Blog Articles Regarding Accounting

June 1, 2015

IRS Asks for Comments on Accounting Method Changes for Proposed Revenue Recognition Standards

The IRS asked for comments on what effect the new proposed financial accounting revenue recognition standards should have on taxpayers’ methods of accounting Source:: AICPA – […]

May 27, 2015

Thieves Access IRS Get Transcript App, 100,000 Accounts Compromised

The IRS announced on Tuesday that criminals have used taxpayer-specific information to gain access to approximately 100,000 taxpayers’ accounts through the IRS’s Get Transcript online application […]

May 21, 2015

FBAR Alert: June 30 Filing Deadline is Quickly Approaching

Article for May Tax Section Newsletter on the FBAR June 30 Filing Deadline Source:: AICPA – Tax

May 21, 2015

Limitation of refunds of amounts withheld from foreign persons and FATCA Withholdings

Article on FATCA withholding for May Tax Section Newsletter Source:: AICPA – Tax

May 21, 2015

Check Your Clients’ Forms 1099-B: Reporting Changes May Create Basis Errors

Issue Spotlight for May Tax Section newsletter regarding 1099-B Source:: AICPA – Tax

May 21, 2015

AICPA Members Rate IRS Services

Article detailing results from AICPA Survey on IRS Service Levels for May newsletter. Source:: AICPA – Tax

May 21, 2015

May Tax Power Hour Debrief

Tax Power Hour Debrief article for May Tax Section newsletter Source:: AICPA – Tax

May 20, 2015

Tax Reform, Lower Rates Among Top Legislative Goals, Ryan Tells AICPA

Rep. Paul D. Ryan, R-Wis., outlined his priorities since taking over House Ways and Means Committee leadership to members of the AICPA’s spring Council meeting in […]

May 19, 2015

Supreme Court Invalidates Maryland’s Personal Income Tax Structure

The Supreme Court held that the personal income tax system imposed by the state of Maryland, which did not give taxpayers a credit against their county […]

April 17, 2015

Millions of Taxpayer Phone Calls Went Unanswered by IRS This Tax Season

The number of taxpayer phone calls answered by the IRS dropped significantly during this tax season and call wait times were up. Source:: AICPA – Tax

April 24, 2015

Proposed PFIC Rules Would Define “Active Conduct” of an Insurance Business

Proposed regulations would clarify the circumstances under which investment income earned by a foreign insurance company is derived in the active conduct of an insurance business […]

April 24, 2015

Washington Update – Tax Advocacy

Featured Story for April Tax Section Newsletter. Washington Update – Tax Advcocacy article on what’s happening in Washington and the Tax Advocacy team efforts. Source:: AICPA […]

April 24, 2015

April Tax Power Hour Debrief

Highlights of the April 2015 Tax Power Hour: Annual Tax Season Debrief webcast Source:: AICPA – Tax