Experience Requirement to Become Licensed as a CPA
Overview:
Summary of experience requirements necessary for a CPA to become licensed into the profession
Published on May 24, 2012
AICPA Advocates for E-filing and other Changes for Form 2553, Election by a Small Business Corporation
Comment Letter:
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
Form 1041NR - Draft 5 US Income Tax Return for Foreign Estates and Trusts
Template:
Form 1041NR Draft 5 pages 1-5 , US Income Tax Return for Foreign Estates and Trusts, which includes sections on type of entity, income and deductions, tax and payments, creation and classification of the Trust, information on the trustee, and Schedules A through E
Published on May 15, 2013
AICPA Request for Guidance on Allocation of Indirect Deductions for CRTs - June 26, 2007
Comment Letter:
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
AICPA Supports New Law with Groundbreaking XBRL Reporting Requirement
Newsletter:
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 12, 2011
AICPA Provides Positive Feedback to GASB on Government Combinations Proposal
Newsletter:
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 14, 2012
AICPA Monitoring PCAOB Forums for Auditors of Smaller Broker-Dealers
Newsletter:
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 19, 2012
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
CPACPA
Overview:
Regardless of where CPAs are employed, they should be able to use their title, in conjunction with their business activity, as long as they meet certain licensing criteria, meet continuing professional education (CPE) standards, and are subject to regulation by a state board of accountancy.
Published on July 31, 2012
Commissions and Contingent Fees
Issue Brief:
Issue brief on under what condition should CPAs be allowed to accept commissions and contingent fees.
Published on April 12, 2012
AICPA Comments on FY2005 Budget Proposal
Comment Letter:
AICPA weighs in on the administration's retirement savings plan proposals.
Published on February 10, 2010
AICPA Urges Congress to Make S Corporation Reforms
Comment Letter:
AICPA provides written testimony before Congress in support of the Subchapter S Modernization Act of 2003.
Published on September 28, 2012
AICPA Cheers as Congress Moves One Step Closer to Protecting Tax Strategies
Newsletter:
The patent reform bill passed by the U.S. House of Representatives on June 23 is an important victory for U.S. taxpayers and the AICPA.
Published on September 02, 2011
AICPA Suggests Improvements to New Cash Accounting Method Notice 2001-76
Comment Letter:
The AICPA comment letter of 02.28.2002 requests that the IRS clarify and refine Notice 2001-76, which expanded the application of the cash method of accounting to certain businesses with revenues of less than $10 million.
Published on May 20, 2013
AICPA Asks IRS to Clarify and Improve Intangible Asset Automatic Consent Procedures
Comment Letter:
AICPA comments 08.24.2004 regarding the requirements found in Section 4.02 of Revenue Procedure 2004-23.
Published on May 20, 2013