As the COVID-19 pandemic forces firms to accelerate the adoption and overall use of virtual communication tools, practitioners need to be aware that the foundational principles of ethics and best practices still apply when using these technologies.
Last-minute requests during the rush of tax season can turn into an opportunity to court new clients.
The IRS launches fresh efforts to promote awareness of data security issues.
Taxpayers can rely on either the proposed or final Sec. 199A regulations for 2018, and CPAs must evaluate which would be most beneficial for each client.
CPAs can reassure an unsettled client base by confidently providing coherent explanations and advice relating to the many changes brought about by last year’s tax reform legislation.
CPAs can advise clients about several IRS programs for paying past-due taxes.
When CPAs are asked to provide comfort letters, they must be clear about facts they are affirming, giving careful consideration to client confidentiality and other liabilities that could arise from a lender’s reliance on those facts.
CPAs can protect tax advice to clients from disclosure by understanding the scope of the Sec. 7525 practitioner-client privilege, when it applies, and what actions can cause a waiver of this key protection.
This column discusses reasons for delayed refunds and actions practitioners can take when a client is experiencing a delay.
This item discusses practitioners' requirements and responsibilities surrounding electronic submission of clients’ tax returns.
It may be beneficial to consider making changes to your engagement letters and organizers this season.
This column focuses on developing a year-end tax planning strategy by using technology.
This column offers practical items for tax professionals to consider as privacy best practices.
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.
A number of ethics and risk management issues must be considered when preparing and filing FinCEN Form 114.
Tax classes should teach students not only to navigate the Code but also to communicate their findings effectively through internal memos and client communications.
This article reviews how "taxpayer receipts" can help practitioners provide additional tax information to clients.
This column explores the interrelationship of ethical and practical considerations that start before client data come into the office and continue after the return is filed.
This year-end article offers a list of tasks to consider to get ready for the upcoming filing season.
This column addresses the concerns of small CPA firms dealing with a business client base with assets of less than $10 million and the final regulations on tangible property or the "repair regulations."