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Practice Management & Professional Standards
Ten Things CPAs Need to Know About Structured Legal Fees
With the right preparation, a structured legal fee agreement can be an excellent tax planning tool for plaintiffs’ lawyers.
Concerns About CPA Letters to Third Parties
A CPA receives a request from a client to provide a letter to the client’s mortgage broker, lender, adoption agency, or other third party. Is there any harm in the CPA signing the client’s suggested letter or writing one of her own?
CPAs Can Take the Lead in Boomer Financial Planning
Baby boomers will need a wide range of financial planning services and have the money to pay for them.
Sec. 7216 Regulations
The AICPA Tax Division has formed a task force to review the impact of final regulations released by Treasury and the IRS in January 2008, involving the disclosure and use of tax return information by tax return preparers under Sec. 7216.
Tax Practice and the Federal Criminal Code
Tax practitioners and taxpayers can be prosecuted for crimes under the criminal sections of the Internal Revenue Code and under the general criminal provisions in Title 18 of the U.S. Code.
CPA Obligations for Addressing Errors and Omissions
Both Circular 230 and AICPA professional standards impose obligations on CPAs who encounter errors or omissions on prior-year tax returns.
CPAs at Risk as Government Continues to Attack Abusive Tax Shelters
Through regulations and other forms of guidance issued since 1999, the IRS has clearly put tax practitioners on notice that it considers tax shelter transactions that generate noneconomic tax losses as not allowable for federal income tax purposes.
Training in the Modern Tax Practice
Training in the 21st-century public accounting firm is very different than it was 30 years ago, when many of the baby boomers who are now in management positions within the firms began their careers.
On the Bookshelf
Information on books of interest to tax practitioners.
Final Regs. Govern Release of Taxpayer Information by Preparers
The IRS released final regulations that govern the handling and release of taxpayer information by return preparers.
AICPA Tax Section Accomplishments in 2007
The Tax Section serves the public interest by helping AICPA members to be the most trusted professional providers of tax services, advocating sound tax policy and effective tax administration.
Attracting Young People to the Profession: What Can CPAs Learn from Doctors?
Co-Editors: Steven F. Holub, CPA; Jeffrey A. Porter, CPA Television treats the general public to a wide array of medical specialties on a weekly basis. While most Americans might never see a neurologist, they probably know what one is, thanks to TV. This broad knowledge of the medical profession likely
Advisers Beware: The Cost of Being Sued Is Going Up
This article explores the circumstances surrounding the awarding of interest on unpaid tax liabilities in malpractice cases. It analyzes the prior case law, discusses the decisions in two recent cases, and considers the future treatment of interest in accounting malpractice suits.
AICPA Tax Division Relies on Volunteers
The AICPA Tax Division’s primary goals are to help its members be the most trusted professional providers of tax services and to advocate sound tax policy and effective tax administration. The Tax Division consists of AICPA staff members and a myriad of volunteer members who serve on various committees, task
2007 Distinguished Service Award
At its annual Spring Tax Division meeting in Denver on June 4, the AICPA Tax Division’s Tax Executive Committee bestowed its Tax Section Distinguished Service Award for 2007 on Justin P. Ransome, a partner in the National Tax Office of Grant Thornton LLP in Washington, DC. Mr. Ransome chairs the
The Office of the Future
Co-Editors: Steven F. Holub, CPA; Jeffrey A. Porter, CPA For the sole practitioner or small CPA office, “the office of the future” will be paperless. The migration to a paperless office has been embraced by practices of all sizes. But, much like the initial transition to the in-house preparation of
WEB Browsing
Editors: Dennis Schmidt, Ph.D., CPA; Will Yancey, Ph.D., CPA Council on State Taxation (COST) (www.statetax.org) is the leading state and local tax (SALT) professional organization representing taxpayers. Established in 1969, COST is a nonprofit trade association consisting of nearly 600 multistate corporations. Its objective is to preserve and promote equitable
AICPA Tax Section Benefits and Resources
Co-Editors: Steven F. Holub, CPA; Jeffrey A. Porter, CPA The more than 23,000 current members of the AICPA Tax Section realize substantially enhanced benefits as a result of their membership. Tax Section members are representative of the overall AICPA membership: approximately 16,000 identify themselves as working in various-sized CPA firms
AICPA Position on Patents for Tax Strategies
The AICPA and its members have extensive experience in rendering advice to taxpayers on tax planning and compliance matters. From this unique vantage point, the AICPA has considered the broad effect of tax-strategy patents on taxpayers, professional tax advisers and the public interest. Background The patentability of tax strategies
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
