Uncertain Tax Positions for Flowthrough Entities What Is an Income Tax
This column examines the unique state tax issues that arise under ASC 740 for privately held business entities that are organized as flowthrough entities
Published on October 04, 2011
AICPA News Update Vol.12 No.19
Explore the FASB ASC Before July 1 – and While It’s Still Free, AICPA Dedicated Web Site for Background, Information and Resources, Get a Glimpse into the Changes, Further Insights in a Journal...
Published on June 24, 2011
Disclosure of Nonincome Tax Contingencies Under ASC 450 for Not-for-Profit Entities
This item focuses on the importance of properly accounting for and considering the impact of nonincome taxes as they apply to not-for-profit (NFP) entitles.
Published on June 16, 2011
Net Operating Loss and Unrealized Investment Gain Tax Provision Benefit
This item reviews an anomalous situation that occurs in some cases under ASC ¶740-20-45-7 for entities generating NOLs with an investment portfolio
Published on August 24, 2012
AICPA News Update Vol.12 No.27
Resources Developed to Help CPAs Understand, Use FASB Accounting Standards, Codification.; AICPA Members Eligible for Special Value Pricing of Accounting Guidance Library thatIncludes FASB ASC, New Financial Crisis Inquiry Commission Includes AICPA Board Member, New Law in New York May Affect Out-of-State CPAs, AICPA Volunteers Needed to Review Questions on
Published on June 24, 2011
Case Studies for Book-Tax Differences in the Classroom
The authors discuss how to most effectively cover book-tax differences in financial accounting and tax courses and how to prepare accounting graduates for this type of work in the profession.
Published on August 23, 2013
Alternative Simplified R&D Credit Rules Finalized
The IRS has issued final regulations governing the election and calculation of the alternative simplified research and development credit. The regulations extend the election procedures for the alternative incremental research credit to the alternative simplified credit.
Published on January 13, 2012
Indefinite-Lived Assets in Tax Provision
Indefinite-lived assets can cause unexpected results related to the determination of a valuation allowance and its impact on the effective tax rate.
Published on January 28, 2011
Lack of Gross Receipts Does Not Preclude Taxpayers from Claiming R&D Credit
Some practitioners incorrectly assume that lack of gross receipts precludes taxpayers from taking the R&D credit. They should take a look at situations in which they may have forgone the credit because the taxpayer had no gross receipts to ensure that the taxpayer has obtained the maximum allowable credits available
Published on March 15, 2013
Application of the Tax Basis and At-Risk Loss Limitations to Partners
Individual partners who have been allocated a distributive share of loss must satisfy three separate loss limitations before the loss can be used.
Published on March 18, 2013