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 > Tax Advocacy for Members > AICPA Urges Relief from More Likely Than Not Standard
AICPA Urges Relief from More-Likely-Than-Not Standard

On June 7, 2007, the AICPA wrote to the Department of the Treasury and the IRS urging that transitional relief be granted for the "more likely than not" provision, applicable to tax practitioners, that was in the Iraqi war supplemental funding bill signed into law by President Bush. The law stipulates that the provision is to be effective for returns prepared after the date of enactment, which was May 25, 2007. However, the AICPA said it believes that the IRS Commissioner has the authority to grant relief and that the need is "urgent," in order to "avoid extreme inequity, uncertainty, and administrative burden."  Furthermore, the AICPA asked that the relief be granted immediately, citing the "impending June 15th filing deadline for certain fiscal year filers and the lead time needed for e-filing." The AICPA also included in its letter examples of problems that demonstrate the need for transitional relief.

Download letter
Copyright © 2007 by the American Institute of Certified Public Accountants, Inc., New York, New York.