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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Partnership Audit and Adjustment Rules

Wed, Jul 26, 2017

As  result of the Bipartisan Budget Act of 2015, Congress enhanced the IRS’s ability to audit large partnerships. The changes are expected to dramatically increase the audit rates for partnerships and will require partners to review and possibly revise their operating agreements. Here is ...

Tax Identity Theft Information and Tools

Tue, Jul 11, 2017

Identity theft is a growing area of concern for taxpayers and practitioners.  The AICPA has created this page to provide members with information about preventing identity theft, including tips to provide clients, and steps to take if it occurs. ...

Tax Education Resources for Students and Teachers

Mon, Jul 10, 2017

Our tax education resources for students and teachers helps accounting ...

Complexities for Clients Who Are U.S. Beneficiaries

Thu, Jun 29, 2017

Recommendations to help the IRS correctly track U.S. beneficiaries of foreign trust withholding credit. ...

Letter from the Director - AICPA Tax Practice & Ethics

Fri, Jun 23, 2017

The tax profession is changing – how are you preparing? You moved your data to the cloud and mastered Form 8879 digital signatures, but are you ready to compete with a robot for your tax clients? An equivalent to Rosie, the faithful housekeeper from the Jetsons, hasn’t materialized yet, but Watson ...

Best Practices for Staff Training

Fri, Jun 23, 2017

It is a good time to evaluate the options for your staff training since filing season is in the rear window and staff performance evaluations have been recently completed. ...

May 2017 Tax Section News

Thu, Jun 22, 2017

Partnership Tax Audit Considerations; IRS Authorizations Guidance   ...

Tax Section Webcast Archives

Thu, Jun 22, 2017

Tax Section webcasts, presentation slides, and handouts are archived and available for Tax Section members to watch on-demand (without CPE) for one year following the live event. ...

Brexit Frequently Asked Questions (FAQs) & Answers for Tax Professionals

Thu, Jun 15, 2017

The UK vote to leave the EU, may have major implications for clients and tax practitioners. Here are answers to help address the most common questions raised by BREXIT. ...

Tax Professional Success Stories - Podcasts

Wed, Jun 14, 2017

Prominent CPAs provide success stories from their careers as tax accountants. They discuss how they became successful, challenges they have faced, and opportunities in the profession. ...