Tax Compliance

    Tax Compliance 

    The complexities of the Internal Revenue Code, combined with the ever-changing client environment, makes assisting clients with tax compliance a constant challenge. Whether working with federal or state issues, domestic or foreign matters, and individual or business clients, every practitioner must ensure they are technically competent to serve their clients. While tax preparation software has made compliance work easier, the data is only valid if entered properly, and software cannot take the place of a knowledgeable tax practitioner. Even the best practitioners can benefit from regular updates and practical tools to ensure that all required due diligence is considered when preparing and reviewing tax returns.

    Our staff and volunteers work year-round to keep you current on issues that matter to your practice, regardless of size or specialty. We provide access to timely resources including practice guides, practice aids, webcasts, and more. Check back often for newly added materials.

    Browse our complete library of tax compliance resources using the predefined search filters on the left. Clicking on these filters will result in a list of resources based on your choice. “By Topics” will result in a list of different types of resources and documents related to that topic. “By Document Type” will result in a list of resources of a particular type (e.g., checklist, sample letter, or engagement letter) regardless of topic. You can apply multiple filters to narrow your search. For example, if you select a topic (e.g., charitable contributions), and then select a document type (e.g., checklist), the results list will include a link to our Charitable Contribution Checklist. 

    What to Know Now

    Update on Repair Regulations: IRS Provides Relief for Small Businesses!

    • IR 2015-29: On Friday, Feb. 13, 2015, the IRS announced simplified procedures for the final tangible property regulations.
    • Rev. Proc. 2015-20: Newly issued procedures permits small businesses to change a method of accounting under the final tangible property regulations on a prospective basis, and avoid completing and filing a Form 3115. 


    Tools & Resources

    We are constantly in the process of developing new or updated existing resources. Some newly released resources include:

      • Qualified Subchapter S Subsidiary (QSub) Practice Guide : In 1996, Congress for the first time allowed S corporations to own 100% of another corporation and thus take advantage of certain rules related to affiliated corporations. This practice guide includes 115 pages including six chapters and three appendices complete with examples, a checklist, related Subchapter C concepts, and primary materials.
      • Quick Summary of Final Tangible Property Regulations: View a chart summarizing the recently issued final regulations for tangible property. This chart provides an overview of the regulations for tax practitioners and taxpayers.
      • Sample Capitalization Policy : This is a book capitalization policy template for our members to customize and use internally or to advise clients.
      • Nondiscrimination Testing Rules Chart : This nondiscrimination testing practice aid is a matrix designed to assist auditors in determining which types of compliance testing is required for which types of qualified retirement plans.
      • Casualty Loss Practice Guide : Revised Sept. 2014, this guide is to assist practitioners in dealing with certain tax problems that arise when a client is affected by a natural disaster. It discusses rules for casualty losses and deductions for involuntary conversions, and it will provide information on relevant IRS publications, as well as other useful material.




        This symbol identifies tools and resources available exclusively for Tax Section members. When accessing premium member-only content within the Tax Resource Library, you will be prompted to enter your user ID and password to validate your Tax Section membership. Not a member? Learn more about these premium resources along with the many other benefits of membership in the AICPA Tax Section.


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