AICPA Advocates for E-filing and other Changes for Form 2553, Election by a Small Business Corporation
AICPA comment letter on e-filing of Form 2553 while better coordinating with Form SS-4 submissions; adding detail to the Form regarding type of shareholders and how stock is held; clarifying signature requirements in the case of a limited liability company with an S election; and eliminating certain personal information that
Published on May 06, 2011
AICPA Request for Guidance on Allocation of Indirect Deductions for CRTs - June 26, 2007
AICPA 6/26/07 request for guidance on allocation of indirect deduction for charitable remainder trusts (CRTs). CRTs incur administration expenses, which are not directly attributable to a particular type of income. AICPA states that it is unclear how these expenses are to be allocated to the income of a charitable remainder trust
Published on March 14, 2012
Article on Investment Strategy Patents for Charitable Vehicles - March 12, 2007
...charitable vehicles. I n the wake of AICPA's call for legislation against tax strategy patents, the Planned Giving Design Center asks the question: Are investment patents of this type good for planned giving? An overview of the patented tax strategy
Published on March 05, 2012
AICPA Supports New Law with Groundbreaking XBRL Reporting Requirement
The CPA Advocate: October, 2011. For the first time, a law signed Sept. 30 will require states to report to a federal agency how they spend federal dollars using nonproprietary standards such as XBRL.
Published on October 13, 2011
AICPA Provides Positive Feedback to GASB on Government Combinations Proposal
The CPA Advocate: August, 2012. The AICPA commented favorably on GASB’s exposure draft, but urged clarification on the meaning of “service continuation.”
Published on August 15, 2012
AICPA Monitoring PCAOB Forums for Auditors of Smaller Broker-Dealers
The CPA Advocate: August, 2012. The AICPA continues to advocate for a final PCAOB rule requiring inspections of auditors of clearing, carrying and custodial broker-dealers because these broker-dealers directly handle investor funds.
Published on September 20, 2012
CPA Governmental Employees Hear from AICPA Chairman at Conference
The CPA Advocate: September, 2014. About 55 percent of the approximately 400 attendees in the audience in August for the kick-off presentation at the AICPA National Governmental Accounting and Auditing Update in Washington, D.C. by AICPA Chairman Bill Balhoff, CPA, CGMA, CFF were federal, state or local government employees. His
Published on September 25, 2014
Information on Lawsuits on Specific Tax Strategy Patents
This page contains information on lawsuits concerning the SOGRAT and Fort Properties Section 1031 likekind exchange deedshare patents, as well as other information on specific tax strategy patents.
Published on September 19, 2014
AICPA Works to Rationalize Tax Return Due Dates
AICPA supports legislation to solve the problem taxpayers and preparers face when Schedules K1 arrive too close to taxpayers' filing deadlines.
Published on June 30, 2011
AICPA Tax Chair Urges Senate to Approve Automatic Tax Relief for Victims of Natural Disasters
The CPA Advocate: November, 2014. Tax relief for victims of natural disasters should be automatically triggered when a federal disaster declaration is issued, Troy K. Lewis, CPA, CGMA testified at a November 18 Congressional hearing. The current system provides “inconsistent” tax relief, and it is not timely because Congress considers
Published on November 20, 2014