Articles, Tax Practice Guides & Checklists, Comment Letters, Tools, etc.Discussion Forum, Tax Committees, Member PublicationsAICPA ConferencesTax Section Membership info.Publications, CPE, and Conferences
 
Search
 

Search Options

Printer Friendly View

Tax E-Alerts

News you can use on tax regulations, court decisions, legislation, and practice management.

Read the Alerts




As a tax practitioner, you may have contemplated adding personal financial planning services to your practice. There is a natural progression to go from being your client's most trusted tax advisor to also being their most trusted personal financial advisor. But you have questions: will it be profitable? How do I get started? What are other CPA firms doing? All of these questions are addressed in a new research study published by the AICPA's PFP Section that can show you how to expand your services into this lucrative niche area that is a great compliment to your tax practice.

The Personal Financial Planning Section of AICPA and Moss Adams LLP are pleased to announce the results of their first joint study of CPA financial planning and advisory practices- AICPA/Moss Adams CPA Financial Planning Practice Study.

Click here for more information

 
Tax Home > Resources > International > Regulation and Administration > IRS Responds to AICPA Concerns for Filing the Form 3520 for Canadian RRSPs
IRS Responds to AICPA Concerns for Filing the Form 3520 for Canadian RRSPs

This AICPA alert covers the August 1, 2003, IRS Notice 2003-57 on Canadian RRSPs and Forms 3520 and 3520-A reporting requirements. In response to AICPA and other concerns expressed, the IRS released 14 days before the deadline Notice 2003-57, waiving the filing requirements for Forms 3520 and 3520-A for Canadian RRSP holders who meet the following requirements:

 

  1. The taxpayer made the treaty election to defer the income reporting, and

  2. The taxpayer had no distributions in 2002.

This at least reduces about 90 percent of the problem. See the Notice for further details. 

 

Previously, the AICPA Tax Division's International Tax TRP's and Trust, Estate and Gift Tax TRP's Form 3520 Task Force drafted an alert to members and submitted comments to the IRS.

 

Read the Letter and Submitted Comments

Copyright © 2003 by the American Institute of Certified Public Accountants, Inc., New York, New York.