Practice Management & Professional Standards

Topics

May 1, 2018

Best practices for firms to promote a culture of ‘due professional care’

A TPQC document plays a key role in helping a firm comply with relevant ethical requirements and promote an efficient and effective tax practice.

April 1, 2018

Requests by IRS and state departments of revenue for electronic accounting software records of taxpayers

The IRS has answered some concerns about taxpayers’ electronic accounting records.

April 1, 2018

Reporting publicly traded partnership Sec. 751 ordinary income and other challenges

Publicly traded partnerships can present challenges for
reporting.

March 1, 2018

Preparing to work indirectly with the cannabis industry

As more states legalize marijuana, CPAs should consider not only whether to take on clients directly
involved but also how to counsel clients whose own businesses are involved in the industry.

February 1, 2018

A new approach to ethics education: Giving voice to values

The Giving Voice to Values approach focuses on putting ethics into action.

February 1, 2018

Ethics rule would require CPAs to discuss suspected illegal acts with clients

This column addresses how this new rule may impact CPA tax practitioners providing services outside the scope of an audit or to a nonaudit client.

January 1, 2018

Form 8879: Requirements, possible problems, and best practices for practitioners

This item discusses practitioners’ requirements and responsibilities surrounding electronic submission of clients’ tax returns.

January 1, 2018

Transcript of account issued by the IRS

When a transcript is obtained, it is important to know the meaning of transaction codes.

December 1, 2017

Kicking off tax season with engagement letters and organizers

It may be beneficial to consider making changes to your engagement letters and organizers this season.

November 1, 2017

Tax return position vs. tax return preparation

Simply preparing a return may invoke different ethical and legal standards than would providing tax advice.

September 1, 2017

Using technology to assist with year-end tax planning

This column focuses on developing a year-end tax planning strategy by using technology.

August 1, 2017

2017 tax software survey

This article offers a look at how CPAs judged their tax preparation software in a wide range of types of practices.

August 1, 2017

Considering whether to file an income tax extension

Extensions can help in avoiding mistakes and determining that all appropriate forms are included with a return.

June 1, 2017

Tax season is over (or is it?): Now what?

This column presents a few thoughts to consider
before taking summer vacation.

May 1, 2017

Safeguarding confidential client information: AICPA and IRS guidance

This column offers practical items for tax professionals to consider as privacy best practices.

March 1, 2017

Protecting Electronic Data in an Unsecure World

Practitioners should consider taking small, actionable steps to secure data, rather than being overwhelmed by several big tasks.

February 1, 2017

Mistakes Were Made: Knowledge of Errors on Returns and What to Do About Them

While a tax practitioner and AICPA member has a duty to notify the client, the client is responsible for deciding whether to correct the error.

January 1, 2017

Pesky IRS Penalties: How to Get Them Abated for Clients

This item summarizes some common IRS penalties and the procedural and practical ways practitioners can obtain a penalty abatement.

January 1, 2017

Decision to Amend Ultimately Falls to the Client

Correcting a minor error that would result in only a small change in tax liability may be unjustifiable, given the cost involved.

December 15, 2016

Preparing and Filing Forms 1099 and W-2 in the Cloud Continues to Rise

Cloud-based preparation and filing reduces the burden and streamlines the overall process.

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Practice Management & Professional Standards

Best practices for firms to promote a culture of ‘due professional care’

Requests by IRS and state departments of revenue for electronic accounting software records of taxpayers

Reporting publicly traded partnership Sec. 751 ordinary income and other challenges

Preparing to work indirectly with the cannabis industry

A new approach to ethics education: Giving voice to values

Ethics rule would require CPAs to discuss suspected illegal acts with clients

Form 8879: Requirements, possible problems, and best practices for practitioners

Transcript of account issued by the IRS

Kicking off tax season with engagement letters and organizers

Tax return position vs. tax return preparation

Using technology to assist with year-end tax planning

2017 tax software survey

Considering whether to file an income tax extension

Tax season is over (or is it?): Now what?

Safeguarding confidential client information: AICPA and IRS guidance

Protecting Electronic Data in an Unsecure World

Mistakes Were Made: Knowledge of Errors on Returns and What to Do About Them

Pesky IRS Penalties: How to Get Them Abated for Clients

Decision to Amend Ultimately Falls to the Client

Preparing and Filing Forms 1099 and W-2 in the Cloud Continues to Rise

employee benefits & pensions

Profits interests: The most tax-efficient equity grant to employees

Tax Clinic

Proposed regulations issued on retirement catch-up contributions

IC-DISC commission payment provisions

The role of REITs for foreign investors in US real estate

Signing partnerships’ returns and other tax documents

Practical considerations for taxpayers and advisers following Loper Bright and Corner Post

Magazine

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