Below please find daily updates pertaining to the latest in financial, business, and tax news:
This series of frequently asked questions (FAQs) explains several privileges and protections that are relevant to a CPA who provides tax services, including the concept of attorney-client privilege, its implication on CPAs, and the use of Kovel arrangements ...Thu, Aug 17, 2017
webpage providing guidance and resources on contacting the IRS ...Wed, Aug 16, 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. ...Wed, Aug 09, 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. ...Mon, Jul 31, 2017
Practitioners are likely to have clients who owe taxes to the IRS and who are unable to ...
Letter from the AICPA Tax Executive Committee Chair: Embracing Uncertainties - The Reality (and Excitement) of Tax WorkFri, Jul 28, 2017
The tax world is constantly plagued with uncertainties. Temporary rules are a standard feature of federal and state tax systems, and create uncertainty as to their extension or eventual passage into permanence. Because of laws that are often vague or incomplete, we cannot always answer client ...Fri, Jul 28, 2017
Read the latest on the future of tax technology from the Letter from the Director as well as the latest on PTINs and simplified portability election guidance ...Fri, Jul 28, 2017
As part of the Fixing America’s Surface Transportation Act, Sec. 7345 authorizes the IRS to notify the State Department of taxpayers who owe a seriously delinquent tax debt. The IRS certification will request action for denial, revocation, or limitation of the passport ...Fri, Jul 28, 2017
Building a successful tax practice includes nurturing a strong relationship with your clients and the effective management of your staff. The foundation for a strong client relationship is engaging in effective communication that serves to draw out the relevant information you need to provide ...Fri, Jul 28, 2017
When there is a disagreement with an IRS employee (such as a Revenue Agent or Revenue Officer) as to proposed adjustments to a tax return or proposed collection action, in most instances a taxpayer has the right to request a hearing with the IRS Office of Appeals. In the past, ...