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.




Tools & Resources
  • Form 5500 Tax Organizer: a client facing package meant to assist in the collection and submission of client information necessary to prepare a tax return
  • Form 5500 Tax Checklist: used to address the issues, areas, or topics related to a specific tax form, used by preparers and reviewers to ensure compliance with IRS reporting and documentation rules, and assist practitioners with identifying any missed reporting issues, planning opportunities and potential exam or audit risks on a tax return
  • Informed Client Consent Letter for Tangible Property Regulations: Sample letter to assist in communicating the implications of the Tangible Property Regulations to clients who qualify as small business taxpayers under Rev. Proc. 2015-20
  • 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
  • Casualty Loss Practice Guide: Guide 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

News & Articles



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? Lear more about these premium resources along with the many other benefits of membership in the AICPA Tax Section.
Copyright © 2006-2016 American Institute of CPAs.