Checklist for Determining Whether Trusts Qualify As S Corporation Shareholders
There are several types of trusts that are statutorily permitted to own stock in an S corporation. This practice aid includes checklists, flowcharts, sample forms and primary material to help the practitioner competently...
Published on October 05, 2011
Use of Wrong Delivery Service Results in Dismissal of Tax Court Petition
Taxpayers who chose the wrong type of FedEx delivery service did not get the benefit of the timely mailing/timely filing rule and as a result had their petition dismissed
Published on September 12, 2012
Identity Theft Protection Process at IRS Needs Improvements, TIGTA Says
TIGTA recently audited the IRS’s Taxpayer Protection Program to assess how the Service is handling the explosive growth in tax return identity theft in recent years.
Published on July 18, 2013
Websites for Fiduciary (Trust) Accounting References - Appendix D
Appendix D provides a directory of websites for fiduciary (trust) accounting references, with information on the organization responsible, type of content, and the site address
Published on April 17, 2012
Summary Chart of Current and Proposed Due Dates
This is a summary of the current law and proposed legislation due dates and extended due dates in H.R. 901 and S. 420.
Published on March 06, 2013
Article on Investment Strategy Patents for Charitable Vehicles - March 12, 2007
...charitable vehicles. I n the wake of AICPA's call for legislation against tax strategy patents, the Planned Giving Design Center asks the question: Are investment patents of this type good for planned giving? An overview of the patented tax strategy
Published on March 05, 2012
TIGTA Revise Form 1099-R to Improve Taxpayer Compliance
TIGTA recommended the IRS change its Form 1099-R to improve taxpayer compliance with reporting and paying tax on retirement income
Published on February 08, 2012
Dozens Indicted on Stolen Identity Tax Refund Fraud Charges
Federal officials in Miami announced indictments of 40 people in 20 cases for stolen identity tax refund fraud.
Published on October 11, 2012
Final Regs. Issued on Exclusion of Damages for Personal Physical Injury
The IRS on Friday issued final regulations relating to the exclusion from gross income for damages received on account of physical injuries or sickness.
Published on January 20, 2012
Checklist to Determine if a Trust is a Valid S Corporation Shareholder
This AICPA practice aid contains a checklist, flowcharts, sample letters, an ESBT-S Portion calculation worksheet, and key primary materials related to the various trusts that can qualify as S corporation shareholders. The goal is to assist you in making certain that such trusts (QSST, ESBT, Inter Vivos, Subpart E) properly
Published on April 13, 2012