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."
Regular communication, via mailings, email, social media posts, blogs or token gifts, is the best way to strengthen long-term relationships with clients. This article features a timeline of events to use throughout the year to stay engaged with clients.
This article discusses what tax practitioners must do if their client fails to heed their advice whan an error is found on a tax return and what to do when the error is attributable to the tax practitioner’s own advice.
This article examines the two somewhat different versions of the rule on advising clients regarding erroneous tax return positions—one applied by the AICPA and the other by the IRS.