This section contains current AICPA Tax E-Alerts.

NOTE: The Alerts are available for AICPA Tax Section members only. You will be prompted to enter your Tax Section username and password.

Tax E-Alert, May 15, 2009
2009 Auto Depreciation Limits; IRS Guidance on Selling or Surrendering Life Insurance Contracts; Stimulus Payments Being Mailed to Retirees; AICPA Seeks Guidance on Unauthorized Disclosure Penalty; AICPA Comments on IRS Notice on Basis Reporting; Tax Section Member Discount on Small Business Tax Conference; Tax Section Survey on K-1 Timing.

Tax E-Alert, May 8, 2009
Reasonable Compensation Decision for the Taxpayer; Small Business Estimated Payments and ARRA; IRS Clarifies Procedures for Small Business NOL Carrybacks; SBA Releases Small Business Effective Tax Rate Study; May 15 Deadline for Tax Division Committee Appointments; Proposed Legislation would Limit FLP Discounts.

Tax E-Alert, March 6, 2008

IRS Will Not Challenge Accuracy of Returns with AGI of One Dollar; IRS Says Unbundling Trustee Fees Not Necessary for 2007 Returns; Revised Form 5227 Issued for 2007 Filing; IRS Changes Position on Performance-Based Compensation for $1 Million Limit; Supreme Court Rules to Let Workers Sue for 401(k) Losses. 

Tax E-Alert, February 27, 2009

Free Webinars on Section 7216 Implementation; Free Webinar on Tax Advice for Madoff Victims; New Corporations and Shareholders Practice Guides; Expanded Coverage of ARRA Available from AICPA.

Tax E-Alert, February 16, 2009
The Latest on Implementing Section 7216; Free Audio E-Alerts

Tax E-Alert, February 6, 2009
Problems with Form 1065; Later 1099s but Same March 6 Deadline For Trust Distributions; IRS Sets 2009 Employee Personel Vehicle Use Values; Bonus Depreciation Election Procedures; IRS Revises Subpart F Contract Manufacturing Regs.

Tax E-Alert, January 21, 2009
Bernie Madoff with Your Client’s Funds—Now What; IRS Issues Guidance on Sections 409A and 457A; Allocating First-Time Homebuyers Credit for Non-Married Co-Owners; $100 Tax Section Discount on High-Income Individuals Conference; Audio E-Alert of State Society Tax Leaders Briefing.

Tax E-Alert, January 9, 2009 
2008 Tax Return Checklists Now Available Online; FIN 48 Requirement Added for 2008 Private Company Financials; New Section 7216 Regs in Effect; New Cost-Sharing Arrangement Transfer Pricing Regs in Effect; Free Audio E-Alerts Now Available; Green Tax Volunteers Needed. 

Tax E-Alert, December 12, 2008
Engagement Letters, Organizers, and Individual Checklists Posted; SSTSs Revisions Proposed; Happy Holidays for Some Banks!; Section 403(b) Annuity Plan FAQs; Healthcare Plan Debit Cards May be Used Until June 30, 2009; Form 990 Webcast;  Casualty Loss Updates; Comments on IRS Employee Compliance Resolution Program; Comments on Charitable Contribution Substantiation Proposed Regs.

Tax E-Alert, November 26, 2008
New Employment Tax Rules for Single Member LLCs for 2009; IRS Announces New Mileage Rates; Tax Legislation Update Webcast; S Corporation Tax Current Developments Infocast; Partnership Tax Current Developments Infocast.

Tax E-Alert, November 21, 2008
IRS Guidance on Use or Disclosure of Tax Return Information; Many Exempt Orgs May Be Eligible to File Short Form 990-EZ; 2009 Cost of Living Adjustments Announced; Controversial Notice Allows Deduction of BILs following Ownership Change; IRS Relaxes Rule for Controlled Foreign Corps; New Foreign Bank Account Reporting Procedures; Automatic Penalties for Late Form 1120s with Forms 5471s; National Tax Conference PowerPoint Outlines Available Without Charge; Engagement Letters and Organizers Coming 1st Week of December; Sid Kess 2008 Tax Return Video Courses Available; Live Audio Presentation: 2008 Tax Legislation...What You Need to Know Before THIS Busy Season - December 1st, 2008 2 - 3:30 PM ET; Bilski Sets New Standard for Tax Strategy Patents. 

Tax E-Alert, October 17, 2008
FASB Changes Position on FIN 48 Effective Date for Private Companies.

Tax E-Alert, October 3, 2008
FASB Won’t Exempt Private Companies, Pass-Throughs, and Not-For-Profits from FIN 48; IRS Updates Travel Expense Guidelines; Treasury Acts to Limit Application of Sec. 382 to Seized Financials; Treasury Acts to Limit Application of Sec. 382 to Seized Financials (Part Deux); Free Webcast on Strategies to Escape the Reach of AMT; Free Webcast on Advising Clients in the Current Market; Nominations Sought for Tax Public Service Award; House and Senate-Passed Extenders Bills Includes Penalty Relief; AICPA Supports Legislation on Exempting Trusts and Estates from 2% Floor on Administrative Cost Deductions.

Tax E-Alert September 19, 2008

Tax E-Alert, August 22, 2008 2008 M-3 Question to Track Change in Accounting Principles; IRS Expands EPCRS Program; Save the Date: Oct. 27th Webcast on AMT: Strategies to Escape It’s Reach; Free Web Seminar on Deferred Compensation (or Discounted with CPE); Coming In September.

Tax E-Alert, August 8, 2008 Tax Provisions in New Housing Act; 2008 M-3 to Track Moves to IFRS; GAO Officials Discuss Mortgage Indebtedness with AICPA Representatives; Business Valuation Training and Exam Available; Free Associate Membership in Tax Division Technical Resource Panels and Committees.

Tax E-Alert, July 25, 2008 IRS Issues More FAQs on Health Savings Accounts; Tax Accounting TRP Meeting with Chief Counsel Korb; Guidance Issued on Dividing CRTs, Assisting Divorcing Couples; Update to Incorrect IRS Notices Sent to Many Taxpayers; Free Web Seminar on Deferred Compensation (or Discounted with CPE); Free Associate Membership in Tax Division Technical Resource Panels and Committees.

Tax E-Alert, July 11, 2008 Extension Period Shortened for Partnerships, Estates and Trusts; Incorrect IRS Notices Sent to Many Taxpayers; IRS Approves Three-Corner Transaction Involving Donor-Advised Fund; IRS Issues Notice on Recurring Compensation; More Disaster Relief from the IRS; IRS No Longer Requiring Resubmission of 2006 Form 3520 for Foreign Trusts and Foreign Gifts; IRS Approves Use of Rolling Average for Inventory Valuation.

Tax E-Alert, June 27, 2008 Proposed Preparer Penalty Regulations Released; IRS July Phone Forum on Powers of Attorney; IRS Increases Standard Mileage Rates; IRS Clarifies Definition of “Outside Director” under Section 162(m); New U.S. Tax Rules on Expatriation Recently Signed into Law; Free Outlines on Tax Strategies for High Income Individuals.

Tax E-Alert, June 13, 2008 If Your Client Receives a Missing W-2 Inquiry; IFRS Is Coming; One-Time IRA Transfer to an Health Savings Account; Health Savings Account Contribution Limits; Tax Division’s Casualty Loss Guide Available; More-Likely-Than-Not Penalty Relief Pursued.

Tax E-Alert, May 30, 2008 The Rebate Two-Step; Stimulus Payment Withdrawals from IRAs Are Tax and Penalty Free; New Expatriation Tax Rules Passed by Congress; AMT Relief for High-Income Individuals; Foreign Bank and Financial Account Information Report Deadline is 6/30, and IRS is Enforcing Penalties;  More AICPA Comments Submitted on Section 67(e) on Trust and Estate Administrative Costs.

Tax E-Alert, May 16, 2008 Form 990-N; Take A Survey and Improve Your Busy Season; Members in Business and Industry — We Want to Serve You!; Small Business Practitioners Tax Conference — $100 Discount; Ways and Means Approves Penalty Relief.

Tax E-Alert, May 9, 2008 IRS Requiring Resubmission of 2006 Form 3520 for Foreign Trusts and Foreign Gifts; IRS Launches Campaign to Help New Small Businesses; Fiduciary/Trust Accounting: A Comprehensive Practice Guide —Free to Tax Section Members; The Adviser’s Guide to Tax Preparation for Foreign Nationals - Free to Tax Section Members; AICPA Testifies at Senate Finance Committee Estate Tax Hearings; Revised Form 1120-F.

Tax E-Alert, April 16, 2008
Section 6695 Preparer Penalty Rules; Foreign Bank and Financial Account Information Needs to be Filed by June 30, 2008; Free Tax Section Teleconference on Stock Options and Restricted Stock; Discount on Tax Strategies for High-Income Individuals Conference; Apply for Appointment to Tax Division Committees and Technical Resource Panels; Websites for Practitioners; and Bill Includes "More Likely Than Not" and Cell Phone Provisions.

Tax E-Alert, March 6, 2008

IRS Will Not Challenge Accuracy of Returns with AGI of One Dollar; IRS Says Unbundling Trustee Fees Not Necessary for 2007 Returns; Revised Form 5227 Issued for 2007 Filing; IRS Changes Position on Performance-Based Compensation for $1 Million Limit; Supreme Court Rules to Let Workers Sue for 401(k) Losses.

Tax E-Alert, February 14, 2008
Stimulus Rebates May Affect Your Filing Season; Business Items in Stimulus Package; Late-Filing Penalties for S Corp and Partnership Returns; Form 1041 – AICPA Offers Guide for Trust Administrative Costs; IRS Reverses Position on Performance-Based Compensation for $1 Million Limit; E-File Delay for Fuel Tax Credit Form – CPAs for Farmers Take Note; AICPA Calls for Moving 1065 K-1 Extension Due Date to September 15; AICPA Comments on Automatic Contribution Arrangements; AICPA Comments on Proposed Regs to Make Tax Patents Reportable Transactions; Tax Section Conference Discounts; One-Click Download of Checklists and Practices Guides Now Available.

Tax E-Alert, February 4, 2008

Important AICPA Guidance for Filing 2007 Form 1041s – Deducting Trust Administrative Costs After Knight.

Tax E-Alert, January 31, 2008

Beware of Losing the Full Benefit of AMT Credit Carryforwards; Supreme Court Says Investment Advisory Fees Are Subject to 2 Percent Floor; AICPA Practice Guide for Fiduciary/Trust Accounting Available Now; Form 1040NR Foreign National Checklist, Questionnaire, Flowchart Available; AICPA Comments on Re-Proposed Cafeteria Plan Regs; New Expatriation Tax Rules Possible in 2008; First U.S. Income Tax Treaties With Mandatory Arbitration Effective for 2008; Update to U.S.-Canada Income Tax Treaty Delayed.

Tax E-Alert, January 17, 2008

No Engagement Letter Provision on New Preparer Penalties: Standards that Apply to Tax Return Preparation: AICPA Valuation Standard Applies to Tax Engagements: IRS Revises 1040/1040NR Instructions, But Won’t Update Print or Online: IRS Releases Final Tax Return Information Disclosure Regulations: IRS Executives Share Latest Tax Administration Developments with AICPA: 1040 Modernized E-File Task Force in the Works: FIN 48 Survey.

Tax E-Alert, January 3, 2008

Critical Interim Relief From the More-Likely-Than-Not Preparer Penalty.