In this issue:
Fate Premium Tax Credits Unclear
In what seems like the perfect storm headed toward the Supreme Court, two federal appellate courts issued conflicting decisions about the premium tax credit for taxpayers who purchase health insurance on exchanges set up by the Affordable Care Act (ACA).
Small Businesses Need Cash Method of Accounting, AICPA Tells Congress
The AICPA called on a House small business panel to expand the cash method of accounting to small businesses. Many states prohibit public accounting firms from allowing any passive (investor) ownership and a majority of the owners must hold active CPA licenses.
Model Tax Curriculum
The AICPA has updated the Model Tax Curriculum, a resource for use by accounting educators seeking to develop or modify accounting programs or course offerings to best prepare students to enter the accounting profession.
Also in this issue:
- Affordable Care Act (ACA) Implications: Mid-Year Premium Tax Credit Checkup
- ITIN Deactivation Plan Offers Pros and Cons
- Small Businesses Need Cash Method of Accounting, AICPA Tells Congress