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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

 
Tax Home > Resources > Tax Advocacy for Members > Partnerships

Partnerships

This section contains AICPA comments and recommendations related to partnerships.

 

AICPA Calls for K-1 Due Date of September 15

On January 24, 2008, AICPA urged the IRS to change extended due date for partnership returns from October 15 to September 15, reducing the maximum automatic extension to five months instead of the current six months. Learn More>>

 

AICPA Asks Congress for Relief From New SILO Regs for Partnerships

March 2, 2005. In this letter to Congress, AICPA requests immediate relief under newly-enacted SILO legislation, because partnerships that have tax-exempt (including foreign) partners are unsure whether losses should be reported as suspended or disallowed in the situation where the partnership did not engage in any SILO or other leasing transactions. Learn More>>

AICPA Recommends Clarifications to Noncompensatory Partnership Option Regs

October 25, 2004. The Internal Revenue Service and the Treasury Department issued proposed regulations which provide guidance on the issuance and exercise of partnership-issued noncompensatory options and convertible instruments. Learn More>>

AICPA Asks IRS to Apply "Anti-Mixing Bowl" Changes Prospectively Only

September 3, 2004. In this letter the AICPA comments on Revenue Ruling 2004–43, which specifically addresses the application of sections 704(c)(1)(B) and 737 to the distribution of property by a partnership following an assets-over partnership merger. Learn More>>

AICPA Recommends Changes to Regs on Assumption of Partnership Liabilities

April 26, 2004. This letter and comments concern proposed and temporary regulations regarding the assumption of partner liabilities under Section 752. Learn More>>

AICPA Recommends Refining Legislation on Mandatory Partnership Basis Rules

February 25, 2004. The AICPA strongly supports efforts to eliminate abuses relating to the elective nature of partnership basis adjustments. Learn More>>

AICPA Suggests a Partnership Sale or Exchange Reporting Requirement Simplification

July 23, 2003. The AICPA suggests a statutory change that would (1) increase compliance among partners disposing of partnership interests where the partnership asset mix includes section 751 "hot assets" such as accounts receivable; and (2) would encourage partnerships to provide needed data to the disposing partner. Learn More>>