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Tax E-Alerts

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

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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

 

AICPA Tax E-Alerts

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, January 29, 2010

IRS Commissioner Shulman Proposes Requiring Many Companies to Disclose Uncertain Tax Positions on their Annual Tax Returns, IRS Proposal to Disclose Uncertain Tax Positions in Tax Returns.

Tax E-Alert, January 22, 2010

IRS Sends 10,000 Letters to Preparers, IRS Releases New Form for Claiming the First Time Home Buyers Credit, Estimated Tax Penalty Relief if the Underpayment was due to the "Making Work Pay Credit", Voluntary Disclosure of Offshore Accounts - Extended Time for Disclosure, AICPA Practice Guide on New Section 7216 Guidance, Educator, Student, and Career Resources at Tax Section Website, Estate Tax Webinar Materials Available, Tax Section Discount on Upcoming AICPA Conference.

Tax E-Alert, January 6, 2010

The IRS Announced Plans to Regulate all Tax Return Preparers CPA's are Exempted from Education and Testing Requirement, Web Seminar to Discuss Impact of No Estate Tax and No Generation-Skipping Transfer Tax in 2010 (as of now), Estate Planning in 2010: How to Advise Clients in Uncertain Times, Practice Guides & Checklists are Available on Tax Center Website, Partnership and S Corporation Practice Aids Available, US Senate Passes Health Care Reform.


Tax E-Alert, December 31, 2009

IRS Releases Guidance on Section 7216 Unauthorized Disclosure Penalty.

Tax E-Alert, December 4, 2009

2009 Engagement Letters and Organizers Available Now, State Exempts CPAs from Preparer Registration Requirement, Tax Section Discount on Expert Year-End Update Audio Webcasts.


Tax E-Alert, December 1, 2009

NY State Set to Require Preparer Registration, Some Expiring Provisions, Revised Statements on Standards for Tax Services, Tax Section Discount on Expert Year-End Update Audio Webcasts, AICPA Seeks Additional FBAR Guidance.


Tax E-Alert, November 18, 2009

Nomiee Officers Should Not Apply for EIN, Free Seminars on Organizing Tax Documents Electronically; Tax Practice Guides and Checklist Coming Soon.

Tax E-Alert, November 6, 2009
Congress Passes Mandatory E-Filing and Other Important Provisions; Tax Practice Guides and Checklist Coming Soon; AICPA Joins with Consumer and Taxpayer Rights Groups to Seek Tax Patent Ban.
Tax E-Alert, October 23, 2009
IRS Releases Inflation Adjusted Figures for 2010, IRS Issues Expat Interim Guidance, Tax Section Discount on 2010 Cumulative Tax Guide, Tax Section Discount on AICPA Real Estate Conference, $50 Tax Section Member Discount on Wealthy Clients Briefing, Discounts on PFS Exam available for Tax Section members, AICPA Testifies at Tax Reform Hearing, AICPA Releases Analysis of Tax Reform Alternatives. 
Tax E-Alert, October 9, 2009
Auto Dealer UNICAP Exams Suspended to Allow Correction, IRS Extends Suspension of Collections on 6707A Penalties, IRS Defines "Homes Equity Indebtedness" to Include Mortgage Debt, Controversial New Temporary Regs on 6-Year Statue of Limitations, Thank You for Paying Your Tax Section Dues, Free Sid Kees Estate Planning Seminar for your Clients, Free Estate Planning Outline, Checklist and Client Letter, Prep For and Take the ABV Credential Exam, Discounts on PFS Exam available for Tax Section members.

Tax E-Alert, September 25, 2009

IRS Modifies Procedures for Accounting Method Changes; Offshore Accounts Deadline Extended; Senate Finance Health Care Bill's Tax Provisions; Tax Court Permits 5% Discount on Conservation Easement 20% Tax Section Discount on IFRS Conference (including Tax Sessions); Prepare for the Personal Financial Specialist Exam; Pro-Bono Service Award Nominations Sought; Rate Our E-Alerts.

Tax E-Alert, September 11, 2009

Tax Court Decision on Check-the-Box Effect on LLCs for Gift Tax Purposes, 6707A Penalties on Retirement Plans Proposed by IRS, COLA may Decrease 401(k) Contribution Limit, Free Audio Tax Update, Discount on Sophisticated Tax Planning for Wealthy Clients Conference, Free Estate Planning Web Seminar, Corrected Link for Chart of Filing Requirements for Miscellaneous Forms Relating to Foreign Filing, AICPA Comments on IRS Review of Tax Return Preparers, AICPA Urges Civil Penalty Reform, AICPA Seeks Clarification of S Corp Issues.


Tax E-Alert, August 28, 2009

First Circuit supports IRS Workpapers Policy; Five Year NOL Carryback Deadline Approaching; IRS Issues memo on Tip Jars; Rev. Proc. on Cancellation of Indebtedness Income; Tax Software Survey Results Available; Foreign Tax Credits/Filing Chart Available for Tax Exempts; $100 Tax Section Discount on AICPA National Tax Conference.

Tax E-Alert, August 7, 2009
Taxes and Clunkers, FTC Red Flag Rule Could Apply to CPAs, Favorable Ruling on Tool Reimbursement Plans, New Form to Apply for Offshore Voluntary Compliance Program, IRS Fixing Problem with Incorrect Notices to Trusts, AICPA Testimony at IRS Preparer Review Forum, $100 Tax Section Discount on Top National Conference.

LLC/LLP Members are not Limited Partners for Passive Activity Loss Limit Rules; Casualty Loss from Chinese Drywall; Incorrect IRS Notices to Charitable Trusts; FBAR Update; $100 Tax Section Discount on Top National Conference; IRS Preparer Review Forum; Paying for Health Care Reform.

Tax E-Alert, July 10, 2009 

IRS Guidance on Accelerated AMT and Research Credits vs Bonus Depreciation; IRS COBRA Q and A; Credit Card Convenience Fees on Tax Payments Now Deductible; IRS Issues FAQs on Return Extensions in Disaster Areas; Andover Processing Center Closing; Taxpayer Advocate Identifies Priority Issues; Audio Tax E-Alerts Available; Webcast on Accounting Standards Codification; AICPA Submits Simplification and Fairness Legislative Proposals; Survey on Penalties for Late-Filed Form 5471.

 

Tax E-Alert, June 26, 2009

Foreign Bank Account and Other Foreign Information Return Developments; IRS COBRA Q and A; Cash for Clunkers; Health Care Pay-Fors; Update of Accounting Change Procedures for Affiliated Groups; IRS Revokes Outdated Guidance on Tax Sheltered Annuities; Tax Section Member Discounts on Conferences.

Tax E-Alert, June 5, 2009 
President Obama's Tax Proposals; Tax Provisions Generally; Revenue Raisers and "Loophole Closers"; Administrative Provisions; Reminder - Foreign Bank Account Report (FBAR) Forms must be received by the IRS by June 30th; AICPA-ABA Teleconference on June 12 on Foreign Bank Account Reporting - with IRS FBAR Experts; New Expat Form Due Soon; Web Seminar: From Tax Advisor to Wealth Manager: The Road Best Traveled; Help Improve IRS Service; Tax Section Survey on K-1 Timing. 

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, April 17, 2009
Tax Reform - Obama Style; FBAR Penalties Reduced with Voluntary Disclosure; Comment Period on Revised Tax Standards Ends May 15; Apply Now for Appointment to the Tax Division.

Tax E-Alert, April 3, 2009 
NOL Five Year Carryback Rules - Clarification/Amplification; Timing of Filing an Election; Gross Receipts Test; To Obtain an Accelerated Refund of the NOL; Making the Carryback Election; Amount of Carryback Period - 3, 4 or 5 years.

Tax E-Alert, March 27, 2009
Small Business COBRA/Payroll Tax Credit: Notice Required by 4/18 and Some Problems; New Small Business NOL Carryback Election Required by 4/17; Nexus — New Mexico Taxes Dell Computer Gross Receipts; IRS Generous with Madoff Victims; Foreign Bank Accounts Reminder. 

Tax E-Alert, March 13, 2009
Payroll Tax Credit for Required Employer COBRA Payments; AICPA International Business, Accounting, Auditing and Tax Conference; AICPA and CCH Have Joined Forces to Develop 2009 Tax Legislation Self-Study Course; AICPA Conference on Tax Strategies for the High-Income Individual.

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. 

For older versions of the Tax E-Alert, view the archives.

 

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