not Penalties
Article:
On December 31, 2007, the IRS indicated that, if a position satisfies the substantial authority standard, practitioners will not be required to disclose the position nor be subject to a section 6694 preparer penalty if they meet the requirements outlined in Notices 2008-11, -12, and -13.
Published on March 22, 2010
RRSP and RRIF Information Reporting Notice Part III - 2005
Article:
...describing the new simplified reporting regime that Treasury & IRS developed for taxpayers who hold interests in RRSPs and RRIFs. The regime is designed to permit taxpayers to meet their reporting obligations by using information readily available
Published on March 14, 2012
IRS Responds to AICPA Request Grants FBAR Delay for Some Taxpayers
Newsletter:
The IRS extended the June 30 filing deadline to Nov. 1 for some taxpayers who are required to file an FBAR report for calendar years 2009 and earlier. For calendar year 2010, the deadline remains June 30
Published on June 30, 2011
AICPA Works to Rationalize Tax Return Due Dates
Newsletter:
AICPA supports legislation to solve the problem taxpayers and preparers face when Schedules K1 arrive too close to taxpayers' filing deadlines
Published on September 02, 2011
AICPA Briefings Help Prepare Hill Staff for Tax Season
Newsletter:
The CPA Advocate: March 27, 2013. The AICPA offered information for Capitol Hill staff to help constituents through a shortened and uncertain tax season
Published on March 27, 2013
Maryland State Resource and Contact Information
Link:
Maryland state resources in the areas of accountancy, government, study, and taxes.
Published on October 03, 2012
State CPA Societies Call for Co-Sponsors for Tax Due Dates Bills
Newsletter:
The CPA Advocate: August, 2012. In reply to AICPA's request, 44 states have asked their members of Congress to co-sponsor legislation to rationalize due dates for tax returns.
Published on August 14, 2012
AICPA Wins Repeal of 1099 Reporting Requirements
Newsletter:
The CPA Advocate: May, 2011. AICPA's push to overturn burdensome 1099 information reporting requirements succeeded April 14 when President Obama signed H.R. 4 into law
Published on May 27, 2011
House and Senate Tax Reform Discussion Drafts Include Due Date Simplification Proposal Championed by AICPA
Newsletter:
...Finance Committees include provisions of the due dates simplification bill the AICPA has pushed Congress to enact in order to alleviate the problem of receiving late Schedule K-1 information and
Published on March 27, 2013
Hurricane Irene Extend Tax Filing Deadlines for Areas Affected by Storm
Newsletter:
The CPA Advocate: September, 2011. The AICPA asked the IRS to extend tax filing deadlines for business returns where the taxpayers or tax return preparers are in areas affected by Hurricane Irene
Published on October 12, 2011
AICPA Provides IRS Proposed FAQs, Seeks Additional Section 7216 Guidance
Comment Letter:
The AICPA and other professional organizations submitted eight draft frequently asked questions (FAQs) to the IRS, addressing issues of concern to taxpayers and tax return preparers relating to the section 7216 regulations. The FAQ document also includes a list of modifications the AICPA believes are critical to making the section
Published on January 28, 2011